Evolution Metals & Technologies Corp. (NASDAQ: EMAT), a U.S.-based critical materials and advanced manufacturing company, has provided initial revenue guidance of $5 million to $8 million for fiscal 2026 and $400 million to $460 million for fiscal 2027. The guidance reflects the company’s expected transition from its current production base to the first full year benefiting from its expansion in Pohang, Republic of Korea.
The expansion is centered on the installation of thirteen additional ULVAC sintered magnet production machines, scheduled for delivery and installation in November 2026. Once operational, these machines are expected to increase annual rare earth magnet production capacity from approximately 1,000 metric tons to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets. This tenfold capacity increase positions EM&T as a significant player in the global rare earth magnet market, which is critical for electric vehicles, wind turbines, and electronics.
Supporting the expansion, EM&T plans to increase electrical infrastructure serving the Pohang operations from 130 MW to approximately 750 MW, acquire approximately 1.3 million square feet of adjacent land, and has received a conditionally approved grant of approximately $20.7 million from Pohang City and Gyeongbuk Province. The company has also secured non-China NdPr metal sourced from SRE Vietnam and announced Tier-1 OEM quality certifications across six grades of high-performance sintered NdFeB magnets. These certifications are essential for supplying major automotive and industrial customers.
EM&T said its fiscal 2027 guidance reflects anticipated utilization during the production ramp rather than the revenue potential of the planned capacity at full utilization. This suggests that the company’s revenue could grow further once the facility reaches full operational capacity. The expansion is part of EM&T’s strategy to operate what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets and battery materials.
The news is significant for investors and the broader industry because it highlights efforts to diversify the rare earth magnet supply chain away from China, which currently dominates global production. With rising demand for electric vehicles and renewable energy technologies, a reliable non-China source of high-performance magnets is strategically important. EM&T’s progress in Pohang could reduce supply chain risks for OEMs and support Western national security interests.
To view the full press release, visit: https://ibn.fm/4NRLe.
For additional information, please visit https://investors.evolution-metals.com.
