Press Release Archive


Mustavaaran Kaivos raises 9.7 M€ to complete final studies on a new vanadium plant at Raahe

Mustavaaran Kaivos Oy (MKOy) is pleased to announce an arrangement of 9.7 M€ funding for the completion of a bankable feasibility study on its vanadium plant project. The funding has been made possible through contributions by local investor Osuuskunta PPO and Tesi (Finnish Industry Investment Ltd), as well as existing main shareholders of MKOy, being Tamares Mining Group B.V., Akkerman Exploration B.V. and Ilmarinen Mutual Pension Insurance Company. Read more »


Decision to build a vanadium plant at Raahe one step closer

Mustavaaran Kaivos Oy (MKOy) is now entering the feasibility study stage; the decision to build a new vanadium plant at the port of Raahe is scheduled for end 2016. Read more »


Tekes grants loan to Mustavaara Clean Slag Project

The Finnish Funding Agency for Innovation (Tekes) has granted a EUR 3.5 million loan to Mustavaaran Kaivos Oy (MKOy). Read more »


Mustavaara moves forward

The company has entered into a Letter of Intent with SSAB Merox Read more »


Raahe port preferred site for Mustavaara smelting plant

Financing incomplete Read more »


Financing for Mustavaara

Mustavaaran Kaivos Oy (MKOy) is pleased to announce it has raised an initial part of the financing needed (€ 15 million in total) to complete the feasibility study on its Mustavaara vanadium-iron project. Read more »