Evolution Metals & Technologies Corp. Raises Fiscal 2026 Revenue Guidance 62% at Midpoint to 11 Million and Reaffirms 460 Million Fiscal 2027 Outlook

Evolution Metals & Technologies (EMAT) raised fiscal 2026 revenue guidance by 62% at the midpoint and reaffirmed its fiscal 2027 outlook.

Rhea-AI Summary

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.

5 points · 1 major

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0 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Fiscal 2026 revenue guidance raised to $10 million–$11 million from $5 million–$8 million, up 62% at midpoint.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Annual magnet capacity expected to exceed 10,000 metric tons once operational, including approximately 6,000 metric tons of high-performance sintered magnets.
• Minor point. Forward-looking: it has not happened yet and may not happen.Fiscal 2027 revenue guidance reaffirmed at $400 million–$460 million, approximately 41 times fiscal 2026 guidance at midpoint.
• Minor point. Forward-looking: it has not happened yet and may not happen.Thirteen additional ULVAC machines scheduled for October 2026 delivery, with installation immediately afterward in Pohang.
• Minor pointExpanded non-China feedstock and improved rare earth pricing underpin the guidance increase, the company said.

Negative

• Moderate pointEquipment commissioning and expanded power and facility capacity remain operational priorities behind the fiscal 2027 outlook.
• Moderate pointRare earth materials for higher production volumes still need to be secured as an operational priority.
• Moderate pointAdditional customer qualifications remain an operational priority before converting demand into expanded magnet shipments.

Argus 15 min delay 4 alerts

+5.88% vs previous close $1.80 last price 2.8x rel. volume Open Argus

Details

Market move: EMAT +5.88% vs previous close. FY2026 guidance update

$1.73 – $1.82 Day Range

$1.13B Market Cap

On Oct 9, the day this news came out, the latest delayed price for EMAT is 5.88% above the previous close. Our momentum scanner has recorded 4 alerts for this stock so far that day. The latest delayed price is $1.80. Relative volume is elevated at 2.8x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Fiscal 2026 revenue guidance: $10 million–$11 million Fiscal 2026 midpoint increase: 62% Fiscal 2027 revenue guidance: $400 million–$460 million +3 more

Fiscal 2026 revenue guidance

$10 million–$11 million

Raised from the prior $5 million–$8 million range

Fiscal 2026 midpoint increase

62%

$10.5 million midpoint vs. prior $6.5 million midpoint

Fiscal 2027 revenue guidance

$400 million–$460 million

Reaffirmed

Additional production machines

13 machines

Scheduled for delivery in October 2026 at Pohang

Annual magnet production capacity

More than 10,000 metric tons

Expected capacity once the additional machines are operational

High-performance magnet capacity

Approximately 6,000 metric tons

Included in expected annual magnet production capacity

Historical Context

1 past event · Latest: Oct 05

1 event

1. Oct 05

   Capacity expansion

   24h Move

   +1.0%

   Prior notice set Pohang's expansion target above 10,000 metric tons of annual magnet capacity.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

sintered magnet, neodymium-iron-boron magnets

2 terms

sintered magnet technical

"thirteen additional ULVAC sintered magnet production machines"

A sintered magnet is a permanent magnet made by compressing a fine metal or ceramic powder into a shape and then heating it below its melting point so the particles fuse (sinter). This manufacturing method produces dense, strong magnets (common types include neodymium‑iron‑boron and ferrite) with precise, repeatable shapes and high magnetic performance but also makes them brittle, often thermally sensitive, and typically requires coatings or machining for some applications.

neodymium-iron-boron magnets technical

"supply chain for neodymium-iron-boron magnets"

Neodymium-iron-boron magnets are a family of high-strength permanent magnets made by alloying neodymium, iron and boron; they produce far stronger magnetic fields than ordinary ferrite magnets and are compact in size. They matter to investors because they are a key input in products like electric motors, wind turbines and electronics, so their availability, price and manufacturing bottlenecks can influence costs, production capacity and profit margins across multiple industries.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MIAMI, Oct. 09, 2026 (GLOBE NEWSWIRE) --

Delivery of thirteen additional ULVAC sintered magnet production machines scheduled for delivery in October are expected to expand annual capacity to more than 10,000 metric tons of magnets as EM&T scales its non-China feedstock position to meet strong customer demand

Evolution Metals & Technologies Corp. (“EM&T” or the “Company”) (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today raised its fiscal 2026 revenue guidance to $10 million to $11 million, up from the previous range of $5 million to $8 million announced on September 10, 2026. The increase represents a 62% raise at the midpoint, delivered less than one month after the Company issued its initial outlook. EM&T also reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million.

Guidance Highlights

Fiscal 2026 revenue guidance raised to 11 million (up from 8 million); representing a 62% increase at the midpoint ($10.5 million vs. prior $6.5 million)

• Low end of the fiscal 2026 range doubled, from $5 million to $10 million
• Fiscal 2027 revenue guidance of 460 million reaffirmed; the $430 million midpoint represents approximately 41 times the raised fiscal 2026 midpoint
• Thirteen additional ULVAC sintered magnet production machines scheduled for delivery in October 2026, with installation to commence immediately following delivery in Pohang, Republic of Korea
• Annual magnet production capacity expected to exceed 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets
• December 17, 2026 showcase of what EM&T believes is the largest commercial magnet facility in the world, ex-China
  

The raised guidance is driven by EM&T’s expanded ex-China rare earth feedstock position and the production capacity it unlocks, as well as improved rare earth pricing and continued strong commercial demand. The Company is actively scaling operations to meet this demand. In Pohang, thirteen additional ULVAC sintered magnet production machines are scheduled for delivery in October 2026, with installation to commence immediately following delivery. Once operational, these machines are expected to expand annual rare earth magnet production capacity to more than 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets.

“The raised guidance reflects strong customer demand, improved rare earth pricing, and our ability to source rare earth materials that bring our additional production capacity online this year,” said Frank Moon, Chief Executive Officer of EM&T. “Our fiscal 2027 outlook is unchanged, and the operational priorities behind it remain clear: commission additional equipment, bring expanded power and facility capacity online, secure rare earth materials for higher production volumes, complete additional customer qualifications and convert demand into expanded magnet shipments. We will keep the market updated as we continue to execute at warp speed. We look forward to showcasing what we believe is the largest commercial magnet facility in the world, ex-China, on December 17, 2026. We have already received attendance confirmations from industry leaders and executives, government officials, trade partners, investors, banking research teams and, of course, our entire board, which includes veterans of senior U.S. government leadership.”

“Non-China rare earth magnet supply remains a strategic priority of U.S. national security and industrial policy decisions,” said Andrew Knaggs, President of EM&T. “DFARS 252.225-7052 is expected to extend the mine-to-magnet restriction across the entire supply chain for neodymium-iron-boron magnets beginning January 1, 2027, and the July 2026 Executive Order substantially tightened the conditions for waivers and directed faster qualification of compliant sources. EM&T’s manufacturing platform, non-China sourced rare earth materials and production expansion are built to meet those needs at commercial scale, while continuing to serve our established, revenue-generating global customer base.”

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates 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 (including high-performance rare earth magnets) and battery materials. For additional information, please visit investors.evolution-metals.com and follow the Company on LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company’s fiscal 2026 revenue guidance of $10 million to $11 million and its fiscal 2027 revenue guidance of $400 million to $460 million and the assumptions underlying them; anticipated revenue growth and the expected contribution of the Pohang expansion to revenue; expected magnet shipments, production capacity and utilization; the timing of delivery, installation and commissioning of ULVAC equipment; the timing and availability of expanded power capacity, land and governmental grants supporting EM&T’s Pohang operations; anticipated demand from existing and prospective customers, including customers seeking DFARS-compliant supply; the conversion of demand and commercial opportunities into orders, shipments and revenue; the availability of feedstock and working capital or other financing required to purchase feedstock and support higher production volumes; improved rare earth pricing, product mix and shipment timing; changes in the DFARS 252.225-7052 effective date, scope, waiver practices, tariffs or other government policies; the development of the Company’s planned U.S. industrial campus; and EM&T’s plans to expand its critical materials processing and permanent magnet manufacturing operations. These forward-looking statements, together with terms such as anticipate, expect, intend, may, will, should, believe, guidance, outlook, positioned and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. The Company’s guidance is based on management’s current expectations and assumptions, including anticipated customer demand, and is not based on contracted volumes. Actual revenue will depend, among other factors, on the Company’s ability to convert demand into firm orders and shipments. Such risks include, among others, delays in equipment delivery, installation and commissioning; the Company’s ability to complete its land-use arrangements, execute power supply documentation and satisfy conditions applicable to governmental grants; the ability of counterparties to perform their obligations; the Company’s ability to obtain working capital and other financing on acceptable terms, or at all, and to continue as a going concern; the availability and cost of non-China rare earth feedstock; the Company’s ability to secure purchase orders from existing and prospective customers at anticipated volumes and prices; customer qualification requirements; changes in the DFARS 252.225-7052 effective date, waiver practices, tariffs or other government policies; competition; rare earth pricing and currency fluctuations; the Company’s ability to achieve contemplated production capacity, utilization levels, yields and operating efficiencies; financing, supply-chain and market risks; and the other risks described in EM&T’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results, performance or achievements may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T’s expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under “Risk Factors” therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.

Investor Relations Contacts
Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com

Contact
PR, Marketing & Global Partnerships
Phoenix MGMT & Consulting
PR@PhoenixMGMTConsulting.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aedb90de-dc6d-45c0-84b2-5bf7ba398f08

FAQ

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What is Evolution Metals & Technologies' updated fiscal 2026 revenue guidance?

Evolution Metals & Technologies raised fiscal 2026 revenue guidance to $10 million to $11 million, from $5 million to $8 million. The midpoint increased to $10.5 million from $6.5 million, a stated 62% increase. Fiscal 2027 guidance remains $400 million to $460 million.

How much magnet production capacity does EMAT expect after its ULVAC equipment expansion?

EMAT expects annual magnet production capacity to exceed 10,000 metric tons once the additional machines are operational, including approximately 6,000 metric tons of high-performance sintered magnets. Thirteen ULVAC machines are scheduled for delivery in October 2026 to Pohang, Republic of Korea, with installation to begin immediately following delivery.