Evolution Metals & Technologies (EMAT) investor relations material

Company overview and business model

• Operates an integrated platform for critical materials, rare earth elements, and advanced magnet technologies, focusing on recycling, processing, and manufacturing for clean energy, electrification, aerospace, defense, and advanced manufacturing sectors.

• Business model leverages recycling of end-of-life materials, midstream and downstream processing, and AI-enabled automation to deliver secure, traceable, and sustainable materials.

• Recent business combination with a SPAC resulted in public listing on Nasdaq under the ticker EMAT.

Financial performance and metrics

• For the six months ended June 30, 2026, reported revenues of $3.5 million and a net loss of $452.2 million, with a working capital deficit of $78.8 million.

• As of June 30, 2026, cash and cash equivalents were $5.3 million; accumulated deficit was $1.13 billion.

• Pro forma 2025 revenue for the combined entity was $6.8 million, with a pro forma net loss of $33.9 million.

• All acquired Korean subsidiaries (KCM, KMMI, NS World, Handa Lab) reported operating losses and negative working capital, with going concern uncertainties.

Use of proceeds and capital allocation

• Proceeds from convertible debentures are intended for general corporate purposes, including expansion of operations and development initiatives.

• Significant capital expenditures planned for U.S. industrial campus, equipment purchases, and integration of acquired subsidiaries.