Press Releases
Evelution energy receives letter of interest from finnvera for up tous$70 million in export credit support for u.s. cobalt processing facility
Yuma, Arizona, May 28, 2026 – 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...
Entreprise Générale du Cobalt, EVelution Energy and Trafigura sign MOU to establish direct U.S.–DRC cobalt supply chain
Madrid, Spain, 13 May 2026 — Entreprise Générale du Cobalt (“EGC”), EVelution Energy LLC (“EVelution Energy”) and Trafigura Pte Ltd. (“Trafigura”) today announced the signing of a tripartite Memorandum of Understanding (MOU) to establish a framework for the long-term supply of Congolese cobalt hydroxide to the United States. The arrangement is...
EVelution Energy secured an $850 million cobalt metal offtake agreement with Mitsui & Co., Ltd.
Yuma, Arizona, April 28, 2026 --(BUSINESS WIRE)--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.,...
Evelution Energy Welcomes Stan Crow to its Advisory Board
Yuma, Arizona, October 25, 2025 – EVelution Energy (“EVelution”) is pleased to announce the appointment of Stan Crow to its Advisory Board. Stan has extensive experience in aerospace and defense, technology, and global business growth in organizations ranging from startups to Fortune 100 companies. Stan served for 29 years in the US Air Force and...
Press Release: EVelution Energy Signs LOI to Supply Substantially All of its U.S. Cobalt Production to Mitsui
YUMA, AZ, UNITED STATES, April 28, 2025 /EINPresswire.com/ — In a groundbreaking development, EVelution Energy, LLC (“EVelution”), a U.S. critical minerals processing company, has signed a letter of intent with Mitsui & Co., Ltd. (“Mitsui”; Head Office: Tokyo; President and CEO: Kenichi), to supply the Japanese metal trader with substantially...
Press Release: Arizona critical minerals processor taps EB-5 immigrant investors for financing
Yuma, Arizona, April 9, 2025 – Evelution Energy LLC, an Arizona based critical minerals processor ("EVelution") is pleased to announce that it has launched a financing of up to $64.8 million in secured subordinated debt under the EB-5 Immigrant Investor Program, to fund the construction and operation of its groundbreaking solar-powered cobalt...
Press Release: Evelution Energy Receives $200 Million LOI from U.S. Exim Bank to Fund Construction of U.S. Cobalt Processing Facility
Yuma, Arizona, December 2, 2024 – Evelution Energy LLC ("EVelution Energy" or the "Company") is pleased to announce that it has received a non-binding Letter of Interest ("LOI") from the Export-Import Bank of the United States ("EXIM") for a loan of up to $200 million, with tenor of 18 years, to fund the construction and operation of its...
Press Release: Evelution Energy and Glencore Sign a Letter of Intent to Supply Evelution’s U.S. Cobalt Processing Facility.
Yuma, Arizona, April 2, 2024 – Glencore, one of the world’s largest global diversified natural resource companies and one of the world’s largest producers of cobalt, and EVelution Energy, a U.S. EV battery materials processing company, have signed a Letter of Intent (LOI) to support the development of EVelution’s cobalt processing facility in the...
Press Release: EVelution Energy Inks Five-Year Supply Agreement for its Cobalt Processing Facility with Eurasian Resources Group
LONDON, UK, October 11, 2023 /EINPresswire.com/ -- EVelution Energy, a U.S. electric vehicle battery materials processing company, signed a preliminary five-year supply agreement with Eurasian Resources Group (ERG), a leading diversified natural resources group headquartered in Luxembourg, for the supply of cobalt hydroxide that...
Press Release: Evelution energy recognized for contribution to Arizona; eyes doubling output at planned cobalt processing facility
Phoenix, Sept. 14, 2023 – EVelution Energy, an Arizona-based electric vehicle (EV) battery materials processing company, was recognized by the Arizona Commerce Authority (ACA) on Wednesday for its contribution to the state’s economy at a board of directors meeting attended by Gov. Katie Hobbs. EVelution is updating the design of its planned...
Press Release: Evelution Energy Engages Mizuho as its Global Financial Advisor
Yuma, Arizona, August 8, 2023 – EVelution Energy, a U.S. electric vehicle (EV) battery materials processing company, is pleased to announce that it has engaged Mizuho, a leading global investment banking and securities firm, as its financial adviser. Under the terms of the engagement, Mizuho will provide financial and strategic advisory services...
Press Release: EVelution Energy Announces $200 Million Cobalt Production Facility in Yuma County
The first solar-powered cobalt production facility in the U.S. will create 360 jobs over the life of the project. YUMA COUNTY, AZ (March 29, 2023) – EVelution Energy, a U.S. electric vehicle (EV) battery materials processing company, announced plans to build a solar-powered carbon neutral cobalt sulfate production facility in Yuma County,...
Press Release: Yuma County Approves 1st Solar Powered Cobalt Processing Facility in the United States
Yuma, Arizona, March 6, 2023 – EVelution Energy, a U.S. Electric Vehicle (EV) battery materials processing company, has received the unanimous approval of the Yuma County Board of Supervisors for the development of a solar-powered cobalt sulfate production facility in Yuma County, Arizona, the first of its kind in the United States. Evelution...
Press Release: Trafigura and EVelution energy sign memorandum of understanding on U.S. cobalt processing facility
Singapore, 24 October 2022 – Trafigura, one of the world’s largest physical commodity traders, and EVelution Energy, a U.S. EV battery materials processing company, have signed a Memorandum of Understanding (MOU) to support the development of a battery-grade cobalt sulphate processing facility in the State of Arizona, USA. With an expected annual...