Chapter 18: EVelution Energy Secures Global Interest in Cobalt Project Backed by EXIM Bank
In Chapter 18 of the Michael Gibson interview series with EVelution Energy concludes with a powerful look at the project’s financing structure.
Gil Michel-Garcia shared that, in addition to the $200M support letter from the U.S. EXIM Bank, the project has attracted interest from some of the world’s largest investors.
“BlackRock, Texas Teachers Fund, Stellantis, and Mitsubishi are already in our data room looking to invest,” said Gil Michel-Garcia, Executive Vice President of EVelution Energy.
This mix of government-backed financing and private equity interest sets EVelution Energy apart from traditional EB-5 offerings in commercial real estate. Investors benefit from:
Strong job creation well above EB-5 requirements
Reduced risk profile through guaranteed supply and sales contracts
Alignment with U.S. strategic national interests
For EB-5 investors, this represents a rare chance to participate in a project that is both profitable and impactful. This chapter concludes our interview series with the EVelution Energy team. In the next phase, we will feature conversations with Intermestic Capital, the EB-5 partner helping bring this transformative project to life. Stay tuned.”
Evelution Energy Interview Chapter 18
Michael Gibson, USAdvisors, interviews Navaid Alam, President & CEO of EVelution Energy, Gil Michel-Garcia, General counsel & EVP
Transcript
Evelution Energy Interview Chapter 18 Transcript
Michael Gibson, Managing Director of US Advisors (USAdvisors.org) an independent Registered Investment Advisory Firm. Michael also owns and runs EB-5 Investments (eb5projects.com) and is an EB5 industry expert.
Navaid Alam, President & Chief Executive Officer
Gil Michel-Garcia, Executive Vice President, General Counsel, Treasurer & Secretary
Michael Gibson, speaking
And, and in terms of the other components for the financing, we mentioned the 200 million from the EXIM, which should cover about 60% 70% of the cost. The other components, obviously there's an EB five component. We'll discuss shortly with the Intermestic Group. You also are bringing in some developer equity, as I understand.
Gil Michel-Garcia, speaking
Absolutely. So we've contributed it, a substantial amount of the remaining equity. And we have large equity partners, that are basically already in our data room looking to invest. So Blackrock is taking a look at our data room. The Texas Teachers Fund is taking a look at our data room. Players like Stalantis are looking at us. Mitsubishi are looking at us. And there's the, the strategic importance of this unique facility is such that major players are interested in taking a piece of, a piece of it.
Michael Gibson, speaking
Yeah I, I, I mean from my vantage point, I think again, as I mentioned earlier, we learned a big lesson during covid. Exporting all of our manufacturing capability, especially when it's in the national interest, probably is not a good idea. I think we can all agree on that. The fact that you guys are taking a proven technology, you're, you're making it greener. You're taking advantage of all these incentives that are being offered to do exactly what you're doing. Which is bring America, you know, it's manufacturing base back again. To me, makes a whole lot of sense. And then, and by being the first in the market with this product and this process to me, as, as you've already both have, makes good sense for the buyers. Because they need your product. They probably need more than you can produce. Which is a great situation for any manufacturer to be in. So, I think we learned our lessons and I think applying those, into a facility such as yours, is gonna be of great interest. Not only to the private equity investors, but, obviously, I think, to the EV5 investors. Who are looking for something different than your typical commercial real estate construction. Which is offering, you know, very low kind of yields. And, and perhaps maybe a bit more risk. Than even though, when I think of commodities market, I think of risk because of the volatility. But if you have a way to lock that in both on the buy side and the sell side I think, I think, you're, you've got a, a great strategy for for moving this forward. Well guys I, I want to thank you both again. To Navaid and Gil thank you very much for spending time. I know we'll have many more announcements, and updates that we'd like to share with our viewers. But if you're interested, at all, in this offering, or what they're doing, I'm gonna encourage you to contact us at US Advisors or Intermesic Capital. They'll be able to provide you with much more information, detailed subscription offering documents and more. So from Phoenix, beautiful Phoenix Arizona, I'm glad we're doing this in the winter and not in the summer. I wanna thank you all for joining us today, and we wish you all the best in the future. Thank you.
Gil Michel-Garcia, speaking
Thanks, Mike.
Navaid Alam, speaking
Thanks so much.