Welsbach Technology Metals SPAC signs binding LOI to acquire Evolution Metals

Evolution Metals & Technologies Corp.

WTMA (NASDAQ: WTMA) executed binding letter of intent for business combination with Evolution Metals LLC.
Evolution Metals develops critical minerals supply chain (oxides, carbonates, magnets, EV battery metals) using AI and robotics.
Combined company aims for 10,000+ ton per annum output in magnets and battery metals.
Definitive agreement expected in coming weeks, subject to tax review, regulatory and stock exchange requirements.
Transaction would result in WTMA's successor owning 100% of Evolution Metals.

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