The launch of the JORC-compliant resource estimation is the first fundamental step towards UMCC’s global future,” — Dmytri Kalandadze.:

UMCC has initiated an independent mineral resource assessment in line with the international JORC standard. The evaluation will be conducted by the reputable mining consultancy firm Micon International.

The corresponding agreement was signed on June 11 in Rome.

The project is being implemented with the support of UMCC’s strategic shareholder, NEQSOL Holding, which acquired the company in June 2025 through a transparent privatization process.

This step opens a new chapter in the company’s development, laying the foundation for large-scale modernization and strengthening the position of Ukraine’s titanium industry on the global stage. The assessment will cover UMCC’s key assets — the Vilnohirsk Mining and Metallurgical Plant and the Irshansk Mining and Processing Plant.

Yusif Jabbarov, Chairman of NEQSOL Holding:

“The acquisition of UMCC is a pivotal step in NEQSOL’s expansion into mining and raw materials and marks a new chapter of strategic growth for our Group. Our goal is to strengthen Ukrainian titanium’s presence globally while fully complying with international regulations and sanctions.”

Dmytri Kalandadze, Head of UMCC Titanium:

“UMCC has a unique legacy in the titanium industry. Launching the JORC-compliant assessment is the first fundamental step that enables us to plan investments with clarity, develop international partnerships, and strengthen the position of Ukrainian titanium raw materials on global markets. We are grateful to NEQSOL Holding for their strategic support and to Micon for their expertise and commitment.”

Liz de Clercq, CEO of Micon International (UK):

“With over 500 years of combined industry expertise, Micon is dedicated to delivering the highest standards in mineral resource evaluation. Conducting this assessment in Ukraine — a country demonstrating extraordinary resilience — is both a challenge and an honor.”

Thus, we are confidently moving towards modernization and integration into global production and logistics chains — guided by principles of sustainability, transparency, and strategic partnership.