Ukrainian investment company BGV Group Management, Finnish technology company Metso, and the official export credit agency of Finland, Finnvera, have signed a Memorandum of Understanding (MoU) to jointly advance critical minerals projects in Ukraine. 

The agreement establishes a framework for exploring opportunities to develop projects in the critical raw materials sector, particularly graphite and associated minerals – resources that are playing an increasingly important role in strengthening economic security, supporting high-tech industries, and building resilient supply chains across Europe. 

The Memorandum envisages cooperation across the entire value chain from resource assessment and mining to mineral processing and the integration of end products into European and global markets. The parties will also explore opportunities for knowledge sharing, financing solutions, and partnership mechanisms to support the implementation of promising projects. 

“European markets are seeking reliable sources of critical raw materials, and Ukraine has the potential to become a key supplier. Our group alone holds six special subsoil-use permits for critical minerals and is actively developing projects that could position Ukraine among the leading suppliers in selected segments. At the same time, the real value lies not only in the resources themselves, but in the creation of modern industrial facilities and new value chains. This is precisely what our cooperation with Metso and Finnvera aims to achieve,” said Oleksandr Naumyk, Head of the Board of BGV Group Management. 

The signing ceremony took place during the Ukraine Recovery Conference 2026 in Gdańsk. The parties noted that Ukraine’s reconstruction and long-term economic resilience require active international cooperation, strong industrial partnerships, and investment in strategically important sectors of the economy. 

About the Parties 

BGV Group Management is a Ukrainian investment company founded in 2015 by entrepreneur Gennadii Butkevych, co-owner of the ATB Corporation. The Group invests in the extraction and processing of critical minerals, energy, real estate development, construction materials manufacturing, retail, education, and sports. 

Metso is one of the world’s leading providers of technologies and equipment for the mining, aggregates, and minerals processing industries. 

Finnvera is Finland’s official export credit agency and a state-owned specialized financing company that supports the international operations of Finnish companies and the implementation of strategic investment projects.