Company research
Evolution Metals & Technologies Corp.
CIK 1866226Updated Sep 24, 2026
SecurityEMAT · NASDAQ · equity
Name history
Welsbach Technology Metals Acquisition Corp. · through Jan 5, 2026
EMAT price & chart
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NASDAQ:EMAT on TradingView ↗About the company
Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com and follow the Company on our new X account at https://x.com/EMATCorp and LinkedIn at https://www.linkedin.com/company/evolution-metals-and-technologies
In the news
Trump Administration Accelerates US-China Critical Minerals Decoupling as Pentagon’s 2027 Defense Deadline Reshapes a $30 Billion Magnet Market ↗
Evolution Metals & Technologies Corp. Secures $100 Million Investment from Yorkville Advisors Global, LP ↗
Recent filings
S-1/A filing
Regulation FD Disclosure
Items 7.01, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity Securities
Items 1.01, 2.03, 3.02, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
S-1 filing
Show 5 more recent filings
4 filing
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 6,610,223Source | 12,273,195Source | 23,938,271Source | 80,193,219Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | — | 5,000,001Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 4,022Source | 1,185Source | 6,760Source | 213,182Source |
| Assets, CurrentUSD | 145,249Source | 15,262Source | 7,593Source | — |
| Prepaid Expense and Other Assets, CurrentUSD | 141,227Source | 14,077Source | 833Source | 25,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 12,216,774Source | 10,930,173Source | 9,353,470Source | 6,618,589Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 228Source | 228Source | 228Source | 228Source |
| Retained Earnings (Accumulated Deficit)USD | -12,009,098Source | -10,802,493Source | -9,266,105Source | -5,939,864Source |
| Stockholders' Equity Attributable to ParentUSD | -12,008,870Source | -10,802,265Source | -9,265,877Source | -5,939,636Source |
| Liabilities and EquityUSD | 6,610,223Source | 12,273,195Source | 23,938,271Source | 80,193,219Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 9,512,084Source | 8,225,483Source | 6,648,780Source | 3,913,899Source |
| Accounts Payable, CurrentUSD | — | — | — | 1,818,627Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -1,328,287Source | -1,459,263Source | -1,347,387Source | -976,306Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 6,069,575Source | 12,320,164Source | 58,044,586Source | -3,523,983Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | 3,822,397Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | 12,219,791Source | 58,351,987Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -4,738,451Source | -11,027,925Source | -57,052,053Source | 3,822,396Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,022Source | 1,185Source | 168,209Source | 523,063Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | — | 12,610Source | 188,177Source | 180,688Source |
| Additional Financial Items | ||||
| Gain (Loss) on InvestmentsUSD | — | — | — | 1,121,159Source |
| General and Administrative ExpenseUSD | 1,948,481Source | 1,428,060Source | 2,022,981Source | 3,131,190Source |
| Income Tax Expense (Benefit)USD | 38,685Source | 125,950Source | — | 180,688Source |
| Investment Income, InterestUSD | 276,616Source | 808,868Source | 2,168,659Source | 1,121,159Source |
| Net Income (Loss) Attributable to ParentUSD | -1,789,441Source | -899,927Source | -54,322Source | -2,390,719Source |
| Nonoperating Income (Expense)USD | 290,125Source | 808,868Source | 2,168,659Source | 1,121,159Source |
| Operating ExpensesUSD | — | — | — | 3,331,190Source |
| Payments of Financing CostsUSD | — | — | — | 45,541Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 45,540Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 2,276,860Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Income (Loss)USD | -2,040,881Source | -1,582,845Source | -2,222,981Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,750,756Source | -773,977Source | -54,322Source | — |
| Income Tax Expense (Benefit)USD | 38,685Source | 125,950Source | — | 180,688Source |
| Net Income (Loss) Attributable to ParentUSD | -1,789,441Source | -899,927Source | -54,322Source | -2,390,719Source |
| Additional Financial Items | ||||
| Gain (Loss) on InvestmentsUSD | — | — | — | 1,121,159Source |
| General and Administrative ExpenseUSD | 1,948,481Source | 1,428,060Source | 2,022,981Source | 3,131,190Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | — | -2,210,031Source |
| Investment Income, InterestUSD | 276,616Source | 808,868Source | 2,168,659Source | 1,121,159Source |
| Nonoperating Income (Expense)USD | 290,125Source | 808,868Source | 2,168,659Source | 1,121,159Source |
| Operating ExpensesUSD | — | — | — | 3,331,190Source |
| Other Cost and Expense, OperatingUSD | — | — | — | 309,881Source |
| Other General and Administrative ExpenseUSD | 120,000Source | — | 6,000Source | — |
| Other General ExpenseUSD | — | — | — | 200,000Source |
Offerings
Registration 333-298787
Registration 333-297310
Filing attachments
ea030449902ex4-20.htm · S-1/A · 2026-09-24
Exhibit 4.20 NEITHER THIS DEBENTURE NOR THE SECURITIES INTO WHICH THIS DEBENTURE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THESE SECURITIES HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVA…
Read attachment ↗ea030607101ex99-1.htm · 8-K · 2026-09-21
Exhibit 99.1 Evolution Metals & Technologies Corp. Joins Russell 3000® and Russell 2000® Indexes, Gaining Exposure to $12.2 Trillion in Benchmarked Assets U.S. rare earth permanent magnet producer becomes a constituent of both indexes effective at the opening of U.S. equity markets on September 21, 2026, following finalization of FTSE Russell’s third-quarter 2026 quarterly IPO additions MIAMI, FL, September 21, 2026 - Evolution Metals & Technologies Corp. (“EM&T” or the “Company”) (Nasdaq: EM…
Read attachment ↗ea030590801ex4-1.htm · 8-K · 2026-09-18
EX-4.1 2 ea030590801ex4-1.htm FIRST CLOSING DEBENTURE Exhibit 4.1 NEITHER THIS DEBENTURE NOR THE SECURITIES INTO WHICH THIS DEBENTURE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THESE SECURITIES HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION…
Read attachment ↗ea030508801ex99-1.htm · 8-K · 2026-09-10
EX-99.1 2 ea030508801ex99-1.htm PRESS RELEASE DATED SEPTEMBER 10, 2026 Exhibit 99.1 Evolution Metals & Technologies Provides Initial Revenue Guidance of $400-460mm for Fiscal Year 2027 Fiscal 2027 outlook of $400 million to $460 million reflects the expected first full-year contribution from the expansion of annual rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered …
Read attachment ↗ea030312601ex99-1.htm · 8-K · 2026-08-27
EX-99.1 2 ea030312601ex99-1.htm PRESS RELEASE DATED AUGUST 27, 2026 Exhibit 99.1 Evolution Metals & Technologies Corp. Announces Major 750 Megawatt Power Infrastructure Expansion to Scale Magnet Production to Approximately 10,000 Metric Tons Annually Agreement provides for expansion of electrical infrastructure serving EM&T’s Pohang operations from the current 130 MW capacity to 750 MW, a nearly six-fold increase in available power capacity EM&T’s expansion in power, land, magnet manufact…
Read attachment ↗ea030312201ex99-1.htm · 8-K · 2026-08-24
EX-99.1 2 ea030312201ex99-1.htm PRESS RELEASE DATED AUGUST 24, 2026 Exhibit 99.1 Evolution Metals & Technologies Corp. Announces Preliminary Inclusion in Russell 3000® and Russell 2000® Indexes Preliminary inclusion is expected to become effective September 21, 2026, subject to FTSE Russell’s standard review process Approximately $12.2 trillion in assets are benchmarked against the Russell U.S. indexes MIAMI, FL, August 24, 2026 - Evolution Metals & Technologies Corp. (“EM&T” or the “C…
Read attachment ↗