Evolution Metals & Technologies
Processes rare-earth materials and manufactures permanent magnets through Korean operating subsidiaries.
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Profile
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
Key statistics
Year to date −72.6% · Average volume (30d) 732.2K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 17, 2026Q2 FY26 | −$0.02 | −$0.02 | 0.0% | $2.2M | $1.6M | −23.9% | −7.92% |
| May 22, 2026Q1 FY26 | −$0.03 | −$0.02 | +33.3% | $1.9M | $1.9M | −1.1% | −10.89% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $1.9M | $1.6M | |
| Gross profit | $0 | $0 | $0 | $0 | $445.0K | −$115.0K | |
| Operating income | −$3.3M | −$606.2K | −$467.0K | −$362.8K | −$6.3M | −$12.2M | |
| Net income | −$18.0M | −$521.0K | −$435.7K | −$312.3K | −$440.3M | −$11.9M | |
| Diluted EPS | −$0.15 | −$0.16 | −$0.16 | −$0.11 | −$0.72 | −$0.02 | |
| Gross margin | — | — | — | — | 23.7% | -7.0% | |
| Operating margin | — | — | — | — | -332.9% | -744.9% |
Fiscal years (4-quarter sums)FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $5.3M · Total debt $21.3M · Total assets $95.1M · Shareholders' equity −$18.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 593.35M · Float 52.14M · 8.8% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Zeus Trust, UA dated April 15, 2025 · 10 percent owner | 416.44M | 70.18% | Form 4 | Feb 18, 2026 |
| David Wilcox · director, 10 percent owner, officer: Executive Chairman | 416.44M | 70.18% | Form 4 | Jan 5, 2026 |
| Good Earth 1000, LLC · 10 percent owner | 63.42M | 10.69% | Form 4 | Aug 28, 2026 |
| NYX 2025 Irrevocable Trust, UA dated April 8, 2025 · 10 percent owner | 59.53M | 10.03% | Form 4 | Feb 13, 2026 |
| Andrew F. Knaggs · 10 percent owner, officer: President | 59.53M | 10.03% | Form 4 | Jan 5, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 13, 2026 | Thomas K. Stoddard | director | +1,000 | $13.99 |
Peers
- MP Materials
Rare-earth oxides, metals, and permanent-magnet supply chain overlap
- NeoGenomics
Magnetic powders and rare-earth permanent magnets for advanced motors
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Evolution Metals & Technologies | $3.24 | 0.00% | $1.94B | — | — | 552.0 | — |
| MP Materials | $56.28 | +0.23% | $9.99B | — | 173.8 | 32.7 | +89.0% |
| NeoGenomics | $18.20 | +0.86% | $463.8M | — | 64.9 | 0.6 | +11.2% |
| Median | — | 119.4 | 16.7 | +50.1% |