Announcement • May 27
Evolution Metals & Technologies Corp Announces Regaining Compliance with Nasdaq Listing Rule On May 21, 2026, Evolution Metals & Technologies Corp. (the Company) received a notice (the Notice) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq) notifying the Company that as it had not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the Form 10-Q), the Company no longer complies with Nasdaq Listing Rule 5250(c)(1). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the SEC). The Company previously filed a Form 12b-25 with the SEC on May 15, 2026, disclosing that it was unable to file the Form 10-Q within the prescribed time period without unreasonable effort or expense. The Notice has no immediate effect on the listing of the Company's common stock. The Company filed the Form 10-Q on May 22, 2026, thereby curing the deficiency described in the Notice. On May 26, 2026, the Company received notice from Nasdaq that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) and that the matter is now closed. EMAT
Live News • May 26
Evolution Metals Plans 10,000 Ton Rare Earth Magnet Expansion While Flagging Capital Challenges EM&T is ordering thirteen rare earth magnet production machines from ULVAC Korea, aiming for 10,000 metric tons of annual magnet capacity, including 6,000 metric tons of high-performance sintered magnets, by November 2026.
The company positions this capacity expansion as a way to address U.S. defense supply chain needs and reduce reliance on Chinese magnet suppliers ahead of a 2027 deadline for replacing Chinese imports.
EM&T has delayed its Q1 2026 Form 10-Q filing to May 20, 2026, citing complex accounting from its recent SPAC merger and acquisition of four Korean businesses, and has flagged substantial doubt about its ability to continue as a going concern while pursuing additional capital, including a US$100m convertible debt deal with Yorkville Advisors.
The combination of aggressive capacity build-out and stated going-concern risks points to an execution story that hinges heavily on access to fresh capital and successful integration of the acquired Korean operations.
Investors may wish to weigh the potential benefits of scaled rare earth magnet production against dilution risk from equity and convertible financing and the company’s disclosed liquidity pressures. Announcement • May 17
Evolution Metals & Technologies Corp. announced delayed 10-Q filing On 05/15/2026, Evolution Metals & Technologies Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 
