Baker McKenzie Advises Dobra Lithium Holdings JV on Participation in Ukraine’s First Metallic Minerals PSA Tender

Baker McKenzie advised Dobra Lithium Holdings JV, LLC (headquartered in Delaware, United States) (“Dobra”) — a joint venture company co owned by RSL Group and TechMet Ltd. — on the structuring of its participation in, and preparation of the application for the tender for conclusion of the Dobra Block production sharing agreement (PSA).

The pilot project for mineral resource development — the Dobra lithium deposit located in the Kirovohrad region, Ukraine — became the first case in Ukraine where a winner of a tender for the development of a metallic deposit was selected under the PSA mechanism.

The Dobra Block PSA is expected to be the groundbreaking project under the framework of the US-Ukraine Reconstruction Investment Fund Agreement and stimulate large-scale investment into Ukraine’s growing critical minerals sector. The Dobra PSA project represents the first step in Ukraine’s ambitious national strategy, which aims to integrate the country into the supply chains of strategic international partners.