Evolution Metals & Technologies Corp. · NASDAQ:EMAT
Evolution Metals & Technologies — Merger or Acquisition (February 2026)
25 slides from Evolution Metals & Technologies's merger presentation, Feb 11, 2026
Slide 1: US Champion: Critical Materials Supply Chain
NASDAQ: EMAT February 2026 US Champion: Critical Materials Supply Chain Evolution Metals & Technologies Corp.
Slide 2: Disclaimers
2 Disclaimers This presentation has been prepared by Evolution Metals & Technologies Corp . (“EM&T”) . This presentation has been provided for informational purposes only to assist interested parties in conducting their own evaluation of EM&T, its business, operations, prospects and industry . This
Slide 3: Agenda
3 China’s Dominance in Midstream Processing 1 Why Now? 2 Solution to Disrupt China 3 Deeply Experienced Leadership 4 Feedstock Strategy: End of Life Materials 5 Proven Technologies 6 US Industrial Campus & Operations in the Republic of Korea 7 How Can EM&T Compete with China? 8 Compelling Sustainabi
Slide 4: China's Dominance in Midstream Processing
4 1 https://bipartisanpolicy.org/download/?file=/wp - content/uploads/2024/05/BPC_The - Missing - Midstream - Report_May - 2024.pdf 2 derived from figures disclosed in https://pubs.usgs.gov/periodicals/mcs2025/mcs2025 - rare - earths.pdf and https://www.voanews.com/a/china - s - rare - earth - expor
Slide 5: Dependence on China for critical materials processing
5 Without a commercial solution to disrupt China’s dominance in midstream processing, virtually all US industries will continue to be dangerously dependent on China for critical materials processing and finished products from these critical materials. US Champion in Critical Materials Supply Chain,
Slide 6: China's near-monopoly on battery materials and pCAM
6 1 https://www.iea.org/commentaries/with - new - export - controls - on - critical - minerals - supply - concentration - risks - become - reality 70% 95% 80% 93% 31% 78% 95% 73% 95% 98% 65% • China has also maintained a near - monopoly on the midstream battery materials . • China controls 95 % of g
Slide 7: Escalating geopolitical tensions and export controls
7 • Escalating global geopolitical tensions, heightened by the COVID pandemic, have amplified the risks of China - dependent value chains. • Geopolitical tensions between the US/Rest of World and China continue to escalate: • Oct 2022: U.S. imposes semiconductor export controls on China. • Dec 2023:
Slide 8: US policy supports domestic midstream processing
8 U.S. policy now simultaneously increases feedstock supply and economically incentivizes domestic midstream and downstream processing, directly aligning with EM&T’s strategy. US Champion in Critical Materials Supply Chain, No Reliance on China Rare Earths and Technology Metals Recycling, Magnet and
Slide 9: EM&T aims to become US magnet and battery materials champion
9 • EM&T aims to reduce US dependence on China and become the US domestic magnet & battery materials marketplace champion. • By focusing on end - of - life materials through urban mining above ground, EM&T avoids the challenge of separating radioactive elements and processes feedstock with significa
Slide 10: EM&T Has Been Making & Selling Commercial Scale Magnets Since 2007
10 EM&T Has Been Making & Selling Commercial Scale Magnets Since 2007 3 Phase 1 US Expansion Current Capacity 9,000 tpa 400 tons per annum (“tpa”) Bonded Magnets 46,000 tpa 260 tpa Sintered Magnets 55,000 tpa 660 tpa Total Magnets 78,000 tpa 0 tpa Battery Salts (Carbonates/Sulfates) & pCAM Bonded Ma
Slide 11: High-Performance Rare Earth Magnets Powering Military, EVs and iPhones
11 High - Performance Rare Earth Magnets Powering Military, EVs and iPhones 1 In 2024, 110 F - 35 fighter jets were manufactured, requiring ~55 tons of high - performance magnets. In 2024, 1.7 million Tesla Model 3 cars were manufactured, requiring ~4,250 tons of high - performance magnets. In 2024,
Slide 12: Battery Grade Carbonates, Sulfates and pCAM Powering Gigafactories
12 Battery Grade Carbonates, Sulfates and pCAM Powering Gigafactories Hyundai Gigafactory in Georgia started operation in early 2025, with 500,000 EVs manufacturing capacity requiring ~45,000 tons of pCAM. GM’s JV Ultium Battery Cells plant in Tennessee and Ohio with 90 GWh/year capacity requiring ~
Slide 13: Executive Leadership
13 Executive Leadership • Over 35 years of industrial base experience including C - Suite roles in mining, processing and manufacturing for base, precious and rare earth metals . • Including his team of 42 engineers and PhDs, they have executed successful operations across the full lifecycle of crit
Slide 14: Board of Directors
14 Board of Directors • Former US Ambassador to Dominican Republic ( 2018 - 2021 ) in President Trump’s first Administration . • Awarded Order of Duarte from the Dominican Republic for her work as Ambassador . • 40 years experience across business, government, and non - profit sectors as an entrepre
Slide 15: Feedstock strategy: end-of-life materials recycling
15 • EM&T is contracting for proprietary access to attractive and abundant feedstocks, focusing on end - of - life materials to: • Recycle lithium - ion batteries to produce battery grade materials for OEM gigafactories. • Recycle e - waste including US Government (“USG”) e - waste to produce oxides
Slide 16: Proven technologies and operating Korean businesses
16 • EM&T currently has 660 tons of mid and downstream production of critical materials and minerals . • EM&T’s end - to - end midstream capabilities includes : (a) oxides and metals processing, (b) alloy powders and flakes, (c) bonded and sintered magnet manufacturing, and (d) automation and smart
Slide 17: US industrial campus and integrated operations
17 Precious Metals Refineries Gigafactories/EV Battery Manufacturers Lithium Battery Recycler USG Secured Facility E - Waste Recycler Sulfates, Carbonates & pCAM Multi Feedstock Processing Plant Blackmass NFMC* Precious Metals NdPr Oxide NdPr Metal Plant NdPr Metals NdPr Alloy & Flake Plant Powder N
Slide 18: Modular large-scale hydrometallurgical facility in the US
18 Using Proprietary and Licensed Technologies, EM&T Plans to Build A Modular, Large - Commercial - Scale Hydrometallurgical Facility in the US. Hydrometallurgy: “The Missing Piece” in USA that is Critical to China’s 7 • Hydrometallurgy is necessary for producing Western industrial products. • China
Slide 19: EM&T Battery Recycling: Source of Lithium Fluoride for Magnet Making
19 EM&T Battery Recycling: Critical Source of Lithium Fluoride for Magnet Making All Other Li - Ion Battery Recyclers Outside China • All commercial scale Li - ion Battery Recyclers (Outside China) produce black mass as a final product. Black mass is a mixed metal concentrate. • China has near globa
Slide 20: Lithium-Ion Battery and pCAM Market
20 Lithium - Ion Battery and pCAM Market 7 1 https://www.mckinsey.com/features/mckinsey - center - for - future - mobility/our - insights/battery - 2035 - building - new - advantages • Global Li - ion demand is scaling fast: McKinsey projects the global battery market to grow from 1,700 GWh in 2025
Slide 21: Executive Branch and Congressional Support
21 1. Executive Branch Support • The U.S. government has designated critical materials processing and manufacturing as a national security priority. • On March 31, 2025, President Donald J. Trump signed an Executive Order establishing the United States Investment Accelerator within the Department of
Slide 22: How Can EM&T Compete with China?
22 • Manufacturers need to purchase products in the final form that replicates what China supplies today, not intermediate products. • Carbonates, sulfates, pCAM and magnets are the necessary critical final form supply products which manufacturers currently purchase from China for a considerable num
Slide 23: China Has Been Planning to Monopolize Critical Materials Since 1980
23 On 4 April 2025, China's MOFCOM announced export controls on NdFeB Magnets and 23 other Critical Materials plus a 34% tariff on US goods (China tariff on US goods currently at 125%) following China’s implementation of significant export controls on Critical Materials in December 2024 2 . China Ha
Slide 24: A Compelling Sustainable Investment for a Greener and Cleaner Future
24 A Compelling Sustainable Investment for a Greener and Cleaner Future 9 Circular Economy & End - of - Life Materials Recycling Potential Carbon Credits & Emission Reductions Enabling the Energy Transition Through Critical Metals Recovery Job Creation & Economic Sustainability • Closed - loop solut
Slide 25: Planned CapEx
25 Planned CapEx Key Input Capacity and Output Capacity Amount CapEx Item Key Input Capacity: 2,000,000 tons of E - Scrap Key Output Capacity: 336,174 tons of Ferrous & Magnet Powder 20mm 342,321 tons of Mixed Precious Metals Powder 2mm $395mm E - Scrap Recycling Plant Key Input Capacity: 150,000 to
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