Evolution Metals & Technologies
St. Louis, Missouri, United States · Energy, Manufacturing, Mineral
Evolution Metals & Technologies Corp. is a new publicly traded firm focused on providing materials for alternative energy sources. The firm aims to fill the supply chain gaps in the energy transition metals sector in North America. It will focus on rare earth elements and other materials used in electric vehicles. The company will employ strategic partnerships to enhance domestic supply chains.
Key facts
- Headquarters
- St. Louis, Missouri, United States
- Employees
- 51
- Industries
- Energy, Manufacturing, Mineral
- Status
- Public (EMAT)
- Company page
Recent activity at Evolution Metals & Technologies
- : SEC 8-K (7.01): On October 15, 2026, Evolution Metals & Technologies Corp. (EM&T) announced the beginning of deliveries for a significant order of sintered magnet production equipment from ULVAC, aimed at enhancing their production capacity in Pohang, Republic of Korea. The installation of thirteen ULVAC machines is expected to increase annual rare earth magnet production from 1,000 metric tons to about 10,000 metric tons, of which 6,000 metric tons will be high-performance sintered magnets. The press release also reaffirmed the company's fiscal 2027 revenue guidance between $400 million and $460 million and highlighted a ribbon-cutting ceremony for the facility's expansion on December 17, 2026. This development signifies a strategic move to strengthen EM&T's position in the rare earth materials market and enhance production capabilities amid growing demand.
- : SEC 8-K (7.01): On October 14, 2026, Evolution Metals & Technologies Corp. (EM&T) issued a press release highlighting its strong position in the global sintered neodymium-iron-boron (NdFeB) magnet market, asserting that it captures approximately 75% of the market revenue and 52% of the volume. The company reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million and announced plans to begin acquiring equipment for producing samarium cobalt (SmCo) magnets by mid-2027, which are crucial for U.S. military applications. This strategic move aims to enhance EM&T's capabilities in the rare earth magnet sector and aligns with ongoing contracts with the U.S. Army, demonstrating the company's focus on growth and market leadership in this vital industry.
- : SEC 8-K (7.01): On October 9, 2026, Evolution Metals & Technologies Corp. issued a press release raising its revenue guidance for fiscal year 2026. The Company now expects revenue to be between $10 million to $11 million, an increase from the previously projected range of $5 million to $8 million announced on September 10, 2026. However, the revenue guidance for fiscal 2027 remains unchanged at $400 million to $460 million. This adjustment reflects a positive outlook for the Company's financial performance and may have implications for investor confidence and market perception.
- : Evolution Metals Partners with INERGX for Energy Solutions
- : SEC 8-K (7.01): On October 5, 2026, Evolution Metals & Technologies Corp. announced via a press release that it will hold a ribbon-cutting ceremony for its new facility in Pohang, South Korea on December 17, 2026. This event signifies a major milestone for EM&T as it expands its operations in the region, including plans to increase annual rare earth magnet production capacity to approximately 10,000 metric tons. The press release also outlines various forward-looking statements regarding the company's strategic initiatives and potential challenges related to this expansion. The timely execution and impact of this event could significantly influence EM&T's operational capabilities and market position.
- : SEC 8-K (7.01): On October 6, 2026, Evolution Metals & Technologies Corp. entered into a Strategic Partnership Letter of Intent (LOI) with UK-based INERGX Energy Optimisation Ltd. This partnership aims to engineer, supply, integrate, and service energy storage and power optimization systems for EM&T’s upcoming critical materials and battery black mass recovery facility in the United States. This agreement signifies a strategic move to enhance EM&T's operational capabilities in the energy sector, supporting sustainable practices in battery recycling. Key parties involved are EM&T and INERGX, with the collaboration aimed at bolstering EM&T's infrastructure based on the LOI dated October 6, 2026.
- : SEC 8-K (7.01): Evolution Metals & Technologies Corp. (EMAT) has entered into a non-binding letter of intent (LOI) with VIVIFY Technology Corporation, dated September 30, 2026, concerning a strategic energy collaboration where VIVIFY will act as a primary partner in hydrogen energy technologies and infrastructure for EMAT’s planned U.S. expansion. This collaboration is viewed by EMAT as a critical advancement in securing a domestic energy solution for its upcoming rare earth magnet campus. The announcement was made via a joint press release on October 1, 2026, and the LOI includes confidentiality provisions and terms related to public disclosures.
- : SEC 8-K (7.01): On September 21, 2026, Evolution Metals & Technologies Corp. announced its inclusion in the Russell 3000 Index and the Russell 2000 Index, effective immediately upon the opening of U.S. equity markets on the same day. This marks a significant development for the Company, potentially enhancing its visibility and appeal to institutional investors. The announcement was made via a press release, which has been included as Exhibit 99.1 in the filing.
- : SEC 8-K (1.01): On September 17, 2026, Evolution Metals & Technologies Corp. entered into a Securities Purchase Agreement with YA II PN, LTD., agreeing to issue and sell convertible debentures totaling $30,927,835. The first debenture of $22,000,000 was issued on the same date, with a second expected to follow for $2,000,000. These debentures are convertible into shares of the Company's common stock, potentially impacting the Company's capital structure. This strategic move aims to secure necessary financing for operations or growth initiatives.
- : Evolution Metals Secures $30.9 Million in Convertible Debentures
Evolution Metals & Technologies funding history
| Date | Round | Amount |
|---|---|---|
| Sep 2026 | Convertible Note | $30.9M |
| Aug 2026 | Convertible Note | $25.8M |
| Aug 2026 | Venture | $100.0M |
| May 2026 | Venture | $20.0M |
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About Evolution Metals & Technologies: questions and answers
What does Evolution Metals & Technologies do?
Evolution Metals & Technologies Corp. is a new publicly traded firm focused on providing materials for alternative energy sources. The firm aims to fill the supply chain gaps in the energy transition metals sector in North America. It will focus on rare earth elements and other materials used in electric vehicles. The company will employ strategic partnerships to enhance domestic supply chains.
Where is Evolution Metals & Technologies headquartered?
Evolution Metals & Technologies is headquartered in St. Louis, Missouri, United States.
How many employees does Evolution Metals & Technologies have?
Evolution Metals & Technologies has about 51 employees.
Has Evolution Metals & Technologies raised funding?
Yes. Fundz has recorded 4 funding events for Evolution Metals & Technologies. The most recent, Convertible Note of $30.9M, was in Sep 2026.
What is the latest news on Evolution Metals & Technologies?
On Oct 15, 2026, SEC 8-K (7.01): On October 15, 2026, Evolution Metals & Technologies Corp. (EM&T) announced the beginning of deliveries for a significant order of sintered magnet production equipment from ULVAC, aimed at enhancing their production capacity in Pohang, Republic of Korea. The installation of thirteen
Is Evolution Metals & Technologies a public company?
Yes. Evolution Metals & Technologies is publicly traded under the ticker EMAT.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy