Evolution Metals & Technologies (EMAT)
Processes rare-earth materials and manufactures permanent magnets through Korean operating subsidiaries.
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Processes rare-earth materials and manufactures permanent magnets through Korean operating subsidiaries, spanning metals, alloys, powders, and finished magnet products. The newly public U.S.-listed parent was formed through a SPAC transaction to assemble an integrated midstream and downstream critical-materials supply chain.
Processes end-of-life materials and manufactures rare-earth oxides, metals, alloys, powders, and permanent magnets. Its activities extend across recycling, advanced-materials processing, and finished magnet products for automotive, aerospace, defense, industrial automation, consumer electronics, and other advanced-manufacturing uses.
The operating base is in the Republic of Korea, where Handa Lab, KCM Industry, KMMI, and NS World operate commercial-scale facilities. These businesses form the parent's midstream and downstream platform for rare earths, magnets, battery metals, and precious metals.
Listed on Nasdaq after a January 2026 SPAC combination, the parent has executive offices in Miami and combines U.S. public-market access with Korean production operations. Its structure depends on the continued integration of those operating subsidiaries into a single critical-materials supply chain.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.3M · Total debt $27.5M · Total assets $95.1M · Shareholders' equity −$18.9M
- Revenue
- $1.6M
- Operating income
- −$12.2M
- Net income
- −$11.9M
No dividends on record.
| Institutions | 1.96% | 12.17M shares | |
|---|---|---|---|
| 25 holders · as of Jun 30, 2026 | |||
| Insiders | 0.64% | 3.95M shares | |
| 3 holders · as of Feb 20, 2026 | |||
| Strategic holders | 9.93% | 61.72M shares | |
| 1 holder · as of Aug 28, 2026 | |||
| Other | 87.47% | 543.96M shares | |
| remainder | |||
621.80M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Good Earth 1000, LLC1Strategic10 percent owner | 9.93% | 63.42M | filed Aug 28, 2026 |
Advisor Group Holdings, Inc.Institution | 1.22% | 7.59M | as of Jun 30, 2026 |
Robertson Stephens Wealth Management, LLCInstitution | 0.47% | 2.93M | as of Jun 30, 2026 |
Christopher ClowerInsiderofficer: CFO; Chief Operating Officer | 0.36% | 2.23M | filed Jan 5, 2026 |
Thomas K. StoddardInsiderdirector | 0.27% | 1.71M | filed Jan 29, 2026 |
- Good Earth 1000, LLC's own ownership statement (13D, May 18, 2026) less the 1.70M net shares sold since reports fewer shares than the transaction reports; the statement is used.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 13, 2026 | Thomas K. Stoddard | director | +1,000 | $13.99 |
- MP Materials
Rare-earth oxides, metals, and permanent-magnet supply chain overlap
- NeoGenomics
Magnetic powders and rare-earth permanent magnets for advanced motors
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Evolution Metals & Technologies | $3.68 | +7.32% | $2.04B | — | — | 579.0 | — |
| MP Materials | $49.79 | −0.42% | $8.90B | — | 151.1 | 29.1 | +89.0% |
| NeoGenomics | $19.09 | −1.65% | $498.7M | — | 68.6 | 0.7 | +11.2% |
| Median | — | 109.9 | 14.9 | +50.1% |