Sweden's Eurobattery Minerals Q2 loss narrows as project funding secured

Eurobattery Minerals AB

31/07/2026 18:11

Overview
Sweden mining company reported no Q2 sales as projects remain in development phase
Q2 operating loss and loss per share narrowed from prior year
Company secured SEK 60 mln convertible bond to fund project development

Outlook
Company did not provide specific guidance for future quarters or the full year in the press release

Result Drivers
PROJECT FINANCING - Co secured SEK 60 mln convertible bond facility to fund continued development of San Juan and Hautalampi projects
INCREASED PROJECT OWNERSHIP - Co raised its stake in Tungsten San Juan S.L. from 51% to 58.58% through capitalisation of shareholder loans
ORGANISATIONAL STRENGTHENING - Co appointed new project director and technical manager to enhance operational execution at San Juan

Company press release: ID:nMFN3n3VLT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Loss Per Share
 
SEK 0.004
 
Q2 Loss Per Share
 
SEK 0.004
 
Q2 Operating Cash Flow
 
-SEK 2.69 mln
 
Q2 Operating Profit
 
-SEK 3.86 mln
 

Reuters Recommended Reads
July 29 - Vista Gold Q2 net loss widens to $3 mln on project development investment
July 31 - Finland's Sotkamo Silver Q2 net sales jump to record on price gains
July 29 - France's Eramet H1 adjusted EBITDA rises 45% on lithium and manganese growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)