Evolution Metals & Technologies Corp. (NASDAQ: EMAT) has provided its initial revenue guidance for fiscal years 2026 and 2027, signaling a significant transformation in its production capabilities and market position. The company expects revenue of $5 million to $8 million for fiscal 2026, followed by a substantial increase to $400 million to $460 million in fiscal 2027. This guidance reflects the anticipated transition from its current production base to the first full year benefiting from its expansion in Pohang, Republic of Korea.
The Pohang expansion is a key driver of this growth. Thirteen additional ULVAC sintered magnet production machines are scheduled for delivery and installation in November 2026. Once operational, these machines are expected to increase annual rare earth magnet production capacity from approximately 1,000 metric tons to approximately 10,000 metric tons. This includes approximately 6,000 metric tons of high-performance sintered magnets, which are critical components in electric vehicles, wind turbines, and various advanced technologies.
Supporting this expansion, the company plans to increase electrical infrastructure serving the Pohang operations from 130 MW to approximately 750 MW. It also intends to acquire approximately 1.3 million square feet of adjacent land. Additionally, EM&T has received a conditionally approved grant of approximately $20.7 million from Pohang City and Gyeongbuk Province. These investments underscore the strategic importance of the Pohang facility in scaling up production to meet growing global demand for rare earth magnets.
EM&T has also secured non-China NdPr metal sourced from SRE Vietnam, diversifying its supply chain and reducing reliance on Chinese sources. The company announced Tier-1 OEM quality certifications across six grades of high-performance sintered NdFeB magnets, demonstrating its commitment to quality and its ability to meet stringent industry standards. These certifications are essential for supplying major original equipment manufacturers in sectors such as automotive and renewable energy.
The fiscal 2027 guidance reflects anticipated utilization during the production ramp rather than the revenue potential of the planned capacity at full utilization. This cautious approach suggests that the company expects a gradual increase in output as the new machines are integrated and infrastructure upgrades are completed. The expansion positions EM&T to capitalize on the increasing global demand for rare earth magnets, which are vital for the transition to clean energy and electrification.
For more details, view the full press release at https://ibn.fm/4NRLe. For additional information about Evolution Metals & Technologies Corp., visit https://investors.evolution-metals.com. The company is a U.S.-based critical materials and advanced manufacturing company focused on rare earth permanent magnets, battery materials, and related critical minerals and technologies. It operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets and battery materials.
