Ukrainian Titanium Company Velta Secures $2M Pre-Export Financing from U.S.-Based Traxys
Summary
The funding will be used to support the reconstruction and overhaul of Veltas mining and processing facility at the Birzulivske titanium deposit in Ukraines Kirovohrad region, the company announced.Velta Holding is the only private Ukrainian company to have built a titanium mining and beneficiation complex from scratch. Through its long-standing partnership with Traxys, the company has firmly established itself on the U.S. market, becoming a key supplier of titanium feedstock to one of North Americas leading producers of titanium dioxide.Veltas President Andriy Brodskyy emphasized that the financing is not only a development tool but also a clear signal of international trust in Ukrainian companies.In 2020, Velta and Traxys signed a five-year, $100 million supply contract, which has since been successfully fulfilled.Traxys Group operates in over 20 countries and is a global leader in commodity trading across the metals and minerals sector.