Evolution Metals & Technologies Corp. (EMAT)
Materials · Critical materials recycling and rare earth processing · Nasdaq
A vertically integrated rare earth and battery materials recycler using urban mining and proprietary automation to build a secure domestic supply chain for critical minerals.
What Evolution Metals & Technologies Corp. does
Evolution Metals & Technologies Corp. is a vertically integrated critical materials company focused on recycling end-of-life materials—including spent lithium-ion batteries, electronic waste, and magnets—to recover rare earth elements, battery metals, precious metals, and base metals. The company operates commercial-scale recycling and processing facilities producing rare earth oxides, metals, alloys, powders, bonded and sintered magnets, battery-grade sulfates, carbonates, and precursor cathode active materials for delivery to gigafactories, defense suppliers, and OEMs. EM&T combines urban mining with proprietary automation and AI-enabled systems to operate a closed-loop recycling model integrated across hydrometallurgical and pyrometallurgical processing, designed to build a secure U.S.-aligned supply chain for critical minerals.
Themes: ["Critical minerals / rare earth elements recycling","Urban mining / end-of-life materials recovery","EV battery recycling / battery materials supply chain","Rare earth magnets manufacturing","Domestic critical materials supply chain","Hydrometallurgical and pyrometallurgical processing","Closed-loop recycling / circular economy"]
Fundamentals
- Price$5.63 as of 2026-07-10 close
- Market cap$3.5B as of 2026-07-12
- 1-year return-48.8% as of 2026-07-10 close
- ROE-86.5% as of 2026-07-12
- Debt / equity5.49 as of 2026-07-12
- Beta0.04 as of 2026-07-12
Key risks (from latest filing)
["Dependence on steady supply of spent lithium-ion batteries and end-of-life materials from third parties; disruptions in feedstock sourcing could impact operations","Delays in achieving full-scale commercial operations at planned U.S. industrial campus and challenges in scaling manufacturing capacity and implementing smart factory automation","Exposure to commodity price volatility for rare earth and battery materials, and impacts from government policy, tariffs, and trade restrictions on critical materials"]
Competitors & peers
- Redwood Materials
- Ascend Elements
- Li-Cycle Holdings
- Glencore (GLCNF)
- Lynas Rare Earths
- MP Materials Corp. (MP)
- Novelis Inc. (NOVL)
Fundamentals: Finnhub, as of 2026-07-12. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.