8-K filing — Evolution Metals & Technologies Corp. (EMAT)

Evolution Metals & Technologies Corp. Announces Major 750 Megawatt Power Infrastructure Expansion to Scale Magnet Production to Approximately 10,000 Metric Tons Annually

Evolution Metals & Technologies Corp. (EMAT) announced a major expansion of electrical infrastructure at its Pohang, South Korea operations, increasing power capacity from 130 MW to 750 MW to support scaling rare earth magnet production from 1,000 to 10,000 metric tons annually by end 2026. The expansion includes facility expansion from 24,000 to 482,000 square feet, land acquisition, and a conditional $20.7 million Korean government grant.

Evolution Metals Secures Plans For Nearly 6x Power Expansion To 750 MW And ~$20.7M Korean Grant; Essential Infrastructure For EM&T To Scale From 1,000 Tons To 10,000 Tons Of Rare Earth Magnet Production By End 2026

Agreement provides for expansion of electrical infrastructure serving EM&T’s Pohang operations from the current 130 MW capacity to 750 MW, a nearly six-fold increase in available power capacityEM&T’s expansion

Evolution Metals & Technologies shares are trading higher after the company announced that it has been included on FTSE Russell’s preliminary lists of additions to the broad-market Russell 3000 Index and the small-cap Russell 2000 Index.