{ "projectionVersion": "smpt-investigation-1", "projectId": "prj-fi-keliber-lithium", "corpus": { "revision": "2026-11-03", "legalStatusCutoff": "2026-11-03", "view": "current_corpus_revision", "notice": "Curated corpus revision, not source freshness or historical known-as-of coverage. Financial histories retain their own status dates." }, "project": { "id": "prj-fi-keliber-lithium", "name": "KELIBER LITHIUM", "sponsorOrgIds": [ "org-keliber-oy", "org-keliber-technology-oy" ], "locations": [ { "countryCode": "FI", "subnational": null, "asStated": "Finland" } ], "stages": [ "mining", "processing" ], "materialIds": [ "lithium" ], "materialAttribution": "tracked_only", "untrackedMaterialsAsStated": [], "evidence": [ { "sourceId": "src-ec-crma-sp-annex-2025-03", "supports": [ "name", "location", "stages", "materials" ], "evidence": "explicit", "locator": "Entry (19)", "note": "The annex states that KELIBER LITHIUM is an ongoing integrated extraction and processing project in Finland for lithium (battery grade)." }, { "sourceId": "src-ec-crma-sp-decision-2025-03", "supports": [ "sponsors" ], "evidence": "explicit", "locator": "Article 2, row 19", "note": "The Commission decision names Keliber Technology Oy as promoter." }, { "sourceId": "src-eib-keliber-project-20170804", "supports": [ "stages", "materials", "sponsors" ], "evidence": "explicit", "locator": "Project description", "note": "EIB describes mines, a concentrator and a hydrometallurgical plant producing battery-grade lithium hydroxide. The EIB project summary lists Keliber Oy as project promoter, distinct from the EU CRMA Commission's Keliber Technology Oy promoter and the signed loan's Keliber Technology Oy borrower." } ], "notes": "The EIB project summary names Keliber Oy as project promoter, while the EU CRMA Strategic Project designation names Keliber Technology Oy as promoter; these source-specific roles are not collapsed. The executed €150M EIB facility names Keliber Technology Oy as borrower and Keliber Oy as an original guarantor. Both names remain distinct organizations." }, "organizations": [ { "id": "org-eu-eib", "name": "European Investment Bank", "nameOriginal": null, "aliases": [ "EIB" ], "kind": "public_financier", "roles": [ { "role": "provider", "recordId": "fin-eu-eib-2024-keliber-loan" } ], "evidence": [ { "sourceId": "src-ec-resourceeu-com-945", "supports": [ "name", "kind", "actor" ], "evidence": "explicit", "locator": "Section 2.1", "note": "Named as providing financing to Strategic Projects \"via loan agreements\" and as committed to CRM financing \"via loans, venture debt, and private funds\"." } ] }, { "id": "org-keliber-oy", "name": "Keliber Oy", "nameOriginal": null, "aliases": [ "Keliber" ], "kind": "company", "roles": [ { "role": "registered_sponsor", "recordId": "prj-fi-keliber-lithium" } ], "evidence": [ { "sourceId": "src-eib-keliber-2024", "supports": [ "name", "kind", "country" ], "evidence": "explicit", "locator": "Opening paragraphs", "note": "EIB describes Keliber Oy as a Finnish mining and battery-material processing company." } ] }, { "id": "org-keliber-technology-oy", "name": "Keliber Technology Oy", "nameOriginal": null, "aliases": [], "kind": "company", "roles": [ { "role": "registered_sponsor", "recordId": "prj-fi-keliber-lithium" }, { "role": "recipient", "recordId": "fin-eu-eib-2024-keliber-loan" }, { "role": "designation_holder", "recordId": "dsg-eu-crma-keliber-lithium" } ], "evidence": [ { "sourceId": "src-ec-crma-sp-decision-2025-03", "supports": [ "name", "kind", "country" ], "evidence": "explicit", "locator": "Article 2, row 19", "note": "Commission decision lists Keliber Technology Oy at a Finland address as the project promoter." }, { "sourceId": "src-sec-keliber-eib-facility-agreement-2024", "supports": [ "name", "kind", "country" ], "evidence": "explicit", "locator": "Agreement parties; Keliber Technology Oy named as Finnish incorporated Borrower", "note": null } ] } ], "financialInstruments": [ { "id": "fin-eu-eib-2024-keliber-loan", "eventId": "evt-eu-eib-keliber-2024", "instrument": "loan", "valueRole": "commitment", "capitalSource": "public_enterprise", "projectRelationship": "directly_attributable", "projectId": "prj-fi-keliber-lithium", "associatedProjectIds": [], "amount": { "value": "150000000", "currency": "EUR", "qualifier": "exact", "amountAsStated": "€150 million direct loan", "currencyBasis": "stated", "basisNote": null, "basisLabel": null }, "amountBasis": "current_recorded_terms_not_historical_totals", "provider": "European Investment Bank (supported by an InvestEU guarantee)", "providerJurisdiction": "eu", "providerOrgIds": [ "org-eu-eib" ], "recipient": "Keliber Technology Oy", "recipientOrgIds": [ "org-keliber-technology-oy" ], "programmeId": null, "legalAuthority": null, "facility": null, "locations": [], "materialIds": [ "lithium" ], "stages": [ "mining", "processing" ], "currentFinancialStatus": "contracted", "financialStatusHistory": [ { "status": "contracted", "date": "2024-08-20", "sourceId": "src-eib-keliber-project-20170804", "note": "The EIB project record lists a €150 million signature on 20 August 2024." } ], "legacyPhysicalObservations": [ { "status": "construction", "date": null, "sourceId": "src-eib-keliber-2024", "note": "The 23 August 2024 EIB release states that construction of the plant had already begun; it does not state the construction start date." } ], "terms": [], "statedOutcomes": [], "relationships": [], "evidence": [ { "sourceId": "src-eib-keliber-2024", "supports": [ "instrument", "value_role", "capital_source", "amount", "provider", "recipient", "project", "stages", "materials", "status" ], "evidence": "explicit", "locator": "Opening bullets and financing/project description", "note": "The release states the €150 million EIB direct loan, InvestEU guarantee and integrated lithium project." }, { "sourceId": "src-eib-keliber-project-20170804", "supports": [ "amount", "project", "stages", "materials", "status" ], "evidence": "explicit", "locator": "Amount; Signature date(s); Project description", "note": "The project page establishes the exact 20 August 2024 signature date for the €150 million loan." }, { "sourceId": "src-sec-keliber-eib-facility-agreement-2024", "supports": [ "recipient", "amount", "instrument", "status" ], "evidence": "explicit", "locator": "Cover page and agreement parties (20 August 2024): EIB as Bank; Keliber Technology Oy as Borrower; Schedule 1 and signature pages: Keliber Oy as Original Guarantor", "note": "Executed €150M contract controls legal borrower identity. The EIB press release informally labels Keliber Oy as recipient, but the contractual Borrower is Keliber Technology Oy." } ], "notes": "The executed 20 August 2024 EIB facility agreement (SEC Exhibit 4.8) identifies Keliber Technology Oy as the borrower and Keliber Oy as an original guarantor, correcting the abbreviated borrower identification in the EIB announcement. EIB project 20170804 separately lists a €17.5 million signature on 20 December 2024; the bank's 2024 lending report names Natixis as that signature's counterparty. Because the financing mechanism and flow to Keliber have not been verified, that transaction remains outside this tranche and is not recorded as a second direct Keliber loan." } ], "nonallocativeAssociations": [], "designations": [ { "id": "dsg-eu-crma-keliber-lithium", "eventId": "evt-eu-crma-strategic-projects-2025-03", "programmeId": "prg-eu-crma-strategic-projects", "projectId": "prj-fi-keliber-lithium", "relationship": "project_designation_standing_not_money", "projectNameAsStated": "KELIBER LITHIUM", "holderOrgIds": [ "org-keliber-technology-oy" ], "statusHistory": [ { "status": "recognized", "date": "2025-03-25", "sourceId": "src-ec-crma-sp-decision-2025-03", "note": "Article 1 recognizes the projects listed in the Annex as Strategic Projects." } ], "evidence": [ { "sourceId": "src-ec-crma-sp-annex-2025-03", "supports": [ "project", "location", "materials", "stages" ], "evidence": "explicit", "locator": "Entry (19)", "note": "KELIBER LITHIUM is described as an ongoing integrated extraction and processing project in Finland for lithium (battery grade)." }, { "sourceId": "src-ec-crma-sp-decision-2025-03", "supports": [ "programme", "holders", "status" ], "evidence": "explicit", "locator": "Article 1; Article 2, row 19", "note": "The Commission decision names Keliber Technology Oy as promoter." } ] } ], "nativeMilestones": [], "policyContexts": [ { "id": "evt-eu-crma-strategic-projects-2025-03", "relationship": "finance_or_designation_parent", "jurisdiction": "eu", "issuingBody": "European Commission", "titleEn": "Commission Decision recognising 47 critical raw material projects in the EU as Strategic Projects under the Critical Raw Materials Act", "titleOriginal": "Commission Decision of 25.3.2025 recognising certain critical raw material projects as Strategic Projects under Regulation (EU) 2024/1252 of the European Parliament and of the Council", "documentNumber": "C(2025) 1904 final", "date": "2025-03-25", "policyStatus": "in_force", "sourceIds": [ "src-ec-crma-sp-decision-2025-03", "src-ec-crma-sp-annex-2025-03", "src-ec-ip-25-864" ] }, { "id": "evt-eu-eib-keliber-2024", "relationship": "finance_or_designation_parent", "jurisdiction": "eu", "issuingBody": "European Investment Bank", "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", "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", "documentNumber": null, "date": "2024-08-23", "policyStatus": "active", "sourceIds": [ "src-eib-keliber-2024", "src-eib-keliber-project-20170804", "src-sec-keliber-eib-facility-agreement-2024" ] } ], "coannouncedControls": [], "financePackageReferences": [], "unknowns": [ "No project-native source-reviewed industrial milestone is published. Attributed activity in financing histories remains a separate evidence class; no exact milestone date or facility-wide conclusion is inferred.", "Historical amount review is incomplete. Current amounts cannot be read as a time series of earlier commitments.", "Structural links and shared materials do not demonstrate that a government measure caused an industrial outcome." ], "sources": [ { "id": "src-ec-crma-sp-annex-2025-03", "title": "Annex to Commission Decision C(2025) 1904 final: list of Strategic Projects", "publisher": "European Commission", "url": "https://single-market-economy.ec.europa.eu/document/download/e9c90c91-7492-4047-bc51-d0c9d5e89a2f_en?filename=C_2025_1904_1_EN_annexe_acte_autonome_part1_v2.pdf", "language": "en", "sourceType": "official", "confidence": "primary", "publishedOn": "2025-03-25", "accessedOn": "2026-09-23" }, { "id": "src-ec-crma-sp-decision-2025-03", "title": "Commission Decision of 25.3.2025 recognising certain critical raw material projects as Strategic Projects under Regulation (EU) 2024/1252 (C(2025) 1904 final)", "publisher": "European Commission", "url": "https://single-market-economy.ec.europa.eu/document/download/9b159533-2a45-4d43-bf33-6ca5fa88440d_en?filename=C_2025_1904_1_EN_ACT_part1_v2.pdf", "language": "en", "sourceType": "official", "confidence": "primary", "publishedOn": "2025-03-25", "accessedOn": "2026-09-23" }, { "id": "src-ec-ip-25-864", "title": "Commission selects 47 Strategic Projects to secure and diversify access to raw materials in the EU (IP/25/864)", "publisher": "European Commission", "url": "https://ec.europa.eu/commission/presscorner/detail/en/ip_25_864", "language": "en", "sourceType": "official", "confidence": "primary", "publishedOn": "2025-03-25", "accessedOn": "2026-09-23" }, { "id": "src-ec-resourceeu-com-945", "title": "RESourceEU Action Plan: Accelerating our critical raw materials strategy to adapt to a new reality (COM(2025) 945 final)", "publisher": "European Commission", "url": "https://single-market-economy.ec.europa.eu/document/download/01c448d6-dc93-40d7-9afe-4c2af448d00c_en", "language": "en", "sourceType": "official", "confidence": "primary", "publishedOn": "2025-12-03", "accessedOn": "2026-09-23" }, { "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", "sourceType": "official", "confidence": "primary", "publishedOn": "2024-08-23", "accessedOn": "2026-10-07" }, { "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", "sourceType": "official", "confidence": "primary", "publishedOn": null, "accessedOn": "2026-10-07" }, { "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", "sourceType": "other", "confidence": "primary", "publishedOn": "2025-04-25", "accessedOn": "2026-10-07" } ], "limitations": [ "Policy contexts here parent existing finance or designation records; a shared material or date never creates a causal edge.", "Coannounced controls are announcement siblings only, not project-specific restrictions or effects.", "Direct project attribution and nonallocative association are different. No individual monetary allocation, financial sum or payment conclusion is authorized.", "Financing statuses describe the current corpus revision. Legacy implementation observations require scoped review and are not project-native milestones.", "A milestone's event/target date, publication/access horizon and reviewer date are separate. A planned target is not automatically occurred.", "An absent reviewed milestone means no approved entry in SMPT, not that the facility is inactive or failed.", "Amounts retain current source-stated terms, original currency and exact decimal strings. This packet computes no historical financial totals or project-wide monetary allocation.", "Published source review does not establish independent on-site verification. Source, financial-status, occurrence, target and review dates remain distinct." ] }