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Keliber receives funding from Business Finland for its lithium project

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(Kitco News) - Keliber, a Finnish mining and chemical company focused on producing battery grade lithium hydroxide, announced Wednesday that Business Finland has granted Keliber Technology a maximum grant of 708 000 euros as part of the funding granted to the BATCircle 2.0 consortium, which consists of research organisations and companies.

According to the company's statement, Keliber is one of the actors contributing to the Finnish battery strategy and the development of a sustainable battery metals ecosystem. The consortium promotes environmental and circular economy projects, with the goal of sustainable utilisation of materials as well as a high rate of recycling.

Keliber said that during the BATCircle 2.0 project, the company will concentrate on developing its exploration methods and production process in order to guarantee environmentally friendly and cost-conscious operations, and a high-quality end-product. In addition, the use of recycled lithium as a raw material will be studied.

"We are very pleased with the funding decision, which supports Keliber's project and the development of circular economy solutions," said CEO Hannu Hautala.

Keliber holds several advanced lithium deposits in a Central Ostrobothnian area in Finland that spans over 500 km². Keliber noted that the known lithium reserves of Central Ostrobothnia have been estimated to be among the most significant in Europe. The area has excellent potential for increasing ore reserves and discovering new deposits.

The company's concentrator plant will be located in the vicinity of the ore reserves in Kaustinen, and the chemical plant will be located slightly over 50 kilometers away in the Kokkola Industrial Park, near the Port of Kokkola. According to Keliber's estimates, the construction stage will begin in 2022.

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