Regulatory press release

Interim Report April – June 2025

The second quarter marks a breakthrough for Viscaria. The feasibility study and resource update confirm both the project’s economic strength and geological potential. Viscaria has now established itself as one of Europe’s most promising copper projects and is well positioned to take the next step toward sustainable and long-term profitable copper production – at a time when the need for European raw material supply has never been greater. The continued success in our drilling since May 2025 confirm the strong growth potential of our site.” - Jörgen Olsson, CEO of Viscaria

Significant events during the period April – June 2025

On June 30, Viscaria announced a shareholder loan of approximately SEK 400 million from two of the company’s largest shareholders, TomEnterprise Public Capital AB and Jan Ståhlberg, with an intention to participate in a future new share issue.
On June 10, Viscaria announced a connection agreement enabling the delivery of 45 megawatts of electricity to the Viscaria mine.
On May 8, Viscaria presented a Mineral Resource update and a Feasibility Study, showing increasing copper grades and increased tonnage with significant growth potential.
On May 8, the company’s Annual General Meeting resolved, among other things, to elect Lars-Eric Aaro, former CEO and Group President of LKAB, and Mark Johnson, President and Chief Operating Officer of Freeport-McMoRan Indonesia, as members of Viscaria’s Board of Directors.
On April 16, Viscaria’s environmental permit gained legal force following the Supreme Court’s decision not to grant leave to appeal regarding the environmental permit.

Significant events after the end of the period

No significant events to report.

April – June 2025

Net sales amounted to SEK 0.0 million (0.0).
Profit after tax for the period was SEK -21.7 million (-12.0).
Earnings per share before and after dilution amounted to SEK -0.20 (-0.13).
Capitalised expenses related to exploration and appraisal assets amounted to SEK 65.0 million (92.0).
The Group’s cash flow for the period was SEK -42.0 million (317).

January – June 2025

Net sales amounted to SEK 0.0 million (0.0).
Profit after tax for the period was SEK -39.5 million (-23.5).
Earnings per share before and after dilution amounted to SEK -0.37 (-0.26).
Capitalised expenses related to exploration and appraisal assets amounted to SEK 149 million (150).
The Group’s cash flow for the period was SEK 109 million (247).

Presentation of the interim report
A live presentation of this interim report will be held today, Thursday 14 August, at 09.30 CET. The report will be presented by CEO Jörgen Olsson, CFO Frida Keskitalo and Head of Geology Ross Armstrong. The live presentation can be accessed via the link: https://www.youtube.com/watch?v=x8AaRKOmqQw

About Viscaria
Gruvaktiebolaget Viscaria is a company that is scaling up to become a modern and responsible producing mining company through the reopening of the Viscaria mine in Kiruna. The deposit's high copper grade, assessed mineral resources, geographical location and growing team of experienced employees provide good conditions for the company to become an important supplier of high-quality and responsibly produced copper - a metal that has a central role in Sweden's and Europe's climate transition. In addition to the Viscaria mine, the company holds a number of processing concessions and exploration permits in Arvidsjaur (Eva, Svartliden, Granliden) and Smedjebacken (Tvistbogruvan) - all in Sweden. The Parent Company's shares are listed on Nasdaq Stockholm Main Market (ticker VISC).