Active fighting is still taking place around the village of Shevchenko in Donetsk Oblast, home to one of Ukraine's largest lithium deposits, a spokesperson for Ukraine's Khortytsia group of forces told the Kyiv Independent on June 27, denying reports Russia had occupied the village.

Earlier on June 26, Russia'a Defense Ministry said it had captured Shevchenko along with another other small settlements in the Velyka Novosilka region of the oblast, as Russian troops continue to push along all areas of the front line.

The spokesperson said that while Russian forces had pushed out Ukrainian soldiers on June 26, the situation is constantly evolving and subject to change several times a day.

"This is one of the two most intense directions right now," Viktor Trehubov, the spokesperson, told the Kyiv Independent.

According to the Ukrainian Geological Survey, the Shevchenkivske deposit covers nearly 40 hectares (98 acres) on the eastern outskirts of Shevchenko. Exact data on the Shevchenkivske deposit's lithium reserves are classified, but it's considered one of the most promising.

The deposit's main reserves consist of lithium ores, but it also contains other rare elements such as rubidium, cesium, tantalum, niobium, beryllium, and tin.

Ukraine is home to 20 of the world's critical minerals and metals like titanium used in the aerospace and defense industries and lithium, an essential component of electric vehicle batteries.

The U.S.-Ukraine minerals deal, signed April 30, specifically mentions lithium as one of the mineral resources that both parties could profit from extracting.

Despite the deposit's relatively small size, it could be operated by a single mine, which could make extraction more efficient, according to a Ukrainian Geological Survey data.

The survey classifies the deposit in the highest complexity category of three possible levels, which could complicate development.

According to KSE, Ukraine holds one-third of the European Union's lithium reserves and approximately 3% of global lithium reserves.

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The Kyiv IndependentChris York

More than a month after Ukraine signed a landmark agreement granting the United States a stake in its mineral reserves, Kyiv has approved initial steps to open one of its largest lithium deposits to private investors, the New York Times (NYT) reported, citing two government officials.

On June 16, the Ukrainian government agreed to begin drafting recommendations for a bidding process to develop the Dobra lithium field in central Ukraine. According to the officials, who spoke to NYT on condition of anonymity, this would be the first project advanced under the U.S.-Ukraine minerals deal.

The Dobra lithium ore site is located in the Novoukrainskyi district of Kirovohrad Oblast, rougly 300 kilometers southeast of Kyiv.

The deal, signed by President Volodymyr Zelensky on May 12, is aimed at deepening economic ties, boosting Ukraine's reconstruction, and positioning the country as a supplier of strategic resources to the U.S.

Among the likely bidders for the Dobra field is a consortium including TechMet, an energy investment firm partly owned by the U.S. government, and billionaire Ronald S. Lauder, a close associate of the U.S. President Donald Trump. The group has long expressed interest in the Dobra site and encouraged Zelensky to open it to bids last year.

Under the broader agreement, half of the revenues from mineral extraction would go to a joint U.S.-Ukraine investment fund. While the Ukrainian government would reinvest its share into the domestic economy, the United States would claim a portion of the profits — a structure Mr. Trump has framed as partial repayment for U.S. assistance to Ukraine.

TechMet CEO Brian Menell said investors were pushing for production-sharing agreements, which offer long-term stability and tax incentives. Monday’s step toward opening the Dobra field is based on such an arrangement, according to the outlet.

Ukraine war latest: Russia ramps up its summer offensive in several directions, seeks to encircle Kostiantynivka

Key developments on June 16: * Russia ramps up its summer offensive in several directions, Ukraine’s military says * Ukraine receives 1,245 bodies of fallen soldiers and citizens, concluding Istanbul repatriation deal * ‘Russians lie about everything’ — Ukraine hits out at Kremlin claims after yet another drone strike on Kyiv * Russia to

The Kyiv IndependentThe Kyiv Independent news desk