Evolution Metals & Technologies Corp. (NASDAQ: EMAT) has provided initial revenue guidance for fiscal 2026 and 2027, signaling a major transformation as its Pohang, Republic of Korea, expansion progresses. The company expects revenue of $5 million to $8 million in fiscal 2026, followed by a dramatic increase to $400 million to $460 million in fiscal 2027. This guidance reflects the transition from its current production base to the first full year benefiting from the Pohang expansion, which is set to significantly scale up rare earth magnet production.
The expansion involves the delivery and installation of thirteen additional ULVAC sintered magnet production machines, scheduled for November 2026. These machines are expected to boost annual rare earth magnet production capacity from approximately 1,000 metric tons to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets. This tenfold increase in capacity positions EM&T as a major player in the global rare earth magnet market, which is critical for electric vehicles, wind turbines, and electronics.
Supporting this growth, EM&T plans to increase electrical infrastructure at the Pohang operations from 130 MW to approximately 750 MW, acquire approximately 1.3 million square feet of adjacent land, and has received a conditionally approved grant of approximately $20.7 million from Pohang City and Gyeongbuk Province. The company has also secured non-China NdPr metal sourced from SRE Vietnam and announced Tier-1 OEM quality certifications across six grades of high-performance sintered NdFeB magnets. These certifications and supply agreements are crucial for attracting major customers and ensuring a reliable supply chain outside of China.
The fiscal 2027 guidance reflects anticipated utilization during the production ramp rather than the revenue potential of the planned capacity at full utilization. This suggests that the company’s long-term revenue potential could be even higher once the expansion is fully operational. The strategic location in South Korea and the sourcing of NdPr from Vietnam also align with global efforts to diversify critical mineral supply chains away from China, which dominates the rare earth market.
EM&T 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. This vertical integration could provide a competitive advantage in terms of cost, quality control, and supply security, especially as demand for rare earth magnets surges due to the global energy transition.
For more details, see the full press release at https://ibn.fm/4NRLe. Additional information about the company is available at https://investors.evolution-metals.com.
