TechMet to add to portfolio, fears Europe losing battle for critical minerals
Update: 2025-11-03
Description
TechMet, a U.S.-backed investment group, is considering bidding on a major lithium deposit in Ukraine, aiming to strengthen its position in the critical minerals market. The company recently raised $300 million and is reopening fundraising, expecting a higher amount within three to five weeks. TechMet's CEO, Brian Menell, expressed concerns about Europe's progress in the critical minerals sector, citing bureaucracy and lack of political resolve as obstacles.
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