CASE STUDY
2020 - 2022
Advisory Experience in Large-Scale Industrial Infrastructure
EV Metals Group — Saudi Arabia Battery Materials Processing Platform
VOASTRA Advisory Engagement with EV Metals Group
Engagement Overview
VOASTRA advised EV Metals Group (EVM) during a critical transformation phase, supporting the company’s strategic pivot from a lithium mining–focused business toward a battery materials processing and chemicals platform serving the global electric vehicle and energy storage markets.
The engagement focused on capital markets strategy, market and stakeholder analysis, valuation frameworks, and strategic market entry, with particular emphasis on establishing EVM’s processing footprint in the Kingdom of Saudi Arabia. VOASTRA worked closely with the founder and chairman from early strategy development through to the initiation of financing for the company’s first large-scale processing plant.
VOASTRA’s engagement concluded once Saudi stakeholders assumed full ownership and operational control of the Saudi-based processing platform and associated technology.
Project Snapshot (Indicative)
Location: Yanbu Industrial City, Kingdom of Saudi Arabia
Project Type: Battery materials processing and chemicals plant
Planned Capacity: ~50,000 tonnes per annum of battery-grade lithium hydroxide monohydrate (initial phase)
EV Metals Group’s Saudi processing project was designed as a midstream battery chemicals platform, producing high-purity lithium hydroxide for global EV and energy storage markets. The facility forms part of a broader battery chemicals complex with scalability for additional processing trains and downstream integration. Public disclosures indicated a multi-billion-dollar industrial investment across phased development.
Production Concept
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Industrial-scale lithium chemicals processing
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Phased processing trains with scalability for downstream integration
Target Markets
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Electric vehicle battery manufacturer
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Energy storage system value chains
Investment Profile
Large-scale industrial processing project aligned with Saudi industrial strategy. Phased CAPEX deployment and strategic stakeholder ownership
Strategic Advisory
VOASTRA supported EVM in defining and executing its strategic transition into the midstream battery materials value chain. This included refining the business model around proprietary processing IP designed to deliver more sustainable and cost-optimized battery-grade lithium chemicals, aligned with growing global demand for diversified and secure supply chains.
A core component of the advisory work involved capital markets positioning and valuation, ensuring that the company’s technology, processing economics, and geopolitical positioning were clearly articulated to investors and strategic partners. VOASTRA also supported structured engagement with Saudi industrial and institutional stakeholders, aligning the project with Vision 2030 objectives and local industrial development priorities.
Outcome
EVM successfully advanced the development of its Saudi Arabian processing platform, culminating in the establishment of a battery chemicals processing project in Yanbu Industrial City. Following this transition, Saudi stakeholders assumed full control over the company’s Saudi operations and processing technology, marking the completion of VOASTRA’s advisory mandate.
The project continues to progress under Saudi ownership as part of the Kingdom’s broader industrial and energy-transition strategy.
