07/02/2020

Finnish Minerals Group invests EUR 30 million in the battery chemicals plant

The company implements earlier agreed funding commitments related to Terrafame’s battery chemicals plant.

Terrafame Oy’s parent company Finnish Minerals Group has invested EUR 30 million of equity in Terrafame’s battery chemicals plant, which is currently under construction. This investment does not require new funding from the State of Finland.

The investment amount is based on a commitment granted for the battery chemicals plant in October 2018. As part of the investment funding package, Terrafame has also drawn EUR 30 million of equity funding granted by Galena.

 

Further information:
Finnish Minerals Group takes part in financing of its subsidiary Terrafame’s battery chemicals plant (25 Oct, 2018)

Inquiries:
Matti Hietanen, CEO, Finnish Minerals Group, +358 40 823 8806, matti.hietanen(at)mineralsgroup.fi