Evolution Metals & Technologies Submits Response to U.S. Army Sources Sought Notice for Rare Earth Magnets Used in Small Drone Motors

Andrew Knaggs, President of EM&T

“Drones have become one of the most important tools on the modern battlefield, and every one of their motors depends on high-performance rare earth magnets that today come overwhelmingly from China”

Andrew Knaggs, President of EM&T

“We already make N42SH commercially, we know how to qualify grades for demanding customers, and we are scaling to approximately 10,000 metric tons in Pohang. We are prepared to work with the Army on qualification and to establish a secure, traceable domestic supply chain for drone magnets. We are certified and going into commercial production of seven additional grades representing 52% of the total sintered market globally by revenue.”

Tom Bussiere, Retired General, member of EM&T’s Board of Directors and former Commander of Air Force Global Strike Command

“Air power, from strategic bombers to small drones, runs on components most people never see, and rare earth magnets are one of the most critical”

Tom Bussiere, Retired General, member of EM&T’s Board of Directors and former Commander of Air Force Global Strike Command

“A force that cannot secure its magnet supply cannot be sure of its readiness. EM&T is building the allied, traceable production capacity our warfighters need.”

Chris Miller, Member of EM&T’s Board of Directors and former Acting U.S. Secretary of Defense

“Our reliance on China for rare earth magnets is a national security vulnerability, and it will not be solved by policy alone. It takes manufacturers with real plants, real equipment and real customers.”

Chris Miller, Member of EM&T’s Board of Directors and former Acting U.S. Secretary of Defense

“EM&T is producing magnets today with a close U.S. ally and is significantly expanding our production scale outside of China. That is exactly the industrial base the United States needs to rebuild.”