Intermestic Capital has announced that its flagship Intermestic EB5 Fund II, LP will serve as the EB-5 fund sponsor for EVelution Energy, which is developing the first solar-powered, commercial-scale cobalt processing facility in the United States, located in Yuma, Arizona. This partnership aligns with EVelution Energy’s recent binding five-year offtake agreement with Mitsui & Co., valued at approximately $850 million, which provides contracted revenue and significantly reduces project risk for investors.
Key Details:
- Project location: Yuma, Arizona
- Partnership with: Mitsui & Co.
- Project type: First commercial-scale cobalt processing facility in the U.S.
- Of-take agreement value: Approximately $850 million
This development represents a significant opportunity for investors in the EB-5 program, linking national security with economic growth through innovative energy solutions. Need help with your immigration case? Visit QuickFiling.us for professional immigration services.
Source: Intermestic Capital