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Japanese firm Mitsui signs $850M cobalt deal with EVelution Energy’s Yuma cobalt processing plant

  • 4/29/2026

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Phoenix Business Journal

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Highlights
EVelution Energy signed a binding offtake agreement with Mitsui worth approximately $850 million
The Yuma cobalt processing plant will produce 33,000 metric tons of cobalt sulfate annually
The solar-powered facility sits on 105 acres in an Opportunity Zone near Tacna

EVelution Energy
Gil Michel-Garcia | Co-Founder, EVP & General Counsel
[email protected]
514-513-1451

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