Interim Report July - September 2026

July – September 2026

• Net sales amounted to SEK 0 million (0) and profit after tax was SEK -21.0 million (-28.2).
• Earnings per share before and after dilution amounted to SEK -0.06 (-0.24).
• Capitalised expenses related to exploration and appraisal assets amounted to SEK 152 million (57.6).
• The Group’s cash flow for the period was SEK 123 million (-23.8).
• Cash and cash equivalents amounted to SEK 1,471 million on September 30, 2026 (1,407 on 31 Dec, 2025).
• Equity amounted to SEK 5,341 million on September 30, 2026 (3,095 on 31 Dec, 2025).

January – September 2026

• Net sales amounted to SEK 0 million (0) and profit after tax was SEK -90.6 million (-67.7).
• Earnings per share before and after dilution amounted to SEK -0.32 (-0.57).
• Capitalised expenses related to exploration and appraisal assets amounted to SEK 362 million (207).
• The Group’s cash flow for the period was SEK 64.2 million (84.7).

Exploration and geology
Success in a second major step-out drillhole, VDD26007, which intersected six metres at 1.9% Cu approximately 700 metres beyond the current Mineral Resource, reaffirms the significant scale of the Viscaria mineral system and highlights the potential to discover high-grade mineralisation within it.

Significant events during the period July – September 2026

• An extraordinary general meeting approved Tranche 2 of the directed share issue. In connection with the share issue, all outstanding shareholder loans totalling SEK 681 million were fully set off and converted into equity. As a result, the total transaction value amounted to approximately SEK 2.4 billion.
• A strategic supply and service agreement was entered into with Sandvik covering the underground production fleet for the mine.
• A long-term cooperation agreement was signed with Metso for the delivery of process equipment for the processing plant.
• Andreas Ridderström was appointed Chief of Strategy, Procurement & Project Control. At the same time, changes to the company’s management structure were announced.

Significant events after the end of the period

• The European Commission designated the Viscaria mine a Strategic Project under the Critical Raw Materials Act (CRMA).
• The new railyard at Leväjärvi was inaugurated.
• On 29 October, Viscaria announced that it expects to complete the project financing process within 90 days, with credit approval from the lead banks, ING and Societe Generale, anticipated around year-end.

Presentation of the report
A live presentation of this report will be held today, Thursday 5 November, at 09.30 CET. The report will be presented by CEO Jörgen Olsson and CFO Frida Keskitalo, followed by a Q&A session.

The live webcast can be accessed via the link: https://www.youtube.com/live/uNB2Ow3hWxw