Security
Welsbach Technology Metals Acquisition Corp. Unit · WTMAU
WTMAUNASDAQUnitHistorical · closed Jan 6, 2025CIK 1866226Updated Oct 30, 2026
Name history
Welsbach Technology Metals Acquisition Corp. · through Jan 5, 2026
Current security for this SEC filerEMAT · NASDAQ
WTMAU price & chart
Historical security
This listing closed Jan 6, 2025. Live provider charts are shown only for current listings.
Current security: EMAT
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 one of the only vertically integrated critical materials supply chains 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 investors.evolution-metals.com and follow the Company on LinkedIn.
In the news
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Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 6,574,424Source | 12,251,561Source | 95,084,000Source | 12,394,653Source | 24,480,452Source | 85,618,000Source | 12,377,442Source | 24,198,119Source | 6,610,223Source | 12,273,195Source | 23,938,271Source | 80,193,219Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | 6,347,000Source | — | 5,000,001Source | 6,350,000Source | — | — | — | — | — | 5,000,001Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 1,185Source | — | 711Source | 2,564Source | — | 738Source | 6,760Source | 4,022Source | 1,185Source | 6,760Source | 213,182Source |
| Assets, CurrentUSD | 149,702Source | 21,435Source | 14,699,000Source | 145,213Source | 43,064Source | 11,267,000Source | 22,458Source | 6,760Source | 145,249Source | 15,262Source | 7,593Source | — |
| Prepaid Expense and Other Assets, CurrentUSD | 149,702Source | 20,250Source | 3,084,000Source | 144,502Source | 40,500Source | 660,000Source | 21,720Source | — | 141,227Source | 14,077Source | 833Source | 25,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 12,632,864Source | 10,254,878Source | 113,936,000Source | 23,448,459Source | 22,403,072Source | 96,442,000Source | 11,554,861Source | 9,683,478Source | 12,216,774Source | 10,930,173Source | 9,353,470Source | 6,618,589Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 228Source | 228Source | 62,000Source | 228Source | 228Source | 59,000Source | 228Source | 228Source | 228Source | 228Source | 228Source | 228Source |
| Retained Earnings (Accumulated Deficit)USD | -12,453,945Source | -10,133,643Source | -1,131,031,000Source | -12,040,383Source | -9,918,535Source | -1,119,121,000Source | -11,361,933Source | -9,525,488Source | -12,009,098Source | -10,802,493Source | -9,266,105Source | -5,939,864Source |
| Stockholders' Equity Attributable to ParentUSD | -12,453,717Source | -10,133,415Source | -18,862,000Source | -12,040,155Source | -9,918,307Source | -24,759,000Source | -11,361,705Source | -9,525,260Source | -12,008,870Source | -10,802,265Source | -9,265,877Source | -5,939,636Source |
| Liabilities and EquityUSD | 6,574,424Source | 12,251,561Source | 95,084,000Source | 12,394,653Source | 24,480,452Source | 85,618,000Source | 12,377,442Source | 24,198,119Source | 6,610,223Source | 12,273,195Source | 23,938,271Source | 80,193,219Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 9,928,174Source | 7,550,188Source | 93,467,000Source | 20,743,769Source | 19,698,382Source | 93,093,000Source | 8,850,171Source | 6,978,788Source | 9,512,084Source | 8,225,483Source | 6,648,780Source | 3,913,899Source |
| Accounts Payable, CurrentUSD | — | — | 10,141,000Source | — | 2,800,319Source | 8,954,000Source | — | 2,700,939Source | — | — | — | 1,818,627Source |
| Property, Plant and Equipment, Net | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Goodwill | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Inventory, Net | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Other Assets, Noncurrent | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Additional Paid in Capital | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Additional Paid in Capital, Common Stock | — | — | —Source | — | — | — | — | — | — | — | — | — |
| Other Liabilities, Noncurrent | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Accounts Receivable, after Allowance for Credit Loss | — | — | —Source | — | — | — | — | — | — | — | — | — |
| Accrued Liabilities, Current | — | — | —Source | — | — | — | — | — | — | — | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Long-term Debt, Current Maturities | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -5,569,000Source | -2,063,000Source | -1,328,287Source | -1,459,263Source | -1,347,387Source | -976,306Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 1,005,000Source | -474,000Source | 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 | — | — | — | — | — | — | -1,741,000Source | 3,655,000Source | -4,738,451Source | -11,027,925Source | -57,052,053Source | 3,822,396Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | 1,185Source | 5,254,000Source | 1,614,000Source | 5,389,000Source | 3,733,000Source | 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 | — | — | 472,169Source | 215,108Source | 12,072,000Source | 2,900,000Source | 16,100,000Source | 2,802,000Source | 1,948,481Source | 1,428,060Source | 2,022,981Source | 3,131,190Source |
| Income Tax Expense (Benefit)USD | — | — | 9,701Source | 35,730Source | -51,000Source | 13,081Source | — | 12,569Source | 38,685Source | 125,950Source | — | 180,688Source |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | 97,051Source | 276,616Source | 808,868Source | 2,168,659Source | 1,121,159Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -435,675Source | -80,697Source | -11,910,000Source | -40,891,000Source | -440,314,000Source | -17,996,000Source | -1,789,441Source | -899,927Source | -54,322Source | -2,390,719Source |
| Nonoperating Income (Expense)USD | — | — | 40,995Source | 180,541Source | — | 98,318Source | — | 97,051Source | 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 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Depreciation, Depletion and Amortization | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | —Source | — | — | — | — | — | — | — |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Increase (Decrease) in Inventories | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | —Source | — | — | — | — | — | — | — |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Repayments of Long-term Debt | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Amortization | — | — | — | — | —Source | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | —Source | — | —Source | — | — | — | — | — |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | —Source | — | —Source | — | — | — | — | — |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Goodwill | — | — | — | — | —Source | — | —Source | — | — | — | — | — |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Other Nonoperating Income (Expense) | — | — | — | — | —Source | — | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (Loss)USD | — | — | -466,969Source | -225,508Source | -12,187,000Source | -2,900,000Source | -15,655,000Source | -2,802,000Source | -2,040,881Source | -1,582,845Source | -2,222,981Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -425,974Source | -44,967Source | -11,961,000Source | -40,891,000Source | -440,314,000Source | -17,996,000Source | -1,750,756Source | -773,977Source | -54,322Source | — |
| Income Tax Expense (Benefit)USD | — | — | 9,701Source | 35,730Source | -51,000Source | 13,081Source | — | 12,569Source | 38,685Source | 125,950Source | — | 180,688Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -435,675Source | -80,697Source | -11,910,000Source | -40,891,000Source | -440,314,000Source | -17,996,000Source | -1,789,441Source | -899,927Source | -54,322Source | -2,390,719Source |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | — | 1,121,159Source |
| General and Administrative ExpenseUSD | — | — | 472,169Source | 215,108Source | 12,072,000Source | 2,900,000Source | 16,100,000Source | 2,802,000Source | 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 | — | — | — | — | — | — | — | 97,051Source | 276,616Source | 808,868Source | 2,168,659Source | 1,121,159Source |
| Nonoperating Income (Expense)USD | — | — | 40,995Source | 180,541Source | — | 98,318Source | — | 97,051Source | 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 | — | — | 30,000Source | — | — | 30,000Source | — | — | 120,000Source | — | 6,000Source | — |
| Other General ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 200,000Source |
| Total Revenue | — | — | — | — | —Source | — | —Source | — | — | — | — | — |
| Cost of Goods and Services Sold | — | — | — | — | —Source | — | —Source | — | — | — | — | — |
| Other Nonoperating Income (Expense) | — | — | — | — | —Source | — | —Source | —Source | — | — | — | — |
| Earnings Per Share, Basic | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Earnings Per Share, Diluted | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | —Source | — | —Source | — | — | — | — | — |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Gross Profit | — | — | — | — | —Source | — | —Source | — | — | — | — | — |
| Interest Expense | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Interest Income, Other | — | — | —Source | —Source | — | —Source | —Source | — | — | — | — | — |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Other Expenses | — | — | — | — | —Source | — | —Source | — | — | — | — | — |
Offerings
Registration 333-299305
Registration 333-298787
Registration 333-297310
Filing attachments
ea031009601ex99-1.htm · 8-K · 2026-10-29
Exhibit 99.1 Evolution Metals & Technologies Secures Approximately 754 Metric Tons of Non-China Neodymium Metal, Expected to Cover Half of the Feedstock Estimated for Its 2027 Revenue Guidance Approximately 42 metric tons of neodymium metal and 520 kilograms of dysprosium metal already delivered to Pohang, 712 metric tons of neodymium pending shipment or committed through 2027, and a further 1,000 metric tons in discussion, all sourced entirely outside China Dysprosium supply of 1.5 metric to…
Read attachment ↗ea031000901ex99-1.htm · 8-K · 2026-10-29
Exhibit 99.1 Evolution Metals & Technologies Submits Response to U.S. Army Sources Sought Notice for Rare Earth Magnets Used in Small Drone Motors EM&T commercially produces N42SH, one of the two magnet grades specified by the Army for small drone motors EM&T’s leadership includes President Andrew Knaggs, former Deputy Assistant Secretary of Defense; Gen. Tom Bussiere (ret.), former Commander of Air Force Global Strike Command; and the Hon. Chris Miller, former Acting U.S. Secretary of Defens…
Read attachment ↗ea031000901ex99-2.htm · 8-K · 2026-10-29
Exhibit 99.2 REQUEST FOR INFORMATION (RFI) / SOURCES SOUGHT Agency: Tobyhanna Army Depot (TYAD), Department of the Army Office: Army Contracting Command (ACC) Notice Type: Request for Information (RFI) / Sources Sought Subject: Rare Earth Magnets Sourcing 1.0 PURPOSE The U.S. Army Contracting Command (ACC) is issuing this Request for Information (RFI) as part of its market research to identify companies with the interest and capability to manufacture and supply commercial-grade rare earth…
Read attachment ↗ea030993701ex99-1.htm · 8-K · 2026-10-28
Exhibit 99.1 Evolution Metals & Technologies Confirms Delivery of All 57 ULVAC Equipment Containers to Pohang Expansion Site, with Commissioning Under Way at the Largest Expected High-Performance Rare Earth Magnet Facility Outside China Equipment secured in months against industry lead times of two years or more, ahead of the November 10, 2026, date specified in China’s rare earth export-control suspension More than 50% of input materials sourced outside China under contract or on site, Tier-…
Read attachment ↗ea030872301ex99-1.htm · 8-K · 2026-10-15
Exhibit 99.1 Evolution Metals & Technologies Corp. Takes Delivery of Additional ULVAC Magnet Production Equipment, Unlocking Ten-Fold Magnet Capacity Expansion 13 of 57 containers of additional ULVAC magnet production equipment arrived in Pohang today, beginning EM&T’s ten-fold expansion to approximately 10,000 metric tons of annual non-China capacity Expansion positions EM&T to meet the January 1, 2027 DFARS deadline barring Chinese-origin rare earth magnets in U.S. defense systems EM&T rea…
Read attachment ↗ea030857201ex99-1.htm · 8-K · 2026-10-14
Exhibit 99.1 Evolution Metals & Technologies Corp. Reaffirms $400 Million to $460 Million FY2027 Revenue Guidance, Unveils Eight Sintered Magnet Grades Covering an Estimated 75% of Global NdFeB Revenue, and Moves to Answer U.S. Army Call for Rare Earth Magnets Seven of eight grades customer-certified and first 13 of 57 containers of ULVAC equipment landed in Pohang on the path to more than 10,000 metric tons of annual capacity; SmCo production equipment targeted for mid-2027 as DFARS 252.225-7…
Read attachment ↗