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    1. Home
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    Finance

    Miner Eramet plans capital increase, asset sales after dire year

    Published by Global Banking & Finance Review®

    Posted on February 18, 2026

    1 min read

    Last updated: February 18, 2026

    Miner Eramet plans capital increase, asset sales after dire year - Finance news and analysis from Global Banking & Finance Review
    Tags:Reutersraising capitalequitycorporate governanceextractive industries

    Quick Summary

    French miner Eramet plans a ~€500m equity raise and may sell assets in 2026 after weak 2025 results and rising debt. The moves follow the ousting of CEO Paulo Castellari and suspension of CFO Abel Martins-Alexandre.

    Table of Contents

    • Asset Stakes Under Review
    • €500m Capital Increase Plan
    • Eramet’s 2026 Capital Actions and Governance Update
    • Core Metals: Nickel, Manganese, Lithium
    • Finance Chief Suspended
    • CEO Paulo Castellari Fired
    • Leadership Turmoil at the Top
    • Exchange Rate Used ($1 = €0.8469)

    Eramet to raise €500m, weigh stake sales in 2026 after earnings slump

    Asset Stakes Under Review

    €500m Capital Increase Plan

    Eramet’s 2026 Capital Actions and Governance Update

    PARIS, Feb 18 (Reuters) - French mining group Eramet will launch a 500 million euro ($590.40 million) capital increase and consider selling stakes in some activities in 2026 after a slump in earnings and a jump in debt last year, it said on Wednesday.

    Core Metals: Nickel, Manganese, Lithium

    Finance Chief Suspended

    CEO Paulo Castellari Fired

    Leadership Turmoil at the Top

    The nickel, manganese and lithium producer unveiled the measures as it also faces a management crisis following the firing of former CEO Paulo Castellari and the suspension of finance chief Abel Martins-Alexandre within a few days earlier this month.

    Exchange Rate Used ($1 = €0.8469)

    ($1 = 0.8469 euros)

    (Reporting by Gus Trompiz; Editing by Joe Bavier)

    Key Takeaways

    • •Eramet plans an equity raise of around €500m in 2026 with backing from reference shareholders.
    • •The group will review assets with potential monetisation or stake sales to bolster the balance sheet.
    • •Weak 2025 performance drove leverage higher; liquidity remains strong and dividends are suspended for two years.
    • •Governance turmoil includes the Feb 1, 2026 ouster of CEO Paulo Castellari and the suspension of CFO Abel Martins-Alexandre.
    • •Management will focus on the ReSolution performance program, cost controls and capex rationalisation in 2026.

    Frequently Asked Questions about Miner Eramet plans capital increase, asset sales after dire year

    1What is a capital increase?

    A capital increase is when a company issues new shares to raise money. Proceeds can fund operations, reduce debt, or support investments. Existing shareholders may be offered rights to buy new shares, which dilutes ownership if they do not participate.

    2What is a stake sale?

    A stake sale is the sale of part of a company’s ownership interest in a subsidiary, joint venture, or asset. It can generate cash, reduce exposure to certain activities, and realign the portfolio without selling the entire business.

    3What is an earnings slump?

    An earnings slump refers to a significant decline in a company’s profit compared with prior periods. It often results from weaker prices, higher costs, operational issues, or adverse market conditions and can pressure cash flow and leverage ratios.

    4What is net debt?

    Net debt measures a company’s total borrowings minus its cash and cash equivalents. It indicates how much debt would remain if available cash were used to repay obligations. Higher net debt can reduce financial flexibility and increase risk.

    5What is an exchange rate?

    An exchange rate is the price of one currency expressed in another currency. It determines how much of a foreign currency you receive for a unit of your domestic currency and affects reported revenues, costs, and financial results for international companies.

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