Episode Details

In this episode of Global Economic Press, Alex Brady discusses a significant development in the critical minerals and renewable energy sector. Intermestic Capital has announced an $850 million offtake agreement with Mitsui for a solar-powered cobalt processing facility in Yuma County, Arizona. This groundbreaking project, developed by EVelution Energy LLC under the EB-5 immigrant investor program, aims to reshape the cobalt supply chain in the United States. With more than 75% of global refined cobalt production currently concentrated in China, the facility is strategically important for developing domestic processing capacity. The plant is expected to produce up to 7,000 metric tons of cobalt sulfate and cobalt metal annually, addressing the demand across aerospace, defense, electric vehicle batteries, and advanced manufacturing sectors.

The project has received public support from Arizona state and federal elected officials and is designed to generate its own solar power, recycle approximately 70% of its process water, and operate without on-site tailings storage or disposal. Construction is expected to begin in early 2027 and be completed by the end of 2029, generating more than $750 million in economic activity and creating over 3,300 jobs in Yuma County. Intermestic Capital is offering qualified foreign accredited investors access to Intermestic EB5 Fund II, LP, with a minimum investment of $800,000. Eligible investors may apply for United States permanent residency through the EB-5 Immigrant Investor Program. For more information, visit Intermestic Capital's website.