Ukraine opens a key lithium deposit to private investors under the mineral deal with the US.

The Ukrainian government has taken the first practical step toward implementing agreements with the US on cooperation in critical raw materials. This entails preparations to open the Dobra lithium deposit in the Kirovohrad region to private investors.

The Dobra deposit, located near Dobrovelychkivka, is regarded as one of Ukraine’s most promising in terms of lithium reserves, a vital component for battery production. Approximately 1.2 million tons of lithium ore with an estimated Li2O content of 1.1-1.4% are concentrated in two areas – Stankuvate and Nadiya.

On June 16, the Cabinet of Ministers initiated the preparation of a tender, based on which it is planned to transfer the deposit’s development license to a foreign investor. This preparation will take several weeks, but the Ukrainian government may opt against opening a tender. Potential investors include TechMet, supported by the US State Department, as well as businessman Ronald Lauder, who has close connections with Trump.

Kyiv hopes that the project’s advancement will send a positive signal to Washington, especially amid stagnant peace initiatives and increasing US war fatigue.