https://usimmigration.today/tags/cobalt/Recent content in Cobalt on US Immigration, Explained DailyHugoen-USWed, 29 Apr 2026 00:00:00 +0000https://usimmigration.today/news/intermestic-eb5-fund-partners-with-evelution-energy-for-cobalt-facility/Wed, 29 Apr 2026 00:00:00 +0000https://usimmigration.today/news/intermestic-eb5-fund-partners-with-evelution-energy-for-cobalt-facility/<p>Intermestic Capital announced today 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 significant announcement coincides with EVelution Energy&rsquo;s binding five-year offtake agreement with Mitsui &amp; Co., valued at approximately $850 million.</p> <p><strong>Key Details:</strong></p> <ul> <li>Project location: Yuma, Arizona</li> <li>Ofake agreement value: Approximately $850 million</li> <li>Fund sponsor: Intermestic EB5 Fund II, LP</li> <li>Project significance: Aims to reduce U.S. dependence on cobalt imports from China</li> </ul> <p>This initiative is expected to create economic opportunities and enhance national security by establishing a domestic source for cobalt, a critical component in various technologies.</p>