Keliber granted EUR 2.6 million from Business Finland

Keliber has been granted up to EUR 2.6 million from Business Finland for the development of the company’s lithium project.

 

The project is part of the first pan-European battery research and innovation project (IPCEI - Important Project of Common European Interest), which aims at building a sustainable, innovative and competitive battery ecosystem in Europe. On December 9, 2019, the European Commission approved a EUR 3.2 billion grant scheme from seven member states for battery research and innovation projects. Keliber is one of 17 companies involved in the project.

Keliber’s full announcement is available at https://www.keliber.fi/en/investors/news-releases-and-publications/.

Nordic Mining ASA holds an investment of 18.5% in Keliber.


Oslo, 12 March 2020
Nordic Mining ASA



Nordic Mining ASA (www.nordicmining.com)

Nordic Mining ASA (“Nordic Mining” or the “Company”) is a resource company with focus on high-end industrial minerals and metals. The Company’s project portfolio is of high international standard and holds significant economic potential. The Company’s assets are in the Nordic region.

Nordic Mining is undertaking a large-scale project development at Engebø on the west coast of Norway where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. Nordic Mining also holds 18.5% of the shares in Keliber Oy, which is developing a lithium project in Finland to become the first European producer of battery grade lithium hydroxide.

In addition, Nordic Mining holds interests in other initiatives at various stages of development. This includes patented rights for a new technology for production of alumina and exploration of seabed minerals.

Nordic Mining is listed on Oslo Axess with ticker symbol “NOM”.