Evolution Metals & Technologies Corp. (EMAT) announced it has begun receiving new production equipment from ULVAC at its Pohang, South Korea facility. The new machinery is expected to increase the company's annual rare earth magnet production capacity tenfold, positioning it as a key non-China supplier ahead of new U.S. defense regulations. The company also reaffirmed its fiscal 2027 revenue guidance.

Key Details

  • Capacity Expansion: Annual production capacity is expected to increase from 1,000 to approximately 10,000 metric tons, including 6,000 metric tons of high-performance sintered magnets.
  • Financial Guidance: The company reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million.
  • Timeline: The remaining equipment is scheduled for delivery by the end of October 2026. A ribbon-cutting ceremony for the expanded facility is set for December 17, 2026.