Extracts and processes key battery minerals—nickel, cobalt, copper, and rare earth elements—using sustainable mining practices and advanced mineral processing techniques with full supply chain traceability, notably at the Hautalampi project in Finland.
Commercial-grade concentrates of nickel, cobalt, copper, and rare earth elements produced for battery manufacturers, sourced from strategic mining projects.
In 2024, signed a Letter of Intent to invest €2.5M in a Spanish tungsten project via Tungsten San Juan SL (production targeted 2025); applied for Strategic Project status under the EU Critical Raw Materials Act (decision expected 2024); completed acquisition of FinnCobalt Oy to secure full ownership of the Hautalampi nickel-cobalt-copper project in Finland, which produces commercial-grade concentrates.
A Swiss investment company contributed SEK 2.2M through a rights issue; the board and management invested SEK 3.1M; Fenja Capital II A/S provided SEK 4.0M in convertible notes.
