Evolution Metals & Technologies Corp. (Nasdaq: EMAT) issued a press release on September 10, 2026, detailing initial revenue guidance for fiscal years 2026 and 2027. The company projects revenue of $5 million to $8 million for fiscal 2026, transitioning to a range of $400 million to $460 million for fiscal 2027.
The fiscal 2027 outlook reflects the first full-year contribution from the expansion of annual rare earth magnet production capacity in Pohang, Republic of Korea. The company expects this expansion to increase annual production capacity from approximately 1,000 metric tons to approximately 10,000 metric tons. This includes approximately 6,000 metric tons of high-performance sintered NdFeB magnets.
The guidance is contingent upon the delivery and installation of thirteen additional ULVAC sintered magnet production machines, scheduled for November 2026. The expansion is supported by agreements with Korea Electric Power Corporation to increase electrical infrastructure from 130 megawatts to approximately 750 megawatts. Additionally, the company has secured approximately 1.3 million square feet of adjacent land from the Pohang City Government and conditional approval for an approximately $20.7 million grant from Pohang City and Gyeongbuk Province.
The company has secured non-China NdPr metal under an agreement with Senri Trading Co., Ltd., sourced from SRE Vietnam, and has taken delivery of its first shipment. EM&T has also announced Tier-1 OEM quality certifications across six grades of high-performance sintered NdFeB magnets.
The company noted that the fiscal 2027 range reflects anticipated utilization during the production ramp and does not represent the revenue potential of the planned capacity at full utilization. Management emphasized that actual revenue will depend on the ability to convert demand into firm orders and shipments, citing risks such as equipment commissioning delays, feedstock availability, and working capital requirements.
