Evolution Metals & Technologies Corp. (NASDAQ: EMAT) has provided initial revenue guidance for fiscal years 2026 and 2027, projecting $5 million to $8 million for fiscal 2026 and $400 million to $460 million for fiscal 2027. The guidance reflects the company's transition from its current production base to the first full year benefiting from its expansion in Pohang, Republic of Korea.
The expansion includes the delivery and installation of thirteen additional ULVAC sintered magnet production machines, scheduled for November 2026. 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. The company also plans to increase electrical infrastructure serving the Pohang operations from 130 MW to approximately 750 MW and to acquire approximately 1.3 million square feet of adjacent land. Additionally, EM&T has received a conditionally approved approximately $20.7 million grant from Pohang City and Gyeongbuk Province.
EM&T has 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. The company 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 news matters because it signals a significant increase in rare earth magnet production capacity outside of China, which currently dominates the global supply chain. The expansion could help diversify supply sources for critical materials used in electric vehicles, wind turbines, and electronics, reducing dependence on Chinese suppliers. For industry leaders, this development may offer new sourcing options and potentially stabilize prices for rare earth magnets. The successful ramp-up of EM&T's Pohang operations could also serve as a model for other companies seeking to establish non-China supply chains for critical materials.
To view the full press release, visit: https://ibn.fm/4NRLe. For additional information, please visit https://investors.evolution-metals.com.
