Agreement To Advance Lithium Project In Finland

SOUTH AFRICA - Keliber Oy and Sibanye Stillwater Limited have signed an investment agreement on bridge financing of 40 million euros. This agreement enables Keliber to significantly advance its lithium project in Central Ostrobothnia, Finland. Keliber aims to start production in 2024. The demand for lithium is expected to surge as a result of increasing digitalization and electrification of transportation.

“We are delighted to have reached this agreement with Sibanye-Stillwater. Keliber’s goal is to be the first European company producing sustainable, high-purity, battery grade lithium hydroxide from its own ore. This agreement responds to the fast-growing need of lithium in the era of electric transport, renewable energy and electrification of consumer products”, said, Hannu Hautala, Chief Executive Officer of Keliber.