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Evolution Metals begins delivery of ULVAC equipment to expand rare earth magnet capacity ten-fold
EMATEvolution Metals & Technologies Corp.
Evolution Metals & Technologies Corp. has begun taking delivery of additional sintered magnet production equipment from ULVAC at its Pohang, South Korea facility. Thirteen of 57 containers arrived on October 15, 2026, with the remainder scheduled before month-end. Once installed and commissioned, this expansion will increase annual rare earth magnet production capacity from 1,000 metric tons to approximately 10,000 metric tons, including 6,000 metric tons of high-performance sintered magnets. The company reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million and plans a ribbon-cutting ceremony for the expanded facility on December 17, 2026. Evolution Metals & Technologies Corp. is a U.S.-based critical materials and advanced manufacturing company specializing in rare earth permanent magnets and battery materials.