Form 8-K

8-K — Evolution Metals & Technologies Corp.

Accession: 0001213900-26-056264

Filed: 2026-05-14

Period: 2026-05-13

CIK: 0001866226

SIC: 3690 (MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES)

Item: Entry into a Material Definitive Agreement

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — ea0290720-8k_evolution.htm (Primary)

EX-10.1 — EQUIPMENT SUPPLY CONTRACT NO. W20260330-001-01 BY AND BETWEEN EVOLUTION METALS LLC AND ULVAC KOREA, LTD. DATED MAY 13, 2026 (ea029072001ex10-1.htm)

EX-10.2 — EQUIPMENT SUPPLY CONTRACT NO. W20260330-003-01 BY AND BETWEEN EVOLUTION METALS LLC AND ULVAC KOREA, LTD. DATED MAY 13, 2026 (ea029072001ex10-2.htm)

EX-10.3 — EQUIPMENT SUPPLY CONTRACT NO. W20260330-004-01 BY AND BETWEEN EVOLUTION METALS LLC AND ULVAC KOREA, LTD. DATED MAY 13, 2026 (ea029072001ex10-3.htm)

EX-10.4 — EQUIPMENT SUPPLY CONTRACT NO. W20260330-005-01 BY AND BETWEEN EVOLUTION METALS LLC AND ULVAC KOREA, LTD. DATED MAY 13, 2026 (ea029072001ex10-4.htm)

EX-10.5 — EQUIPMENT SUPPLY CONTRACT NO. W20260330-006-01 BY AND BETWEEN EVOLUTION METALS LLC AND ULVAC KOREA, LTD. DATED MAY 13, 2026 (ea029072001ex10-5.htm)

EX-10.6 — EQUIPMENT SUPPLY CONTRACT NO. W20260330-007-01 BY AND BETWEEN EVOLUTION METALS LLC AND ULVAC KOREA, LTD. DATED MAY 13, 2026 (ea029072001ex10-6.htm)

EX-10.7 — EQUIPMENT SUPPLY CONTRACT NO. W20260330-008-01 BY AND BETWEEN EVOLUTION METALS LLC AND ULVAC KOREA, LTD. DATED MAY 13, 2026 (ea029072001ex10-7.htm)

EX-10.8 — EQUIPMENT SUPPLY CONTRACT NO. W20260330-009-01 BY AND BETWEEN EVOLUTION METALS LLC AND ULVAC KOREA, LTD. DATED MAY 13, 2026 (ea029072001ex10-8.htm)

EX-99.1 — PRESS RELEASE DATED MAY 13, 2026 (ea029072001ex99-1.htm)

GRAPHIC (ea029072001_ex99-1img1.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — CURRENT REPORT

8-K (Primary)

Filename: ea0290720-8k_evolution.htm · Sequence: 1

false

0001866226

2026-05-13

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities

Exchange Act of 1934

Date of report (Date of earliest event reported):

May 13, 2026

Evolution Metals & Technologies Corp.

(Exact name of registrant as specified in its charter)

Delaware

001-41183

87-1006702

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer

Identification No.)

4040 NE 2nd Ave, Suite 349

Miami, Florida 33137

(Address and zip code of principal executive offices)

561-225-3205

(Registrant’s telephone number, including

area code)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which

registered

Common Stock, $0.0001 par value per share

EMAT

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange

Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant

has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant

to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

On May 13, 2026, Evolution Metals LLC, (“EM

LLC”), a wholly owned subsidiary of Evolution Metals & Technologies Corp. (the “Company”), entered into eight separate

equipment supply contracts (collectively, the “Contracts” and each a “Contract”) with ULVAC Korea, Ltd. (“ULVAC

Korea”) for the purchase of vacuum induction melting furnaces and continuous vacuum sintering furnaces. The equipment is intended

for use in the Company’s rare earth metal and rare earth permanent magnet production operations. A summary of the equipment to be

supplied under the eight Contracts is set forth below:

Contract No.

Equipment

Quantity

W20260330-001-01

Vacuum Induction Melting Furnace (600 kg) — Magcaster-600C, with Karayaki-ro, Recovering Container Turning Device and Furnace Lining Turning Device

2 sets

W20260330-003-01

Vacuum Induction Melting Furnace (600 kg) — Magcaster-600C

2 sets

W20260330-004-01

Vacuum Induction Melting Furnace (50 kg) — FVI-50-SC

2 sets

W20260330-005-01

Continuous Vacuum Sintering Furnace — FSC-6150C-8

2 sets

W20260330-006-01

Continuous Vacuum Sintering Furnace — FHH-6150C-6

2 sets

W20260330-007-01

Vacuum Induction Melting Furnace (600 kg) — Magcaster-600C/A, with Karayaki-ro, Recovering Container Turning Device and Furnace Lining Turning Device

1 set

W20260330-008-01

Vacuum Induction Melting Furnace (600 kg) — Magcaster-600C/A

1 set

W20260330-009-01

Vacuum Induction Melting Furnace (50 kg) — FVI-50-SC/A

1 set

Material Terms

Delivery. Delivery is to be made on a DDP buyer final destination basis (Republic

of Korea) no later than November 30, 2026. Delivery is to occur prior to completion of full installation and commissioning at the buyer’s

site.

Payment Structure. Each Contract provides

for payment in four installments tied to project milestones: a first installment due in May or July 2026; a second installment due in

July or August 2026; a third installment due within five (5) days of shipment ex Dalian; and a final installment due within thirty (30)

days of arrival at destination.

Performance Bond and Cargo Insurance. ULVAC

Korea is required to procure, and to submit to EM LLC within twenty-four (24) hours after execution of each Contract, a performance guarantee

insurance policy issued by Seoul Guarantee Insurance Co., Ltd. covering ULVAC Korea’s delivery obligations. ULVAC Korea is also

required, at its sole cost, to procure and maintain comprehensive inland, transit and marine cargo insurance covering the equipment from

its facility through final delivery in the Republic of Korea.

Acceptance, Warranty and Late-Delivery Remedies.

Shipment of the equipment is conditioned upon successful completion of a Factory Acceptance Test (FAT) in the presence of EM LLC and

mutual agreement on the On-site Installation Inspection Test Plan (ITP). ULVAC Korea will deliver technical specifications, acceptance

criteria, equipment drawings, testing reports and the ITP prior to or during the FAT. ULVAC Korea provides a one (1) year warranty on

the equipment, running from completion of full commissioning and commencement of normal operation at the buyer’s site. Late delivery

(other than as a result of force majeure) is subject to a daily late-delivery penalty payable by ULVAC Korea, subject to a cap.

Cancellation, Force Majeure and Governing Law.

EM LLC has the right to terminate any Contract for its convenience at any time prior to delivery upon written notice, subject to a

tiered cancellation charge that scales with the number of weeks between ULVAC Korea’s receipt of advance payment and the date of

cancellation. Either party may terminate a Contract if a force majeure event continues for more than four (4) weeks. The Contracts are

governed by the laws of the Republic of Korea, with disputes settled by arbitration in the Republic of Korea before the Korean Commercial

Arbitration Board; the United Nations Convention on Contracts for the International Sale of Goods is expressly excluded.

Relationship. ULVAC Korea is not a related

party to the Company or EM LLC. The Contracts were negotiated on arm’s-length terms.

The foregoing description of the Contracts does

not purport to be complete and is qualified in its entirety by reference to the full text of the Contracts, which are filed as Exhibits

10.1 through 10.8, to this Current Report on Form 8-K and are incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

On May 14, 2026, the Company issued a press release

announcing the Company’s entering into the Contracts with ULVAC Korea for the purchase of certain equipment as discussed above.

A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

The information in this Item 7.01 of this Current

Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18

of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section,

nor shall it be deemed incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended, or the Exchange

Act, except as expressly set forth by specific reference in such filing.

Cautionary Statement Regarding Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking

statements within the meaning of the federal securities laws, including within the meaning of the “safe harbor” provisions

of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or

the future financial or operating performance of EMAT and may include, without limitation, statements regarding EMAT’s strategy,

business plans, growth opportunities, projected financial information, expected production capacities, anticipated market demand, regulatory

developments, and other future events or conditions. In some cases, you can identify forward-looking statements by terminology such as

“may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,”

“believe,” “predict,” “potential,” “plan,” “project,” “target,”

“forecast,” or the negatives of these terms or variations of them or similar terminology. These forward-looking statements

are based on management’s current expectations and assumptions and are subject to risks, uncertainties, and other factors that could

cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties

include, but are not limited to, EMAT’s ability to execute its business plan, obtain financing, construct and scale facilities,

secure feedstock and offtake agreements, obtain necessary permits and regulatory approvals, manage supply chain disruptions, respond to

competitive pressures, address geopolitical and macroeconomic risks, and other risks described in EMAT’s filings with the U.S. Securities

and Exchange Commission (the “SEC”). Forward-looking statements speak only as of the date they are made. EMAT undertakes no

obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except

as required by law.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are being filed herewith:

Exhibit No.

Description

10.1#

Equipment Supply Contract No. W20260330-001-01 by and between Evolution Metals LLC and ULVAC Korea, Ltd. dated May 13, 2026.

10.2#

Equipment Supply Contract No. W20260330-003-01 by and between Evolution Metals LLC and ULVAC Korea, Ltd. dated May 13, 2026.

10.3#

Equipment Supply Contract No. W20260330-004-01 by and between Evolution Metals LLC and ULVAC Korea, Ltd. dated May 13, 2026.

10.4#

Equipment Supply Contract No. W20260330-005-01 by and between Evolution Metals LLC and ULVAC Korea, Ltd. dated May 13, 2026.

10.5#

Equipment Supply Contract No. W20260330-006-01 by and between Evolution Metals LLC and ULVAC Korea, Ltd. dated May 13, 2026.

10.6#

Equipment Supply Contract No. W20260330-007-01 by and between Evolution Metals LLC and ULVAC Korea, Ltd. dated May 13, 2026.

10.7#

Equipment Supply Contract No. W20260330-008-01 by and between Evolution Metals LLC and ULVAC Korea, Ltd. dated May 13, 2026.

10.8#

Equipment Supply Contract No. W20260330-009-01 by and between Evolution Metals LLC and ULVAC Korea, Ltd. dated May 13, 2026.

99.1

Press Release dated May 14, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

# Certain confidential portions (indicated by brackets and

asterisks) of this exhibit have been omitted

SIGNATURES

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 14, 2026

Evolution Metals & Technologies Corp.

By:

/s/ Christopher Clower

Name:

Christopher Clower

Title:

Chief Financial Officer and Chief Operating Officer

EX-10.1 — EQUIPMENT SUPPLY CONTRACT NO. W20260330-001-01 BY AND BETWEEN EVOLUTION METALS LLC AND ULVAC KOREA, LTD. DATED MAY 13, 2026

EX-10.1

Filename: ea029072001ex10-1.htm · Sequence: 2

Exhibit 10.1

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED

FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. INFORMATION THAT

WAS OMITTED HAS BEEN NOTED IN THIS DOCUMENT WITH A PLACEHOLDER IDENTIFIED BY THE MARK “[******]”

CONTRACT

계약서

CONTRACT No.: W20260330-001-01

계약번호:

W20260330-001-01

DATE: May,13th,2026

계약체결일: 2026년

5월 13일

THE BUYER: EVOLUTION METALS

LLC

(Wholly owned subsidiary

of Evolutions Metals & Technologies Corp)

NASDAQ: EMAT

06651 Office 2F A01, 39,

Banpo-daero 22-gil, Seocho-gu, Seoul, Republic of Korea

TEL：+82+(0)42-863-9913

매수인: 에볼루션메탈스

유한회사(EM LLC)

(에볼루션

메탈스 엔드 테크놀로지 코포레이션의 100%

자회사)

나스닥:

EMAT

서울특별시

서초구 반포대로22길 39, 2층 에이01호(서초동,

우신1549빌딩)

전화번호:

+82+(0)42-863-9913

THE SELLER:　ULVAC

KOREA, Ltd.

5, Hansan-gil, Cheongbuk-eup,

Pyeongtaek-si, Gyeonggi-Do, Korea 17792

TEL：+82-31-683-2922

매도인: 한국알박

주식회사(韓國알박 株式會社)

경기도 평택시

청북읍 한산길 5

전화번호:

+82-31-683-2922

This Contract is made by and between the Buyer

and the Seller; whereby the Buyer agrees to purchase, and the Seller agrees to sell the products (the “Products”) described

below on the terms and conditions stipulated below:

본 계약은 매수인과

매도인 간에 체결되었고, 매수인은 아래에

기재된 물품(이하 “물품”)을 매수하고 매도인은

이를 판매하기로 하며, 그 조건은 이하에

규정된 내용에 따른다.

No.

PRODUCTS AND SPECIFICATIONS

QUANTITY

UNIT PRICE

TOTAL PRICE

Vacuum Induction Melting Furnace (600kg)

Model

: Magcaster-600C

2 sets

KRW [**********]

KRW [***********]

Include Accessories as below：

Karayaki-ro,

Recovering Container Turning Device

Furnace Lining Turning Device

TOTAL KRW [*********]

※ Include DDP Buyer destination Korea.

TOTAL CONTRACT PRICE: [***************************] KRW Only

Page 1 / 5

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. INFORMATION THAT WAS OMITTED HAS BEEN NOTED IN THIS DOCUMENT WITH A PLACEHOLDER IDENTIFIED BY THE MARK “[******]”

순번

물품 품명 및 사양

수량

단가

총액

진공 유도 용해로 (600kg)

모델명: Magcaster-600C

2세트

[***********]원

[*********]원

아래 부속품 포함:

Karayaki-ro

회수 용기 회전

장치

(Recovering Container Turning Device)

용해로 라이닝

회전 장치

(Furnace Lining Turning Device)

총액 [************]원

※ 본 가격은 매수인 지정 대한민국 DDP조건

총

계약금액:

금

[************************************] 정

＊Above furnace will be located in Republic

of Korea.

上記装置の仕向国：韓国

상기 용해로의

수출 목적지는 대한민국임.

1） Delivery term

The Seller shall

be solely responsible for, and shall bear all costs associated with obtaining the required Export License (EL) within thirty (30) days

of the execution of this Contract. Following confirmation of the order and the EL, the Seller shall deliver the products on a DDP buyer

final destination basis by no later than November 30, 2026. Such delivery shall be made prior to completion of full installation and commissioning.

2） Port of shipment

International seaport

3） Packing

To be packed in new strong wooden

cases/carton suitable for long distance sea transportation and well protected against dampness, moisture, shock, rust and other perils

of international ocean shipment.

4）

Insurance（to final destination point in Korea）

The Seller shall, at its sole cost

and expense, procure and maintain comprehensive inland, transit and marine cargo insurance covering the Products from the Seller’s

facility through to final delivery.

5） Performance Bond Insurance

The Seller shall, at the Buyer’s

request, provide a performance guarantee insurance policy (from Seoul Guarantee Insurance Co., Ltd.) with an insured amount equivalent

to the contract price to guarantee the delivery of the products under this Contract.

The insurance shall cover the scenario

which the Seller fails to deliver the products notwithstanding the Buyer’s full payment of the contract price. The Seller shall

submit the insurance policy to the Buyer without delay after taking out the insurance no later than twenty-four (24) hours from the date

of the Contract.

Page 2 / 5

6） Terms of Payment

First

Payment：

KRW

[********] on May 14, 2026.

Second

Payment:

KRW

[********] on July 30, 2026.

Third

Payment：

KRW

[********] within 5 days from shipment.

Final

Payment:

KRW

[********] within 30 days from destination arrival.

7） Shipping Documents

A) Commercial invoice

B) Packing List

8) Inspection and Delivery Management

A） The Seller shall conduct equipment verification

based on the content specified in the acceptance method attached as an appendix to this Contract, and perform FAT (Factory Acceptance

Test) with the Buyer present.

B） The Seller shall submit the following documents

prior to or during the FAT:

・ Technical specifications

・ Acceptance criteria

・ Equipment drawings and general arrangement drawings

・ Testing report based on Acceptance method

・ On-site installation Inspection Test Plan (ITP)

C） The On-site ITP and the delivery schedule under Free

On Board (FOB) terms shall be determined through mutual consultation. Shipment shall not be carried out without such agreement.

D) If the above documents are not submitted or approved, the

Buyer may postpone shipment and payment schedule or deem the FAT unsuccessful.

9) Warranty

The Products shall be free of defects.

Troubles imputable to defect in material or workmanship during normal operation or handling within one year from the date of completion

of full commissioning and commencement of normal operation at the Buyer’s site shall be promptly corrected by ULVAC free of charge.

This warranty, however, does not cover

consumables, such as O-rings, pump oils, tester, etc. ULVAC is not liable for any secondary or consequential damages, namely compensation

for product loss or opportunity loss by trouble of this system.

The Seller has good and marketable

title to the Products, free and clear of all security interests, lien and encumbrances. Seller has, or will have, all valid authorization,

consent, orders, filing and registration necessary to effectuate and perform the terms of this Contract.

Page 3 / 5

10) Force Majeure

The Seller shall not be held responsible

for delay in shipment or non-delivery of the Contract Products solely to the extent caused by war, fire, flood, typhoon or earthquake

(a “Force Majeure Event”), provided that such Force Majeure Event is objectively beyond the reasonable control of the Seller,

could not have been reasonably foreseen or prevented, and cannot be overcome by the Seller’s commercially reasonable efforts to

mitigate the effect of such Events. The Seller shall advise the Buyer in writing immediately of a Force Majeure Event and within 14 days

thereafter, the Seller shall send by air mail or e-mail to the Buyer a declaration letter issued by a competent government authority verifying

such event. The delay caused by the Force Majeure event would not constitute a delivery delay. However, under such circumstances the Seller

is still under the obligation to take all necessary measures to hasten the delivery of the Products. If a Force Majeure Event lasts for

more than four weeks，the Buyers shall have the right to cancel this Contract upon written notice and in such event, no penalty

shall be claimed by either party against the other and any advanced payment by the Buyer shall be fully returned to the Buyer via wire

transfer within five (5) business days of such cancellation.

11) Cancellation Clause

The Buyer shall have absolute right

to terminate this Contract for its convenience, for any reason or no reason at any time prior to delivery upon written notice. The proportion

of the cancellation charge of the contract shall be stipulated below.

Weeks from the date of receiving the

advanced payment to the date of cancellation

支払い受取日からキャンセル期日までの期間

지급수취일로부터계약

해지일까지의 기간(단위:

주)

Percentage of total contract value

契約合計金額の割合

총 계약금액 대비

비율

1~4 weeks

1~4주

20%

5~16 weeks

5~16주

60%

17 weeks and over

17주

이상

100%

12) Time is of the Essence

All acts to be performed under this Contract

shall be performed timely, and each applicable provision shall be construed with time being of the essence and timely performance constituting

a material term of this Contract.

13) Penalty

Should the Seller fail to make delivery

on time as stipulated in the Contract, with the exception of Force Majeure Events causes specified in Clause 10 of this Contract, the

Buyer may in its sole discretion elect to postpone the delivery date as stipulated on Clause 1 on the condition that the Seller pays a

penalty which shall be deducted by total contract value or any outstanding payments. The penalty rate is charged at 0.3% every day. The

penalty, however, shall not exceed 10% of the total value of the Products involved in the delayed delivery.

14) Governing Law and Arbitration

This Agreement shall be governed by laws

of Republic of Korea without reference to conflict of laws principles. All disputes, controversies or differences which may arise between

the parties hereto, out of or in relation to or in connection with this Agreement shall be finally settled by arbitration in Republic

of Korea in accordance with the Commercial Arbitration Rules of The Korean Commercial Arbitration Board.

The parties agree that the United Nations

Convention on Contracts for the International Sale of Goods shall not apply to this Agreement, or any Individual Agreements or any transactions

contemplated thereby.

Page 4 / 5

15) Other terms

A. Controlling Language. This Contract

is prepared in Korean. In the event of any conflict or inconsistency between the Korean language and the English or Japanese languages

provided herein, the Korean language shall naturally and unconditionally prevail and take precedence in all respects.

B. No Waiver. Any waiver by a party

of any provision of this Contract shall not operate as or be construed to be a waiver of any other provision of this Contract. The failure

of a party to insist upon strict adherence to any term of this Contract on one or more occasions shall not be considered a waiver or deprive

that party of the right thereafter to insist upon strict adherence to that term or any other term of this Contract. No provision of this

Contract may be waived or amended other than by a written agreement signed by the parties to this Contract. No custom or practice of the

parties at variance with the terms hereof shall constitute a waiver by any party of its right to exercise any right, power or remedy available

to it hereunder or any other right, power or remedy or to demand strict compliance with the terms of this Contract.

C. Amendments or Modification. Any amendment or

modification of this Contract shall be in writing signed by the Buyer and Seller.

16) Contract Document

The contract is made in two original

copies, one to be held by the Seller and another to be held by the Buyer.

17) Appendix

Appendix 1 ： Technical Specification

Appendix 2 ： Acceptance inspection

Criteria

Appendix 3 ： END-USE CERTIFICATE

The Buyer

The Seller

EM LLC

ULVAC Korea Ltd

(Wholly owned subsidiary of EMAT)

/s/ Frank S.J Moon

/s/ Sung Soo Choi

Representative Name: Frank S.J Moon

Representative Name: Sung Soo Choi

Title: C.E.O

Date: May 13, 2026

Page 5 / 5

EX-10.2 — EQUIPMENT SUPPLY CONTRACT NO. W20260330-003-01 BY AND BETWEEN EVOLUTION METALS LLC AND ULVAC KOREA, LTD. DATED MAY 13, 2026

EX-10.2

Filename: ea029072001ex10-2.htm · Sequence: 3

Exhibit 10.2

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED

FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. INFORMATION THAT

WAS OMITTED HAS BEEN NOTED IN THIS DOCUMENT WITH A PLACEHOLDER IDENTIFIED BY THE MARK “[******]”

CONTRACT

계약서

CONTRACT No.: W20260330-003-01

계약번호:

W20260330-003-01

DATE: May,13th,2026

계약체결일: 2026년

5월 13일

THE BUYER: EVOLUTION METALS

LLC

(Wholly owned subsidiary

of Evolutions Metals & Technologies Corp)

NASDAQ: EMAT

06651 Office 2F A01, 39,

Banpo-daero 22-gil, Seocho-gu, Seoul, Republic of Korea

TEL：+82+(0)42-863-9913

매수인: 에볼루션메탈스

유한회사(EM LLC)

(에볼루션

메탈스 엔드 테크놀로지 코포레이션의 100%

자회사)

나스닥:

EMAT

서울특별시

서초구 반포대로22길 39, 2층 에이01호(서초동,

우신1549빌딩)

전화번호:

+82+(0)42-863-9913

THE SELLER:　ULVAC

KOREA, Ltd.

5, Hansan-gil, Cheongbuk-eup,

Pyeongtaek-si, Gyeonggi-Do, Korea 17792

TEL：+82-31-683-2922

매도인: 한국알박

주식회사(韓國알박 株式會社)

경기도 평택시

청북읍 한산길 5

전화번호:

+82-31-683-2922

This Contract is made by and between the Buyer

and the Seller; whereby the Buyer agrees to purchase, and the Seller agrees to sell the products (the “Products”) described

below on the terms and conditions stipulated below:

본 계약은 매수인과

매도인 간에 체결되었고, 매수인은 아래에

기재된 물품(이하 “물품”)을 매수하고 매도인은

이를 판매하기로 하며, 그 조건은 이하에

규정된 내용에 따른다.

No.

PRODUCTS AND SPECIFICATIONS

QUANTITY

UNIT PRICE

TOTAL PRICE

Vacuum Induction Melting Furnace (600kg)

Model

: Magcaster-600C

sets

KRW [*********]

KRW [**********]

TOTAL

KRW

[**********]

※ Include DDP Buyer destination Korea.

TOTAL CONTRACT PRICE: [************************] KRW Only

Page 1 / 5

순번

물품 품명 및 사양

수량

단가

총액

진공 유도 용해로 (600kg)

모델명: Magcaster-600C

2세트

[**********]원

총액

[************]원

※ 본 가격은 매수인 지정 대한민국 DDP조건

총

계약금액:

금

[************************************] 정

＊Above furnace will be located in Republic

of Korea.

上記装置の仕向国：韓国

상기 용해로의

수출 목적지는 대한민국임.

1） Delivery term

The Seller shall be solely responsible for, and shall bear all costs associated with obtaining the required Export License (EL) within

thirty (30) days of the execution of this Contract. Following confirmation of the order and the EL, the Seller shall deliver

the products on a DDP buyer final destination basis by no later than November 30, 2026. Such delivery shall be made prior to completion

of full installation and commissioning.

2） Port of shipment

International seaport

3） Packing

To be packed in new strong wooden

cases/carton suitable for long distance sea transportation and well protected against dampness, moisture, shock, rust and other perils

of international ocean shipment.

4）

Insurance（to final destination point in Korea）

The Seller shall, at its sole cost

and expense, procure and maintain comprehensive inland, transit and marine cargo insurance covering the Products from the Seller’s

facility through to final delivery.

5） Performance Bond Insurance

The Seller shall, at the Buyer’s

request, provide a performance guarantee insurance policy (from Seoul Guarantee Insurance Co., Ltd.) with an insured amount equivalent

to the contract price to guarantee the delivery of the products under this Contract.

The insurance shall cover the scenario

which the Seller fails to deliver the products notwithstanding the Buyer’s full payment of the contract price. The Seller shall

submit the insurance policy to the Buyer without delay after taking out the insurance no later than twenty-four (24) hours from the date

of the Contract.

Page 2 / 5

6） Terms of Payment

First

Payment：

KRW

[********] on May 14, 2026.

Second

Payment:

KRW

[**********] on July 30, 2026.

Third

Payment：

KRW

[**********] within 5 days from shipment.

Final

Payment:

KRW

[**********] within 30 days from destination arrival.