Evolution Metals & Technologies Corp. filed its Quarterly Report on Form 10-Q with the SEC for the period ended June 30, 2026, disclosing condensed consolidated financial statements and management discussion as of August 17, 2026.

Key Highlights

  • Shares outstanding: As of August 17, 2026, the company had 621,800,646 shares of common stock issued and outstanding.
  • Total assets: Total Assets were $95,084 thousand as of June 30, 2026, up from $22,491 thousand as of December 31, 2025.
  • Cash and cash equivalents: Cash and cash equivalents stood at $5,254 thousand as of June 30, 2026, compared to $11,685 thousand at December 31, 2025.
  • Goodwill: Goodwill of $58,909 thousand appeared on the June 30, 2026 balance sheet, compared to zero at December 31, 2025.
  • Accounts receivable: Accounts receivable, net, were $2,218 thousand as of June 30, 2026, compared to zero at December 31, 2025.
  • Inventories: Inventories, net, were $1,499 thousand as of June 30, 2026, compared to zero at December 31, 2025.
  • Company classification: The registrant is classified as a non-accelerated filer, smaller reporting company, and emerging growth company.

Balance Sheet Shifts Signal Acquisition Activity at Evolution Metals

Evolution Metals & Technologies Corp. (NASDAQ:EMAT), headquartered at 4040 NE 2nd Ave, Suite 349, Miami, Florida, filed its Form 10-Q for the quarterly period ended June 30, 2026. According to the filing, total assets grew to $95,084 thousand from $22,491 thousand at December 31, 2025, a significant change driven in large part by the appearance of goodwill of $58,909 thousand, which was not present on the prior year-end balance sheet. The filing also reported property, plant and equipment, net, of $7,333 thousand and intangible assets, net, of $6,347 thousand as of June 30, 2026, both of which were zero at December 31, 2025.

The company disclosed that deferred Transaction Costs of $9,265 thousand, which appeared on the December 31, 2025 Balance Sheet as a noncurrent asset, were no longer present as of June 30, 2026, consistent with the emergence of goodwill and other acquired assets. Accounts receivable, net, were $2,218 thousand, and non-trade accounts receivable, net, were $1,848 thousand as of June 30, 2026. Non-trade Accounts Receivable from related parties totaled $796 thousand. Prepaid expenses and other current assets were $3,084 thousand as of June 30, 2026, compared to $48 thousand at December 31, 2025.

The filing noted that the company had 621,800,646 shares of common stock issued and outstanding as of August 17, 2026. The registrant confirmed it is not a shell company and has filed all required Exchange Act reports during the preceding 12 months. The quarterly report contains forward-looking statements that, according to the filing, "are subject to risks and uncertainties" and represent the company's own expectations, subject to its cautionary language. The filing lists risks including global Demand for rare earth and battery materials, government policy, trade restrictions, and the ability to maintain its Nasdaq listing.

What Was Disclosed

Evolution Metals & Technologies Corp. filed a Form 10-Q for the quarter ended June 30, 2026, reporting total assets of $95,084 thousand, goodwill of $58,909 thousand, and 621,800,646 shares outstanding, alongside condensed consolidated financial statements and management discussion.