Polar Lithium, which is a joint venture between Rosatom and Nornickel, submitted an application for an auction for the right to use the Kolmozerskoye lithium deposit in the Murmansk Region. In addition, the Arctic Lithium Company has applied for the Polmostundrovskoye lithium deposit, also located in the Murmansk Region. Only the Kolmozerskoye deposit contains almost 19% of all lithium reserves in Russia. Starting price for the two objects is ₽2.18 billion.