Velta Holding announces the signing of a binding agreement with European Lithium Limited (ASX: EUR), a publicly listed company on the Australian Securities Exchange, regarding strategic cooperation and a share exchange.
Subject to the completion of customary due diligence and closing conditions, Velta Holding will join the European Lithium group under the terms of the share exchange agreement.
Through this transaction, Velta Holding becomes part of a group with aligned strategic objectives focused on the extraction and processing of critical materials, as well as the construction of a facility in the United States for the production of finished titanium products.
Velta Holding’s management team, including CEO Andriy Brodskyi, will continue to lead the company and remain responsible for the development of projects in Ukraine and the United States. Funding will also be directed toward stabilizing operations at the operating Byrzulivske Mining and Processing Complex. Production processes and export contracts remain unchanged.
The partnership creates an opportunity to accelerate the implementation of industrial projects that the company has been developing over the past several years, including the CRM Cluster in the Kirovohrad region of Ukraine and a U.S.-based project designed as a fully integrated production model – from titanium raw material extraction and associated critical materials to the production of metallic titanium, powders, and high-value finished components.
“For Velta Holding, the agreement with European Lithium provides an opportunity to launch a number of projects in Ukraine and the United States that the Group has been preparing for more than 10 years, while preserving our management and team. This represents both horizontal and vertical integration and completes our transition from a raw-material model to the production of metallic titanium and high-value critical materials. For Ukraine, this means investment, jobs, and new technologies. For Europe and the United States, it means reliable and transparent critical material supply chains. The partnership with European Lithium strengthens our ability to integrate Ukrainian resources into Western value chains and operate under international standards of governance and transparency,” said Andriy Brodskyi, CEO of Velta Holding.
The agreement предусматриes completion of standard due diligence procedures and fulfillment of closing conditions. Upon completion, the parties will proceed with the implementation of a joint investment program, including the development of production capacities and further strengthening of the company’s financial sustainability.
“The partnership with Velta Holding represents an important step in expanding European Lithium’s presence in the critical and strategic minerals market. Titanium is essential for aerospace, defense, medical, and industrial applications, and Velta Holding’s Ukrainian assets and technical capabilities provide European Lithium with a compelling growth platform. We believe this transaction adds strategic value to our core lithium operations and enhances long-term shareholder returns,” said Tony Sage, Executive Chairman of European Lithium.
About European Lithium
European Lithium Limited (ASX: EUR) is an international mining company focused on lithium and other critical mineral projects in Europe and globally. The company is advancing lithium assets in Austria, Ukraine, and Ireland, as well as additional projects in Australia and Greenland. European Lithium’s strategy is aimed at building independent critical material supply chains for European and transatlantic markets.