KKMP advises Norilsk Nickel on a joint venture with Rosatom to develop Russia's largest lithium deposit
A team of KKMP lawyers including Partner Maxim Kuleshov and Senior Associate Tamara Kulyk have advised Norilsk Nickel on its establishment of a joint venture with the Mining Division of Rosatom State Corporation. For the purposes of the joint venture, a new legal entity, Polar Lithium LLC, has been incorporated.

On February 8, 2023, it was announced that Polar Lithium has been awarded the right to operate Russia's largest lithium deposit, the Kolmozerskoye deposit in Murmansk Region. The deposit is expected to yield 45 000 tons of lithium carbonate and lithium hydroxide per year. These minerals are used in the production of rechargeable batteries.

More detailed information can be found in Norilsk Nickel's press release.

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