Pursuant to the formal authorization from the Central Bank of Taiwan, the Company is preparing to select a designated domestic banking institution to proceed with the formal application process for a $60 million U.S. dollar loan facility. The financing is intended to support the development of a 100MWh solid-state battery ("SSB") manufacturing line in Baytown, Texas, within the Greater Houston industrial corridor.

The planned manufacturing facility will operate under YMA(TX) INC. and represents a total projected infrastructure investment of approximately US$122.5 million.

Project Overview

  • Project Anchor: Construction and deployment of a 100MWh solid-state battery manufacturing line in Baytown, Houston, Texas
  • Operating Entity: YMA(TX) INC.
  • Total Facility Value: US$122,500,000
  • Central Bank Financing Allocation: US$60,000,000
  • Financing Structure: U.S. currency loan facility authorized under Central Bank of Taiwan regulatory guidelines for strategic overseas infrastructure investment and advanced manufacturing expansion
     

Under the administrative framework outlined by the Central Bank of Taiwan, the Company's selected domestic designated bank will initiate the formal submission process to the Central Bank of Taiwan for the U.S. currency loan release and subsequent cross-border remittance to YMA(TX) INC.

"Receiving formal authorization with respect to this financing framework marks an important milestone in executing our long-term U.S. expansion strategy," said Jonathan Chiang, CEO and Chairman of J-Star Holding. "The planned Baytown facility is designed to establish a highly automated solid-state battery manufacturing platform capable of supporting critical domestic sourcing initiatives across aerospace, commercial drone, and electric vehicle markets. We believe this project positions YMA(TX) INC. to become an important part of a resilient North American advanced energy supply chain while reinforcing our commitment to scalable, high-tech manufacturing infrastructure in the United States."

The Company's management team is currently finalizing bank selection criteria and coordinating with financial and regulatory stakeholders to advance the financing process. J-Star expects to continue providing material updates through future SEC filings and Nasdaq disclosures as additional milestones are achieved.