Synergy Consulting, Inc. announced in a statement that it has been appointed as the ????????? ??????? ?? ?? ?????? ????? ??? (???), ? ?????? ??????? ????????? ??? ?????????? ???????, 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.