EMAT secures $100M convertible debenture facility from Yorkville; first $20M tranche issued

Evolution Metals & Technologies Corp.

Facility of up to $100M convertible debentures; initial tranche of $20M issued May 7, 2026, second $5.775M upon S-1 effectiveness.
Conversion at lower of $12.09 or 95% of 5-day VWAP; 5% interest; matures Nov 7, 2027; amortization events trigger monthly cash payments.
Proceeds to expand rare earth magnet production and develop a U.S. industrial campus; Phase I to be largest hydrometallurgical facility in Western Hemisphere.
Registration rights for 5.4M resale shares; Exchange Cap and 4.99% beneficial ownership limitation apply.
Clear Street LLC acted as sole advisor and placement agent on the transaction.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

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