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).
