Tekes has granted Keliber Oy a development loan of MEUR 1.8 Tekes - the Finnish Funding Agency for Innovation, has granted Keliber Oy a possibility to receive innovation financing as a form of development loan of 1,829,000 EUR. The loan is granted for the development of on-line monitored lithium production chain. In addition to the development of the lithium carbonate process, the target for the financed project is to ensure the optimal use of future by-products. The development work has also an important role in achieving the vision and objectives of company's policy regarding sustainable development. During the project, novel water and tailings management technology will be tested, aiming to more efficient land use and environmental friendly storage methods.
Granted loan may not exceed 70% of total eligible costs approved by Tekes. The interest-rate for the loan is three percentages under the base rate, but at least 1.0 %. The loan period is 10 years, whereof the first 3 years are grace period. The loan will be repaid in annual repayments.