During mid-June, the Vaasa Administrative Court in Finland mostly rejected three appeals that were filed in March 2019 challenging Keliber Oy’s environmental and water permits for the
Syväjärvi mining area. The court now told Keliber it wants it to further intensify water monitoring.

“While we expected this outcome, we are pleased with the decision, which will advance Keliber’s plans to be the first
European company to produce lithium hydroxide from its own ore,” Keliber CEO Hannu Hautala said.

Once the decision is legally valid, Keliber will start prep work for mining activities, which includes, removal of overburden, the construction of roads and sedimentation basins, as well as making a wetland for overland flow. Ore mining is scheduled to begin in 2024.