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EVelution Energy secures increased financing support from the Export-Import Bank of the United States amounting to US$275 million to enhance its cobalt processing facility.

Aug 04, 2026•6 days ago
YumaOtherManufacturing

Description

The Export-Import Bank of the United States has increased its proposed financing support for EVelution Energy, now totaling US$275 million. This funding will strengthen America's first commercial-scale cobalt processing facility. The increased financing reflects a commitment to advancing advanced manufacturing capabilities. EVelution Energy aims to leverage this support for growth and operational enhancements.

Company Information

Company

EVelution Energy QOZ Fund

Location

2454 WEST 5TH STREET

Yuma, Arizona, United States

About

EVelution Energy is building the first solar-powered, carbon-neutral, EV battery-grade cobalt processing facility in the United States. Our mission is to contribute to the transition to a net zero carbon future by providing carbon-neutral battery-grade materials to the new and burgeoning EV battery market in North America.

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