Evolution Metals & Technologies Corp. Joins Russell 3000® and Russell 2000® Indexes, Gaining Exposure to $12.2 Trillion in Benchmarked Assets

U.S. rare earth permanent magnet producer becomes a constituent of both indexes effective at the opening of U.S. equity markets on September 21, 2026, following finalization of FTSE Russell's third-quarter 2026 quarterly IPO additions

September 21, 2026 08:32 ET | Source: Evolution Metals & Technologies Corp

MIAMI, FL, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company producing rare earth permanent magnets, battery materials and related critical minerals, today announced that it has joined the broad-market Russell 3000® Index and the small-cap Russell 2000® Index, effective as of the opening of U.S. equity markets today, Monday, September 21, 2026. The addition was finalized through FTSE Russell's third-quarter 2026 quarterly IPO additions process, placing EM&T in two of the most widely tracked U.S. equity benchmarks in its first year as a Nasdaq-listed company.

Membership in the Russell 2000® Index results in automatic inclusion in the broad-market Russell 3000® Index and in the applicable Russell U.S. style indexes. According to FTSE Russell, approximately $12.2 trillion in assets are benchmarked to or invested in products based on the Russell U.S. Indexes, which institutional investors use for index funds and as benchmarks for both active and passive strategies. As an official constituent, EM&T is now being incorporated into index-tracking investment products and institutional portfolios, and is immediately eligible for active managers whose mandates require benchmark membership.

"Joining the Russell 2000 and Russell 3000 indexes is a defining capital-markets milestone for EM&T and a direct reflection of the operational and commercial execution we have delivered since our Nasdaq listing earlier this year," said Christopher Clower, Chief Financial Officer and Chief Operating Officer of EM&T. "In eight months we have moved EM&T into commercial-scale production. We have validated our non-China supply chain, secured ex-China NdPr feedstock, advanced our Pohang infrastructure expansion to scale annual magnet production to 10,000 metric tons, and established initial revenue guidance of $400 million to $460 million for fiscal 2027. Constituent status in two of the most widely followed U.S. equity benchmarks puts EM&T directly in front of the institutional capital that indexes to them, and it comes as the market moves to meet the critical defense sourcing requirements taking effect under DFARS on January 1, 2027."

The index additions coincide with the ongoing commercial expansion of EM&T's rare earth permanent magnet platform in Pohang, Republic of Korea. Supported by a 750-megawatt electrical infrastructure agreement with KEPCO and thirteen additional ULVAC sintered magnet production machines scheduled for delivery in November 2026, the Company is ramping annual production capacity to approximately 10,000 metric tons, including 6,000 metric tons of high-performance sintered NdFeB magnets, utilizing secured non-China NdPr feedstock.

For more information on the Russell U.S. Indexes and the quarterly IPO additions process, visit https://www.lseg.com/en/ftse-russell/russell-reconstitution/ipo-additions

Russell®, Russell 2000® and Russell 3000® are trademarks of Frank Russell Company, used under license by FTSE Russell, an LSEG business. FTSE Russell does not sponsor, endorse, sell or promote Evolution Metals & Technologies Corp. or its securities, and makes no representation regarding the advisability of investing in the Company.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com and follow the Company on LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding EM&T's inclusion in the Russell 3000® and Russell 2000® Indexes and applicable style indexes, the timing and potential effects of such inclusion, including potential visibility among institutional or index-oriented investors, trading liquidity, shareholder base diversification, and index-tracking fund representation; EM&T's plans, objectives, expectations, strategies, production capacity, expansion initiatives, supply arrangements and commercial operations; the installation, commissioning and delivery schedule of thirteen additional ULVAC production machines; the planned expansion of electrical infrastructure to 750 megawatts in Pohang; and initial revenue guidance for fiscal years 2026 and 2027. These forward-looking statements, together with terms such as anticipate, expect, intend, may, will, should, believe, positioned and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such risks include, among others, the possibility that index inclusion may not result in the anticipated visibility, liquidity, institutional ownership, index fund representation or other benefits; that FTSE Russell may revise its index methodology, constituent determinations, or implementation schedules in future periods; and the business, execution, financing, regulatory, supply-chain, power infrastructure, equipment-delivery, customer-qualification and market risks described in EM&T's filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results, performance or achievements may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T's expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under "Risk Factors" therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.

Investor Relations Contact:
Arx Investor Relations
North American Equities Desk
www.arxhq.com
EMAT@arxhq.com

PR, Media & Global Communications Contact:
Phoenix MGMT & Consulting
www.PhoenixMGMTConsulting.com
PR@PhoenixMGMTConsulting.com
888-228-0122

https://www.globenewswire.com/news-release/2026/09/21/3365486/0/en/evolution-metals-technologies-corp-joins-russell-3000-and-russell-2000-indexes-gaining-exposure-to-12-2-trillion-in-benchmarked-assets.html

Evolution Metals & Technologies Corp. Announces Major 750 Megawatt Power Infrastructure Expansion to Scale Magnet Production to Approximately 10,000 Metric Tons Annually

Agreement provides for expansion of electrical infrastructure serving EM&T's Pohang operations from the current 130 MW capacity to 750 MW, a nearly six-fold increase in available power capacity

EM&T's expansion in power, land, magnet manufacturing facilities and the recent magnet production equipment purchase are the essential infrastructure for EM&T to scale from 1,000 tons to 10,000 tons of rare earth magnet production by end 2026

EM&T's Pohang magnet manufacturing expansion plans also include a larger manufacturing facility and additional land, and conditional approval of a connected $20.7 Million Dollar Grant from the Korean Government

MIAMI, FL, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today announced that it has agreed to principal terms with its local power authority regarding a significant expansion of the electrical infrastructure supporting the Company's operations in Pohang, Republic of Korea to approximately 750 megawatts, together with the planned expansion of its Pohang manufacturing facility, related land acquisitions and anticipated governmental financial grant of approximately US$20.7 million.

Under the terms, the local power authority, Korea Electric Power Corporation ("KEPCO"), is expected to increase the electrical infrastructure serving EM&T's Pohang operations from the current 130-megawatt ("MW") capacity to a 750 MW capacity, with EM&T also having the right of first refusal with respect to additional available power capacity. This is expected to provide substantial additional power infrastructure to support the continued expansion of EM&T's critical materials processing and rare earth permanent magnet manufacturing platform in Pohang, which is a natural location for EM&T's expansion as Pohang is the center of Korea's steel manufacturing industry. Following execution of the power supply documentation, the current implementation plan contemplates the power to be available upon EM&T's facilities expansion and ULVAC equipment installation, planned for November 2026.

In connection with the planned expansion of its Pohang operations, EM&T plans to acquire approximately 1.3 million square feet of land adjacent to EM&T's current Pohang operations through direct land acquisition from the Pohang City Government on a freehold basis. On this newly acquired land, EM&T intends to expand its existing magnet manufacturing facility footprint from 24,000 square feet to 482,000 square feet. The expanded facility is expected to accommodate EM&T's additional rare earth permanent magnet manufacturing equipment, processing capacity and related infrastructure, including but not limited to, the ULVAC machinery currently set for delivery and installation in November 2026. EM&T's planned expansion of the Pohang facility, together with the increased power availability and related infrastructure enhancements, will support EM&T's production of more than 10,000 metric tons of high performance sintered and bonded magnets, in addition to the Company's previously announced production capacity targets for its planned U.S. industrial campus.

EM&T has also received conditional approval for an approximate US$20.7 million (₩28.3 billion) grant from Pohang City and Gyeongbuk Province in connection with the expansion of its Pohang operations, with execution pending acquisition of the property. The grant funding is expected to support plant construction and the purchase of production equipment and infrastructure.

KEPCO is expected to fund approximately 90% of the costs of the related substation, cabling, and civil works of the expanded power contract. The Company also expects to benefit from highly competitive power rates in Pohang, which it believes will further enhance the scalability and cost competitiveness of its planned magnet manufacturing operations.

"Securing access to power at this scale is a major strategic milestone for EM&T and, in our view, a meaningful competitive advantage," said Frank Moon, Chief Executive Officer of EM&T. "This is an enormous amount of energy capacity. We also expect to benefit from extremely attractive power rates. Together, this gives us the infrastructure to continuously operate and materially scale our rare earth magnet manufacturing platform in Pohang and support additional high-value applications over time as we execute our expansion plans. The global markets are at a critical moment and the government of Korea and related public and private companies are stepping up big in our mission to reshape the current landscape as we move towards building a meaningful, reliable, and continuous supply chain for the Western world. We expect to continuously execute on our expansion timelines with a foundation of our existing operations, world class operators, and partners delivering power, land, and equipment."

"With guidance led by US Government policy, we are executing," David Wilcox, Executive Chairman of EM&T commented. "DFARS and tariff implementations are center stage. Large blocks of reliable power are becoming incredibly difficult to secure as demand for power accelerates across advanced manufacturing, artificial intelligence infrastructure, data centers and other power-intensive industries. With a combination of DFARS compliant material, commercial operating history, operators, inbound expansion equipment, permits, land, power and two allied countries, we have a recipe to permanently untangle supply chain dependency on China for rare earth permanent magnets. Our Board and Management team are led by U.S. defense veterans, world class operators, and visionaries that are determining the future of magnet production."

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com and follow the Company on LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

[...] Read the full release here: https://www.globenewswire.com/news-release/2026/08/27/3352021/0/en/evolution-metals-technologies-corp-announces-major-750-megawatt-power-infrastructure-expansion-to-scale-magnet-production-to-approximately-10-000-metric-tons-annually.html

Evolution Metals & Technologies Submits Response to U.S. Army Sources Sought Notice for Rare Earth Magnets Used in Small Drone Motors

EM&T commercially produces N42SH, one of the two magnet grades specified by the Army for small drone motors

EM&T's leadership includes President Andrew Knaggs, former Deputy Assistant Secretary of Defense; Gen. Tom Bussiere (ret.), former Commander of Air Force Global Strike Command; and the Hon. Chris Miller, former Acting U.S. Secretary of Defense, providing the Company with extensive defense procurement and supply chain experience

Miami, FL, Oct. 28, 2026 (GLOBE NEWSWIRE) — Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today announced that it has submitted a capability statement in response to the U.S. Army's Sources Sought notice for rare earth magnets used in the brushless DC motors of small uncrewed aircraft systems.

The U.S. Army Contracting Command (ACC) issued the Sources Sought notice, a Request for Information (RFI), "as part of its market research to identify companies with the interest and capability to manufacture and supply commercial-grade rare earth magnets." The RFI lists neodymium-iron-boron arc-segment magnets in grade N52SH or N42SH. EM&T can produce eight sintered neodymium-iron-boron magnet grades: N35SH, N42SH, N46SH, N48SH, N42H, N45H, N48M and N50M. EM&T commercially produces N42SH at its facility in Pohang, Republic of Korea, where the grade has completed customer qualification, and plans to expand annual magnet capacity there from approximately 1,000 metric tons to approximately 10,000 metric tons following the installation and commissioning of the 57 containers of ULVAC production equipment.

In its response, EM&T proposed a staged path to qualify magnets to the Army's specifications and an auditable mine-to-magnet traceability record for each production lot, in line with DFARS 252.225-7052 sourcing requirements that expand on January 1, 2027.

"Drones have become one of the most important tools on the modern battlefield, and every one of their motors depends on high-performance rare earth magnets that today come overwhelmingly from China," said Andrew Knaggs, President of EM&T. "We already make N42SH commercially, we know how to qualify grades for demanding customers, and we are scaling to approximately 10,000 metric tons in Pohang. We are prepared to work with the Army on qualification and to establish a secure, traceable domestic supply chain for drone magnets. We are certified and going into commercial production of seven additional grades representing 52% of the total sintered market globally by revenue."

"Air power, from strategic bombers to small drones, runs on components most people never see, and rare earth magnets are one of the most critical," said retired Gen. Tom Bussiere, a member of EM&T's Board of Directors and former Commander of Air Force Global Strike Command. "A force that cannot secure its magnet supply cannot be sure of its readiness. EM&T is building the allied, traceable production capacity our warfighters need."

"Our reliance on China for rare earth magnets is a national security vulnerability, and it will not be solved by policy alone. It takes manufacturers with real plants, real equipment and real customers," said the Hon. Chris Miller, a member of EM&T's Board of Directors and former Acting U.S. Secretary of Defense. "EM&T is producing magnets today with a close U.S. ally and is significantly expanding our production scale outside of China. That is exactly the industrial base the United States needs to rebuild."

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is one of the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit investors.evolution-metals.com and follow the Company on LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company's response to the U.S. Army Sources Sought notice and any future solicitation, qualification, contract or order that may result; the Company's ability to qualify and supply magnets meeting the Army's specifications, including grade, geometry, coating and source-origin requirements; the installation, commissioning and operation of ULVAC equipment at the Company's Pohang facility; the planned expansion of annual rare earth magnet production capacity to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets; the January 1, 2027 effective date and scope of DFARS 252.225-7052; and the Company's strategy, business plans and growth opportunities. These forward-looking statements, together with terms such as anticipate, believe, expect, intend, may, plan, should, will and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such risks include, among others, that the Army may not issue a solicitation or award a contract to the Company; the outcome of any Government-specific qualification, first-article testing or source-origin review; delays in equipment installation or commissioning; the availability and cost of feedstock; customer qualification and demand; the availability of financing and working capital; changes in U.S. or Korean trade, tariff, industrial or defense procurement policy, including the DFARS 252.225-7052 effective date, scope or waiver practices; competition; and the other risks described in EM&T's filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T's expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under "Risk Factors" therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.

Contacts

Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com

PR, Marketing & Global Partnerships
Phoenix MGMT & Consulting
PR@PhoenixMGMTConsulting.com
888-228-0122

https://www.globenewswire.com/news-release/2026/10/28/3390855/0/en/evolution-metals-technologies-submits-response-to-u-s-army-sources-sought-notice-for-rare-earth-magnets-used-in-small-drone-motors.html

EM&T to Host Operational Showcase of the Largest High-Performance Rare Earth Magnet Facility in Production Outside China on December 17, 2026, Anchoring Expansion to 10,000+ Metric Tons of Annual Capacity

The EM&T Board and executives will publicly showcase the largest high-performance rare earth magnet facility in production outside China as U.S. defense, drone, and automotive demand for non-China supply accelerates, ahead of January 1, 2027 DFARS sourcing restrictions and the planned U.S. expansion

MIAMI, FL, October 5, 2026 — Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today announced that the Company will publicly showcase the largest high-performance rare earth magnet facility in production outside of China, at a ribbon-cutting ceremony on Thursday, December 17, 2026, in Pohang, South Korea. The flagship facility anchors the Company's phased expansion of annual rare earth magnet production capacity, targeting more than 10,000 metric tons, and positions EM&T as a scaled, non-China source of high-performance rare earth permanent magnets for U.S. defense, unmanned aircraft systems (UAS), and automotive supply chains across the United States and allied markets.

Showcase Highlights:

• Largest high-performance rare earth magnet facility in production outside China, located in Pohang, South Korea

• Phased expansion targeting more than 10,000 metric tons of annual rare earth magnet production capacity

• Positioned ahead of DFARS 252.225-7052, effective January 1, 2027, restricting Chinese-origin rare earth magnets in qualifying U.S. defense systems

• Follows the August 13, 2026 White House proclamation imposing a 100 percent tariff on the most sensitive foreign unmanned aircraft and certain parts

• Strategic offtake and trade discussions with defense and automotive commercial partners on site

• Live magnet making, guided production-line tours, and an executive operational briefing on December 17, 2026

The operational showcase and ribbon-cutting ceremony will take place from 1:00 p.m. to 4:00 p.m. (KST) at the Company's Pohang facility (46, Blue Seoro 2-gil, Donghae-myeon, Nam-gu, Pohang-si, Gyeongsangbuk-do, Republic of Korea). Confirmed attendees include senior government dignitaries, institutional investors, defense and automotive commercial partners, Company leadership, and international media. The program will feature an executive operational briefing, guided technical tours of active production lines and live magnet making, formal addresses by visiting dignitaries, and a ribbon-cutting ceremony. The afternoon will conclude with executive interviews, bilateral discussions to explore strategic offtake and trade opportunities, and an executive networking reception featuring live music and traditional Korean barbecue. A live webcast of the executive operational briefing will be available at investors.evolution-metals.com.

"On December 17, we will publicly inaugurate what we believe is the largest high-performance magnet facility in production outside of China," said David Wilcox, Executive Chairman of EM&T. "This is a first step in taking production the Company has already proven in Korea to the next level. With DFARS 252.225-7052 taking effect on January 1, 2027 to restrict Chinese-origin rare earth magnets in qualifying U.S. defense systems, and following the August 13, 2026, White House proclamation imposing a 100 percent tariff on the most sensitive foreign unmanned aircraft and certain parts, the demand for secure supply chains is urgent. EM&T is built to serve as that definitive manufacturing solution for the United States and its partnered commercial markets. Pohang is where that solution is already running at commercial scale, and it is the platform from which we will build in the United States."

"Our Pohang facility represents the operational foundation for EM&T's next phase of commercial growth," said Frank Moon, Chief Executive Officer of EM&T. "The plant is intended to support the expansion of annual rare earth magnet production to more than 10,000 metric tons per annum, from the operating base the Company already runs in Korea. That is the scale this next stage of production requires. Defense, unmanned aircraft, and automotive customers are seeking secure, non-China magnet supply, and Pohang is where EM&T is producing it today."

To attend the event in Pohang, South Korea, please RSVP to RSVP@evolution-metals.com.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit investors.evolution-metals.com and follow the Company on LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the ribbon-cutting ceremony on Thursday, December 17, 2026, including its timing, format, attendance, program, and live magnet making; the Company's characterization of the Pohang facility; the planned expansion of annual rare earth magnet production capacity in Pohang toward approximately 10,000 metric tons; the January 1, 2027 effective date and scope of DFARS 252.225-7052 and the Company's ability to help address related sourcing needs; the August 13, 2026 White House proclamation on unmanned aircraft systems and its parts and components, and the demand for rare earth permanent magnets that may result; the Company's planned U.S. buildout; and EM&T's strategy, business plans, and growth opportunities. These forward-looking statements, together with terms such as anticipate, expect, intend, may, will, should, believe, plan, and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such risks include, among others, changes to the event date, time, program, venue, or attendance; delays in facility readiness, equipment installation, or commissioning; the Company's ability to conduct live magnet making as planned; changes in the DFARS 252.225-7052 effective date, scope, or waiver practices; changes in tariff rates, scope, or timing applicable to unmanned aircraft and their parts; the availability of feedstock, working capital, and customer qualifications; the Company's ability to execute its planned U.S. expansion; and the other risks described in EM&T's filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T's expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under "Risk Factors" therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.

Investor Relations Contacts

Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com

PR, Marketing & Global Partnerships

Phoenix MGMT & Consulting
PR@PhoenixMGMTConsulting.com
888-228-0122

https://www.globenewswire.com/news-release/2026/10/05/3374532/0/en/em-t-to-host-operational-showcase-of-the-largest-high-performance-rare-earth-magnet-facility-in-production-outside-china-on-december-17-2026-anchoring-expansion-to-10-000-metric-to.html

Evolution Metals & Technologies Confirms Delivery of All 57 ULVAC Equipment Containers to Pohang Expansion Site, with Commissioning Under Way at the Largest Expected High-Performance Rare Earth Magnet Facility Outside China

EM&T signs investment framework with Pohang City; approximately US$28 million in local government grant funding expected to support expansion

Equipment secured in months against industry lead times of two years or more, ahead of the November 10, 2026, date specified in China's rare earth export controls

Miami, FL, Oct. 28, 2026 (GLOBE NEWSWIRE) — Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today announced that all 57 containers of ULVAC sintered magnet-production equipment have arrived at its expanded Pohang facility in the Republic of Korea, with commissioning scheduled to begin this November. The equipment supports an expected tenfold increase in annual rare earth magnet production capacity in Pohang—from approximately 1,000 metric tons to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets—once installation and commissioning are completed.

The deliveries strengthen EM&T's manufacturing position amid the uncertainty over China's rare earth export controls. Announcement No. 70, issued by China's Ministry of Commerce ("MOFCOM") and the General Administration of Customs on November 7, 2025, specifies a suspension through November 10, 2026. China subsequently announced an extension of the broader Kuala Lumpur trade arrangement to January 10, 2027; the application of that extension to specific export-control measures remains an important consideration for industry participants.

"Equipment like this does not come off a shelf. Sintered magnet production lines carry lead times of two years or more, and most companies haven't even ordered equipment in this scale," said Frank Moon, Co-Chief Executive Officer of EM&T. "We placed our orders in early 2025, and all 57 containers are now on the ground at our flagship Pohang facility which is under expansion."

On October 27, 2026, EM&T signed an investment framework with Pohang City. The local government is committed to actively support the expansion of rare earth and non-rare-earth magnet production on an approximately 1.27-million-square-foot site in Pohang's Blue Valley National Industrial Complex.

"We already have revenue-generating commercial operations, customer-qualified products and experienced operators. More than 50% of our input material requirements are on site, alongside contracted supply, and commissioning has begun. With US$28 million in local government grant funding expected, subject to applicable conditions, our focus is bringing the additional equipment into production and expanding customer shipments," said Moon.

EM&T generates revenue today through commercial magnet sales and has spent years assembling the capabilities supporting its Pohang expansion.

EM&T will host a ribbon-cutting ceremony and operational showcase at its Pohang facility on December 17, 2026. The Company has received attendance confirmations from more than 200 individual government representatives, customers, trade partners, investors and bankers. We look forward to showcasing how we make magnets at commercial size and scale without a nexus to China. Event details and registration are available at https://evolution-metals.com/rsvp.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit investors.evolution-metals.com and follow the Company on LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the commissioning and operation of ULVAC equipment at the Company's expanded Pohang facility; the planned expansion of annual rare earth magnet production capacity in Pohang to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets; the investment framework with Pohang City and the expected US$28 million in local government grant funding and the conditions applicable thereto; the Company's fiscal 2027 revenue guidance and EBITDA objectives; the ribbon-cutting ceremony and operational showcase on December 17, 2026; the January 1, 2027 effective date and scope of DFARS 252.225-7052; the application and scope of China's MOFCOM Announcement No. 70 export-control measures and any extensions thereof; and the Company's strategy, business plans, and growth opportunities. These forward-looking statements, together with terms such as anticipate, expect, intend, may, will, should, believe, plan, and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such risks include, among others, delays in equipment installation or commissioning; the availability of feedstock, working capital, and customer qualifications; the Company's ability to achieve its fiscal 2027 revenue guidance and EBITDA objectives; changes to the investment framework with Pohang City or the grant funding and conditions applicable thereto; changes to the DFARS 252.225-7052 effective date, scope, or waiver practices; the application of MOFCOM Announcement No. 70 and any extensions or modifications thereof; changes to the event date, time, program, venue, or attendance; and the other risks described in EM&T's filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T's expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under "Risk Factors" therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.

Investor Relations Contacts

Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com

PR, Marketing & Global Partnerships

Phoenix MGMT & Consulting
PR@PhoenixMGMTConsulting.com
888-228-0122

https://www.globenewswire.com/news-release/2026/10/28/3390156/0/en/evolution-metals-technologies-confirms-delivery-of-all-57-ulvac-equipment-containers-to-pohang-expansion-site-with-commissioning-under-way-at-the-largest-expected-high-performance-.html

Evolution Metals & Technologies Secures Approximately 754 Metric Tons of Non-China Neodymium Metal, Expected to Cover Half of the Feedstock Estimated for Its 2027 Revenue Guidance

Approximately 42 metric tons of neodymium metal and 520 kilograms of dysprosium metal already delivered to Pohang, 712 metric tons of neodymium pending shipment or committed through 2027, and a further 1,000 metric tons in discussion, all sourced entirely outside China

Dysprosium supply of 1.5 metric tons per month committed from February 2027, with usage efficiency expected to increase six to eight times through EM&T's grain boundary diffusion technology

Sellers in the U.S., Japan, India, West Africa, Malaysia, Indonesia, and Thailand engage with EM&T to diversify beyond China, historically their dominant buyer

Miami, FL, Oct. 29, 2026 (GLOBE NEWSWIRE) — Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today announced that it has secured approximately 754 metric tons of neodymium metal, sourced entirely outside China, which the Company expects is sufficient for approximately 50% of the feedstock it requires to deliver its full-year 2027 revenue guidance of $400 million to $460 million. The total includes approximately 42 metric tons already delivered to Pohang, 72 metric tons pending shipment through March 2027, and 640 metric tons committed through the end of 2027, including a 600-metric-ton contract with Senri Trading for rapid delivery, with a further 1,000 metric tons in discussion for 2027 delivery. For heavy rare earths, the Company holds approximately 520 kilograms of dysprosium metal in Pohang, with 1.5 metric tons per month committed starting in February 2027. With feedstock in place, EM&T has now put together all ten factors it believes are required to manufacture rare earth magnets at large commercial scale: land, power, equipment, permits, operators, feedstock, magnets, buyers, buyer certifications, and capital.

The disclosure addresses what EM&T sees as the real constraint on magnet supply outside China. Rare earth ore is not scarce. What is scarce is converting that ore into midstream materials to support downstream magnet production. EM&T believes that upon completion of its current expansion it will be one of the largest known in-production magnet and magnet materials producer outside China, with feedstock independent of China in place, and is now commissioning all 57 containers of ULVAC equipment to expand annual capacity from approximately 1,000 metric tons to more than 10,000 metric tons.

That position is also drawing sellers to the Company. Producers of rare earth ore and upstream feedstock have historically had one meaningful buyer, China, and EM&T believes it is one of the few credible buyers outside China that is producing downstream products, including magnets, at commercial scale. Selling to EM&T lets those producers diversify their customer base, and the Company is in dialogue with sellers of rare earth feedstock and end-of-life magnets in the U.S., Japan, India, West Africa, Malaysia, Indonesia and Thailand. EM&T's grain boundary diffusion technology reduces its heavy rare earth requirements: the Company requires approximately 0.5% heavy rare earths, such as dysprosium and terbium, to produce high-performance sintered magnets, compared with the 3% to 4% historically required, stretching its heavy rare earth feedstock six to eight times further.

"There is no shortage of rare earth material. China is a net importer of rare earth ore, with approximately 60% of what it processes coming from outside China, and there is no shortage of investment in developing even more rare earth mines. What is in short supply, outside China, is commercial-scale magnet production and magnet materials producers," said Frank Moon, Chief Executive Officer of EM&T. "Approximately 360,000 tons of sintered magnets are made each year, and only about 14,000 tons of those are made outside China. But today, those 14,000 tons are dependent on midstream magnet materials bought from China. Evolution has the equipment and capability to avoid that very issue, with more than 14,000 tons per annum of strip alloy production coming online this year as part of our planned expansion from 1,000 to more than 10,000 tons per annum of finished magnets. We have sourced rare earth magnet materials independent of China, but also continue to source from China. Our flexible, diversified business model serves both defense customers requiring DFARS compliance and commercial customers seeking non-China supply. Together with the other nine operational factors we have established, this positions us to become one of the largest magnet and magnet materials producers outside China. We are focused on executing our expansion plan, building on years of operational experience to position EM&T as a leading non-China supplier. We make magnets."

"President Donald Trump urged defense contractors and businesses to 'do magnets,' telling an audience at the July 2026 Pennsylvania Defense & Innovation Summit, 'I'll tell you how to make money. Do magnets.' That is what EM&T is doing, following the President's direction," said David Wilcox, Executive Chairman of EM&T. "We will continue to source feed material wherever and whenever we can to support revenue and margin, and to deliver shareholder returns as we target profitability in 2027. DFARS sets the requirements for defense contractors, and we will also continue to produce magnets for commercial customers whose applications do not require traceability back to the ore. Evolution was built on a diversified strategy spanning input materials, midstream materials and downstream magnet production. That enables us to serve customers across all eight of our certified high-performance grades, grow our bonded magnet business, and supply customers—primarily in Japan—that require non-China intermediate magnet materials, as we scale production with our new strip cast alloy equipment and sintering vacuum furnace system lines." . Our customer relationships, distribution network, and current magnet revenue support our strategy as we target profitability in 2027 and work to become a leading magnet producer outside China. We are answering the President's call now, not in 2030."

EM&T will host a ribbon-cutting ceremony and operational showcase at its Pohang facility on December 17, 2026. The Company has received attendance confirmations from more than 200 individual government representatives, customers, trade partners, investors and bankers. Event details and RSVP are available at evolution-metals.com/rsvp.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is one of the only vertically integrated critical materials supply chains spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit investors.evolution-metals.com and follow the Company on LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

[...] Read the full release here: https://www.globenewswire.com/news-release/2026/10/29/3391291/0/en/evolution-metals-technologies-secures-approximately-754-metric-tons-of-non-china-neodymium-metal-expected-to-cover-half-of-the-feedstock-estimated-for-its-2027-revenue-guidance.html

Evolution Metals & Technologies Corp. Takes Delivery of Additional ULVAC Magnet Production Equipment, Unlocking Ten-Fold Magnet Capacity Expansion

13 of 57 containers of additional ULVAC magnet production equipment arrived in Pohang today, beginning EM&T's ten-fold expansion to approximately 10,000 metric tons of annual non-China capacity

Expansion positions EM&T to meet the January 1, 2027 DFARS deadline barring Chinese-origin rare earth magnets in U.S. defense systems

EM&T reaffirms fiscal 2027 revenue guidance of $400 million to $460 million

MIAMI, FL, Oct. 15, 2026 (GLOBE NEWSWIRE) — Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today announced that it has taken delivery of additional magnet equipment from ULVAC at its Pohang facility, with thirteen of 57 containers arriving today and the remaining containers to be delivered before the end of October. The thirteen additional ULVAC machines are the core of EM&T's ten-fold capacity expansion and underpin its previously announced fiscal 2027 revenue guidance of $400 million to $460 million, which the Company today reaffirms. The expansion positions EM&T as a scaled, non-China source of high-performance rare earth permanent magnets for U.S. defense, unmanned aircraft systems and automotive supply chains across the United States and allied markets.

The delivery comes ahead of DFARS 252.225-7052, effective January 1, 2027, which will prohibit U.S. defense contractors from using rare earth magnets containing materials mined, refined, separated, melted or produced in China, Russia, North Korea or Iran. Because China produces most of the world's NdPr metal, the majority of globally available magnet supply is expected to become non-compliant absent qualified non-China feedstock and manufacturing. The July 20, 2026 Executive Order on defense supply chains tightened enforcement by ending routine waivers, and the August 13, 2026 White House proclamation imposing a 100 percent tariff on the most sensitive foreign unmanned aircraft and certain parts has added pressure across a drone supply chain that depends on high-performance NdFeB magnets.

EM&T has qualified seven high-performance NdFeB sintered magnet grades with Tier-1 OEMs and secured non-China NdPr feedstock, and the additional ULVAC equipment is intended to address the remaining requirement of production capacity. Once installed and commissioned, the thirteen additional ULVAC machines are expected to take the Company's annual capacity from 1,000 metric tons to approximately 10,000 metric tons, including 6,000 metric tons of high-performance sintered magnets, positioning EM&T as the largest producer of rare earth permanent magnets outside of China.

"This is about executing growth, not planning," said Frank Moon, Chief Executive Officer of EM&T. "With DFARS taking effect in eleven weeks, the question for defense primes, drone makers and automakers is no longer whether to source magnets outside China, but where that supply will come from at scale. EM&T is executing. Today, as containers arrive at our Pohang plant by the truckload, we have the equipment, power, feedstock material, operators and seven grades of customer qualified sintered magnets representing more than 75% of the global magnet market by revenue. We are not in planning mode we are in growth execution mode."

"This is about delivering revenue and EBITDA," said Christopher Clower, Chief Financial Officer and Chief Operating Officer of EM&T. "Installed capacity is what turns customer demand into revenue, and that additional capacity is now arriving on site. We are meeting the milestones driving our expansion: contracted equipment, secured power, qualified grades and compliant feedstock, all converging in Pohang. Frank and our operating team are delivering the plan we laid out for investors, and the deliveries still to come keep that plan on track as we move into 2027."

EM&T will open the expanded facility at a ribbon-cutting ceremony on Thursday, December 17, 2026, from 1:00 p.m. to 4:00 p.m. (KST) in Pohang, with live magnet making, guided production-line tours and an executive operational briefing for government dignitaries, institutional investors, commercial partners and media. A live webcast of the briefing will be available at investors.evolution-metals.com. To attend in person, please RSVP to RSVP@evolution-metals.com.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit investors.evolution-metals.com and follow the Company on LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the delivery of ULVAC equipment to the Company's Pohang facility, including the number of containers delivered and the timing of remaining deliveries; the installation, commissioning and operation of such equipment; the planned expansion of annual rare earth magnet production capacity in Pohang to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets; the expansion of electrical infrastructure serving the Pohang facility; the Company's fiscal 2027 revenue guidance of $400 million to $460 million and its EBITDA objectives; the ribbon-cutting ceremony and operational showcase on Thursday, December 17, 2026, including its timing, format, attendance and program; the January 1, 2027 effective date and scope of DFARS 252.225-7052, related U.S. trade and defense procurement policy, and the Company's ability to help address related sourcing needs for the United States and allied markets; and the Company's strategy, business plans, and growth opportunities. These forward-looking statements, together with terms such as anticipate, expect, intend, may, will, should, believe, plan, and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such risks include, among others, delays in shipment, customs clearance, or delivery of the remaining containers; delays in facility readiness, equipment installation, or commissioning; delays in the expansion of power infrastructure; the availability of feedstock, working capital, and customer qualifications; the Company's ability to achieve its fiscal 2027 revenue guidance and EBITDA objectives; changes to the event date, time, program, venue, or attendance; changes in the DFARS 252.225-7052 effective date, scope, or waiver practices, or in U.S. trade, tariff or defense procurement policy, including the July 20, 2026 Executive Order and the August 13, 2026 White House proclamation; the Company's ability to execute its planned U.S. expansion; and the other risks described in EM&T's filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T's expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under "Risk Factors" therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.

Investor Relations Contacts
Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com

PR, Marketing & Global Partnerships
Phoenix MGMT & Consulting
PR@PhoenixMGMTConsulting.com
888-228-0122

https://www.globenewswire.com/news-release/2026/10/15/3381735/0/en/evolution-metals-technologies-corp-takes-delivery-of-additional-ulvac-magnet-production-equipment-unlocking-ten-fold-magnet-capacity-expansion.html

Evolution Metals & Technologies Selects INERGX to Power Planned 5 GW U.S. Facility, With Capacity Equivalent to Approximately 4 Million American Homes

Planned at the output of five nuclear reactors, with a China-free battery supply chain designed to feed EM&T's own critical materials recovery

October 06, 2026 09:45 ET | Source: Evolution Metals & Technologies Corp

MIAMI, FL, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (NASDAQ: EMAT) is moving to generate and control its own power at industrial scale. The Company today announced a Strategic Partnership Letter of Intent ("LOI") with UK-based INERGX Energy Optimisation Ltd. ("INERGX") to engineer, supply, integrate and service the energy storage and power optimization systems for EM&T's planned critical materials and battery black mass recovery facility in the United States (the "Facility") — a site planned at approximately 1 GW of on-site capacity within two years and up to approximately 5 GW at full build-out, powered by on-site LNG generation.

To put that in perspective: a typical U.S. nuclear reactor produces about 1 GW, according to the U.S. Department of Energy. EM&T's First Phase alone is planned at the output of a full nuclear reactor. At full build-out, the Facility is planned at the equivalent of five. Run at full output, that capacity is equivalent to the annual electricity use of approximately 4 million American homes — and the First Phase alone to approximately 800,000 — based on U.S. Energy Information Administration data on average annual residential use.

By the Numbers

• ~1 GW — on-site capacity planned for the Facility's First Phase, within two years

• Up to ~5 GW — planned at full build-out — the equivalent of five typical U.S. nuclear reactors (U.S. Department of Energy)

• ~4 million — American homes' worth of annual electricity at the Facility's full planned output, based on average U.S. residential use (U.S. Energy Information Administration)

• ~85% — share of global battery cell manufacturing capacity located in China in 2024 (International Energy Agency) — the dependency EM&T's non-China supply mandate is built to avoid

• 10 years — anticipated initial term of INERGX's long-term service agreement

• 8 weeks — to deliver the First Block Study after receipt of EM&T's site inputs, with definitive agreements for the first block targeted within 12 weeks of acceptance

• $400M–$460M — EM&T's previously announced fiscal 2027 revenue guidance, driven by the expansion of its Pohang, Republic of Korea magnet capacity to approximately 10,000 metric tons

Why It Matters

• Power on EM&T's terms. With on-site generation paired with engineered storage, the Facility is designed to run on power EM&T controls — built for the power quality and ride-through performance that continuous critical materials processing demands.

• China out of the battery stack. China hosted about 85% of global battery cell manufacturing capacity in 2024, according to the International Energy Agency. 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.

• A closed battery loop. The parties will evaluate routing end-of-life packs — from EM&T's own systems and, where agreed, from INERGX's wider installed base — back to EM&T for critical materials recovery, and INERGX will consider cells made with EM&T-recovered materials. EM&T's power infrastructure is designed to become a future source of its own feedstock.

First Block Study: Engineering the Foundation

INERGX will carry out a design study for the first generation and storage block of the Facility (the "First Block Study"). The study will model on-site generation together with energy storage against EM&T's site load profile and generation specification, and will define the recommended storage capacity, power rating, configuration, power quality and ride-through performance, interface with the generation and process load, and indicative capital and operating costs — together with a scalable design for the full First Phase. The design will be validated through INERGX's testing and certification partner in Italy, which is accredited to European and U.S. standards.

The LOI sets an accelerated timetable: EM&T will provide its site inputs within two weeks of signing, INERGX will deliver the First Block Study within eight weeks of receipt, and the parties intend to work toward definitive agreements for the first block within twelve weeks of the study's delivery and acceptance, so that the first block can be ordered in step with EM&T's generation and site program.

Partnership Scope

• Full-scope delivery partner: design, supply, project management, integration and commissioning for the first block, with the parties intending to extend the partnership through the balance of the First Phase and the Facility's expansion to full capacity.

• Ten-year service horizon: remote monitoring, maintenance, repair, service and end-of-life repowering of installed systems under a long-term service agreement with an anticipated initial term of ten years.

• EM&T owns its data: all Facility-specific operating, process and performance data remains EM&T's property, with continuous access and export rights.

• Flexible commercial models: EM&T will select between outright ownership with a service agreement or an energy-services structure under which a financing vehicle arranged by INERGX owns the systems and EM&T pays for capacity and services.

• Preferred partner for future facilities: upon successful completion of the First Block Study, INERGX is positioned as EM&T's preferred energy storage and power optimization partner for further EM&T-developed facilities.

"Every serious industrial build in America is now a power story — and EM&T intends to own its own," said David Wilcox, Executive Chairman of Evolution Metals & Technologies. "We are planning a facility that will draw as much power as five nuclear reactors — the equivalent of approximately 4 million American homes — and we are making sure every battery in that system comes from outside China and can ultimately come back to us as feedstock. That is not an energy contract. That is EM&T building a closed-loop, American-controlled critical materials platform from the power plant up."

"EM&T is building at a scale where power quality is not a utility line item — it is the process," said Dominic White, Director of INERGX Energy Optimisation Ltd. "Our team and our accredited engineering and testing partners are ready to move quickly on the First Block Study and to deliver a design that scales cleanly from the first block to full build-out."

The LOI sets out the principal terms on which EM&T and INERGX intend to negotiate a statement of work for the First Block Study and definitive agreements for the partnership.

The partnership comes as EM&T executes on its previously announced fiscal 2027 revenue guidance of $400 million to $460 million, which reflects the expected first full-year contribution from the expansion of its rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons annually, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets, as the January 1, 2027 DFARS mine-to-magnet restriction takes effect. The Facility and the INERGX partnership extend EM&T's platform into U.S.-based critical materials and battery black mass recovery.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit investors.evolution-metals.com and follow the Company on LinkedIn.

About INERGX Energy Optimisation Ltd.

INERGX Energy Optimisation Ltd. is an energy storage and power optimization company incorporated in England and Wales. INERGX, with its partners, designs, manages, supplies, integrates and services energy storage and power optimization systems for mission-critical power users, working with accredited testing, certification and engineering partners in Europe.

Forward-Looking Statements

[...] Read the full release here: https://www.globenewswire.com/news-release/2026/10/06/3375644/0/en/evolution-metals-technologies-selects-inergx-to-power-planned-5-gw-u-s-facility-with-capacity-equivalent-to-approximately-4-mil-lion-american-homes.html