Evolution Metals & Technologies Corp. (NASDAQ: EMAT) said it anticipates fiscal 2027 revenue of $400 million to $460 million, driven by a planned increase in neodymium‑iron‑boron magnet output. For fiscal 2026 the company expects revenue of $5 million to $8 million.
The outlook hinges on an expansion of power capacity at its Pohang, Republic of Korea facility from 130 megawatts to roughly 750 megawatts, which would support an increase in annual magnet capacity from about 1,000 metric tons to approximately 10,000 metric tons, including roughly 6,000 metric tons of high‑performance sintered magnets. Thirteen additional ULVAC magnet‑making machines are slated for delivery and installation in November 2026.
Evolution Metals sources non‑China neodymium‑praseodymium (NdPr) metal and is pursuing an "urban mining" approach to recover rare‑earth material from end‑of‑life electronics and batteries. The company cites more than 18 years of commercial magnet‑making experience across its operating subsidiaries.
Key dates include the start of the DFARS defense sourcing rule extension on January 1 2027, an executive order tightening conditions in July 2026, completion of quality certification with two global Tier‑1 electronics manufacturers in June 2026, and agreement of principal terms for the power expansion with Korea Electric Power Corporation in August 2026. The company also highlighted the appointment of retired U.S. Air Force General Thomas A. Bussiere to its board and industry veteran Kenji Konishi to lead rare‑earth magnet engineering production. Management said the guidance reflects current expectations for customer demand and the conversion of prospective opportunities into orders and shipments, not contracted volumes.
