Ukrainian titanium raw material producer Velta is developing a strategy to enter one of the world’s major stock exchanges – the American NASDAQ. This step is considered the next stage after completing the deal with the Australian company, European Lithium Limited. This was announced by Velta CEO Andriy Brodsky.
The company is currently undergoing a detailed independent due diligence of the investment object. This process began at the end of January, immediately after signing a preliminary share exchange agreement with Australian partners.
The main goal of the listing (entry into the stock exchange) is to attract significant capital. These funds are needed to implement an ambitious investment plan: the construction of a plant to produce titanium metal using its patented Velta Ti Process technology.
