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Nordic Mining: Keliber has been granted up to EUR 2.6M for the Development of the Lithium Project Featured

Business Finland has granted maximum of € 2.6 million for the development of the Keliber (“company”) lithium project. Full redemption of the grant requires the company to implement a comprehensive development plan and to meet the financial conditions.The development and innovation work focus on to contribute that the company's process is sustainable and the end product reaches the quality standards set by the customers. The project covers the period 3 June, 2019 – 31 August, 2022.

 

The project is part of the first pan-European battery research and innovation project (IPCEI), which aims at building a sustainable, innovative and competitive battery ecosystem in Europe. On December 9, 2019, the European Commission approved a € 3.2 billion public grant from seven Member States for battery research and innovation projects. The project involves Belgium, Italy, Poland, France, Sweden, Germany and Finland and a total of 17 companies, including 4 from Finland. IPCEI is an abbreviation of Important Project of Common European Interest.

“We are very pleased with the financing decision and it shows that Keliber is a company that invests in innovation and sustainable development. The financing decision will enable us to make our production process even more sustainable and cleaner as part of the European battery ecosystem” says Pertti Lamberg, CEO of Keliber Oy.

About Keliber

Keliber Oy is a Finnish mining company with an objective of producing battery grade lithium hydroxide especially for the needs of the international lithium battery market. Over 80 % of Keliber is owned by Finnish institutional investors and private investors. The largest individual owners of the company are Finnish Minerals Group, the Norwegian mining industry investment company Nordic Mining, Jorma Takanen and Mine Invest.

Source: Nordic Mining

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