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Sibanye-Stillwater (SBSW) mentioned Thursday it’ll train its pre-emptive proper to extend its shareholding in Finnish lithium agency Keliber to 50% plus one share at a price of €146M ($152.4M), Reuters experiences.
Sibanye (SBSW) additionally will provide to purchase minority shareholders out to spice up its stake above 80%, which might entail a most attainable total value of €446M.
Keliber goals to be the primary fully-integrated lithium producer in Europe, concentrating on first manufacturing in 2024 and ramping as much as produce ~15K metric tons/yr of lithium hydroxide.
Keliber mentioned the financing from Sibanye (SBSW) will enable it to begin development in the summertime and to position orders for tools upon receipt of required environmental permits.
Looking for Alpha contributor JR Analysis views Sibanye-Stillwater (SBSW) as a Speculative Purchase in a not too long ago printed evaluation.
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