Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (EM&T) is a holding company focused on an integrated midstream and downstream critical materials platform. The company specializes in recycling, processing, and manufacturing products from end-of-life materials, including rare earth elements, permanent magnets, battery metals, and precious metals. EM&T's primary operating subsidiary is Evolution Metals LLC (EM), a Delaware limited liability company formed in February 2024. EM was established to acquire and integrate operating businesses with commercial capabilities in critical materials recycling, metal and alloy manufacturing, and advanced materials processing. Prior to a business combination on January 5, 2026, EM acquired four Republic of Korea corporations: Handa Lab Co., Ltd., KCM Industry Co., Ltd., KMMI INC., and NS World Co., Ltd. These "Korean Companies" operate commercial-scale facilities that produce rare earth oxides, metals, alloys, powders, and permanent magnets, forming the core operating assets of EM. As a result of the January 5, 2026 merger, EM became a wholly owned subsidiary of EM&T. EM&T, as the sole equity owner of EM, controls the management and operations of EM and its subsidiaries, including the Korean Companies. All of EM&T's assets are held directly or indirectly by, and all operations are conducted through, EM and its subsidiaries.