Location
Regionally, the Polokhivske deposit is located in the central part of Ukraine (Kirovograd region) in an industrialized area in close proximity to railway and motor roads.
ULM’s favorable geographic location will make the company an attractive lithium supplier to the EU battery-chain players – at the lower end of the transportation cost curve.
Partnership & cooperation
Latest news
Tesla – Made in Ukraine. Who will be the first to start mining lithium in Ukraine?
Ukraine is considered a potential supplier of lithium, graphite, and other minerals for electric vehicle batteries. However, mining and ore enrichment are expensive prospects. Merely preparing for the construction of extraction and enrichment facilities will cost $10-30 million.
June 06, 2023
Will Ukraine help the European Union win the lithium race?
It is expected that in the near future, the EU will consume a quarter of the world's lithium while being able to produce only 4% of the raw material. Recycling lithium from old batteries will cover only 15% of the demand in the long term.
June 02, 2023
From the mine to the electric car: Why lithium extraction in Ukraine is just the first step towards producing Tesla
European, American, and Asian companies are announcing deals and investments in the lithium market worth billions of US dollars almost every month. Whenever such news emerges, Ukraine is reminded that it also possesses huge lithium deposits and is seemingly destined for success in this domain, even to the extent of creating its own "Tesla". According to most estimates, demand for lithium will continue to exceed supply for at least the next 5-10 years. It is during this time that dozens of new battery production factories will start operating in Europe, becoming major consumers of lithium materials.
May 30, 2023