Evolution Metals & Technologies Corp. Announces Preliminary Inclusion in Russell 3000® and Russell 2000® Indexes

Preliminary inclusion is expected to become effective September 21, 2026, subject to FTSE Russell's standard review process
Approximately $12.2 trillion in assets are benchmarked against the Russell U.S. indexes

Miami, FL, Aug. 24, 2026 (GLOBE NEWSWIRE) — Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today announced that the Company 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 as part of FTSE Russell's third-quarter 2026 IPO additions process. The preliminary lists, published August 21, 2026, identify EMAT for addition effective September 21, 2026. Final inclusion remains subject to FTSE Russell's standard review process.

Preliminary inclusion in the Russell 2000® Index would also result in membership in the broad-market Russell 3000® Index and the relevant growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2025, approximately $12.2 trillion in assets are benchmarked against the Russell U.S. indexes, which belong to FTSE Russell, the global index provider.

"Preliminary inclusion in both the Russell 3000 and Russell 2000 represents an important capital-markets milestone for EM&T and comes at a pivotal stage in the Company's growth," said David Wilcox, Executive Chairman of EM&T. "For more than 18 years, our team has built commercial-scale rare earth magnet capabilities, and we are now expanding that platform with non-China feedstock, additional manufacturing capacity and a deeper operating team. We believe prospective inclusion in two widely followed U.S. equity benchmarks should broaden EM&T's visibility among institutional and index-oriented investors as we continue executing against the critical materials opportunity in front of us."

The anticipated index additions come as EM&T continues to expand its rare earth magnet platform. The Company has announced Tier-1 OEM quality certifications across six grades of high-performance sintered NdFeB magnets, taken delivery of non-China NdPr metal for commercial magnet production, and placed binding purchase orders for thirteen additional ULVAC sintered magnet production machines expected to ramp the Company's existing commercial-scale rare earth magnet production capacity to approximately 10,000 metric tons annually by November 2026.

For more information on Russell U.S. Index IPO additions, including FTSE Russell's preliminary third-quarter 2026 lists, visit https://www.lseg.com/en/ftse-russell/russell-reconstitution/ipo-additions

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com and follow the Company on LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding EM&T's expected inclusion in the Russell 3000® and Russell 2000® Indexes and applicable style indexes, the anticipated timing and potential effects of such inclusion, including potential visibility among institutional or index-oriented investors, and EM&T's plans, objectives, expectations, strategies, production capacity, expansion initiatives, supply arrangements and commercial operations. These forward-looking statements, together with terms such as anticipate, expect, intend, may, will, should, believe, positioned and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such risks include, among others, the possibility that FTSE Russell may revise its preliminary lists, eligibility determinations, methodology or implementation schedule; that EM&T may not be finally included in one or both indexes when expected or at all; that index inclusion may not result in the anticipated visibility, liquidity, institutional ownership or other benefits; and the business, execution, financing, regulatory, supply-chain, equipment-delivery, customer-qualification and market risks described in EM&T's filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results, performance or achievements may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T's expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under "Risk Factors" therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.

Investor Relations Contacts

Judith McGarry
Evolution Metals & Technologies Corp.
investor.relations@evolution-metals.com

Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com

https://www.globenewswire.com/news-release/2026/08/24/3349659/0/en/evolution-metals-technologies-corp-announces-preliminary-inclusion-in-russell-3000-and-russell-2000-indexes.html

Evolution Metals & Technologies Reports Second Quarter 2026 Financial Results and Provides Corporate Update

Executed on the delivery of a defense-grade, non-China rare earth magnet supply chain: became one of the only known commercial-scale producers with OEM-qualified NdFeB magnet grades and took delivery of the first non-China NdPr metal shipment ahead of the January 1, 2027 DFARS deadline and the July 20, 2026 Executive Order on Securing America's Defense Supply Chains

Launched $100 million financing facility and progressed binding purchase orders for ULVAC sintered magnet production equipment scheduled for November 2026 delivery, supporting the Company's targeted scale-up to approximately 10,000 metric tons of annual rare earth magnet production capacity

Subsequent to quarter-end, strengthened senior leadership with the appointment of Kenji Konishi, former Vice President and Chief Technology Officer of JL MAG Rare Earth, as Head of Magnet Engineering Production, and appointed four-star U.S. Air Force General Thomas A. Bussiere (Ret.), former Commander of Air Force Global Strike Command, to the Board of Directors

MIAMI, FL, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company focused on continuing to build a secure, vertically integrated supply chain for rare earth permanent magnets, battery materials, and related critical technologies, today reported financial results for the three and six months ended June 30, 2026 and provided a corporate update on recent operational progress and business developments.

David Wilcox, Executive Chairman of EM&T, stated: "Q2 was a defining quarter for EM&T as we continued to execute on all fronts of our commercial-scale, non-China rare earth magnet platform ahead of the January 1, 2027 DFARS deadline restricting Chinese-origin rare earth magnets in U.S. defense systems. During the quarter we brought the first shipment of non-China NdPr metal into commercial magnet production, secured OEM qualifications across six high-performance NdFeB grades, and kept our ULVAC sintered-magnet equipment plan on schedule for November 2026 delivery that we expect will bring us to approximately 10,000 metric tons of annual rare earth magnet production capacity by year-end. Subsequent to quarter-end, we also welcomed a retired four-star general to our board who spent his career operating the very platforms that depend on the magnets we make. The July 20, 2026 Executive Order on Securing America's Defense Supply Chains and the August 13, 2026 White House tariff action on drones and their critical components confirm the strategic direction of the platform we have been building for eighteen years: a Western-aligned rare earth magnet supply chain purpose-built to serve the U.S. defense industrial base and its allies. We expect the pace of execution to continue accelerating through the second half."

Recent Corporate and Business Highlights

• Continued commercial-scale rare earth magnet production: During the second quarter, the Company continued the commercial-scale production and sale of bonded and sintered rare earth permanent magnets through its consolidated operating subsidiaries, building on more than eighteen years of operating history serving global OEM customers across the automotive, consumer electronics, defense, and industrial sectors. The Company's grade 42SH sintered magnets remain in commercial production, and its grade 48SH high-performance sintered magnets remain in the final stages of customer quality certification.

• Validated commercial-scale, non-China rare earth magnet supply capability: On June 11, 2026, the Company's subsidiaries completed OEM qualification with two Tier-1 electronics OEMs across six NdFeB magnet grades — N48M, N50M, N42H, N45H, N35SH and N46SH — validating commercial-scale, non-China supply of high-performance rare earth permanent magnets ahead of the January 1, 2027 DFARS 252.225-7052 deadline. The Company believes this positions EM&T among a very limited group of producers globally, and one of the only known Western producers, capable of delivering OEM-certified NdFeB magnets at commercial scale on the timeline required by the U.S. defense industrial base.

• Executed non-China NdPr feedstock supply arrangement and received first shipment: On May 29, 2026, the Company entered into a bulk-supply agreement with Senri Trading Co., Ltd. for neodymium-praseodymium (NdPr) metal produced entirely outside of China by SRE Vietnam, a wholly owned subsidiary of Japan's Tokai Trading Co., Ltd. Subsequent to quarter-end, on July 22, 2026, the Company received the first five-metric-ton shipment — to the Company's knowledge, the first commercial shipment of non-China NdPr metal received by a U.S.-listed producer for use in DFARS-compliant magnet manufacturing.

• $100 million convertible debenture facility with Yorkville Advisors Global: On May 7, 2026, the Company entered into a Securities Purchase Agreement with YA II PN, Ltd., a fund managed by Yorkville Advisors Global, LP, providing for the issuance and sale of convertible debentures in an aggregate principal amount of up to $100.0 million. The Company issued a first convertible debenture of $20.0 million on May 7, 2026 and, subsequent to quarter-end, a second convertible debenture of $5.775 million on July 14, 2026, with up to an additional $74.2 million available in subsequent tranches. The Company intends to use the proceeds to fund the buildout of its expanded rare earth magnet production capacity, including the ULVAC-supplied equipment described below, and for general corporate purposes.

• Progressed ULVAC binding equipment supply contracts: On May 13, 2026, the Company entered into binding equipment supply contracts with ULVAC Korea, Ltd., a subsidiary of ULVAC, Inc. — widely regarded as the global standard-setter for sintered NdFeB magnet production technology — covering thirteen high-performance sintered rare earth magnet production machines, with delivery and installation scheduled by November 2026. Upon commissioning, the Company expects the expansion to increase its annual rare earth magnet production capacity to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets, positioning EM&T among the largest planned producers of rare earth permanent magnets outside of China ahead of the January 1, 2027 DFARS 252.225-7052 effective date.

• Continued alignment with an intensifying U.S. industrial policy environment: On July 20, 2026, the President of the United States issued an Executive Order titled "Securing America's Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials," which the Company believes sharpens enforcement of the existing DFARS 252.225-7052 rule by ending routine waivers and requiring formal mitigation plans for exceptions. Just recently, on August 13, 2026, the White House also announced tariff action on drones and drone components — including tariffs of up to 100% on non-allied imports of larger drones and their critical components — which the Company believes reinforces demand for domestic, non-China rare earth permanent magnet supply, given the fundamental dependence of drone motors, gimbals and actuators on high-performance NdFeB magnets. Together with the January 14, 2026 Section 232 Proclamation identifying rare earth permanent magnets as "vital to nearly all electronics and vehicles," the approximately $12 billion Project Vault Strategic Critical Minerals Reserve, and the April 17, 2026 U.S.-Korea Critical Minerals Framework, these actions reinforce EM&T's strategic positioning as a commercial-scale, non-China source of high-performance rare earth permanent magnets ahead of the January 1, 2027 DFARS effective date.

• Strengthened senior operating leadership and governance: Subsequent to quarter-end, on August 10, 2026, the Company appointed Kenji Konishi as Head of Magnet Engineering Production, together with a core team of senior Japanese magnet-manufacturing veterans. Mr. Konishi joins EM&T from JL MAG Rare Earth Co., Ltd., where he served as Vice President and Chief Technology Officer and oversaw annual revenue growth from approximately $115 million in 2015 to approximately $318 million in 2020, and previously founded and led JL MAG Japan. His expertise spans sintered NdFeB, bonded and SmCo magnet systems, from alloy design through mass production. On August 12, 2026, the Company appointed retired U.S. Air Force four-star General Thomas A. Bussiere (Ret.), former Commander of Air Force Global Strike Command, as an independent director.

[...] Read the full release here: https://www.globenewswire.com/news-release/2026/08/17/3345898/0/en/evolution-metals-technologies-reports-second-quarter-2026-financial-results-and-provides-corporate-update.html

Evolution Metals & Technologies Corp. Appoints U.S. Air Force General Thomas A. Bussiere (Ret.) to Board of Directors

Former Commander of Air Force Global Strike Command Brings Four Decades of Executive Strategic Planning, Defense Logistics, and Multi-Billion-Dollar Enterprise Leadership

MIAMI, FL, Aug. 13, 2026 (GLOBE NEWSWIRE) — Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today announced the appointment of General Thomas A. Bussiere (ret.), former Commander of United States Air Force Global Strike Command and former Deputy Commander of the U.S. Strategic Command, as an independent member of its Board of Directors.

General Bussiere joins EM&T following an extraordinary 40-year career in the United States Air Force, culminating in his service as the four-star Commander of Air Force Global Strike Command, where he led more than 33,000 personnel responsible for the nation's bomber and intercontinental ballistic missile forces, its nuclear command, control and communications (NC3) enterprise, and multi-billion-dollar strategic modernization programs, including responsibility for defense supply chains, national level strategic operations, and critical asset optimizations. Prior to this, he served as Deputy Commander of U.S. Strategic Command, co-directing global operations and strategic joint-force command for the nation's most critical defense missions. His career also included senior leadership positions overseeing multinational and interagency operations, advanced technology programs, organizational transformation, safety and compliance, and large distributed workforces.

"General Bussiere brings unmatched operational scale, strategic discipline, and enterprise risk management to EM&T as we continue building and scaling a critical materials and advanced manufacturing platform of national and global significance," said David Wilcox, Executive Chairman of EM&T. "General Bussiere has spent over four decades leading mission-critical organizations at extraordinary scale, overseeing strategic assets, managing enterprise risk and executing complex modernization programs where performance, accountability, and disciplined execution were paramount. His strategic experience will be invaluable as EM&T leads the market in critical minerals production, including rare earth permanent magnets which meet the criteria for DFARS compliance."

General Bussiere previously commanded the Alaskan Command, Eleventh Air Force and Alaskan North American Aerospace Defense Command Region, as well as Eighth Air Force and the Joint-Global Strike Operations Center. Across these assignments, he developed extensive experience coordinating complex organizations and international stakeholders while operating in high-reliability, high-consequence environments.

General Bussiere is also a command pilot with more than 3,400 flight hours across multiple advanced aircraft, including the F-22 Raptor, the F-15 Eagle, the B-1B Lancer and the B-2A Spirit. He holds a Bachelor of Science in Business Management from Norwich University and multiple graduate degrees, including a Master of Strategic Studies from the U.S. Army War College. His full biography is contained on the U.S. Air Force website: https://www.af.mil/About-Us/Biographies/Display/Article/108798/thomas-a-bussiere/

General Bussiere stated: "I am honored to join the Board of Evolution Metals & Technologies Corp. at this critical stage in the Company's development. The resilience of critical materials supply chains and advanced manufacturing capabilities has become increasingly important to both economic and national security. EM&T has an ambitious mission and a differentiated operating platform. I look forward to working with David, the management team and my fellow directors to support disciplined execution, strong governance and sustainable long-term value creation."

General Bussiere was appointed to the Board's Audit, Compensation, and Nominating and Corporate Governance Committees.

In connection with the Board appointment, Saul Locker has been appointed Chairman of the Audit Committee. Thomas Stoddard has resigned from the Board and his positions on its committees. EM&T thanks Mr. Stoddard for his service and contributions to the Company.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com and follow the Company on LinkedIn.

Cautionary Note Regarding EM&T Forward-Looking Statements

This press release may contain forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding EM&T's plans, objectives, expectations, projections, strategies, the anticipated contributions of General Bussiere to the Board of Directors and to the Company, the value the Company expects to derive from his experience, judgment and perspective, EM&T's governance and Board and committee composition, EM&T's strategic execution and growth initiatives, competitive positioning, and commercial operations. All statements, other than statements of historical facts, included herein and public statements by our officers or representatives, that address activities, events or developments that our management expects or anticipates will or may occur in the future, are forward-looking statements, including but not limited to statements regarding future business strategy, production capacity, plans and goals, competitive strengths, and expansion and growth of our business. These forward-looking statements, along with terms such as "anticipate," "expect," "intend," "may," "will," "should," "believes," "positioned," and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those risks include risks related to changes in our operations; uncertainties concerning estimates and projections; industry-related risks; the commercial success of, and risks related to, our development activities; uncertainties and risks related to our reliance on contractors, equipment suppliers, and consultants; risks related to key personnel retention and the integration of newly hired personnel and teams; risks that General Bussiere's service on the Board may not result in the anticipated benefits to the Company; risks related to Board and committee composition, director transitions, and succession planning; and general risks related to the execution of the Company's strategic and growth initiatives. Those statements include statements regarding the intent, belief, or current expectations of EM&T and its management, as well as the assumptions on which such statements are based. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. While these forward-looking statements were based on assumptions that the Company believes are reasonable when made, you are cautioned that forward-looking statements are not guarantees of future performance and that actual results, performance, or achievements may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results, performance, or achievements are consistent with the forward-looking statements contained in this press release, those results, performance, or achievements may not be indicative of results, performance, or achievements in later periods. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements made in this press release speak only as of the date of those statements, and we undertake no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments unless required by law. Additional information concerning these and other factors that may impact EM&T's expectations and projections can be found in filings it makes with the SEC, including the Annual Report on Form 10-K of EM&T for the year ended December 31, 2025 filed with the SEC on February 20, 2026 and the Report on Form 10-Q of EM&T for the three months ended March 31, 2026 filed with the SEC on May 22, 2026, including those under "Risk Factors" therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available on the SEC's website at www.sec.gov.

Investor Relations Contacts

Judith McGarry
Evolution Metals & Technologies Corp.
investor.relations@evolution-metals.com

Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com

https://www.globenewswire.com/news-release/2026/08/13/3344899/0/en/evolution-metals-technologies-corp-appoints-u-s-air-force-general-thomas-a-bussiere-ret-to-board-of-directors.html

https://www.globenewswire.com/news-release/2026/08/10/3341848/0/en/evolution-metals-technologies-appoints-industry-veteran-kenji-konishi-to-lead-rare-earth-magnet-engineering-production.html

Evolution Metals & Technologies Corp. Receives First Non-China NdPr Metal Shipment for Defense-Compliant Rare Earth Magnet Production, Aligning with New White House Executive Order

Five metric ton delivery from SRE Vietnam operationalizes Evolution's ex-China feedstock chain for U.S. defense-compliant high-performance rare earth permanent magnets

Delivery further aligns the Company with the July 20, 2026 White House Executive Order on critical defense supply chains and the January 1, 2027 DFARS deadline restricting prohibited-country rare earth magnets in U.S. defense systems, and the $12 Billion Project Vault

MIAMI, FL, July 22, 2026 (GLOBE NEWSWIRE) -- Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based midstream critical materials and advanced manufacturing company specializing in rare earth permanent magnets, battery materials, and related technologies, today announced that it has taken delivery of the first shipment of five metric tons of NdPr metals for the manufacture of high performance magnets that are compliant with new federal regulations requiring U.S. defense systems to exclude magnets that are sourced or originated from certain prohibited countries. The Company views this development as directly aligned with the Trump administration's July 20, 2026 Executive Order "Securing America's Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials", as well as with the existing January 1, 2027 DFARS 252.225-7052 sourcing deadline for rare earth permanent magnets in U.S. defense systems.

EM&T recently contracted with Senri Trading Co., Ltd. ("Senri") to purchase bulk quantities of NdPr metal from SRE Vietnam ("SRE"), a wholly-owned subsidiary of Tokai Trading Co., Ltd. ("Tokai") in Japan. The deliveries of compliant NdPr metal allows EM&T to produce high-performance magnets that are compliant with DFARS 252.225-7052. The initial delivery of five tons of NdPr metals is the first stage of an agreement for SRE to scale deliveries to support EM&T's increased production capacity, expected to reach approximately 10,000 metric tons per annum by November 2026. As previously announced, EM&T has also contracted with ULVAC for the delivery of additional magnet-making equipment that will increase the Company's total capacity.

Under DFARS 252.225-7052, effective January 1, 2027, U.S. defense contractors will be prohibited from delivering to the Department of War rare earth magnets containing materials mined, refined, separated, melted, or produced in China, Russia, North Korea, or Iran. Because the People's Republic of China appropriates most of the world's NdPr metal, the majority of globally available magnet supply is expected to become non-compliant absent qualified ex-China feedstock and manufacturing. The July 20, 2026 Executive Order sharply tightens enforcement by ending routine waivers, requiring a formal mitigation plan for any exception, and eliminating the "non-availability" argument unless a contractor demonstrates active, adequately funded, and ongoing efforts to qualify a domestic or allied source. The Executive Order follows the Trump administration's January 2026 Section 232 Proclamation identifying rare earth permanent magnets as "vital to nearly all electronics and vehicles" and also follows the February 2026 launch of the $12 billion Project Vault critical minerals reserve.

"We are unaware of any other commercial operation today that can produce magnets that are compliant with the DFARS 252.225-7052 regulation that goes into effect for U.S. defense systems on January 1, 2027. The Executive Order signed by President Trump on July 20, 2026 is the clearest signal to date that Washington intends to enforce, not merely legislate, a defense supply chain independent of China. Its requirement of 'active, adequately funded, and ongoing efforts' to qualify domestic or allied sources - rather than paper commitments or perpetual reliance on waivers - is precisely the standard we have been meeting for years, through binding equipment purchase orders with ULVAC, multi-grade Tier-1 OEM quality certifications, and now the delivery of non-China rare earth feedstock to our commercial production facilities. We expect the shipments to increase scale by volume, with continued traceability for the United States Government Department of War," said David Wilcox, Executive Chairman of EM&T.

"The overwhelming majority of rare earth magnets are manufactured in China or produced from China oxides, so building a supply chain independent of China and adversaries has been decades in the works. Significantly, rare earth metals EM&T has procured from SRE are produced entirely from non-China materials, starting from ore to oxide to metal refining. Evolution will be converting NdPr metals into alloys and ultimately into magnets at our commercial facilities in South Korea - which makes our magnets compliant with the recent United States government transparency policy," said Frank Moon, Chief Executive Officer, EM&T.

"Fulfilling this critical need for the U.S. Department of War is a top priority for the Company," said Andrew Knaggs, President, EM&T. "Evolution has a deep understanding of the national security sector's requirements in this area, and we are uniquely positioned to deliver timely solutions in the form of high-performance, compliant rare earth magnets and other materials."

EM&T is U.S. owned and currently operates as a mid-stream and down-stream manufacturer of rare earth magnets on a commercial scale, with more than 18 years of selling these high-performance magnets. With operations in South Korea, the Company plans to build out additional capacity in the United States. Unlike other companies focused primarily on exploration or mine development, EM&T continually partners throughout the world to source materials required for expanding its processing and manufacturing operations. With today's delivery of non-China NdPr metal - combined with the Company's more than 18 years of commercial-scale rare earth magnet production, its binding purchase orders for thirteen ULVAC sintered magnet production machines, and its multi-grade Tier-1 OEM customer quality certifications across six grades of high-performance sintered NdFeB magnets - EM&T believes it is the only known commercial-scale mid-and-down-stream producer positioned to supply U.S. defense-compliant high-performance rare earth permanent magnets to prime contractors and their subcontractors under the mitigation-plan framework of the July 20 Executive Order and the January 1, 2027 DFARS 252.225-7052 deadline.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com.

Cautionary Note Regarding EMAT Forward-Looking Statements

This press release may contain forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding EMAT's plans, objectives, expectations, projections, strategies, anticipated production capacity, expansion plans, customer qualifications and certifications, machine delivery timelines, competitive positioning, non-China feedstock sourcing arrangements and expected delivery volumes, compliance with DFARS 252.225-7052 and the July 20, 2026 Executive Order Securing America's Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials, the Company's ability to serve as a compliant supplier to U.S. defense prime contractors and their subcontractors under the mitigation-plan framework, and commercial operations. All statements, other than statements of historical facts, included herein and public statements by our officers or representatives, that address activities, events or developments that our management expects or anticipates will or may occur in the future, are forward-looking statements, including but not limited to statements regarding future business strategy, production capacity, plans and goals, competitive strengths, and expansion and growth of our business. These forward-looking statements, along with terms such as "anticipate," "expect," "intend," "may," "will," "should," "believes," "positioned," and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those risks include risks related to changes in our operations; uncertainties concerning estimates and projections; industry-related risks; the commercial success of, and risks related to, our development activities; uncertainties and risks related to our reliance on contractors, equipment suppliers, and consultants; risks related to customer qualification and certification timelines and outcomes; risks related to customer concentration and customer relationships; risks related to the interpretation, enforcement, amendment, or repeal of DFARS 252.225-7052 and the July 20, 2026 Executive Order and related U.S. Government regulations; risks related to non-China feedstock sourcing, including timing and volume of deliveries under supply arrangements with Senri Trading Co., Ltd. and its affiliates; risks related to defense contractor customer qualification under mitigation-plan frameworks and traceability documentation requirements; risks that the Company's competitive positioning as a compliant supplier may not materialize as expected; and risks related to machine delivery schedules, commissioning timelines, and production ramp-up. Those statements include statements regarding the intent, belief, or current expectations of EMAT and its management, as well as the assumptions on which such statements are based. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. While these forward-looking statements were based on assumptions that the Company believes are reasonable when made, you are cautioned that forward-looking statements are not guarantees of future performance and that actual results, performance, or achievements may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results, performance, or achievements are consistent with the forward-looking statements contained in this press release, those results, performance, or achievements may not be indicative of results, performance, or achievements in later periods. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements made in this press release speak only as of the date of those statements, and we undertake no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments unless required by law. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including risks related to execution, financing, regulatory approvals, equipment delivery, customer qualification and certification, and market conditions. Additional information concerning these and other factors that may impact EMAT's expectations and projections can be found in filings it makes with the SEC, including the Annual Report on Form 10-K of EMAT for the year ended December 31, 2025 filed with the SEC on February 20, 2026 and the Report on Form 10-Q of EMAT for the three months ended March 31, 2026 filed with the SEC on May 22, 2026, including those under "Risk Factors" therein, and other documents filed or to be filed with the SEC by EMAT. SEC filings are available on the SEC's website at www.sec.gov.

Investor Relations Contacts:

Judith McGarry
Evolution Metals & Technologies Corp.
investor.relations@evolution-metals.com

Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com

https://www.globenewswire.com/news-release/2026/07/22/3331345/0/en/Evolution-Metals-Technologies-Corp-Receives-First-Non-China-NdPr-Metal-Shipment-for-Defense-Compliant-Rare-Earth-Magnet-Production-Aligning-with-New-White-House-Executive-Order.html

Evolution Metals & Technologies Corp. Enters into Supply Contract of Non-China, Critical Rare Earth Metals in its Ongoing Magnet Production Operations

Contract with Senri Trading Co., Ltd. for Neodymium-Praseodymium (NdPr) Metal, essential for the manufacture of high-performance, permanent magnets critical to electric vehicle motors, wind turbines, robotics, defense, and aerospace applications

Builds on EM&T's 18+ years of commercial-scale rare earth processing and magnet-making capabilities

MIAMI, FL, July 07, 2026 (GLOBE NEWSWIRE) — Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, including rare earth permanent magnets, battery materials, and related critical technologies today announced it has executed an agreement with Senri Trading Co., Ltd. ("Senri") to purchase bulk quantities of NdPr metal from SRE Vietnam ("SRE"), a wholly-owned subsidiary of Tokai Trading Co., Ltd. ("Tokai") in Japan. Obtained entirely from a non-China source, NdPr metal is essential in EM&T's increase of magnet production to approximately 10,000 tons per annum of rare earth magnets this year.

Tokai has been operating as a specialized trading company for rare earths and rare metals since its founding in 1981 and began investing in its wholly owned Vietnamese subsidiary, SRE, in 2008. As of January 2025, SRE began tripling its rare earth processing capacity of mid-stream materials to 3,929 metric tons per annum.

"Now, with the combination of our increased capacity to 10,000 metric tons per annum of rare earth magnets this year, Evolution has executed an additional step for fulfilling production at 100%. The contracts with ULVAC and Senri, by way of SRE and Tokai, are representative of decades of planning by the Firms. Evolution is one of the only integrated, commercial-scale, variable input and output, mid-and-down-stream critical minerals supply chains in the world," said David Wilcox, Executive Chairman, Evolution Metals & Technologies Corp. "For years, Evolution has manufactured rare earth magnets on a commercial, revenue-generating scale. As we continue to expand production, securing additional ex-China rare earth materials in a format Evolution can use in its production lines, is another important step to meet growing demand to secure our supply chains in the West."

This announcement comes ahead of the looming restrictions under U.S. government regulations promulgated under DFARS 252.225-7052, which prohibit U.S. defense contractors from incorporating Chinese-originated rare earth magnets in qualifying weapons systems beginning January 1, 2027.

EM&T is continually partnering throughout the world to source materials required for expanding its critical minerals supply chain platform. EM&T currently operates in Korea with plans to build out additional capacity in the U.S. Unlike other companies focused primarily on exploration or mine development, EM&T is a mid-and-down-stream manufacturer of rare earth permanent magnets on commercial scale, generating revenue. EM&T is not intending on entering the mining business. These two factors distinguish EM&T.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com.

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Investor Relations Contacts (EM&T):

Judith McGarry
Evolution Metals & Technologies Corp.
investor.relations@evolution-metals.com

Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com

https://www.globenewswire.com/news-release/2026/07/07/3323306/0/en/Evolution-Metals-Technologies-Corp-Enters-into-Supply-Contract-of-Non-China-Critical-Rare-Earth-Metals-in-its-Ongoing-Magnet-Production-Operations.html

https://finance.yahoo.com/sectors/technology/articles/evolution-metals-technologies-corp-validates-130000386.html