Keliber’s Lithium Project Progresses with Financing by Sibanye-Stillwater
The future lithium hydroxide producer Keliber Oy, operating in the Central Ostrobothnia area in Finland, has prepared a financing arrangement to enable the Keliber lithium project to progress to the construction phase. The proposed arrangement includes two share issues. In the first one, Sibanye Stillwater Limited will exercise its pre-emptive right to achieve a 50% plus 1 majority shareholding for new Keliber shares to the value of EUR 146 million. The second share issue will have a value of approximately EUR 104 million. In addition, Keliber’s shareholders will receive a Voluntary Offer