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Who we are?

FinnCobalt Oy, a subsidiary of Eurobattery Minerals AB, specializes in the exploration and development of battery mineral resources. The company focuses on advancing the
Hautalampi Project, a significant initiative in eastern Finland aimed at producing responsibly sourced nickel, cobalt, and copper for the European battery supply chain.

Key Highlights:

  • Mining Plan: The project features a 12-year underground mining schedule with an annual mining rate of approximately 500,000 tonnes of ore.
  • On-Site Processing: Ore will be processed at a concentrator plant to be constructed on-site.
  • Production Estimates:
    • Nickel-Cobalt Concentrate: 11,400 tonnes of nickel and 2,900 tonnes of cobalt.
    • Copper Concentrate: 9,600 tonnes of copper.
    • The concentrates are of excellent quality with no harmful elements, based on comprehensive metallurgical testing.
  • Ore Reserves: The production schedule is based on proven and probable reserves of 4.6 Mt, with grades of Ni 0.28%, Cu 0.22%, and Co 0.08%.
  • Future Potential: An additional 4.7 Mt of mineral resources provides a significant opportunity for future development and mine life extension.

Hautalampi is strategically positioned to supply critical battery metals, aligning with sustainable and high-quality production standards.

FinnCobalt Oy focuses on exploring potential nickel (Ni), cobalt (Co), and copper (Cu) assets to support the growing demand for critical battery metals. Among its exploration areas, the Saramäki exploration area is particularly notable for its strong copper potential. This area complements the company’s broader strategy of identifying and developing high-quality battery metal resources.

Ambition statements

As part of the DeepBEAT project consortium, FinnCobalt is dedicated to supporting the development of groundbreaking technologies that utilize advanced geochemical methods to detect deep-seated deposits, such as the Saramäki deposit. This initiative aligns with the company’s vision of transforming the exploration sector by integrating cutting-edge and sustainable technologies.

Driving Europe Toward Climate-Neutral Solutions

FinnCobalt is deeply invested in pushing Europe toward a climate-neutral and socially responsible economy. The exploration of deep deposits will prioritize environmentally friendly, socially acceptable, and ultra-low impact methodologies. This approach aims to assure citizens that exploration can be conducted responsibly, fostering public trust and acceptance—critical for creating a more resilient and inclusive European society.

Key Objectives for Sustainable and Responsible Exploration

To enhance exploration activities and align them with sustainability goals, FinnCobalt is focused on:

  • Advancing Geochemical Methods: Developing innovative geochemistry techniques to identify deep-seated deposits effectively and with minimal environmental impact.
  • Interdisciplinary Approaches: Combining geophysics, geochemistry, and social sciences to create a holistic and sustainable exploration framework.
  • Public Engagement: Recognizing the critical role of public support by promoting awareness and engaging with scientists, exploration companies, and stakeholders in meaningful dialogue.
  • Resource Mapping: Providing tools to comprehensively map resources for future development.
  • Social Responsibility: Demonstrating that exploration activities can be sustainable, transparent, and beneficial for local communities.

Through these efforts, FinnCobalt aims to create substantial added value in the exploration sector, ensuring that activities are scientifically robust, socially responsible, and aligned with Europe’s sustainability objectives.

Technologies

FinnCobalt Oy is committed to advancing the exploration of critical battery metals such as nickel (Ni), cobalt (Co), and copper (Cu) to meet the rising demand for sustainable resources. The Saramäki exploration area, recognized for its substantial mineral potential, is a key focus of FinnCobalt’s strategy to develop high-quality, battery-grade resources.