EVelution Energy - The Opportunity

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Evelution is building the first solar-powered, carbon-neutral COBALT processing facility in the United States

There is currently no other operational solar powered cobalt processing plan in the United States. Most cobalt processing capacity is presently located in China.

"When fully operational in 2027, we will be able to produce approximately 25% of the estimated US demand for cobalt sulfate, thereby derisking America's cobalt supply chain"

Navaid Alam, CEO EVolution Energy

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Total Project Cost

$322.0 million

Developer Equity

$57.2 million - 17.8%

Total EB5 Loan

$64.8 million (max)

Jobs Created (est)

3,309.7 jobs (estimated)

40.8 jobs for each EB5 Investor

Investment

Amount - $800,000

Administrative Fee - $80,000

Preferred Return - 9%

Paid Quarterly

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Project Guaranties

  • Investor I526E Denial

  • Project Denial

  • Project Completion

  • Environmental Compliance