Evolution Metals & Technologies Guides FY27 Revenue to $400M-$460M
Evolution Metals & Technologies Corp. (EMAT) has issued its initial revenue guidance for fiscal years 2026 and 2027. The company anticipates revenues of $5 million to $8 million for fiscal 2026 and a significant increase to $400 million to $460 million for fiscal 2027. This substantial growth projection for 2027 is driven by the expected first full year of operation from its expanded rare earth magnet production facility in Pohang, Republic of Korea, which will increase capacity to approximately 10,000 metric tons, including 6,000 metric tons of high-performance sintered magnets. The expansion is supported by infrastructure upgrades, land acquisition, and conditional grants. EMAT has also secured critical non-China feedstock and achieved key quality certifications.
Key Highlights
- Evolution Metals & Technologies Corp. (EMAT) provided initial revenue guidance for fiscal years 2026 and 2027.
- Fiscal 2026 revenue is projected between $5 million and $8 million.
- Fiscal 2027 revenue is projected between $400 million and $460 million.
- The 2027 outlook reflects the first full year of contribution from the expansion of rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons.
- This expansion includes approximately 6,000 metric tons of high-performance sintered NdFeB magnets.
- The expansion is supported by increased electrical infrastructure, land acquisition, and a conditional grant from Pohang City and Gyeongbuk Province.
- The company has secured non-China NdPr metal and announced Tier-1 OEM quality certifications for six grades of magnets.
Price Impact
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