$EMAT News: Evolution Metals Projects $400 Million to $460 Million* in 2027 Revenue as Magnet Output Scales (NASDAQ: EMAT)
*Fiscal 2027 outlook of $400 million to $460 million reflects the expected first full-year contribution from the expansion of annual rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets, as the January 1, 2027 DFARS mine-to-magnet restriction takes effect
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 $5 million to $8 million for fiscal 2026 and $400 million to $460 million for fiscal 2027.
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 $20.7 million grant from Pohang City and Gyeongbuk Province.
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-me...chnologies.
*Fiscal 2027 outlook of $400 million to $460 million reflects the expected first full-year contribution from the expansion of annual rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets, as the January 1, 2027 DFARS mine-to-magnet restriction takes effect
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 $5 million to $8 million for fiscal 2026 and $400 million to $460 million for fiscal 2027.
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 $20.7 million grant from Pohang City and Gyeongbuk Province.
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-me...chnologies.
