Welcome to our dedicated page for Evolution Metals & Technologies SEC filings (Ticker: EMAT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Evolution Metals & Technologies Corp. filings document material events for a Nasdaq-listed emerging growth company focused on critical materials, rare earth magnets and battery-material supply-chain operations. Form 8-K reports include Regulation FD materials about commercial operations, investor presentations and rare earth magnet production.
The company’s regulatory disclosures also cover securities purchase agreements, convertible debentures convertible into common stock, registration rights, shareholder voting matters, operating and financial results, governance matters and capital-structure changes.
Evolution Metals & Technologies Corp. (EMAT) announced that it has joined the broad‑market Russell 3000® Index and the small‑cap Russell 2000® Index, effective at the opening of U.S. equity markets on September 21, 2026, following FTSE Russell’s third‑quarter 2026 quarterly IPO additions.
EM&T highlights that approximately $12.2 trillion in assets are benchmarked to Russell U.S. Indexes, meaning its shares will be reflected in index‑tracking products and eligible for mandates that require benchmark membership. The company reports commercial‑scale ramp‑up of its rare earth magnet platform in Pohang, targeting 10,000 metric tons of annual magnet production capacity, including 6,000 metric tons of high‑performance sintered NdFeB magnets, supported by a 750‑megawatt electrical infrastructure agreement and 13 additional ULVAC sintered magnet production machines expected in November 2026. EM&T also provides initial fiscal 2027 revenue guidance of $400 million to $460 million.
Evolution Metals & Technologies Corp. (EMAT) entered into a financing with YA II PN, LTD. (Yorkville) for up to $30,927,835 of convertible debentures, with a first debenture of $22 million issued on September 17, 2026 and two additional debentures tied to registration milestones.
The debentures mature on September 17, 2028, bear 4.0% interest (rising to 18.0% upon default), and are convertible at the lower of $5.02 or 95% of the lowest 5‑day VWAP, subject to a floor price, a Nasdaq Exchange Cap, and a 4.99% beneficial ownership cap. An Amortization Event triggers monthly cash payments equal to one‑fifth of original principal plus a 5% premium and accrued interest. EMAT’s subsidiaries guarantee the obligations, and the company plans to use proceeds for general corporate purposes and expansion.
Evolution Metals & Technologies Corp. (EMAT) released its first formal revenue guidance, projecting $5–8 million in revenue for fiscal 2026 and $400–460 million for fiscal 2027, reflecting expected benefits from a major capacity expansion at its rare earth magnet facility in Pohang, Republic of Korea.
The company plans to lift annual rare earth magnet production capacity from about 1,000 to 10,000 metric tons, including roughly 6,000 metric tons of high-performance sintered NdFeB magnets, supported by additional ULVAC equipment, expanded power infrastructure, new land, and an approximately $20.7 million government grant.
Guidance relies on assumptions about demand, equipment delivery and commissioning, feedstock availability, financing, and customer qualification, and is not based on contracted volumes; management highlights execution, working capital access, and regulatory and supply-chain conditions as key uncertainties.
Evolution Metals & Technologies Corp. (EMAT) is registering up to 7,500,000 shares of common stock for resale by YA II PN, Ltd., a selling securityholder, under a Form S-1 prospectus. These shares may be issued upon conversion of EMAT’s convertible debentures.
Under a Securities Purchase Agreement dated May 7, 2026, EMAT may issue up to $100 million in convertible debentures, priced at 97% of principal. A $20 million debenture and a $5.775 million debenture have already been issued; additional tranches of up to $74.225 million may be sold by mutual agreement.
The debentures convert at the lower of $12.09 or 95% of the lowest 5‑day VWAP, with a $1.86 floor price, and include an Exchange Cap and a 4.99% beneficial ownership limit. EMAT will not receive proceeds from resale of the registered shares, only from debenture funding. As of September 4, 2026, EMAT had 624,965,684 shares outstanding; Executive Chairman David Wilcox indirectly controls about 66.63% of voting power through a trust, making EMAT a Nasdaq “controlled company.”
Evolution Metals & Technologies Corp. (symbol: EMAT) is the issuer of record for a Form 4 filing submitted to the SEC.
Evolution Metals & Technologies Corp. (EMAT) reported that it has agreed to principal terms with Korea Electric Power Corporation (KEPCO) to expand electrical capacity for its Pohang, South Korea operations from 130 MW to 750 MW, with a right of first refusal for additional capacity. KEPCO is expected to fund about 90% of the related substation, cabling and civil works. EM&T plans to acquire roughly 1.3 million square feet of adjacent land on a freehold basis and expand its magnet manufacturing facility footprint from 24,000 to 482,000 square feet.
The company expects this power and facility expansion, together with previously announced ULVAC equipment, to support scaling rare earth magnet production from about 1,000 to more than 10,000 metric tons annually by late 2026. EM&T has received conditional approval for an approximate US$20.7 million (₩28.3 billion) grant from Pohang City and Gyeongbuk Province to support plant construction and equipment. These arrangements remain subject to completion of land-use agreements and execution of definitive power supply documentation, and EM&T highlights construction, regulatory, funding, and execution risks in its forward-looking statements.
Evolution Metals & Technologies Corp. (EMAT) announced that it has been included on FTSE Russell’s preliminary lists of additions to the Russell 3000® Index and Russell 2000® Index as part of the third-quarter 2026 IPO additions process. The lists published August 21, 2026 identify EMAT for addition effective September 21, 2026, with final inclusion subject to FTSE Russell’s standard review process.
The company highlights its rare earth magnet growth initiatives, including Tier‑1 OEM quality certifications across six grades of high-performance sintered NdFeB magnets, procurement of non‑China NdPr metal, and binding purchase orders for 13 additional ULVAC sintered magnet production machines expected to increase commercial-scale rare earth magnet production capacity to approximately 10,000 metric tons annually by November 2026. EMAT notes that approximately $12.2 trillion in assets are benchmarked against Russell U.S. indexes, underscoring the prominence of these benchmarks.
Evolution Metals & Technologies Corp. (EMAT) provides an update on its financing arrangements with YA II PN, Ltd. (Yorkville). As of August 23, 2026, EMAT had issued Yorkville convertible debentures with an aggregate principal of $25.775 million. Yorkville had converted $5.775 million of principal into equity, leaving $20.0 million of principal outstanding. The company also includes a detailed cautionary statement about forward-looking statements related to this financing, potential additional funding, future conversions, and possible issuance of additional common shares.
Evolution Metals & Technologies Corp. completed a Business Combination on January 5, 2026, in which EM LLC became the accounting acquirer in a reverse recapitalization of the former SPAC Welsbach Technology Metals Acquisition Corp. The company is building a midstream critical minerals and materials supply chain, anchored by four acquired Korean entities involved in battery recycling and advanced magnet materials.
For the six months ended June 30, 2026, EMAT generated $3.5 million in revenue, its first reported sales, but recorded a net loss of $452.2 million, driven largely by a $423.6 million loss from changes in the fair value of financial instruments and high selling, general and administrative expenses. Cash and cash equivalents were $5.3 million with a net working capital deficit of $78.8 million, and total stockholders’ deficit was $18.9 million despite recognizing $58.9 million of goodwill from acquisitions.
Management states that these losses, limited cash, and the working capital deficit raise substantial doubt about EMAT’s ability to continue as a going concern for at least twelve months. The company plans to pursue additional equity and debt financing while integrating its Korean operations and scaling production, but no new capital arrangements are described.
Evolution Metals & Technologies Corp. notified that its Quarterly Report on Form 10‑Q for the quarter ended June 30, 2026 will be filed late. Additional time is needed to obtain and compile information, and the company expects to file no later than August 19, 2026 pursuant to Rule 12b‑25 relief.
The company states that results for the three months ended June 30, 2026 will differ significantly from the prior‑year period due to a Business Combination completed on January 5, 2026. Welsbach Technology Metals Acquisition Corp.’s subsidiary merged with Evolution Metals LLC, which, before the merger, acquired four Korean companies. The transaction will be accounted for as a reverse recapitalization with Evolution Metals LLC as the accounting acquirer, so the upcoming 10‑Q will present consolidated operations of the combined entities.