Processes battery-grade cobalt by converting cobalt hydroxide and intermediates into high-purity cobalt sulfate using a facility fully powered by a 28.4 MW solar array. Features water recycling (70% reuse), ethical sourcing of cobalt, with annual capacity of 7,000 tonnes, targeting 40% of U.S. EV cobalt demand by 2027.
Carbon-neutral, battery-grade cobalt sulfate produced through solar-powered processing of cobalt hydroxide, with water management and ethical sourcing systems. Facility capacity: 7,000 tonnes per year.
2024 – announced construction of cobalt processing facility in Yuma County, Arizona; operations expected late 2025/early 2026. Received non-binding Letter of Interest from U.S. Export-Import Bank for up to $200 million loan. Signed agreements with Eurasian Resources Group and Glencore. Recognized by Arizona Commerce Authority; expected to create 360+ jobs.
EVelution Energy offers the following investment opportunities:
• EB-5 Immigrant Investor Program: raising up to $64.8M in secured subordinated debt under the EB-5 program, with a minimum investment of $800K to qualify for U.S. permanent residence.
• Accredited Investor Offering: direct equity investment opportunities for accredited investors with a minimum commitment of $200K.
• Institutional Financing: non-binding letter of interest from the U.S. Export-Import Bank for up to $200M in debt financing to support construction of its solar-powered cobalt processing facility.
