EM&T to Host Operational Showcase of the Largest High-Performance Rare Earth Magnet Facility in Production Outside China on December 17, 2026, Anchoring Expansion to 10,000+ Metric Tons of Annual Capacity
Key Highlights
- ➤EM&T (EMAT) will showcase Pohang’s high-performance rare earth magnet facility December 17, 2026
- ➤Annual rare earth magnet capacity targeted above 10,000 metric tons
- ➤DFARS 252.225-7052 takes effect January 1, 2027, restricting Chinese-origin magnets
- ➤White House proclamation imposed a 100 percent tariff on sensitive foreign unmanned aircraft
- ➤EM&T is pursuing strategic offtake and trade discussions with defense and automotive partners
Expert Statements
David Wilcox, Executive Chairman of EM&T
“On December 17, we will publicly inaugurate what we believe is the largest high-performance magnet facility in production outside of China.”
David Wilcox, Executive Chairman of EM&T
“This is a first step in taking production the Company has already proven in Korea to the next level.”
David Wilcox, Executive Chairman of EM&T
“With DFARS 252.225-7052 taking effect on January 1, 2027 to restrict Chinese-origin rare earth magnets in qualifying U.S. defense systems, and following the August 13, 2026, White House proclamation imposing a 100 percent tariff on the most sensitive foreign unmanned aircraft and certain parts, the demand for secure supply chains is urgent.”
David Wilcox, Executive Chairman of EM&T
“EM&T is built to serve as that definitive manufacturing solution for the United States and its partnered commercial markets.”
David Wilcox, Executive Chairman of EM&T
“Pohang is where that solution is already running at commercial scale, and it is the platform from which we will build in the United States.”
Frank Moon, Chief Executive Officer of EM&T
“Our Pohang facility represents the operational foundation for EM&T’s next phase of commercial growth.”
Frank Moon, Chief Executive Officer of EM&T
“The plant is intended to support the expansion of annual rare earth magnet production to more than 10,000 metric tons per annum, from the operating base the Company already runs in Korea.”
Frank Moon, Chief Executive Officer of EM&T
“That is the scale this next stage of production requires.”
Frank Moon, Chief Executive Officer of EM&T
“Defense, unmanned aircraft, and automotive customers are seeking secure, non-China magnet supply, and Pohang is where EM&T is producing it today.”
MIAMI, FL, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Evolution Metals & Technologies Corp. (“EM&T” or the “Company”) (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today announced that the Company will publicly showcase the largest high-performance rare earth magnet facility in production outside of China, at a ribbon-cutting ceremony on Thursday, December 17, 2026, in Pohang, South Korea. The flagship facility anchors the Company’s phased expansion of annual rare earth magnet production capacity, targeting more than 10,000 metric tons, and positions EM&T as a scaled, non-China source of high-performance rare earth permanent magnets for U.S. defense, unmanned aircraft systems (UAS), and automotive supply chains across the United States and allied markets.
Showcase Highlights: * Largest high-performance rare earth magnet facility in production outside China, located in Pohang, South Korea * Phased expansion targeting more than 10,000 metric tons of annual rare earth magnet production capacity * Positioned ahead of DFARS 252.225-7052, effective January 1, 2027, restricting Chinese-origin rare earth magnets in qualifying U.S. defense systems * Follows the August 13, 2026 White House proclamation imposing a 100 percent tariff on the most sensitive foreign unmanned aircraft and certain parts * Strategic offtake and trade discussions with defense and automotive commercial partners on site * Live magnet making, guided production-line tours, and an executive operational briefing on December 17, 2026 The operational showcase and ribbon-cutting ceremony will take place from 1:00 p.m. to 4:00 p.m. (KST) at the Company’s Pohang facility (46, Blue Seoro 2-gil, Donghae-myeon, Nam-gu, Pohang-si, Gyeongsangbuk-do, Republic of Korea). Confirmed attendees include senior government dignitaries, institutional investors, defense and automotive commercial partners, Company leadership, and international media. The program will feature an executive operational briefing, guided technical tours of active production lines and live magnet making, formal addresses by visiting dignitaries, and a ribbon-cutting ceremony. The afternoon will conclude with executive interviews, bilateral discussions to explore strategic offtake and trade opportunities, and an executive networking reception featuring live music and traditional Korean barbecue. A live webcast of the executive operational briefing will be available at investors.evolution-metals.com.
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