Evolution Metals & Technologies Corp. (EMAT) announced it has secured approximately 754 metric tons of neodymium metal sourced entirely outside of China. This supply is expected to cover about 50% of the feedstock required to achieve its full-year 2027 revenue guidance of $400 million to $460 million. The company also secured dysprosium, a heavy rare earth metal, and stated it now has all ten factors required to manufacture rare earth magnets at a large commercial scale.
Key Details
- Neodymium Supply: Secured 754 metric tons, which includes 42 tons delivered, 72 tons pending shipment through March 2027, and 640 tons committed through 2027. A further 1,000 metric tons are in discussion.
- Financial Outlook: The secured feedstock directly supports the company's ability to meet its 2027 revenue guidance of $400 million to $460 million.
- Heavy Rare Earths: The company holds 520 kilograms of dysprosium metal and has secured a commitment for 1.5 metric tons per month starting in February 2027.