EVelution Energy Confirms Substantial Groundwater Resources for First Commercial-scale Cobalt Processing Facility in the U.S.
EVelution Energy LLC ("EVelution Energy"), a U.S. critical minerals company developing the first solar-powered commercial-scale cobalt metal and cobalt sulfate processing facility in the United States, today announced the confirmation of substantial groundwater resources sufficient to support the planned operating requirements of its proposed facility in Yuma County, Arizona.
Arizona Nominates EVelution Energy's Yuma Cobalt Site for Opportunity Zone 2.0 Rural Designation
EVelution Energy LLC ("EVelution Energy"), a U.S. critical minerals company developing America's first commercial-scale, solar-powered cobalt metal and cobalt sulfate processing facility, today announced that Arizona Governor Katie Hobbs has nominated the Yuma County census tract encompassing the Company's planned $450 million facility for successor designation as a Rural Qualified Opportunity Zone under the federal Opportunity Zone 2.0 ("OZ 2.0") program.
EVelution Energy Advances America's First Solar-Powered Commercial-Scale Cobalt Processing Facility with Start of Solar Construction
EVelution Energy LLC (“EVelution Energy”), a U.S. critical minerals company developing the first commercial-scale, solar-powered cobalt metal and cobalt sulfate processing facility in the United States, today announced the start of construction of the 28-megawatt (MW) solar facility that will power its planned cobalt processing operations in Yuma County, Arizona.
EVelution Energy Receives Letter of Interest From Finnvera for up to US$70 Million in Export Credit Support for U.S. Cobalt Processing Facility
EVelution Energy LLC ("EVelution Energy"), a U.S. critical minerals company developing the first solar-powered commercial-scale cobalt sulfate and cobalt metal processing facility in the United States, is pleased to announce that Finnvera plc (“Finnvera”), the official Export Credit Agency of Finland, has issued a non-binding Letter of Interest (“LOI”) indicating its willingness to support up to approximately US$70 million in export credit financing and/or guarantees associated with the procurement of Finnish equipment and services for EVelution Energy’s processing facility currently under development in Yuma County, Arizona.
EVelution Energy Secures $850 million Cobalt Offtake Agreement with Mitsui, Advancing U.S. and Allied Critical Minerals Independence
EVelution Energy LLC (“EVelution Energy” or the “Company”), a U.S. critical minerals company developing the first commercial-scale cobalt metal and cobalt sulfate processing facility in the United States, today announced the signing of a binding long-term offtake agreement with Mitsui & Co., Ltd. (“Mitsui”; Head Office: Tokyo; President and CEO: Kenichi Hori), valued at approximately $850 million over the five-year term of the agreement (based on current market prices).
