{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-060343","form_type":"8-K","ticker":"EMAT","cik":"0001866226","company_name":"Evolution Metals & Technologies Corp.","filed_at":"2026-05-22T13:28:18+00:00","discovered_at":"2026-05-22T13:29:00.378837+00:00","generated_at":"2026-05-22T13:29:55.227436+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"confidence":"high","headline":"EMAT reports Q1 GAAP net loss of $440.3M on $425M non-cash charge; adjusted loss $15.1M","bullets":["Adjusted net loss of $15.1M ($0.02/share) vs $2.5M in Q1 2025; GAAP net loss $440.3M including $425.2M non-cash fair-value charge.","Gross profit $0.4M (24% margin); operating loss $15.7M on $16.1M SG&A driven by consolidation and one-time public-company costs.","Subsequent to quarter-end: $100M convertible debenture facility with Yorkville secured on May 7, 2026.","Binding purchase orders for 13 ULVAC sintered magnet machines; expects annual capacity of ~10,000 metric tons by Nov 2026.","Policy tailwinds: Section 232 Proclamation, $12B Project Vault, DFARS deadline Jan 1, 2027 restricting Chinese-origin magnets."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-060343","json":"https://secwatch.observer/filing/0001213900-26-060343.json","markdown":"https://secwatch.observer/filing/0001213900-26-060343.md","text":"https://secwatch.observer/filing/0001213900-26-060343.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026060343/0001213900-26-060343-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026060343/ea0291985-8k_evolution.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T13:29:55.227436+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}