Evolution Metals & Technologies Corp. (NASDAQ: EMAT) has provided initial revenue guidance for fiscal 2026 and 2027, signaling a significant transformation in its production capabilities and market position. The company expects revenue of $5 million to $8 million in fiscal 2026, followed by a substantial jump 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 expansion is anchored by the delivery and installation of thirteen additional ULVAC sintered magnet production machines, scheduled for November 2026. These machines are expected to increase 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 capacity increase is critical as global demand for rare earth magnets surges, particularly for electric vehicles, wind turbines, and electronics.
Supporting the expansion, EM&T plans to increase electrical infrastructure serving 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. These investments underscore the strategic importance of the Pohang facility in EM&T's growth trajectory.
EM&T 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 are a testament to the company's commitment to quality and its ability to meet the stringent requirements of major original equipment manufacturers. The company noted that its fiscal 2027 guidance reflects anticipated utilization during the production ramp rather than the revenue potential of the planned capacity at full utilization, suggesting further upside potential as operations stabilize.
For investors, the guidance highlights the significant revenue inflection point expected in fiscal 2027, driven by the Pohang expansion. The move to increase capacity tenfold positions EM&T as a key player in the rare earth magnet market, which is currently dominated by China. By securing non-China NdPr metal and achieving Tier-1 OEM certifications, EM&T is establishing a resilient supply chain that could appeal to customers seeking to diversify away from Chinese sources. The conditionally approved grant from local authorities further validates the project's economic impact and aligns with global efforts to build independent critical materials supply chains.
The full press release can be viewed at https://ibn.fm/4NRLe. For additional information, visit https://investors.evolution-metals.com.
