J-Star Holding Co., Ltd. (YMAT) announced that its subsidiary YMA Corporation has received formal authorization from the Central Bank of Taiwan to initiate a $60 million sovereign-backed financing framework through designated banks for its U.S. solid-state battery expansion.
The financing will support construction of a 100MWh solid-state battery manufacturing line in Baytown, Houston, Texas, representing a total infrastructure investment of approximately $122.5 million. The facility, operated under YMA(TX) INC., is designed to supply advanced energy solutions for aerospace, commercial drone, and electric vehicle markets.
CEO Jonathan Chiang called the authorization "an important milestone" in executing J-Star's long-term U.S. expansion strategy, noting that the project aims to strengthen North America's advanced energy supply chain.
YMAT has traded between $0.23 and $6.45 over the past year. The stock closed Friday's trading (May 22, 2026) at $0.45 down 7.55%. In pre-market trading Tuesday the stock is trading at $1.20, up 209.25%.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.