Headlines
Ukraine launches tender for lithium deposit site in Kirovohrad region, PM says
Published by Global Banking & Finance Review®
Posted on August 27, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 27, 2025
2 min readLast updated: January 22, 2026
Ukraine opens a tender for lithium mining in Kirovohrad, aiming to attract US investment and develop strategic energy resources.
KYIV (Reuters) -Ukraine has launched a tender for the right to mine a lithium deposit site in its central Kirovohrad region, Prime Minister Yulia Svyrydenko said on Wednesday.
The tender for the "Dobra" site is expected to be the first project in a joint investment fund with the United States that was signed in April as part of Kyiv's efforts to keep Washington onside in its war against invading Russian forces.
The deal, heavily promoted by U.S. President Donald Trump, gives the U.S. preferential access to new Ukrainian minerals deals and fund investment in Ukraine's reconstruction.
"The site contains significant reserves of lithium, which is of strategic importance for energy and technology," Svyrydenko wrote on the Telegram app.
"We are looking for an investor who will ensure not only extraction, but also the development of value-added production in Ukraine."
She said an official announcement would be published in the next two months, followed by three months of accepting bids, and then a decision to determine the winner.
(Reporting by Yuliia Dysa and Max Hunder. Editing by Toby Chopra and Mark Potter)
Lithium is a chemical element that is highly valued for its use in rechargeable batteries, particularly for electric vehicles and portable electronics.
A tender in mining is a formal invitation to bid for the rights to explore or extract minerals from a specific site.
A joint investment fund is a financial arrangement where multiple investors pool their resources to invest in projects or assets, sharing the risks and returns.
Value-added production refers to the process of increasing the worth of a product by enhancing its features or benefits, often through manufacturing or processing.
Strategic importance in mining refers to the value of certain minerals or resources that are critical for national security, economic growth, or technological advancement.
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