Merger led by SPAC to create $6 billion St. Louis public company, bring in twelve white-collar jobs

A SPAC-led merger is set to create a new $6 billion public company in St. Louis, promising to bring around twelve executive positions to the region as part of the deal. The Chicago-based SPAC, Welsbach Technology Metals Acquisition Corp., is currently in talks to merge with Evolution Metals LLC, planning to relocate its headquarters to St. Louis and undergo a name change to Evolution Metals & Technologies Corp once the merger is finalized.

Evolution Metals has ambitious plans to establish a global supply chain dedicated to providing critical minerals and materials essential for the automotive, aerospace, and defense sectors. This strategic move comes after a recent SEC filing on February 10, outlining their intentions to revolutionize the industry landscape by ensuring a steady supply of crucial resources to these key sectors in the market.

The merger agreement involves Evolution Metals acquiring all equity stakes of Critical Mineral Recovery Inc., a Missouri-based company specializing in the recycling of lithium-ion batteries and related materials. Spearheaded by CEO and sole owner Rob Feldman, the company previously operated a battery recycling facility in Fredericktown, Missouri, until an unfortunate fire incident in October 2024 led to its destruction.

This groundbreaking merger is poised to not only transform the industry market but also contribute positively to the economic landscape of St. Louis. With the formation of a new multi-billion-dollar public company in the region, opportunities for investment, growth, and job creation are expected to follow suit. The addition of around a dozen executive roles will not only bolster the company’s operations but also inject much-needed employment opportunities into the local job market.

The emergence of Evolution Metals & Technologies Corp. heralds a new era of innovation, development, and economic vitality for St. Louis. By focusing on the critical minerals and materials sector that underpins vital industries like automotive, aerospace, and defense, the company is poised to become a major player in the market and drive regional growth and prosperity. Moreover, the relocation of its headquarters to St. Louis signifies a significant vote of confidence in the region’s business ecosystem and its potential for future expansion and development.

In conclusion, the SPAC-led merger between Welsbach Technology Metals Acquisition Corp. and Evolution Metals LLC promises to not only create a $6 billion public company but also bring about a positive shift in St. Louis’s economic landscape. With a focus on critical minerals and materials for key industries, this merger sets the stage for innovation, growth, and job creation in the region, reinforcing St. Louis’s position as a hub for industry and development.