Evolution Metals & Technologies Corp. produces and processes critical materials for rare earth magnets, battery materials and related technologies. Company news includes updates on sintered magnets, bonded magnets, rare earth oxides, metals, alloys, battery-grade sulfates, carbonates, precursor cathode active materials and mid-stream critical minerals processing.
Recurring developments also cover commercial operations in the United States and the Republic of Korea, investor presentations and webinars, operating and financial results, capital-structure disclosures and governance matters tied to its Nasdaq-listed public-company profile.
Evolution Metals & Technologies (NASDAQ: EMAT) announced a letter of intent with INERGX for energy systems at its planned U.S. recovery facility. The facility would recover critical materials and battery black mass, material obtained from processed batteries. EM&T plans approximately 1 GW of on-site capacity within two years and up to approximately 5 GW at full build-out, powered by on-site liquefied natural gas generation.
The proposed partnership covers storage design, supply, integration and service, with an anticipated initial ten-year service term. INERGX intends to source batteries through approved non-China partners. Definitive agreements remain to be negotiated. The parties will evaluate returning end-of-life packs to EM&T for recovery. Separately, EM&T reiterated previously announced fiscal 2027 revenue guidance of $400 million–$460 million, reflecting expected contributions from its Pohang magnet capacity expansion.
Evolution Metals & Technologies (EMAT) will showcase its operating rare earth magnet facility in Pohang, South Korea, on December 17, 2026.
The facility anchors a phased expansion targeting more than 10,000 metric tons of annual rare earth magnet production capacity. EM&T plans to use its Korean operating base as a platform for expansion in the United States. The showcase will include active production-line tours, live magnet making and an executive operational briefing. Defense and automotive commercial partners will attend, with discussions planned to explore purchase agreements and trade opportunities.
VIVIFY Technology signed a letter of intent with Evolution Metals & Technologies (EMAT) to deploy hydrogen power supporting its manufacturing operations.
The proposed deployment would provide behind-the-meter power, generated on site rather than supplied through the grid, for Evolution's rare earth magnet and critical materials operations. Evolution is scaling magnet production capacity to approximately 10,000 metric tons annually and developing an integrated U.S. industrial campus. The letter marks VIVIFY's first announced commitment with a publicly traded company. VIVIFY's manufacturing in Jupiter, Florida, is scheduled to begin in January 2027.
Evolution Metals & Technologies (Nasdaq: EMAT) signed a non-binding letter of intent with VIVIFY Technology for hydrogen power at its planned U.S. magnet campus. VIVIFY would deploy behind-the-meter power, generated on site independently of the legacy grid. Deployment remains subject to technical validation and definitive agreements; no definitive power deployment agreement has been completed.
EM&T is developing an integrated U.S. rare earth magnet campus, with Phase I planned as a hydrometallurgical facility for processing materials using liquid solutions. It is also scaling annual magnet production capacity in Pohang, Republic of Korea, from approximately 1,000 to 10,000 metric tons, supported by a 750-megawatt electrical infrastructure agreement. New DFARS sourcing requirements for the U.S. defense industrial base take effect January 1, 2027.
Evolution Metals & Technologies (EMAT) has been added to the Russell 3000® and Russell 2000® Indexes effective at the opening of U.S. equity markets on September 21, 2026, through FTSE Russell’s third-quarter 2026 IPO additions process.
The company becomes part of two widely tracked U.S. equity benchmarks to which approximately $12.2 trillion in assets are benchmarked or invested. Index membership brings EMAT into index-tracking products, related institutional portfolios, and mandates that require benchmark inclusion. Management highlights progress to commercial-scale rare earth magnet production, secured non-China NdPr feedstock, expansion in Pohang to about 10,000 metric tons of annual magnet capacity (including 6,000 metric tons of high-performance sintered NdFeB), supported by a 750-megawatt KEPCO infrastructure agreement, and initial fiscal 2027 revenue guidance of $400–$460 million.
Evolution Metals & Technologies (EMAT) issued initial revenue guidance of $5–8 million for fiscal 2026 and $400–460 million for fiscal 2027, reflecting the first full-year impact of its Pohang, Republic of Korea expansion as DFARS mine-to-magnet restrictions take effect on January 1, 2027.
The company has binding purchase orders for 13 additional ULVAC sintered magnet machines, scheduled for November 2026 delivery, which are expected to raise annual rare earth magnet capacity from about 1,000 to 10,000 metric tons, including roughly 6,000 metric tons of high-performance sintered NdFeB magnets. The expansion is supported by agreed principal terms to boost power infrastructure from 130 MW to ~750 MW, access to approximately 1.3 million sq. ft. of adjacent land, and conditional approval of a ~$20.7 million grant. EMAT has secured non-China NdPr metal supply via Senri Trading sourced from SRE Vietnam and obtained Tier‑1 OEM quality certifications across six grades of high-performance magnets.
Evolution Metals & Technologies (Nasdaq: EMAT) has agreed principal terms with Korea Electric Power Corporation to expand electrical infrastructure for its Pohang, Korea operations from 130 MW to 750 MW, with a right of first refusal on additional capacity. Power availability is planned to align with facility expansion and ULVAC equipment installation in November 2026.
According to EM&T, the company plans to acquire about 1.3 million sq ft of adjacent land from Pohang City on a freehold basis and expand its magnet manufacturing footprint from 24,000 sq ft to 482,000 sq ft. Together with increased power and infrastructure, this is expected to support production of more than 10,000 metric tons of high-performance sintered and bonded magnets annually, in addition to planned U.S. capacity. EM&T has received conditional approval for an approximately US$20.7 million (₩28.3 billion) grant from Pohang City and Gyeongbuk Province, and KEPCO is expected to fund about 90% of substation, cabling and civil works costs.
Evolution Metals & Technologies (Nasdaq: EMAT) has been named on FTSE Russell’s preliminary lists for addition to the Russell 3000® and Russell 2000® indexes, effective September 21, 2026, subject to FTSE Russell’s standard review process. Preliminary lists were published August 21, 2026.
Preliminary inclusion in the Russell 2000 would also confer membership in the Russell 3000 and related style indexes. According to the company, about $12.2 trillion in assets were benchmarked to Russell U.S. indexes as of June 2025.
EMAT also highlighted its rare earth magnet growth initiatives, including Tier‑1 OEM quality certifications across six grades of sintered NdFeB magnets, receipt of non‑China NdPr metal for commercial production, and binding purchase orders for 13 additional ULVAC sintered magnet machines, expected to lift annual capacity to approximately 10,000 metric tons by November 2026.
Evolution Metals & Technologies (Nasdaq: EMAT) reported Q2 2026 results and detailed progress on building a non-China, defense-grade rare earth magnet supply chain. Revenue reached $1.6 million in Q2 2026 (none in Q2 2025) with a $0.1 million gross loss, while net loss narrowed to $11.9 million from $40.9 million; Adjusted Net Loss was $13.6 million.
The company OEM-qualified six NdFeB magnet grades with two Tier‑1 electronics customers, received the first five-metric-ton shipment of non-China NdPr metal under a bulk-supply agreement, and advanced ULVAC contracts for 13 sintered magnet production machines targeting about 10,000 metric tons annual magnet capacity by late 2026. EMAT also put in place a $100 million convertible debenture facility with Yorkville, issued $25.8 million to date, and strengthened leadership by appointing magnet expert Kenji Konishi and retired four-star General Thomas A. Bussiere.
Evolution Metals & Technologies (Nasdaq: EMAT) appointed retired U.S. Air Force General Thomas A. Bussiere, former Commander of Air Force Global Strike Command and former Deputy Commander of U.S. Strategic Command, as an independent member of its Board of Directors, effective August 13, 2026.
According to the company, Bussiere brings a 40-year military career leading more than 33,000 personnel, overseeing nuclear command, control and communications, defense supply chains and multi-billion-dollar modernization programs. He will serve on EM&T’s Audit, Compensation, and Nominating and Corporate Governance Committees. In connection with the changes, Saul Locker was named Audit Committee Chair and director Thomas Stoddard resigned from the Board.