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Applications of Solmax’s Geosynthetic Drainage Design Tool: Drainage Geonets & Geocomposites in Solid Waste Containment Facilities

Ore Reserves of Keliber’s largest Lithium Deposit increased by 55 Percent

Keliber’s ore reserves estimate has been updated, with an effective date of 31 August 2021. The update is based on the revised mineral resource estimate, published in May 2021. The company’s total proved and probable ore reserves have increased from 9.37 to 12.30 million tonnes, representing growth of 32 percent. The estimated ore reserves of the company’s largest lithium deposit, Rapasaari, have increased by 55 percent as compared to the previous estimate, which was published in December 2019.

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Keliber decides to increase Production Capacity and relocate the Future Concentration Plant

Keliber announced that through a review of its production plans, the company will be able to increase its annual lithium hydroxide production from 12,500 tonnes to 15,000 tonnes in its future mine and lithium concentration plant. In addition, the company has chosen to locate the future concentration plant to the Päiväneva area, which is located in the mining area approximately 10 km northeast from the nearest municipality, Kaustinen in Finland.

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

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.

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Keliber appoints financial Advisors for the Lithium Project Investments

Keliber Oy has appointed Carnegie Investment Bank AB and Nordea Bank Abp as advisors for the equity financing for the Company’s mining and lithium chemical production project. Carnegie will be the Global Coordinator for the equity financing. Together with Company, the advisors will explore different financing options, including possibilities for an Initial Public Offering (IPO) through a listing of the Company’s shares, for the construction of the Lithium Project.

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Keliber’s Pilot Plant Tests to produce Lithium Hydroxide completed

The pilot tests of the Keliber's lithium hydroxide test program have been completed on schedule. During the test work, conducted at Outotec's Pori Research Center, leaching, ion exchange and crystallization tests were carried out on laboratory and pilot scales. During the pilot, lithium hydroxide was produced and based on preliminary analyses the product is of battery grade.

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