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Evolution Metals submits capability statement for U.S. Army rare earth magnet contract
EMATEvolution Metals & Technologies Corp.
Evolution Metals & Technologies submitted a response to the U.S. Army’s Sources Sought notice seeking manufacturers of rare earth magnets for small uncrewed aircraft systems. The company highlighted its commercial production of N42SH grade magnets at its Pohang, South Korea facility and outlined plans to expand annual capacity to approximately 10,000 metric tons following equipment installation. This market research effort aims to identify suppliers capable of providing traceable, non-Chinese sourced magnets compliant with DFARS requirements effective January 1, 2027. Evolution Metals & Technologies Corp. operates as a critical materials and advanced manufacturing company specializing in rare earth permanent magnets and battery materials.