KYIV, Dec 9 – Velta Group, operating titanium ore extraction assets in Novomyrhorod (Kirovohrad region), is hopeful for $60 million in funding from EXIM Bank USA. CEO and co-owner Andriy Brodsky shared on Facebook a letter addressed to Velta Holding US from EXIM Bank USA indicating its intent to provide a loan under the "China and Transformational Export Programs."

According to Brodsky, the letter reflects the bank's readiness to fund Velta's U.S. factory construction project with up to $60 million as part of a government program. He noted that the initiative offers competitive financing to help U.S. companies counter China's global influence and secure leadership in critical sectors, including titanium production.