Evolution Metals & Technologies Corp. Common Stock

Evolution Metals & Technologies Corp. raised its fiscal 2026 revenue guidance to $10 million to $11 million, up from the previous range of $5 million to $8 million issued on September 10, 2026, a 62% increase at the midpoint. The company also reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million, whose $430 million midpoint represents roughly 41 times the raised fiscal 2026 midpoint. The Miami-based critical materials and advanced manufacturing company said the raise reflects an expanded ex-China rare earth feedstock position, improved rare earth pricing and continued strong commercial demand. Thirteen additional ULVAC sintered magnet production machines are scheduled for delivery in October 2026 and will be installed immediately after delivery in Pohang, Republic of Korea, where they are expected to lift annual magnet production capacity above 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets. Chief Executive Officer Frank Moon said the company will showcase what it believes is the largest commercial magnet facility in the world, ex-China, on December 17, 2026, and President Andrew Knaggs pointed to DFARS 252.225-7052, which is expected to extend the mine-to-magnet restriction across the entire neodymium-iron-boron magnet supply chain beginning January 1, 2027.

Evolution Metals & Technologies Corp. has signed a Strategic Partnership Letter of Intent with UK-based INERGX Energy Optimisation Ltd. to engineer, supply, integrate and service the energy storage and power optimization systems for its planned critical materials and battery black mass recovery facility in the United States. The Facility is planned at approximately 1 GW of on-site capacity within two years, equivalent to the output of one typical U.S. nuclear reactor, and up to approximately 5 GW at full build-out, equivalent to five reactors and to the annual electricity use of approximately 4 million American homes, powered by on-site LNG generation. Under the LOI, INERGX intends to source cells, packs and battery management systems through qualified European or other approved non-China partners, with full country-of-origin documentation and no change in source without EM&T's written approval, addressing the roughly 85% share of global battery cell manufacturing capacity located in China in 2024. INERGX will carry out a First Block Study within eight weeks of receiving EM&T's site inputs, with definitive agreements for the first block targeted within twelve weeks of the study's delivery and acceptance, and a long-term service agreement with an anticipated initial term of ten years. The partnership comes as EM&T executes on its previously announced fiscal 2027 revenue guidance of $400 million to $460 million, reflecting the expected first full-year contribution from expanding its Pohang, Republic of Korea magnet capacity to approximately 10,000 metric tons annually.

Evolution Metals & Technologies has agreed to a US$30.9 million private placement of convertible debentures with a Yorkville Advisors managed fund. The deal comprises three debentures with a combined principal of US$30,927,835 at a 97% purchase price, meaning the company receives slightly less than face value in cash. Conversion terms tie potential share issuance to whichever is lower between a fixed US$5.02 price and 95% of recent trading levels, subject to a floor. The financing lands as the stock has fallen 10.35% in the last session, contributing to a 71.79% year to date decline and a 74.54% drop in one year total shareholder return, even as the company points to ambitious 2026 to 2027 revenue guidance. On Simply Wall St's numbers, the shares trade at $3.34 against an SWS DCF model fair value estimate of $97.