Ukrainian titanium producer Velta is considering a potential NASDAQ listing as part of Australian-listed European Lithium Limited, operating as a separate unit within the group. This was announced by Velta CEO Andriy Brodsky in an interview with Forbes Ukraine during the Business Breakfast program hosted by Volodymyr Fedorin.
According to Brodsky, after signing a share exchange agreement with European Lithium at the end of January, the company initiated a due diligence process. Upon completion of due diligence and closing of the transaction, the partners will be able to decide on listing Velta on NASDAQ.
“It is possible that together with our partners we will decide to spin off Velta and list it on NASDAQ as a separate unit within European Lithium,” Brodsky said, clarifying that the potential listing would be on NASDAQ rather than the Australian Securities Exchange.
The company’s strategic objective, according to the CEO, is to become public. “I have always wanted to be part of the global financial system,” Brodsky added.
A NASDAQ listing is being рассматриated as a mechanism to raise capital for large-scale investment plans, including the construction of a titanium metal production plant based on the company’s proprietary Velta Ti Process technology.
A final decision on the listing will be made after all legal and financial procedures related to the agreement with European Lithium are completed.
On January 27, 2026, European Lithium Limited signed an agreement to acquire 100% of Velta Titanium Holding, owned by Andriy Brodsky. The Ukrainian company holds special licenses for the development of the Byrzulivske and Likarivske ilmenite ore deposits in the Kirovohrad region and accounts for approximately 2% of the global titanium market.
Under the terms of the transaction, the parties will exchange shares: Velta’s shareholders will receive approximately 173 million shares in European Lithium, representing around 10% of the company’s capital after issuance. Velta will retain its management structure, team, and CEO Andriy Brodsky within the group.
European Lithium is currently listed on the Australian Securities Exchange (ASX), while its affiliated entity Critical Metals Corp (CRML) trades on NASDAQ. Over the past year, CRML’s market capitalization on NASDAQ has more than tripled, reaching nearly $1.9 billion as of January 26, 2026.
Velta was set to become European Lithium’s second acquisition in Ukraine. The group is also seeking to initiate lithium extraction at the Dobra deposit in the Kirovohrad region; however, the license for the site remains subject to legal disputes. In January 2026, the government announced an international consortium comprising TechMet and The Rock Holdings as the winner of the tender to develop the Dobra deposit.
