---
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"
generated_at: "2026-05-22T13:29:55.227436+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# EMAT reports Q1 GAAP net loss of $440.3M on $425M non-cash charge; adjusted loss $15.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-060343
- JSON: https://secwatch.observer/filing/0001213900-26-060343.json
- Plain text: https://secwatch.observer/filing/0001213900-26-060343.txt

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