Evolution Metals & Technologies Corp. (EMAT) announced its initial revenue guidance for fiscal years 2026 and 2027. The significant revenue growth projected for 2027 is attributed to the first full-year contribution from its expanded rare earth magnet production facility in Pohang, South Korea, which is timed to meet new U.S. defense sourcing regulations.
Key Details
- Fiscal Year Guidance: The company projects revenue of $5 million to $8 million for fiscal 2026 and $400 million to $460 million for fiscal 2027.
- Pohang Facility Expansion: The 2027 forecast is driven by an expansion that will increase annual rare earth magnet production capacity from approximately 1,000 to 10,000 metric tons. New equipment is scheduled for installation in November 2026.
- Strategic Driver: The expansion is designed to meet anticipated demand from the U.S. defense industrial base as the DFARS 252.225-7052 "mine-to-magnet" restriction, which limits sourcing from certain countries, takes effect on January 1, 2027.