“Outokumpu has a proud mining heritage, and the Hautalampi project represents a modern continuation of that tradition. This zoning proposal supports local vitality and economic development, while also reflecting a strong commitment to environmentally responsible and sustainable mining,” says Päivi Lintumäki, Mayor of the City of Outokumpu.

This week, the City Board of Outokumpu reviewed the detailed zoning plan for the Hautalampi battery mineral project, owned by the Company’s wholly owned subsidiary, FinnCobalt Oy. The zoning proposal covers a total of 309 hectares, including 277 hectares within the legally approved mining concession area. The plan has already passed earlier procedural stages, including public consultation and stakeholder review, and now progresses toward final approval.

“The City Board’s zoning proposal is more than a step forward—it represents strong support from the City of Outokumpu for the Hautalampi battery mineral project. While this zoning process will ultimately deliver us the building permits, it also provides a clear foundation for future mining operations in line with Finland’s updated Mining Act. Even though our current permit falls under the previous legislation, we fully welcome the transparency and structure this process brings,” says Ilari Kinnunen, Managing Director of FinnCobalt.

The zoning proposal has been submitted to the Outokumpu City Council for final approval.