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Evolution Metals & Technologies (EMAT) taps JL MAG CTO to scale rare earth magnets

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Evolution Metals & Technologies Corp. appointed industry veteran Kenji Konishi as Head of Magnet Engineering Production, as disclosed in a current report and accompanying press release. Konishi, formerly Vice President and Chief Technology Officer of JL MAG Rare Earth Co., Ltd., joins with a core team of senior Japanese magnet-manufacturing engineers from leading global producers.

The company describes this hire as directly supporting its planned expansion toward approximately 10,000 metric tons of annual rare earth magnet capacity by November 2026, ahead of the January 1, 2027 effective date of DFARS 252.225-7052, which sets material-origin standards for qualifying U.S. defense systems. EMAT portrays itself as a U.S.-based critical materials and advanced manufacturing company focused on rare earth permanent magnets, battery materials, and related technologies, and highlights Konishi’s decades-long experience in scaling high-performance sintered NdFeB magnet production for Tier-1 automotive, industrial, and defense-adjacent customers.

Positive

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Negative

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Filing Explained

The August 10 filing records a forward-looking capacity plan, not completed production; latest supplied cash equaled 87.1 days of last reported operating cash use.

This Form 8-K furnishes the appointment announcement under Item 7.01; the disclosed consequence is a staffing step, not a completed increase in production capacity. The filing expressly treats expected production capacity, commercial operations, and expansion plans as forward-looking, so the approximately 10,000 metric-ton annual figure is a target rather than reported output.

The filing also says the Item 7.01 material is not subject to Section 18 liabilities and is not incorporated by reference except through specific reference.

The filing identifies financing, machine delivery, commissioning, and production ramp-up as risks; at March 31, 2026, the company reported $5,389,000 of cash and equivalents and negative operating cash flow of $5,569,000 for the quarter, equal to 87.1 days of the last reported operating cash use.

The stated November 2026 capacity target and January 1, 2027 DFARS effective date are future checkpoints; commissioning, customer qualification, and operating-output disclosures would show whether the expansion has progressed beyond this announcement.

Sources and calculations
  • Cash and equivalents vs quarterly operating cash outflow, in days of cash use $5,389,000 / ($5,569,000 / 90) = [object Object]
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Target magnet capacity 10,000 metric tons Planned annual rare earth magnet capacity by November 2026
DFARS effective date January 1, 2027 Effective date of DFARS 252.225-7052 cited in relation to defense sourcing
JL MAG revenue 2015 US$115 million Approximate annual revenue at JL MAG Rare Earth in 2015 during Konishi’s tenure
JL MAG revenue 2020 US$318 million Approximate annual revenue at JL MAG Rare Earth in 2020 during Konishi’s tenure
JL MAG revenue growth multiple 2.76 times Approximate growth in annual revenue at JL MAG Rare Earth from 2015 to 2020
Executive Order date July 20, 2026 Date of Executive Order on securing U.S. defense supply chains referenced by EMAT
DFARS 252.225-7052 regulatory
"magnets compliant with DFARS 252.225-7052, which mandates strict material origin"
sintered NdFeB magnet technical
"track record of scaling high-performance sintered NdFeB magnet production to commercial volumes"
grain boundary diffusion technical
"proficient in advanced surface treatment and grain boundary diffusion, the process step"
Grain boundary diffusion is the movement of atoms along the thin interfaces where crystals meet inside metals or ceramics, similar to people walking along alleyways between city blocks rather than cutting through the blocks themselves. It matters to investors because this faster, easier pathway can strongly influence how materials age, conduct heat or electricity, corrode, or fail, affecting product performance, manufacturing costs and the commercial viability of technologies like batteries, coatings and structural alloys.
rare earth permanent magnets technical
"specializing in rare earth permanent magnets, battery materials, and related critical technologies"
High-strength magnets made from alloys that include rare-earth elements, such as neodymium or samarium, which produce a powerful and lasting magnetic pull far stronger than ordinary magnets—think tiny but very powerful fridge magnets that keep their grip under heavy use. They matter to investors because they are essential components in electric motors, wind turbines, electronics and defense systems, so shifts in demand, supply bottlenecks or price swings can directly affect costs, revenues and geopolitical risk for many manufacturers and countries.
mitigation-plan framework regulatory
"serve as a compliant supplier to U.S. defense prime contractors under the mitigation-plan framework"

FAQ

What leadership change did EMAT (EMAT) disclose on August 10, 2026?
Evolution Metals & Technologies Corp. appointed Kenji Konishi as Head of Magnet Engineering Production, supported by a senior engineering team, to strengthen its rare earth magnet manufacturing capabilities and execution of planned capacity expansion.

How does EMAT (EMAT) describe the regulatory context around DFARS 252.225-7052?
EMAT references DFARS 252.225-7052, effective January 1, 2027, which it describes as mandating strict material origin and sourcing standards for qualifying U.S. defense systems, and frames its magnet capacity plans in relation to this rule.

What background does Kenji Konishi bring to EMAT (EMAT)?
Konishi previously served as Vice President and CTO of JL MAG Rare Earth and has decades of experience scaling high-performance sintered NdFeB magnet production for Tier-1 automotive, industrial, and defense-related customers worldwide.

How does EMAT (EMAT) describe its business focus in this filing?
EMAT describes itself as a U.S.-based critical materials and advanced manufacturing company specializing in rare earth permanent magnets, battery materials, and related technologies, emphasizing a vertically integrated critical materials supply chain.

What growth record does EMAT highlight from Konishi’s prior company?
EMAT notes that during Konishi’s tenure as Vice President and CTO of JL MAG Rare Earth, annual revenue grew approximately 2.76 times, from about US$115 million in 2015 to about US$318 million in 2020.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): August 10, 2026

 

Evolution Metals & Technologies Corp.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41183   87-1006702
(State or other jurisdiction of
incorporation or organization)		   (Commission File Number)   (IRS Employer
Identification No.)

 

4040 NE 2nd Ave, Suite 349

Miami, Florida 33137

(Address and zip code of principal executive offices)

 

561-225-3205

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.0001 par value per share   EMAT   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 7.01 Regulation FD Disclosure

 

On August 10, 2026, Evolution Metals & Technologies Corp. (the “Company”) issued a press release announcing the appointment of Kenji Konishi as Head of Magnet Engineering Production. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

 

The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

 

Cautionary Statement Regarding Forward-Looking Statements

 

This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws, including within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of EMAT and may include, without limitation, statements regarding EMAT’s strategy, business plans, growth opportunities, projected financial information, expected production capacities, anticipated market demand, regulatory developments, and other future events or conditions. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential,” “plan,” “project,” “target,” “forecast,” or the negatives of these terms or variations of them or similar terminology. These forward-looking statements are based on management’s current expectations and assumptions and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, EMAT’s ability to execute its business plan, obtain financing, construct and scale facilities, secure feedstock and offtake agreements, obtain necessary permits and regulatory approvals, manage supply chain disruptions, respond to competitive pressures, address geopolitical and macroeconomic risks, and other risks described in EMAT’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Forward-looking statements speak only as of the date they are made. EMAT undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

The following exhibits are being furnished herewith:

 

Exhibit No.   Description
99.1   Press Release dated August 10, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)  

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: August 10, 2026

 

  Evolution Metals & Technologies Corp.
   
  By: /s/ Christopher Clower
  Name:   Christopher Clower
  Title: Chief Financial Officer and Chief Operating Officer

 

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Exhibit 99.1

 

 

Evolution Metals & Technologies Appoints Industry Veteran Kenji Konishi to Lead Rare Earth Magnet Engineering Production

 

Former JL MAG Rare Earth CTO and Vice President Kenji Konishi joins EM&T with a team of senior engineers to support expansion toward 10,000 metric tons of annual rare earth magnet capacity ahead of the January 1, 2027 DFARS deadline

 

MIAMI, FL, August 7, 2026 — Evolution Metals & Technologies Corp. (Nasdaq: EMAT) (“EM&T” or the “Company”), a U.S.-based critical materials and advanced manufacturing company specializing in rare earth permanent magnets, battery materials, and related critical technologies, has appointed industry expert Kenji Konishi as Head of Magnet Engineering Production, alongside a core team of senior Japanese magnet-manufacturing veterans recruited from leading global producers. Mr. Konishi joins EM&T from JL MAG Rare Earth Co., Ltd., where he served as Vice President and Chief Technology Officer.

 

Mr. Konishi brings to EM&T an elite, decades-long global track record of scaling high-performance sintered NdFeB magnet production to commercial volumes for Tier-1 automotive, industrial, and defense-adjacent OEMs. Joined by a team of senior operating professionals, his appointment directly reinforces EM&T’s manufacturing execution behind its expansion toward approximately 10,000 metric tons of annual rare earth magnet capacity by November 2026.

 

This operational expansion accelerates EM&T’s positioning as the only known company outside China capable of supplying rare earth permanent magnets compliant with DFARS 252.225-7052, which mandates strict material origin and sourcing standards for qualifying U.S. defense systems effective January 1, 2027. The move also follows the July 20, 2026 Executive Order, Securing America’s Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials, which strengthened enforcement of domestic sourcing standards and critical material origin requirements across U.S. defense procurement.

 

Mr. Konishi began his career in 1994 at Santoku Corporation, holding technical and business leadership positions in permanent magnet materials for nearly two decades before serving as Chief Executive Officer of Minmetals Santoku in Ganzhou, China. As Vice President and CTO of JL MAG Rare Earths, he oversaw a period in which annual revenue grew approximately 2.76 times, from roughly US$115 million in 2015 to approximately US$318 million in 2020. He then founded JL MAG Japan, serving as its inaugural President.

 

Mr. Konishi’s expertise spans sintered NdFeB, bonded, and SmCo magnet systems, covering the full magnet manufacturing process from alloy design through mass production. He is particularly proficient in advanced surface treatment and grain boundary diffusion, the process step that enables heavy-rare-earth-efficient magnets required by defense, automotive, and industrial applications. Joining Mr. Konishi at EM&T are senior engineering professionals with prior tenure at TDK Corporation, SAE Magnetics, Daido Steel, Samsung Electro-Mechanics, and Napac, assembling one of the deepest concentrations of rare earth permanent magnet expertise outside China.

 

 

“Recruiting Kenji, and the senior operators who have chosen to join him at EM&T, is one of the strongest possible indications of what we continue to build,” said David Wilcox, Executive Chairman of EM&T. “Very few individuals in the world combine his depth of knowledge and experience in sintered NdFeB mass production, grain boundary diffusion, and full-process engineering with a proven track record of scaling a magnet business commercially in a secure, compliant, and resilient supply chain.1 The US Government’s seemingly lack of engagement with EM&T reminds us of when Tesla didn’t get invited to the Biden Administration’s Electric Vehicle roundtable in 2021. EM&T is the only US magnet producer that is compliant with the critical DFARS 252.225-7052 mandate, according to publicly available representations.”

 

“Equipment and financing get you a factory; operators get you a magnet business,” said Frank Moon, Chief Executive Officer of EM&T. “Kenji has spent his career at the center of the global rare earth magnet industry — at Santoku, at Minmetals Santoku, and as CTO of JL MAG — and he arrives with a team of senior engineers who share that record. That combination is exactly what our next phase of production growth, and our ability to serve

U.S. defense prime contractors under DFARS, requires.”

 

“Evolution Metals is the only known company to be compliant with DFARS 252.225-7052 that has already built commercial-scale rare earth magnet production to address supply chain dependency, and it is positioned to replicate that capability in the United States at a moment when the market urgently needs it,” said Kenji Konishi. “I look forward to helping the Company meet the growing global demand for reliable, non-China rare earth magnet supply.”

 

Note 1: For 12 of the 13 investments the US Government has made into companies in the rare earth magnet industry, none of these investments have been into companies that actually produce and sell rare earth magnets. EM&T is the only company in the rare earth magnet industry that produces and sells commercial scale rare earth magnets and is compliant with DFARS 252.225-7052. David Copley, Special Assistant to the President for Critical Materials, is complicit in the US taxpayers funding these companies, as well as the investment bank Cantor Fitzgerald, which is the subject of an investigation by Democratic lawmakers in connection with more than a dozen deals involving the Federal Government in the critical minerals industry.

(https://www.cnbc.com/2026/07/31/senate-democrats-trump-lutnick-critical-mineral-deals.html)

 

###

 

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About Evolution Metals & Technologies Corp.

 

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 Linkedin.

 

Cautionary Note Regarding EMAT Forward-Looking Statements

 

This press release may contain forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding EMAT’s plans, objectives, expectations, projections, strategies, the appointment of Mr. Konishi and the assembly of its Korea-based engineering and operating team, anticipated production capacity, expansion plans, customer qualifications and certifications, machine delivery timelines, competitive positioning, non-China feedstock sourcing arrangements and expected delivery volumes, compliance with DFARS 252.225-7052 and the July 20, 2026 Executive Order Securing America’s Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials, the Company’s ability to serve as a compliant supplier to U.S. defense prime contractors and their subcontractors under the mitigation-plan framework, and commercial operations. All statements, other than statements of historical facts, included herein and public statements by our officers or representatives, that address activities, events or developments that our management expects or anticipates will

 

or may occur in the future, are forward-looking statements, including but not limited to statements regarding future business strategy, production capacity, plans and goals, competitive strengths, and expansion and growth of our business. These forward-looking statements, along with terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” “believes,” “positioned,” and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those risks include risks related to changes in our operations; uncertainties concerning estimates and projections; industry-related risks; the commercial success of, and risks related to, our development activities; uncertainties and risks related to our reliance on contractors, equipment suppliers, and consultants; risks related to key personnel retention and the integration of newly hired personnel and teams; risks related to customer qualification and certification timelines and outcomes; risks related to customer concentration and customer relationships; risks related to the interpretation, enforcement, amendment, or repeal of DFARS 252.225-7052 and the July 20, 2026 Executive Order and related U.S. Government regulations; risks related to non-China feedstock sourcing, including timing and volume of deliveries under supply arrangements; risks related to defense contractor customer qualification under mitigation-plan frameworks and traceability documentation requirements; risks that the Company’s competitive positioning as a compliant supplier may not materialize as expected; and risks related to machine delivery schedules, commissioning timelines, and production ramp-up. Those statements include statements regarding the intent, belief, or current expectations of EMAT and its management, as well as the assumptions on which such statements are based. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. While these forward-looking statements were based on assumptions that the Company believes are reasonable when made, you are cautioned that forward-looking statements are not guarantees of future performance and that actual results, performance, or achievements may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results, performance, or achievements are consistent with the forward-looking statements contained in this press release, those results, performance, or achievements may not be indicative of results, performance, or achievements in later periods. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements made in this press release speak only as of the date of those statements, and we undertake no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments unless required by law. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including risks related to execution, financing, regulatory approvals, equipment delivery, customer qualification and certification, and market conditions. Additional information concerning these and other factors that may impact EMAT’s expectations and projections can be found in filings it makes with the SEC, including the Annual Report on Form 10-K of EMAT for the year ended December 31, 2025 filed with the SEC on February 20, 2026 and the Report on Form 10-Q of EMAT for the three months ended March 31, 2026 filed with the SEC on May 22, 2026, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by EMAT. SEC filings are available on the SEC’s website at www.sec.gov.

 

Investor Relations Contacts

 

Judith McGarry

Evolution Metals & Technologies Corp.

investor.relations@evolution-metals.com

 

Arx Investor Relations

North American Equities Desk EMAT@arxhq.com

 

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Source: View Original Filing on SEC EDGAR

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