Evolution Metals & Technologies Corp. produces and processes critical materials for rare earth magnets, battery materials and related technologies. Company news includes updates on sintered magnets, bonded magnets, rare earth oxides, metals, alloys, battery-grade sulfates, carbonates, precursor cathode active materials and mid-stream critical minerals processing.
Recurring developments also cover commercial operations in the United States and the Republic of Korea, investor presentations and webinars, operating and financial results, capital-structure disclosures and governance matters tied to its Nasdaq-listed public-company profile.
Evolution Metals & Technologies (Nasdaq: EMAT) has secured approximately 754 metric tons of neodymium metal sourced entirely outside China.
The company expects this to cover approximately 50% of feedstock needed for its $400 million to $460 million full-year 2027 revenue guidance. Approximately 42 metric tons are in Pohang, 72 metric tons await shipment through March 2027, and 640 metric tons are committed through year-end 2027, including a 600-metric-ton Senri Trading contract. A further 1,000 metric tons are in discussion for 2027 delivery.
Dysprosium holdings total approximately 520 kilograms, with 1.5 metric tons monthly committed starting February 2027. The company is commissioning all 57 containers of ULVAC equipment to expand annual magnet capacity from approximately 1,000 to more than 10,000 metric tons. It targets profitability in 2027.
Evolution Metals & Technologies (Nasdaq: EMAT) submitted a capability statement to the U.S. Army for rare earth magnets used in small drone motors. The Army's request is market research to identify potential suppliers. It specifies N52SH or N42SH magnets; the company commercially produces N42SH in Pohang, South Korea, where that grade has completed customer qualification.
The company plans to expand annual magnet capacity there from approximately 1,000 metric tons to 10,000 metric tons, following installation and commissioning of 57 containers of ULVAC production equipment. Its response proposed staged qualification to Army specifications and an auditable mine-to-magnet sourcing record for each production lot.
Evolution Metals & Technologies (Nasdaq: EMAT) has received all 57 containers of ULVAC magnet-production equipment at its Pohang expansion site in South Korea.
Commissioning is scheduled to begin in November. Once installation and commissioning are completed, annual capacity is expected to rise from approximately 1,000 to 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets. More than 50% of input requirements are on site, alongside contracted supply; the company already generates commercial magnet sales.
An October 27 investment framework with Pohang City supports expansion on approximately 1.27 million square feet. The company expects approximately US$28 million in local government grants, subject to applicable conditions. Its financing arrangements include a convertible facility of up to US$100 million with Yorkville Advisors.
Evolution Metals & Technologies (EMAT) has received additional ULVAC magnet production equipment in Pohang, beginning a planned ten-fold capacity expansion. Thirteen of 57 containers arrived, with the remainder due before the end of October 2026. Once installed and commissioned, thirteen additional machines are expected to raise annual capacity from 1,000 to approximately 10,000 metric tons, including 6,000 metric tons of high-performance sintered magnets.
The company reaffirmed fiscal 2027 revenue guidance of $400 million to $460 million. It has qualified seven sintered magnet grades with Tier-1 equipment manufacturers and secured non-China feedstock. The company says the expansion positions it to meet the January 1, 2027 DFARS deadline restricting specified foreign-origin rare earth magnets in U.S. defense systems. The expanded facility is scheduled to open on December 17, 2026.
Evolution Metals & Technologies (EMAT) reaffirmed fiscal 2027 revenue guidance of $400 million to $460 million while advancing magnet production expansion.
Fiscal 2026 guidance remains $10 million to $11 million. Seven of eight sintered neodymium-iron-boron magnet grades have completed customer certification; N48SH remains in final certification stages. The first 13 of 57 containers of ULVAC equipment have arrived in Pohang, South Korea. The company expects expansion to raise annual capacity above 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets.
The company expects to begin acquiring samarium cobalt magnet production equipment by mid-2027 and will respond to a U.S. Army vendor inquiry due October 28, 2026. A U.S. defense procurement restriction extends across the samarium cobalt mine-to-magnet supply chain on January 1, 2027.
Evolution Metals & Technologies (EMAT) raised fiscal 2026 revenue guidance by 62% at the midpoint and reaffirmed its fiscal 2027 outlook. The new fiscal 2026 range is $10 million to $11 million, versus $5 million to $8 million previously. Fiscal 2027 guidance remains $400 million to $460 million; its $430 million midpoint is approximately 41 times the raised fiscal 2026 midpoint.
The company attributes the increase to expanded non-China rare earth feedstock, improved rare earth pricing and customer demand. Thirteen additional ULVAC machines are scheduled for October 2026 delivery to Pohang, Republic of Korea, with installation immediately afterward. Once operational, they are expected to lift annual magnet capacity above 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets. Operational priorities include expanded power and facilities, additional material sourcing and customer qualifications.
Evolution Metals & Technologies (NASDAQ: EMAT) announced a letter of intent with INERGX for energy systems at its planned U.S. recovery facility. The facility would recover critical materials and battery black mass, material obtained from processed batteries. EM&T plans approximately 1 GW of on-site capacity within two years and up to approximately 5 GW at full build-out, powered by on-site liquefied natural gas generation.
The proposed partnership covers storage design, supply, integration and service, with an anticipated initial ten-year service term. INERGX intends to source batteries through approved non-China partners. Definitive agreements remain to be negotiated. The parties will evaluate returning end-of-life packs to EM&T for recovery. Separately, EM&T reiterated previously announced fiscal 2027 revenue guidance of $400 million–$460 million, reflecting expected contributions from its Pohang magnet capacity expansion.
Evolution Metals & Technologies (EMAT) will showcase its operating rare earth magnet facility in Pohang, South Korea, on December 17, 2026.
The facility anchors a phased expansion targeting more than 10,000 metric tons of annual rare earth magnet production capacity. EM&T plans to use its Korean operating base as a platform for expansion in the United States. The showcase will include active production-line tours, live magnet making and an executive operational briefing. Defense and automotive commercial partners will attend, with discussions planned to explore purchase agreements and trade opportunities.
VIVIFY Technology signed a letter of intent with Evolution Metals & Technologies (EMAT) to deploy hydrogen power supporting its manufacturing operations.
The proposed deployment would provide behind-the-meter power, generated on site rather than supplied through the grid, for Evolution's rare earth magnet and critical materials operations. Evolution is scaling magnet production capacity to approximately 10,000 metric tons annually and developing an integrated U.S. industrial campus. The letter marks VIVIFY's first announced commitment with a publicly traded company. VIVIFY's manufacturing in Jupiter, Florida, is scheduled to begin in January 2027.
Evolution Metals & Technologies (Nasdaq: EMAT) signed a non-binding letter of intent with VIVIFY Technology for hydrogen power at its planned U.S. magnet campus. VIVIFY would deploy behind-the-meter power, generated on site independently of the legacy grid. Deployment remains subject to technical validation and definitive agreements; no definitive power deployment agreement has been completed.
EM&T is developing an integrated U.S. rare earth magnet campus, with Phase I planned as a hydrometallurgical facility for processing materials using liquid solutions. It is also scaling annual magnet production capacity in Pohang, Republic of Korea, from approximately 1,000 to 10,000 metric tons, supported by a 750-megawatt electrical infrastructure agreement. New DFARS sourcing requirements for the U.S. defense industrial base take effect January 1, 2027.