Revitalisation of the Outokumpu Mining Camp
Aiming to produce Responsible and Traceable
chemicals for the battery industry
FinnCobalt Oy (formerly Vulcan Hautalampi Oy) is a private Finnish company, which owns the ground and all mining rights of the Hautalampi Cobalt-Nickel-Copper Mine project. The Hautalampi Mine project is located in Outokumpu town and has been previously known as the Cobalt-Nickel parallel of the historic Outokumpu (Keretti) Copper mine. Outokumpu Oyj developed the Hautalampi Mine from 1985 to 1986: 11 kilometres of diamond drilling, a boxcut, 2.1 kilometres of drifting, including the decline and the ventilation rise, was done but the project was ceased due to a sudden collapse of the cobalt price. The project was further developed between 2007 and 2009 by drilling an additional 10 kilometres and preparing a complete Feasibility Study.
The recent development includes core drilling for metallurgical sampling 2017-2018, which was followed by the flotation test work by GTK Mintec laboratories. Commercial grade Cu- and Ni-Co-concentrates were produced. Further Ni-Co-concentrate leaching test work aiming for battery chemicals production was done by Outotec Oyj. All test work succeeded well and confirmed that Hautalampi mineralisation is suitable for battery chemicals production.
FinnCobalt Oy has completed some 9300 meters during years 2020-2021. Based on this and earlier drilling (total some 86 500 meters) AFRY Finland Oy has prepared an updated mineral resource estimate of the project.
The deposit has an Environmental Permit for underground mining in force. Autumn 2020 the company decided to commence a totally new Environmental Impact Assessment for the project including underground mining and on-site ore processing. Mining Concession proceedings were completed in October 2022.
FinnCobalt Oy is owned by Alandra Oy (20%), Kiviralli Oy (20%), Tetra Ekberg Oy (20%) and Eurobattery Minerals AB (40%). Eurobattery Minerals has informed, that it plans to acquire the remaining 60% of FinnCobalt Oy during the first half of 2023.
Press release 20 march, 2023:
Strong economic outlook for Hautalampi mine according to pre-feasibility study
Eurobattery Minerals publishes prospectus and invites to investor meeting (5.12.2022)
Eurobattery Minerals strengthens Finnish Hautalampi team with new experienced Managing Director (25.11.2022)
Eurobattery Minerals receives the final verdict of the Hautalampi mining concession proceeding (16.11.2022)
Eurobattery Minerals: Full report on Hautalampi available – almost 40% increase in the contained metals confirmed (18.10.2022)
Eurobattery Minerals: Almost 40% increase in the contained metals in the Finnish Hautalampi Ni-Co-Cu mine project (29.9.2022)
Update on the Hautalampi Environmental Impact Assessment process (26.9.2022)
Eurobattery Minerals completes 40% stake acquisition of Finnish Hautalampi battery mineral mine project and directed share issue (1.7.2022)
Significant stake acquisition: Eurobattery Minerals purchases 40% of Finnish Hautalampi battery mineral mine project (31.5.2022)
Eurobattery Minerals completes another step towards realization of Finnish battery mineral project Hautalampi: Environmental Impact Assessment Report submitted (24.5.2022)
Core drilling results indicates a connection between the resource areas in Hautalampi, Finland (31.3.2022)
Eurobattery Minerals expands operations in Finland (8.2.2022)
Eurobattery Minerals: On-schedule completion of drilling campaigns in Finland and Spain (28.12.2021)
Eurobattery Minerals project in Finland joins government-funded sustainability project (22.11.2021)
New drilling campaign starts at Eurobattery Minerals Finnish battery mineral project (14.10.2021)
Mineral resource report from Hautalampi project in Finland available (6.7.2021)
Maiden mineral resource from Hautalampi project in Finland estimates 100 % resource upside (21.6.2021)
Eurobattery Minerals Finnish project joins government funded battery metals recycle project (9.6.2021)
New mineral resource calculation underway in Hautalampi, Finland (7.4.2021)
Resource upside at Hautalampi-project in Finland (25.1.2021)
Finnish Hautalampi project awarded a 6.4 MSEK development grant (16.12.2020)
FinnCobalt Oy’s Hautalampi mine development project Environmental Impact Assessment (“EIA”) Programme published and submitted (14.12.2020)
Assays confirm resource expansion at the Hautalampi project, Finland (30.11.2020)
New granted reservation permit for exploration in Finland (14.10.2020)
High grade cobalt and nickel at Hautalampi project in Finland (13.10.2020)
Hautalampi project environmental impact assessment procedure commenced (17.8.2020)
Drilling to commence at the Hautalampi project, Finland (9.7.2020)
Eurobattery Minerals closes the investment and shareholders agreement regarding the option to acquire the Hautalampi Nickel-Cobalt-Copper mine (27.5.2020)
Eurobattery Minerals signs investment agreement with option to acquire the Hautalampi nickel-cobalt-copper mine (11.5.2020)
Business ID 2300988-4
Address: Asevelitie 1