On October 2, 2026, it was announced that the Ukrainian-American Recovery Fund has signed its first deal in the mineral resources sector worth $30 million. This agreement is part of a broader strategy to invest in Ukraine's energy infrastructure.
Details of the Agreement
According to information provided by senior fund official Connor Coleman, since the start of its operations, the fund has concluded five agreements with a total value of approximately $70 million. The new deal involves investments in a joint platform with BGV Group, a company founded by Ukrainian billionaire Gennady Butkevich.
Investment Directions
The joint investment platform will finance the development of deposits of the following minerals:
- rare earth elements
- uranium
- beryllium
- zirconium
Additionally, the fund plans to implement two new projects aimed at strengthening Ukraine's energy infrastructure in preparation for the winter season.
History of Cooperation
The agreement regarding Ukrainian resources was signed between Ukraine and the USA on April 30, 2025. The document stipulates the creation of a joint investment fund with an equal participation distribution of 50/50. From the Ukrainian side, the agreement was ratified by the Verkhovna Rada and signed by President Volodymyr Zelensky.