Welsbach Technology Metals signs non-binding LOI to combine with Evolution Metals Corp

Evolution Metals & Technologies Corp.

Non-binding LOI with Evolution Metals Corp, a critical minerals supply chain company formed in 2020.
EMC focuses on alternative supply for rare earths outside China, with resources in US, Korea, Australia, Vietnam, DRC.
US DOE, Commerce, and Defense expressed support for purchase agreements and expedited facilitation for EMC.
Transaction structure and definitive agreement remain subject to due diligence, tax review, and board approvals.
No assurance that a definitive agreement will be reached or that the transaction will close.

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