Finnish lithium company Keliber has negotiated a financing arrangement with South Africa-based Sibanye-Stillwater that will enable its lithium project in the Ostrobothnia area to progress to the construction phase.
In a second arrangement, Sibanye will make a voluntary offer to minority shareholders, except for State-owned Finnish Minerals Group which intends to participate in the financial arrangement, to the value of €104-million."The proposed arrangement is significant for Keliber because it enables the lithium project to progress to the construction phase, from a financing point of view.
The company still requires some outstanding environmental permits before it could start full-scale construction work.
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