Partnership with Sibanye-Stillwater ensuring significant financing for Keliber’s lithium project
Keliber Oy (Keliber) and Sibanye Stillwater Limited (Sibanye-Stillwater) 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. Sibanye-Stillwater will subscribe for shares in Keliber for 15 million euros, and the current Keliber shareholders will subscribe for shares for up to 10 million euros.