Evolution Metals & Technologies Provides Initial Revenue Guidance of $400-460mm for Fiscal Year 2027
EMAT projects a step-change in revenue by 2027, driven by a tenfold Pohang magnet capacity expansion aligned with new U.S. defense sourcing rules.
Rhea-AI Summary
Evolution Metals & Technologies (EMAT) issued initial revenue guidance of $5–8 million for fiscal 2026 and $400–460 million for fiscal 2027, reflecting the first full-year impact of its Pohang, Republic of Korea expansion as DFARS mine-to-magnet restrictions take effect on January 1, 2027.
The company has binding purchase orders for 13 additional ULVAC sintered magnet machines, scheduled for November 2026 delivery, which are expected to raise annual rare earth magnet capacity from about 1,000 to 10,000 metric tons, including roughly 6,000 metric tons of high-performance sintered NdFeB magnets. The expansion is supported by agreed principal terms to boost power infrastructure from 130 MW to ~750 MW, access to approximately 1.3 million sq. ft. of adjacent land, and conditional approval of a ~$20.7 million grant. EMAT has secured non-China NdPr metal supply via Senri Trading sourced from SRE Vietnam and obtained Tier‑1 OEM quality certifications across six grades of high-performance magnets.
Positive
- 2027 revenue guidance of $400–460 million versus $5–8 million in 2026
- Pohang capacity expected to increase from ~1,000 to ~10,000 metric tons annually
- High-performance magnets targeted at ~6,000 metric tons of the expanded capacity
- Power infrastructure upgrade agreed in principle from 130 MW to ~750 MW
- Conditional grant support of approximately $20.7 million from local governments
- Secured non-China NdPr supply via Senri Trading sourced from SRE Vietnam
- Tier‑1 OEM quality certifications across six grades of high-performance NdFeB magnets
Negative
- 2026 revenue expected at only $5–8 million before the expansion contribution
- 2027 guidance based on ramp-up utilization, not full use of planned capacity
- Execution risk around equipment installation, commissioning and customer qualification cited by management
- $20.7 million grant remains conditional rather than fully awarded
News Explained
The company’s
Key Figures
- Fiscal 2026 revenue guidance
- $5 million to $8 million
- Fiscal 2026
- Fiscal 2027 revenue guidance
- $400 million to $460 million
- Fiscal 2027
- Annual magnet capacity
- Approximately 1,000 to approximately 10,000 metric tons
- Expected increase following Pohang expansion
- High-performance magnet capacity
- Approximately 6,000 metric tons
- Included within planned annual capacity
- Additional production machines
- 13
- Binding purchase orders; delivery and installation scheduled for November 2026
- Electrical infrastructure
- 130 megawatts to approximately 750 megawatts
- Pohang operations
- Conditional grant
- Approximately $20.7 million
- Conditional approval from Pohang City and Gyeongbuk Province
- DFARS restriction effective date
- January 1, 2027
- Mine-to-magnet sourcing restriction
Historical Context
-
KEPCO power expansion supported planned Pohang magnet capacity scaling
-
Quarterly results detailed losses alongside progress on magnet capacity expansion
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ndpr metal technical
sintered ndfeb magnets technical
mine-to-magnet technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Fiscal 2027 outlook of
MIAMI, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Evolution Metals & Technologies Corp. (“EM&T” or the “Company”) (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today provided initial revenue guidance for fiscal years 2026 and 2027. The Company expects revenue of
The two-year guidance reflects EM&T's expected transition from its current production base in 2026 to the first full year benefiting from its expansion in Pohang, Republic of Korea. Thirteen additional ULVAC sintered magnet production machines, placed on binding purchase orders, are scheduled for delivery and installation in November 2026 and 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 expansion is supported by agreed principal terms with Korea Electric Power Corporation to increase electrical infrastructure serving the Pohang operations from 130 megawatts to approximately 750 megawatts, approximately 1.3 million square feet of adjacent land to be acquired from the Pohang City Government, and conditional approval of an approximately
The outlook is based on management's current assessment of demand from existing customers and the anticipated conversion of prospective customer opportunities into orders and shipments, together with assumptions regarding equipment commissioning, customer qualification, production ramp, feedstock availability, working capital, product mix, pricing and shipment timing. EM&T has secured non-China NdPr metal under its agreement with Senri Trading Co., Ltd., sourced from SRE Vietnam, and has taken delivery of its first shipment under that arrangement. The Company has also announced Tier-1 OEM quality certifications across six grades of high-performance sintered NdFeB magnets, drawing on more than 18 years of commercial-scale rare earth processing and magnet-making experience. The fiscal 2027 range reflects anticipated utilization during the production ramp and does not represent the revenue potential of the planned capacity at full utilization.
“Providing guidance for both years gives investors a clearer view of the financial progression we expect as the Pohang expansion moves from equipment installation and commissioning in late 2026 into its first full year of operation in 2027,” said Christopher Clower, Chief Financial Officer and Chief Operating Officer of EM&T. “The ranges reflect the demand and operating assumptions we can reasonably incorporate today, including the pace of customer conversion, feedstock availability and the working capital required to support higher throughput. The guidance reflects anticipated utilization during the production ramp rather than full utilization of planned capacity, and we intend to update the market as our visibility improves.”
“January 1, 2027 marks a significant change in sourcing requirements for the U.S. defense industrial base,” said Andrew F. Knaggs, President of EM&T. “For neodymium-iron-boron magnets, DFARS 252.225-7052 will extend the restriction across the entire mine-to-magnet supply chain, while the July 2026 Executive Order substantially tightened the conditions for waivers and directed faster qualification of compliant sources. EM&T's existing Korean manufacturing platform, non-China feedstock arrangements and planned capacity expansion are designed to help address that need at commercial scale while continuing to serve our established global customer base.”
“Delivering against this guidance is fundamentally a matter of execution,” said Frank Moon, Chief Executive Officer of EM&T. “Our priorities are to install and commission the additional equipment, bring the supporting facility and power expansion online, secure the feedstock required for higher production volumes, complete required customer qualifications and convert demand into shipments. Pohang allows us to scale from an established operating base, with an experienced engineering team and long-standing customer relationships. The operating record and capabilities we build there will also support our planned expansion in the United States and continued growth beyond 2027.”
In connection with its expansion, EM&T has engaged an international public relations and strategic communications firm to broaden the Company's global market visibility, develop international partnerships, and strengthen its press and digital communications presence. The engagement is intended to expand awareness of the Company among institutional audiences, industry partners and financial media as EM&T moves through its capacity expansion and into fiscal 2027.
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 https://investors.evolution-metals.com and follow the Company on our new X account at https://x.com/EMATCorp and LinkedIn at https://www.linkedin.com/company/evolution-metals-and-technologies.
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 revenue guidance for fiscal years 2026 and 2027 and the assumptions underlying it; 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; pricing and product mix; 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
Judith McGarry
Evolution Metals & Technologies Corp.
investor.relations@evolution-metals.com
Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com
PR, Marketing & Global Partnerships:
Phoenix MGMT & Consulting
PR@PhoenixMGMTConsulting.com
888-228-0122
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af7116c9-232e-4e40-8f6e-c9b01ba2c1bf
FAQ
What operational steps does EMAT highlight as critical to meeting its 2027 guidance?
Management describes delivery against guidance as a matter of execution, with priorities including installing and commissioning the 13 additional ULVAC machines, bringing the supporting Pohang facility and power expansion online, securing feedstock for higher volumes, completing required customer qualifications and converting demand into shipments.
How do upcoming U.S. defense sourcing rules relate to EMAT’s strategy?
EMAT notes that on January 1, 2027 DFARS 252.225-7052 will extend a mine-to-magnet restriction for neodymium-iron-boron magnets across the entire supply chain, while a July 2026 Executive Order tightens waiver conditions and directs faster qualification of compliant sources. The company states that its Korean manufacturing platform, non-China feedstock arrangements and planned capacity expansion are designed to help address this need at commercial scale.
What is the status of EMAT’s arrangements for land and power in Pohang?
The expansion is supported by agreed principal terms with Korea Electric Power Corporation to increase electrical infrastructure serving Pohang operations from 130 megawatts to approximately 750 megawatts, and by approximately 1.3 million square feet of adjacent land to be acquired from the Pohang City Government.
What communications initiatives is EMAT pursuing alongside its expansion?
In connection with its expansion, EMAT has engaged an international public relations and strategic communications firm to broaden global market visibility, develop international partnerships and strengthen its press and digital communications presence among institutional audiences, industry partners and financial media.