---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-054183"
form_type: "8-K"
ticker: "EMAT"
cik: "0001866226"
company_name: "Evolution Metals & Technologies Corp."
filed_at: "2026-05-11T23:59:59+00:00"
generated_at: "2026-05-14T18:58:54.147959+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-054183
- form_type: 8-K
- ticker: EMAT
- cik: 0001866226
- company_name: Evolution Metals & Technologies Corp.
- filed_at: 2026-05-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/ea0290073-8k_evolution.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-054183
- JSON: https://secwatch.observer/filing/0001213900-26-054183.json
- Plain text: https://secwatch.observer/filing/0001213900-26-054183.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.