Milestone Agreement Secures Future of U.S. Cobalt: EVelution Energy Signs Landmark Deal with Mitsui, Supported by EB5 Horizon and Intermestic Capital
.At EB5 Horizon, we’re proud to stand behind a major step forward in America’s clean energy and national security future. On April 28, 2025, EVelution Energy signed a transformative offtake agreement with Mitsui & Co., Ltd., one of the world’s leading metal traders. Under this letter of intent, Mitsui will purchase nearly all cobalt metal and cobalt sulfate produced by EVelution’s upcoming cobalt processing facility in Yuma County, Arizona.
This long-term supply agreement marks a significant vote of confidence in the project’s commercial viability and positions the facility to become the first large-scale, solar-powered cobalt processing plant in the United States. Backed by strategic EB-5 investment through Intermestic Capital and EB5 Horizon, this facility is expected to domestically produce up to 40% of U.S. cobalt demand—a game-changer for America’s defense, EV, and aerospace industries. This transformational project is a powerful example of how EB-5 capital can drive meaningful economic growth, support U.S. national security, and offer immigrant investors a direct path to permanent residency in the United States.
Why This Agreement Matters.
The partnership with Mitsui affirms global demand for American-produced cobalt and solidifies the financial and strategic foundation for the Yuma County facility. With China currently refining over 75% of the world’s cobalt, the EVelution-Mitsui agreement represents a turning point in the reshoring of critical mineral processing.
“This agreement is a key validation of EVelution Energy’s vision,” said Navaid Alam, President of EVelution Energy. “It’s not just a supply deal—it’s a commitment to a secure, green, and independent cobalt supply chain for the United States and its allies.”
EB-5 Investment Meets Strategic Energy Policy
EB5 Horizon and Intermestic Capital are proud to facilitate EB-5 investment in this groundbreaking development. The project qualifies as a High Unemployment Area (HUA), offering investors:
Lower investment threshold ($800,000)
Robust job creation metrics
Pathway to U.S. permanent residency
Our collaboration ensures global investors gain access to a well-structured, high-impact project with long-term commercial traction — now reinforced by Mitsui’s global distribution network.
Local Impact, Global Significance
The facility is expected to:
Create over 3,300 direct, indirect, and induced jobs
Generate $750M+ in economic activity
Operate using 100% on-site solar energy
Recycle 70% of its water
Produce zero tailings, minimizing environmental impact
Develop apprenticeship programs through Arizona Western College
This project’s footprint extends far beyond Arizona—it touches the future of U.S. national security, renewable energy, and immigration.
Join the Movement
EB5 Horizon is committed to helping investors seize opportunities that align purpose with potential. With Intermestic Capital’s leadership in EB-5 structuring and EVelution Energy’s visionary operations, this project is your gateway to meaningful impact and lasting residency.