from Sputnik News:
The Russian MoD released footage Saturday showing Russian troops raising the flag over the DPR town of Shevchenko after a series of hard-fought battles. The strategic town’s liberation is devastating news for European industrialists looking for an easy euro in post-2014 coup Ukraine. Here’s why.
The Shevchenko Lithium Ore Field is laden with an estimated 13.8 million tons of lithium ores with a pure lithium oxide content of up to 207,000 tons, according to a 2018 Ukrainian State Geology and Subsoil Service study.
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The deposit is the largest not only in Ukraine, but all of Europe. Besides lithium, the field also contains tantalum, niobium and beryl.
Australian-registered, British businessman-owned mining company European Lithium announced in late 2021 that it was in the process of “securing” the Shevchenko field for itself.
In January 2024, the company said that had been granted a 20-year special mining permit for the site, with work to begin upon the approval of shareholders.
