Evolution Metals & Technologies 2026年季度报告

TABLE OF CONTENTS PART I — FINANCIAL INFORMATION Cautionary Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements that reflect our current expectations and views of futureevents, all of which are subject to risks and uncertainties. Forward-looking statements give our current expectations or forecasts offuture events. All statements, other than statements that relate strictly to present or historical fact included in this Quarterly Report,such as statements regarding our future financial performance, strategy, operations, financial position, estimated revenues and losses,projected costs, prospects, plans, and objectives of management are forward-looking statements. You can find many (but not all) ofthese statements by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” As a result of various known and unknown risks and uncertainties, our actual results or performance may differ materially fromthose expressed or implied by these forward-looking statements. These include, among other factors: ●risks relating to the integration of operations following our business combination; ●global demand for rare earth and battery materials and the ability to source sufficient volumes of spent lithium-ion batteriesfrom third parties; ●the impact of government policy and trade restrictions; ●delays in achieving full-scale commercial operations at our planned recycling and processing facilities; ●challenges in implementing smart factory automation or scaling manufacturing capacity; ●the inability to establish or maintain supply relationships for critical feedstock materials and the availability and cost offeedstock and raw materials; ●changes in government policies, tariffs, or incentive programs affecting critical materials; ●fluctuations in commodity prices and global demand for rare earth and battery materials; ●our ability to raise capital and execute its growth strategy in a cost-effective manner; ●expectations regarding our strategies and future financial performance, including future business plans, expansion andacquisition plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, ●our ability to attract and retain talented personnel; ●our ability to compete with companies that have significantly more resources; ●our ability to meet certain certification and compliance standards; ●our ability to protect its intellectual property rights and ability to protect itself against potential intellectual propertyinfringement claims; ●the potential characterization of us as an investment company subject to the Investment Company Act of 1940, as amended(the “Investment Company Act”); and ●the ability to maintain our listing on Nasdaq. We base our forward-looking statements on our management’s beliefs and assumptions based on information available to ourmanagement at the time the statements are made. We caution you that actual outcomes and results may, and are likely to, differmaterially from what is expressed, implied, or forecast by our forward-looking statements. Accordingly, potential investors should be The forward-looking statements contained in this Quarterly Report are based on our current expectations and beliefs concerningfuture developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated.These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or otherassumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, PART I — FINANCIAL INFORMATION Supplemental disclosure of noncash investing and financing activities: EVOLUTION METALS & TECHNOLOGIES CORP.NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1 - Description of Organization and Business Operations Evolution Metals & Technologies Corp. (formerly known as Welsbach Technology Metals Acquisition Corp. or “WTMA”), aDelaware corporation, and collectively with its subsidiaries (the “Company,” “EM&T,” or “New EM”) is developing a secure, reliableglobal supply chain for critical minerals and materials (“CMM”), leveraging advanced technologies and strategic consolidation ofmidstream and downstream manufacturers. The Company will support key industries, such as automotive and aerospace, while driving To achieve this vision, on January 5, 2026, EM LLC acquired a controlling equity interest in four separate Korean entities(collectively, the “Four Entities”). The Four Entities are critical to the CMM supply chain in order to combine initial capabilitiesbelieved to serve as the foundation for the Company’s growth, transforming raw materials into