Long-term supply agreement with Betolar for tailings from the Otanmäki mine area
Otanmäki Mine has entered into a long-term supply agreement with Betolar covering tailings from the Otanmäki mine area. The agreement grants Betolar exclusive rights to procure and further process approximately 10 million tonnes of titanium-bearing tailings from the area over a period of twenty years. Titanium and vanadium processed from the tailings are key critical […]
Otanmäki Mine has signed a Memorandum of Understanding with Traxys North America LLC
Otanmäki Mine Oy has signed a Memorandum of Understanding (MOU) with Traxys North America LLC. According to the MOU, Traxys has the exclusive right to market and trade metal concentrates produced by Otanmäki Mine’s mining operations. The aim is to conclude the final marketing/off take agreement before the end of 2022. The most significant item […]
Passive Seismic Survey in Otanmäki
Otanmäki Mine has carried out a passive seismic survey in Otanmäki in cooperation with the University of Oulu. A total of 500 geophones were installed in two NW-SE direct lines across the Otanmäki gabbro intrusion. In addition, 44 geophones were installed in a circular line around Otanmäki. The aim of passive seismic measurement is to […]