Evolution Metals & Technologies Corp. has issued initial revenue guidance of $5 million to $8 million for fiscal year 2026, scaling to $400 million to $460 million for fiscal year 2027. The projected jump reflects the company's scheduled transition to its first full year benefiting from the expansion of its manufacturing operations in Pohang, Republic of Korea.

The outlook builds on financial growth that saw Evolution Metals & Technologies report $1.6 million in revenue during the second quarter of 2026. Thirteen additional ULVAC sintered magnet production machines are scheduled for delivery in November 2026, a move designed to increase annual rare earth magnet production capacity from approximately 1,000 metric tons to approximately 10,000 metric tons, including roughly 6,000 metric tons of high-performance sintered magnets.

The expansion is supported by agreed principal terms with Korea Electric Power Corporation to increase electrical infrastructure serving the Pohang site from 130 megawatts to approximately 750 megawatts in November 2026. The company also plans to acquire about 1.3 million square feet of adjacent land from the Pohang City Government and has secured conditional approval for an approximately $20.7 million grant. To support its commercial growth, Evolution Metals & Technologies secured a $100 million financing facility from Yorkville Advisors Global, LP in May 2026.

Manufacturing execution is being overseen by Kenji Konishi, the former Vice President and Chief Technology Officer of JL MAG Rare Earth who joined as Head of Magnet Engineering Production in August 2026. The fiscal 2027 revenue guidance reflects anticipated utilization rates during the production ramp rather than the full revenue potential of the planned capacity.

“Providing guidance for both years gives investors a clearer view of the financial progression we expect as the Pohang expansion moves from equipment installation and commissioning in late 2026 into its first full year of operation in 2027,” said Christopher Clower, Chief Financial Officer and Chief Operating Officer of EM&T. “The ranges reflect the demand and operating assumptions we can reasonably incorporate today, including the pace of customer conversion, feedstock availability and the working capital required to support higher throughput. The guidance reflects anticipated utilization during the production ramp rather than full utilization of planned capacity, and we intend to update the market as our visibility improves.”

— Christopher Clower, Chief Financial Officer and Chief Operating Officer of EM&T

Read the full announcement: Evolution Metals & Technologies Provides Initial Revenue Guidance of $400-460mm for Fiscal Year 2027