Every 8-K that Evolution Metals & Technologies Corp. (EMAT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow EMAT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EMAT filings page.
Evolution Metals & Technologies Corp. has begun receiving additional ULVAC magnet-production equipment at its Pohang facility: 13 of 57 containers arrived on October 15, 2026, and the remaining containers are scheduled for delivery before the end of October 2026.
Once installed and commissioned, the 13 additional machines are expected to increase annual rare earth magnet capacity from 1,000 metric tons to approximately 10,000 metric tons, including 6,000 metric tons of high-performance sintered magnets. The company reaffirmed fiscal 2027 revenue guidance of $400 million to $460 million. It also says seven high-performance NdFeB sintered magnet grades have been qualified with Tier-1 OEMs and non-China NdPr feedstock secured.
DFARS 252.225-7052 is scheduled to take effect January 1, 2027, prohibiting U.S. defense contractors from using rare earth magnets containing materials mined, refined, separated, melted or produced in China, Russia, North Korea or Iran. A ribbon-cutting ceremony for the expanded facility is scheduled for December 17, 2026, with live magnet making, guided production-line tours and an executive briefing.
Evolution Metals & Technologies Corp. (EMAT) reaffirmed fiscal 2027 revenue guidance of $400 million to $460 million and fiscal 2026 guidance of $10 million to $11 million. The company estimates that its eight sintered NdFeB magnet grades represent approximately 75% of global sintered NdFeB magnet revenue and approximately 52% of global volume. Seven grades have completed customer certification; N42SH is in commercial production in Pohang, South Korea, while N48SH is in the final certification stages. The guidance is based on management’s expectations, including anticipated customer demand, and not on contracted volumes.
The first 13 of 57 containers of ULVAC equipment have arrived in Pohang. The expansion is expected to lift annual capacity above 10,000 metric tons, including approximately 6,000 metric tons of high-performance magnets. EM&T expects to begin acquiring equipment for samarium cobalt magnet production by mid-2027 and said it will respond to a U.S. Army rare-earth-magnet sources sought notice, with responses due October 28, 2026. The company says DFARS 252.225-7052 extends its mine-to-magnet restriction to SmCo magnets for qualifying U.S. defense deliveries effective January 1, 2027.
Evolution Metals & Technologies Corp. raised its fiscal 2026 revenue guidance to $10 million to $11 million, from $5 million to $8 million announced September 10, 2026, and reaffirmed fiscal 2027 guidance of $400 million to $460 million.
Management said the 2026 revision reflects an expanded ex-China rare earth feedstock position and the production capacity it unlocks, improved rare earth pricing, and continued strong commercial demand. The guidance is based on anticipated customer demand, not contracted volumes; actual revenue depends in part on converting demand into firm orders and shipments.
At its Pohang operations, 13 additional ULVAC sintered magnet production machines are scheduled for delivery in October 2026, with installation to commence immediately afterward. Once operational, they are expected to expand annual rare earth magnet production capacity to more than 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets. EM&T also said DFARS 252.225-7052 is expected to extend the mine-to-magnet restriction across the entire supply chain for neodymium-iron-boron magnets beginning January 1, 2027.
Evolution Metals & Technologies Corp. (EMAT) announced a Strategic Partnership Letter of Intent with UK-based INERGX Energy Optimisation Ltd. for energy storage and power optimization systems at EM&T’s planned U.S. critical materials and battery black mass recovery facility. The site is planned at approximately 1 GW of on-site capacity within two years and up to approximately 5 GW at full build-out, powered by on-site LNG generation. The LOI sets principal terms for negotiating a study statement of work and definitive partnership agreements.
INERGX will conduct a First Block Study to model generation and storage against the facility’s load and define recommended storage capacity, power rating, configuration, power quality, ride-through performance, and indicative costs. Under the LOI, EM&T will provide site inputs within two weeks of signing; INERGX will deliver the study within eight weeks of receipt; and the parties intend to work toward first-block definitive agreements within twelve weeks of the study’s delivery and acceptance. The release also reiterated fiscal 2027 revenue guidance of $400 million to $460 million, reflecting the expected first full-year contribution from the planned Pohang production expansion to approximately 10,000 metric tons annually, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets.
Evolution Metals & Technologies Corp. (EMAT) announced it will hold a ribbon-cutting ceremony on December 17, 2026, at its Pohang, South Korea, facility. The company says it believes the site is the largest high-performance rare earth magnet facility in production outside China.
EM&T describes Pohang as the base for a phased expansion targeting more than 10,000 metric tons of annual rare earth magnet production capacity. The announcement says DFARS 252.225-7052 takes effect January 1, 2027, restricting Chinese-origin rare earth magnets in qualifying U.S. defense systems.
Evolution Metals & Technologies Corp. (EMAT) and VIVIFY Technology Corporation signed a non-binding letter of intent dated September 30, 2026, to evaluate VIVIFY as the primary hydrogen-energy partner and infrastructure provider for EMAT’s planned U.S. expansion, including its rare-earth magnet campus. The proposal contemplates behind-the-meter hydrogen power and possible energy-supply and infrastructure-development agreements; no contracting model, price, volume or performance commitment is agreed.
Any collaboration would require executed definitive agreements and is expected to depend on technical due diligence and system validation, agreement on commercial terms, internal approvals, site control, and required governmental, utility, environmental and safety authorizations. EMAT’s non-binding preferred-partner intent runs for 90 days, but creates no exclusivity or right of first refusal. The LOI expires at the earliest of definitive agreements, written termination by either party, or 180 days after September 30, 2026, unless extended in a writing signed by both parties. Confidentiality and specified other provisions are binding.
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) 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. appointed General Thomas A. Bussiere (ret.), former Commander of U.S. Air Force Global Strike Command and former Deputy Commander of U.S. Strategic Command, as an independent member of its Board of Directors, effective August 13, 2026. He will serve as a Class I Director and join the Board’s Audit, Compensation, and Nominating and Corporate Governance Committees.
The Board also designated Saul Locker as Chairman of the Audit Committee. Thomas Stoddard resigned from the Board effective August 11, 2026, and ceased serving on all Board committees. The company describes General Bussiere’s four-decade military leadership background, including oversight of more than 33,000 personnel and multi-billion-dollar strategic programs, as adding significant governance, risk management, and strategic execution expertise to support EM&T’s critical materials and advanced manufacturing growth initiatives.
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.
Evolution Metals & Technologies Corp. reported that it has received its first shipment of 5 metric tons of neodymium‑praseodymium (NdPr) metal under its supply agreement with Senri Trading Co., Ltd., sourced from SRE Vietnam. This non‑China NdPr feedstock is intended for manufacturing high‑performance rare earth permanent magnets that comply with U.S. defense regulations excluding magnets originating from certain prohibited countries.
The company states that this initial delivery is the first stage of a program under which SRE is expected to scale shipments to support EMAT’s planned production capacity of approximately 10,000 metric tons per annum by November 2026. EMAT highlights related binding purchase orders for thirteen ULVAC sintered magnet production machines and asserts it believes it is the only known commercial‑scale mid‑ and downstream producer positioned to supply DFARS 252.225‑7052‑compliant magnets to U.S. defense contractors ahead of the January 1, 2027 deadline.
Evolution Metals & Technologies Corp. announced a supply contract to secure neodymium‑praseodymium (NdPr) metal from a non‑China source for its rare earth permanent magnet production. The agreement with Senri Trading Co., Ltd., sourcing from SRE Vietnam, is intended to support EMAT’s plan to reach roughly 10,000 metric tons of annual magnet output.
The company highlights that this non‑China NdPr supply positions it for upcoming U.S. defense rules under DFARS 252.225‑7052, which will bar Chinese‑origin rare earth magnets in certain weapons systems starting January 1, 2027. EMAT emphasizes its mid‑ and downstream manufacturing focus and 18‑plus years of commercial‑scale rare earth processing experience.
Evolution Metals & Technologies Corp. disclosed that Nasdaq notified the company on May 21, 2026 that its delayed Quarterly Report for March 31, 2026 put it out of compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports.
The company filed the missing Form 10-Q on May 22, 2026, and on May 26, 2026 Nasdaq confirmed that EMAT had regained compliance and that the matter was closed, so the notice had no lasting effect on the stock’s listing status.
EMAT also issued a Regulation FD press release on May 26, 2026 summarizing the notice and its return to compliance and included customary cautionary language about forward-looking statements and risk factors referenced in its recent Form 10-K and Form 10-Q.
Evolution Metals & Technologies Corp. reported its first quarter as a Nasdaq-listed company, combining newly consolidated magnet operations with sizeable non-cash accounting charges. For the three months ended March 31, 2026, revenue was $1.9 million with gross profit of $0.4 million, reflecting a gross margin of about 24%.
The company recorded a GAAP net loss of $440.3 million, or $(0.72) per share, driven mainly by a $425.2 million non-cash charge from the change in fair value of pre-combination financial instruments that were settled at closing. On a non-GAAP basis, Adjusted Net Loss was $15.1 million, or $(0.02) per share, compared with $2.5 million, or $(0.01) per share, a year earlier, reflecting higher selling, general and administrative expenses tied to subsidiary consolidation and public-company and transaction costs.
The update highlights EM&T’s positioning as a rare earth permanent magnet producer with more than 18 years of operating history, recent commencement of trading on Nasdaq under the symbol EMAT, a previously announced $100 million convertible debenture facility, and binding purchase orders for 13 ULVAC sintered magnet machines expected to help scale annual magnet production capacity to approximately 10,000 metric tons by November 2026, ahead of a January 1, 2027 DFARS deadline on Chinese-origin magnets in U.S. defense systems.
Evolution Metals & Technologies Corp. reports a major Q1 2026 loss and a delay in filing its Form 10-Q. The company will miss the extended deadline under Rule 12b-25 because of complex accounting related to a large overseas equipment purchase and other financial reporting issues, but has furnished unaudited condensed financial statements as an exhibit.
For the quarter ended March 31, 2026, EMAT generated revenues of $1.9 million and recorded a net loss of $441.6 million, or $0.72 per basic and diluted share, driven largely by a $425.2 million loss from changes in the fair value of financial instruments. Cash and cash equivalents were $5.4 million, total liabilities were $96.2 million, and stockholders’ deficit was $24.6 million as of March 31, 2026.
The company expects to receive a Nasdaq non-compliance notice for the late Form 10-Q under Nasdaq Listing Rule 5250(c)(1), but indicates that any such notice should have no immediate effect on the listing or trading of its common stock and anticipates regaining compliance within the expected grace period.
Evolution Metals & Technologies Corp. signed eight equipment supply contracts through its subsidiary with ULVAC Korea to buy vacuum induction melting and continuous vacuum sintering furnaces for its rare earth metal and magnet operations. In a related press release, EM&T announced binding purchase orders with ULVAC for thirteen high-performance rare earth sintered magnet machines.
The new ULVAC equipment is intended to raise EM&T’s annual rare earth magnet production capacity to 10,000 metric tons, including 6,000 metric tons of high-performance sintered magnets, with delivery and installation planned by November 2026. ULVAC must provide a performance guarantee and cargo insurance, while EM&T retains cancellation rights subject to tiered fees.
Evolution Metals & Technologies Corp. entered into a financing agreement with Yorkville for up to $100 million of convertible debentures. The first debenture of $20 million has been issued, a second for $5.775 million is tied to an S-1 becoming effective, and additional tranches may follow by mutual agreement.
The debentures mature on November 7, 2027, carry 5% annual interest (rising to 18% on default), and are issued at 97% of principal. They are convertible at the lower of $12.09 or 95% of the lowest 5-day VWAP, subject to Nasdaq exchange caps and a 4.99% beneficial ownership limit. EMAT plans to use proceeds for general corporate purposes and expansion of its rare earth magnet operations.
Evolution Metals & Technologies Corp. (EMAT) filed an amended report to add full 2025 financial statements and analysis for EMAT, Evolution Metals LLC (EM LLC) and four Korean subsidiaries acquired in the January 5, 2026 business combination.
EM LLC reported a net loss of approximately $617,995,844 for 2025 and an accumulated deficit of about $676,957,426 as of December 31, 2025. Large derivative liabilities tied to financing structures — including a July Investment Agreement Derivative of $379,204,796 and CPU Share Allocation Obligations of $292,679,981 — drove most of the loss. EM LLC ended 2025 with cash of $11,684,923 but a net working capital deficit of roughly $659,955,000.
Management and the auditors highlight substantial doubt about the company’s ability to continue as a going concern, noting that the business plan depends on future financing and that the business combination did not bring significant external funding. EMAT also filed unaudited pro forma combined financials and MD&A for EMAT, EM LLC, KCM, KMMI, NS World and Handa Lab to show how the combined group would have looked for 2025.
Evolution Metals & Technologies Corp. released a new corporate video highlighting its current commercial operations. The video showcases production of sintered magnets, bonded magnets, and mid-stream critical minerals processing, and is available on the company’s website in the investor relations media section.
The company describes itself as a U.S.-based critical materials and advanced manufacturing business focused on building a secure, non-China-dependent supply chain for rare earth permanent magnets, battery materials, and related technologies, using commercial-scale operations, advanced processing methods, and strategic partnerships.
Evolution Metals & Technologies Corp. (EMAT) furnished an investor presentation outlining its plan to build a fully integrated U.S. supply chain for rare earth magnets and battery materials with no reliance on China.
The presentation describes existing mid‑ and downstream operations in Korea with 660 tons of annual critical materials production and a strategy to replicate and scale these capabilities at a single U.S. industrial campus. EMAT highlights closed‑loop recycling of end‑of‑life batteries and e‑waste, including U.S. government e‑scrap, as its primary feedstock.
Management presents a planned U.S. buildout totaling $2.5 billion of capital expenditures across e‑scrap and battery recycling, large hydrometallurgical and pyrometallurgical plants, and magnet metal, alloy and finished magnet facilities, targeting 55,000 tons per year of rare earth magnet capacity and 78,000 tons of battery salts and p by 2029.