EMAT signs LOI with INERGX for up to 5 GW power systems at planned US recovery facility

Evolution Metals & Technologies Corp.

EMAT signed LOI with UK-based INERGX to engineer, supply, integrate and service energy storage and power optimization for a planned US critical materials and battery black mass recovery facility.
Facility planned at ~1 GW on-site capacity within two years and up to ~5 GW at full build-out, equivalent to five US nuclear reactors and ~4 million homes' annual electricity.
INERGX to deliver First Block Study within 8 weeks of EM&T site inputs; definitive agreements for first block targeted within 12 weeks of acceptance.
Ten-year anticipated service term; China-free sourcing via qualified European or other non-China partners; end-of-life packs may route back to EM&T for critical materials recovery.
Reaffirms fiscal 2027 revenue guidance of $400M-$460M, tied to Pohang, Korea magnet capacity expansion to ~10,000 metric tons annually, including ~6,000 tons sintered NdFeB.

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