US-Ukrainian Fund Unveils First Critical Minerals Deal
- The joint US-Ukrainian reconstruction investment fund sealed its first critical minerals deal alongside four other new projects, injecting roughly US$30 million into a joint investment platform with BGV Group, founded by billionaire Hennadii Butkevych.
- President Donald Trump pushed for the minerals pact signed in April 2025, establishing a fund focused on five strategic sectors including minerals, defence, energy and infrastructure. Projects now total around US$70 million, showing Washington's support for Kyiv in the long-running war with Russia.
- The minerals deal will initially focus on early-stage mining projects targeting rare earths, uranium, beryllium and zirconium—all on the US critical minerals list—while a separate DFC loan of near US$100 million to DTEK will provide battery backup power to approximately 600,000 Ukrainian homes.
- Two of the five newly announced projects aim to shore up Ukraine's power and heating networks following Russian attacks on key infrastructure, with the fund taking an equity stake in energy hubs designed to restore damaged electricity and heat supplies.
- Conor Coleman, head of investments at the DFC, said the fund is seeking additional capital to expand its reconstruction capacity, noting projects include contingency access to funds if damages arise from ongoing Russian military operations.
45 Articles
45 Articles
The United States-Ukraine Joint Investment Fund, established on the initiative of Trump, has entered into the first deal under the mining agreement, with plans to develop uranium, beryllium, zirconium and rare earth elements under the agreement.
The US-Ukraine Investment Fund entered into the first critical minerals deal, reporting to Reuters with reference to Conor Coleman, the Investment Manager of the American Development Corporation (IDFC).
The Joint Investment Fund for the Reconstruction of Ukraine and the United States has concluded its first deal in the sector of critical minerals. The agreement will attract about $ 30 million to a joint investment platform, Reuters reported, citing Connor Coleman, head of the investment department of the US Corporation for International Finance Development. The fund has also announced four more new projects. The total volume of its projects is …
The subsoil agreement moves from negotiation to real investment. The US and Ukraine have concluded the first agreement on critical minerals.
The Fund will acquire a share in the capital of the cogeneration platform for heat and power generation.
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