Evolution Metals & Technologies Corp. (NASDAQ: EMAT) has provided initial revenue guidance for fiscal 2026 and 2027, signaling a significant inflection point for the U.S.-based critical materials company. According to the press release, EM&T expects revenue of $5 million to $8 million in fiscal 2026 and $400 million to $460 million in fiscal 2027. The guidance reflects the anticipated transition from the company’s current production base to the first full year benefiting from its expansion in Pohang, Republic of Korea.
The expansion is centered on the installation of thirteen additional ULVAC sintered magnet production machines, scheduled for delivery and installation in 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 tenfold capacity increase positions EM&T to become a major supplier in the global rare earth magnet market, which is critical for electric vehicles, wind turbines, and consumer 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 receive a conditionally approved approximately $20.7 million grant 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 are essential for supplying major automotive and industrial customers.
The company emphasized that its 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 full revenue impact of the expansion will be realized in subsequent years, providing a long-term growth trajectory. For investors, the guidance underscores the potential for substantial revenue growth as the Pohang facility ramps up.
EM&T describes itself as the only vertically integrated critical materials supply chain in the United States, 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 amid global supply chain disruptions and heightened demand for critical materials. The company’s focus on rare earth permanent magnets and battery materials aligns with broader efforts to reduce dependence on China for these strategic resources.
For more information, the full press release is available at https://ibn.fm/4NRLe. Additional details about Evolution Metals & Technologies Corp. can be found at https://investors.evolution-metals.com. The announcement highlights EM&T’s progress toward becoming a significant player in the critical materials sector, with the Pohang expansion serving as a key catalyst for future growth.
