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Evolution Metals & Technologies Corp. issued initial revenue guidance for fiscal years 2026 and 2027, projecting $5…
EMATEvolution Metals & Technologies Corp.
Evolution Metals & Technologies Corp. issued initial revenue guidance for fiscal years 2026 and 2027, projecting $5 million to $8 million in 2026 and a significant increase to $400 million–$460 million in 2027. The outlook reflects the first full-year contribution from expanding rare earth magnet production capacity at its Pohang, South Korea facility to approximately 10,000 metric tons annually, supported by new ULVAC equipment and infrastructure upgrades. This expansion aligns with the January 1, 2027 implementation of DFARS mine-to-magnet restrictions requiring non-China sourcing for U.S. defense applications. The company operates in the critical materials and advanced manufacturing sector, specializing in rare earth permanent magnets and battery materials.