On September 30, 2026, U.S. Citizenship and Immigration Services approved the Form I-956F for Intermestic EB5 Fund II, LP, the $64.8 million EB-5 offering that finances EVelution Energy's solar-powered cobalt processing facility in Yuma County, Arizona.
With the approval, USCIS has reviewed and accepted the project's business plan, economic analysis and offering documents.
Why this project matters
Cobalt is a critical mineral used in EV and drone batteries, jet engines and defense systems, and most of the world's refined cobalt is processed in China. EVelution's Yuma County facility brings that capability back to the United States. Solar construction began in June 2026, and EVelution has signed a five-year offtake agreement with Mitsui & Co. for its planned cobalt metal production.
Offering highlights for accredited investors
• $64.8 million EB-5 offering with 81 investor positions
• $800,000 minimum investment while the project's High Unemployment Area designation lasts, through December 12, 2026
• 9% annual return to investors under the offering terms
• The EB-5 project is projected to create more than 3,300 jobs
EB5 Horizon is proud to work alongside Intermestic Capital on this project.
Read Intermestic Capital's full announcement:
"Economic security is national security," said Marco A. López, Jr., founder of Intermestic Capital. "In an era of rising global conflict, America cannot build the engines, missiles and munitions that defend it while depending on a strategic rival for the materials that make them work. I have spent my career at the intersection of investment and security, as Chief of Staff of U.S. Customs and Border Protection and as Director of the Arizona Department of Commerce, and I have rarely seen a project that serves both so directly. This facility brings that capacity home, and USCIS approval tells the world it is ready."
Qualified foreign investors can learn more at www.intermesticeb5.com.
About Intermestic Capital
Intermestic Capital LLC is an Arizona-based investment firm that directs global capital into projects aligned with U.S. national security and economic priorities. Through its EB-5 funds, including Intermestic EB5 Fund II LP, the firm connects qualified foreign investors with vetted American projects while managing the geopolitical and regulatory risks of strategic investment.
This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Any offering will be made only to qualified investors by means of confidential offering documents, and only in jurisdictions where permitted by law. USCIS approval of the I-956F does not guarantee approval of any individual investor petition. All returns are subject to the terms, conditions and risks described in the offering documents, and EB-5 investments involve risk, including loss of capital.
This release contains forward-looking statements, including projections of production, jobs, economic impact and timelines, which are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially.