Synergy Consulting, Inc. announced in a statement that it has been appointed as the 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗔𝗱𝘃𝗶𝘀𝗼𝗿 𝗯𝘆 𝗘𝗩 𝗠𝗲𝘁𝗮𝗹𝘀 𝗚𝗿𝗼𝘂𝗽 𝗽𝗹𝗰 (𝗘𝗩𝗠), 𝗮 𝗴𝗹𝗼𝗯𝗮𝗹 𝗯𝗮𝘁𝘁𝗲𝗿𝘆 𝗺𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀 𝗮𝗻𝗱 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗰𝗼𝗺𝗽𝗮𝗻𝘆, for raising debt and equity financing for their Lithium Chemicals Plant in the Kingdom of Saudi Arabia (KSA).
EVM works across the battery materials value-chain from mining critical minerals to producing battery chemicals for manufacturing cathodes.
As a part of this vertical integration strategy, the Group is developing upstream mining assets in Australia, midstream chemicals processing plants in KSA, and downstream cathode active material manufacturing in Europe.
For the midstream segment of this value-chain, EVM is developing the world’s first integrated Battery Chemicals Complex at Yanbu Industrial City in KSA, which is expected to house a Lithium Chemicals Plant. Also planned are the nickel processing and cathode active materials plants.
EVM has secured the land and power allocation from the KSA Government and is moving towards finalizing the Front End Engineering Design (FEED) study.
The Complex is strategically located to become a global hub for the midstream processing of critical raw materials for a clean energy future.
Related: EV Metals achieves strategic milestones for its Battery Chemicals Complex in Saudi Arabia
