Evolution Metals & Technologies Corp. Reaffirms $400 Million to $460 Million FY2027 Revenue Guidance, Unveils Eight Sintered Magnet Grades Covering an Estimated 75% of Global NdFeB Revenue, and Moves to Answer U.S. Army Call for Rare Earth Magnets
Key Highlights
- ➤EM&T reaffirms FY2027 revenue guidance of $400 million to $460 million
- ➤Eight NdFeB grades represent estimated 75% of global sintered magnet revenue
- ➤Pohang expansion targets annual capacity above 10,000 metric tons
- ➤EM&T expects SmCo equipment acquisitions by mid-2027
- ➤EM&T will respond to U.S. Army rare earth magnet sources sought notice
Expert Statements
Andrew Knaggs, President of EM&T
“EM&T will be answering the U.S. Army’s call for rare earth magnets.”
Andrew Knaggs, President of EM&T
“In a highly unusual move, the U.S. Army appears to intend to acquire magnets directly for its defense apparatus and contractors.”
Andrew Knaggs, President of EM&T
“With seven customer-certified grades in production in Pohang and a SmCo line on the way, we believe EM&T is exactly the kind of supplier that requirement is looking for.”
David Wilcox, Executive Chairman of EM&T
“Three quarters of the value in the global sintered magnet market sits in the eight grades EM&T produces, and our customers have already certified seven of them.”
David Wilcox, Executive Chairman of EM&T
“We did not build this portfolio around the edges of the market. We built it around the center, weighted toward the super-high-temperature grades that EV, wind, aerospace and defense customers specify and pay a premium for.”
David Wilcox, Executive Chairman of EM&T
“2027 is about execution: optimizing those eight grades as our new ULVAC capacity takes Pohang past 10,000 metric tons, and adding samarium cobalt, the magnet the U.S. defense industrial base depends on where heat and stability matter most.”
David Wilcox, Executive Chairman of EM&T
“With DFARS reaching SmCo magnets on January 1, 2027 and samarium already under Chinese export licensing, demand for compliant supply is building now, and EM&T intends to meet it at commercial scale.”
Frank Moon, Chief Executive Officer of EM&T
“We are growing, and the proof is on the ground in Pohang.”
Frank Moon, Chief Executive Officer of EM&T
“The first 13 of 57 containers of ULVAC equipment have arrived, seven of our eight grades carry customer certification, and our fiscal 2027 revenue guidance of $400 million to $460 million stands.”
Frank Moon, Chief Executive Officer of EM&T
“These are not projections — they are milestones, and each one reflects production that is already scaling.”
Kenji Konishi, Head of Magnet Engineering Production at EM&T
“The grades in this portfolio are the product of years of development in high-performance sintered magnets, a segment approximately ten times the size of the bonded magnet market.”
Kenji Konishi, Head of Magnet Engineering Production at EM&T
“That development is now in production.”
Kenji Konishi, Head of Magnet Engineering Production at EM&T
“We are growing output of grades our customers have already certified, and our SmCo line will be built on the same engineering foundation.”
MIAMI, Oct. 14, 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 its portfolio of eight sintered neodymium-iron-boron (“NdFeB”) rare earth magnet grades represents what the Company estimates to be approximately 75% of global sintered NdFeB magnet revenue and approximately 52% of global volume — placing EM&T squarely at the commercial center of the rare earth magnet market. The Company also reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million, announced that it expects to begin acquiring equipment to produce samarium cobalt (“SmCo”) magnets, the magnet class relied upon across U.S. military systems, by mid-2027, and confirmed it will respond to the U.S. Army’s sources sought notice for rare earth magnets.
The portfolio — N42SH, N48SH, N46SH, N35SH, N45H, N42H, N48M and N50M — spans the medium-, high- and super-high-temperature classes that drive the bulk of global magnet demand. Seven of the eight grades have already completed customer certification, led by N42SH, the single largest grade in the global market at an estimated 23% of sintered NdFeB revenue, now in commercial production at EM&T’s operations in Pohang, South Korea. The eighth grade, N48SH, is in the final stages of customer certification. Market share figures are Company estimates.
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