---
title: "J-Star Holding Stock Surges 125% Friday: What's Driving The Action?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285758868.md"
description: "J-Star Holding Co Ltd (YMAT) shares surged 128.90% to $0.55 on Friday, driven by news of advance financing for a proposed solid-state battery facility in Texas. The company has entered a new MOU with White Group to secure a $100 million investment for construction and technical development at the Baytown site, complementing a pending U.S. Department of Energy grant application. CEO Jonathan Chiang emphasized the importance of this agreement in building a secure domestic supply chain for the aerospace and defense drone markets."
datetime: "2026-05-08T17:15:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285758868.md)
  - [en](https://longbridge.com/en/news/285758868.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285758868.md)
---

# J-Star Holding Stock Surges 125% Friday: What's Driving The Action?

**J-Star Holding Co Ltd ( YMAT )** shares are trading sharply higher Friday afternoon as traders react to advance financing for a proposed Texas solid-state battery facility. Here’s what investors need to know.

-   J-Star Holding ( YMAT ) stock is among today’s top performers. Why are YMAT shares rallying?

## White Group Eyes $100M Project Investment

Under a new MOU, **White Group** will work with J-Star ( YMAT ) to identify and introduce potential U.S.-based private equity partners for a proposed $100 million investment tied to construction, automation, and technical development at the Baytown facility. The company said the raise is expected to complement a previously submitted U.S. Department of Energy grant application for the project.

"This agreement with White Group is a key step in financing our Baytown, Texas facility," said J-Star Holding ( YMAT ) CEO **Jonathan Chiang**. "With our site secured and DOE grant pending, we are building the capital structure to execute. By combining Taiwanese innovation with U.S. manufacturing, we aim to provide a secure domestic supply chain for the growing aerospace and defense drone markets."

## YMAT Shares Surge Friday Afternoon

**YMAT Stock Price Activity:** J-Star Holding ( YMAT ) shares were up 128.90% at $0.55 at the time of publication on Friday, according to Benzinga Pro data.

**Read Also: MP Materials Stock Edges Lower Despite Q1 Revenue And EPS Beat**

_Image: Shutterstock_

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