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Evolution Metals confirms delivery of all 57 ULVAC equipment containers for Pohang expansion
EMATEvolution Metals & Technologies Corp.
Evolution Metals & Technologies Corp. confirmed that all 57 containers of ULVAC sintered magnet-production equipment have arrived at its expanded facility in Pohang, Republic of Korea, with commissioning scheduled to begin in November 2026. The company signed an investment framework with Pohang City on October 27, 2026, expecting approximately US$28 million in local government grant funding to support the expansion. This equipment supports a planned tenfold increase in annual rare earth magnet production capacity from approximately 1,000 metric tons to 10,000 metric tons, including 6,000 metric tons of high-performance sintered magnets. The company operates as a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals.