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2h ago

Ukraine Confirms TechMet–Rock JV to Develop Dobra Lithium Deposit Under PSA

The government casts the pilot as a first step toward integration into Western critical‑minerals supply chains.

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Overview

  • Prime Minister Yuliia Svyrydenko named Dobra Lithium Holdings JV, LLC, owned by TechMet and The Rock Holdings, as the winner to develop the Dobra deposit in Kirovohrad region.
  • The pilot project is structured under a production sharing agreement, the first time Ukraine has selected a lithium developer via this mechanism.
  • The plan targets at least $179 million in investment, including $12 million for new geological exploration and an international audit, with $167 million for extraction and processing if commercial reserves are confirmed.
  • Officials emphasize that under the PSA the deposit remains state property, with investors operating in partnership with the government.
  • Media reports, including the New York Times, have linked the consortium to associates of President Donald Trump and noted the U.S. DFC as a major TechMet shareholder.