{
  "event": {
    "id": "evt-eu-eib-keliber-2024",
    "date": "2024-08-23",
    "jurisdiction": "eu",
    "issuingBody": "European Investment Bank",
    "titleOriginal": "Finland: EU and Sibanye-Stillwater, through its Keliber lithium project, join forces in €150 million deal to improve EU access to and resilience in battery materials",
    "titleOriginalLang": "en",
    "titleEn": "Finland: EU and Sibanye-Stillwater, through its Keliber lithium project, join forces in €150 million deal to improve EU access to and resilience in battery materials",
    "titleEnSource": "na",
    "documentNumber": null,
    "policyStatus": "active",
    "mechanism": [
      "funding"
    ],
    "affectedMaterialIds": [
      "lithium"
    ],
    "affectedSectors": [
      "battery",
      "industrial"
    ],
    "summary": "The European Investment Bank announced a €150 million direct loan to Keliber Technology Oy (contractual borrower; Keliber Oy is a guarantor), part of a €500 million financing package for an integrated Finnish lithium project spanning mines, concentration and battery-grade lithium-hydroxide production. The EIB project record gives a signature date of 20 August 2024 for the €150 million loan; the European Commission provides an InvestEU guarantee for the direct financing.",
    "analyticalSignificance": "The EIB describes the transaction as its first financing support for mining critical raw materials in the EU. It moves EU lithium policy from strategic-project recognition and general financing frameworks into a signed, project-specific public-bank commitment for integrated domestic extraction and processing. The signed facility identifies Keliber Technology Oy as the borrower, correcting the broader EIB announcement's use of Keliber Oy; the bank's later €17.5M Natixis signature is not part of this coded direct loan.",
    "supersededByEventId": null,
    "sourceIds": [
      "src-eib-keliber-2024",
      "src-eib-keliber-project-20170804",
      "src-sec-keliber-eib-facility-agreement-2024"
    ],
    "verificationStatus": "verified",
    "intakeMode": "backfill",
    "lifecycle": {
      "officialPublicationDate": "2024-08-23",
      "discoveredAt": null,
      "verifiedAt": "2026-10-07",
      "publishedAt": null
    }
  },
  "framing": [],
  "sources": [
    {
      "id": "src-eib-keliber-2024",
      "title": "Finland: EU and Sibanye-Stillwater, through its Keliber lithium project, join forces in €150 million deal to improve EU access to and resilience in battery materials",
      "publisher": "European Investment Bank",
      "url": "https://www.eib.org/en/press/all/2024-313-eu-and-sibanye-stillwater-through-its-keliber-lithium-project-in-finland-join-forces-in-eur150-million-deal-to-improve-eu-access-to-and-resilience-in-battery-materials",
      "language": "en",
      "datePublished": "2024-08-23",
      "dateAccessed": "2026-10-07",
      "sourceType": "official",
      "confidence": "primary",
      "notes": "Official EIB release: EIB is lending €150 million to Keliber Oy as part of a €500 million financing package for integrated lithium mining, concentration and lithium-hydroxide processing in Finland. The direct loan is backed by an InvestEU guarantee."
    },
    {
      "id": "src-eib-keliber-project-20170804",
      "title": "KELIBER BATTERY GRADE LITHIUM PRODUCTION",
      "publisher": "European Investment Bank",
      "url": "https://www.eib.org/en/projects/all/20170804",
      "language": "en",
      "datePublished": null,
      "dateAccessed": "2026-10-07",
      "sourceType": "official",
      "confidence": "primary",
      "notes": "Official EIB project record. Status Signed; records €150,000,000 signed on 2024-08-20 and a later €17,500,000 signature on 2024-12-20. This tranche codes only the €150 million transaction surfaced by the August 2024 EIB release. Project description covers lithium mines, a concentrator and a hydrometallurgical battery-grade lithium-hydroxide plant."
    },
    {
      "id": "src-sec-keliber-eib-facility-agreement-2024",
      "title": "Sibanye Stillwater, Exhibit 4.8: 20 August 2024 EIB–Keliber Technology Oy €150 million Facility Agreement",
      "publisher": "Sibanye Stillwater Limited / U.S. Securities and Exchange Commission (EDGAR)",
      "url": "https://www.sec.gov/Archives/edgar/data/1786909/000178690925000019/a2017-080488685financont.htm",
      "language": "en",
      "datePublished": "2025-04-25",
      "dateAccessed": "2026-10-07",
      "sourceType": "other",
      "confidence": "primary",
      "notes": "Binding EIB €150M facility agreement executed August 20, 2024 and furnished April 25, 2025. Party definitions name Keliber Technology Oy as Borrower; Keliber Oy is an Original Guarantor. Corrects the shorthand recipient wording in EIB's August 2024 press release."
    }
  ]
}