Evolution Metals & Technologies Corp. EM&T (Nasdaq:
EMAT) has agreed to principal terms to expand electrical infrastructure supporting our Pohang operations from 130 MW to approximately 750 MW.
Please see our PRESS release previously put out August 27th
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Together with planned facility and land expansion, new production equipment and a conditionally approved $20.7 million Korean government grant, this infrastructure is expected to support our planned rare-earth magnet production capacity of approximately 10,000 metric tons annually.
Building the infrastructure to support our next stage of growth.
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