Desk · Processors & magnets · Magnets & alloys
NASDAQ:EMAT
Evolution Metals & Technologies
SPAC-listed Korean magnet roll-up (Jan 2026). Small installed capacity, large US-campus slides. On the desk so you can see the difference between a listing and a pulse.
Stalled
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 11-01 Permit
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Life support
Isoelectric. No material beat in the window. A listing is not vitality.
- Last beat
- —
- Beats / 90d
- 0
- Recent gap
- —
0 beats in 180d
- — No dated beat in the trailing window.
- — Next: Sited, permitted, financed US plant — or a retraction of capacity claims (71d).
- — US listing is done. Pulse is the asset, not the ticker.
Trading
- Last
- $8.40
- 1d
- -2.1%
- Mkt cap
- $2.5B
- Volume
- 1.2M
- 52-week
- $2.1 – $18.0
- 1m
- —
- 3m
- —
- 1y
- —
Shares — · snapshot, not a live tape
Company & people
HQ
Miami / South Korea
Focus
Magnets & alloys · Processor / no mine
CEO Evolution Metals management (post-Welsbach SPAC)
- Korean operating subsidiaries: KMMI, NS World, KCM, Handa Lab
Mine / project
Flagship
Korean magnet plants; planned US campus (unsited)
Location
South Korea (ops); Miami (HQ) · South Korea / United States (plan)
Deposit
Sintered and bonded NdFeB — no mine
Resource
Installed Korean magnet capacity hundreds of tpa, not tens of thousands. Q1’26 revenue ~$1.9m vs large SG&A.
Radioactivity
n/a (no mine)
Capital, loans, grants & support
None the desk is willing to count yet.
The Pulse
Nasdaq is not a pulse. A 400 tpa Korean plant and a 55,000 tpa US slide are different companies. Stays on the universe so the desk can sort listing from vitality. Off the strongest list on purpose.
Listed Jan 2026 via Welsbach SPAC. The listing already happened. The plant in America has not.
Next: 1 Nov 2026 — Sited, permitted, financed US plant — or a retraction of capacity claims
Catalysts
Sited, permitted, financed US plant — or a retraction of capacity claims
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method