Evolution Metals & Technologies Corp. Raises Fiscal…
By FinanceWire
AI summary of the source article
Evolution Metals & Technologies Corp. has raised its fiscal 2026 revenue guidance to $10 million to $11 million, up from a previous range of $5 million to $8 million. The company reaffirmed its fiscal 2027 guidance of $400 million to $460 million. The increase is driven by expanded non-China rare earth feedstock, higher pricing, and strong demand. EM&T also announced the delivery of 13 ULVAC sintered magnet production machines to its Pohang facility in the Republic of Korea, which is expected to expand annual magnet capacity beyond 10,000 metric tons.
Why it matters
The company's expansion reflects growing demand for non-China rare earth magnet supply chains driven by U.S. national security and industrial policy requirements.
Key facts
- Fiscal 2026 revenue guidance raised to $10 million–$11 million, representing a 62% increase at the midpoint.
- Fiscal 2027 revenue guidance was reaffirmed at $400 million–$460 million.
- Delivery of 13 ULVAC machines in Pohang is expected to expand annual magnet production capacity beyond 10,000 metric tons.