Updates from Keliber Oy
Today, Keliber Oy (“Keliber”) announced the extraordinary general meeting’s appointment of Mr. Mika Seitovirta (M.Sc.Econ) as the new Chairman of the Board of Directors.
In a separate notice Keliber also provided a project update, including the identification of certain factors that need to be further assessed and planned, which impacts the project timeline. Due to the changes in end product and production process, additional technical and environmental planning has been required. Keliber has also evaluated the length of the upcoming construction and updated the construction master schedule. Keliber currently estimates that construction could start in 2021 and that the construction phase would take over two years. Keliber will continue to advance the lithium project as planned in various fields including further technical planning, permitting, ore potential and financing.
Nordic Mining ASA holds an investment of 18.5% in Keliber.
Keliber’s full announcements are available at https://www.keliber.fi/en/investors/news-releases-and-publications/.
Oslo, 6 November 2019
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 and high-purity quartz.
Nordic Mining is listed on Oslo Axess with ticker symbol “NOM”.