WTMA and Evolution Metals sign term sheet with BCG for $500M PIPE, $6.2B debt facility

Evolution Metals & Technologies Corp.

BCG to provide $500M anchor PIPE (25% of $2B target) at $6.2B pre-money valuation for EM&T.
BCG also offers up to $6.2B debt facility; both to close concurrently with WTMA-EM business combination.
Term sheet has binding clauses but closing subject to BCG's due diligence, final agreements, and other conditions.
Proceeds to expand US DoD-certified e-scrap recycling, magnet production, and refinement capacity.
Debt facility tenor 10 years with financial covenants including LTV, leverage, interest coverage, and minimum liquidity.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.