Evolution Metals secures up to $100 million Yorkville investment for rare earth magnet expansion

Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp.

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  • Evolution Metals & Technologies secured up to USD 100 million in a multi-tranche convertible facility from Yorkville Advisors Global.
  • Proceeds earmarked for expansion of commercial operations, including higher annual output of high-performance rare earth magnets.
  • Plans include scaling operations through development of a fully integrated U.S. industrial campus, with Phase I expected to establish largest hydrometallurgical facility in the Western Hemisphere.
  • Financing issued as debentures convertible into common stock, subject to customary limitations including compliance with Nasdaq rules.


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