Ukraine has approved a list of subsoil resources to be auctioned, enabling contributions to the joint investment fund with the US.

The Cabinet of Ministers of Ukraine has approved a list of critical and strategic minerals and identified more than 80 subsoil sites slated for auctions and competitions as part of the Ukrainian-American mineral agreement, according to the Ministry of Environment.

The list of strategic minerals includes aluminum, beryllium, copper, nickel, niobium, strontium, tantalum, titanium, uranium, zirconium, and fluorite ores. Overall, the list of critical materials now encompasses 28 minerals. The government plans to auction over 80 sites: 60 through electronic auctions and 26 via competitions under production sharing agreements.

“The approved document is the foundation for launching the Ukrainian market of strategic and critical raw materials, and accordingly, filling the US-Ukrainian investment fund”, stated Svitlana Hrynchuk, Minister of Ecology.

Additionally, the US International Development Finance Corporation (DFC) has issued a request for information to identify the company that will manage the US-Ukraine Reconstruction Investment Fund. This request marks the initial phase in selecting a qualified partner and does not constitute an official tender.