The U.S.-Ukraine Reconstruction Investment Fund approved new investments spanning critical minerals, distributed energy and battery storage, advancing the fund’s effort to strengthen supply chains and support Ukraine’s economic recovery. URIF will establish a joint platform with BGV Group Management to develop early-stage mining projects involving rare earths, uranium, beryllium and zirconium. It will also take an equity stake in a distributed combined heat and power platform intended to restore electricity and heating for thousands of households, and provide debt financing for DTEK’s operational 200 MW/400 MWh battery storage system across six Ukrainian sites. The system can supply electricity equivalent to about 600,000 homes for two hours and uses American energy technology. The approvals came one year after the fund established its initial capital base and launched operations, following its first investment in emerging-technology company Sine Engineering in March. URIF said it is designed to mobilize U.S., Ukrainian and aligned private capital for reconstruction, supply-chain resilience and shared economic security. Earlier reporting had put the minerals platform’s value at roughly US$30 million and the fund’s total commitments at about US$70 million across six projects.