# Evolution Metals Reaffirms $400M FY2027 Target and Plans U.S. Army Magnet Bid

- URL: https://stocks.freetheai.org/news/evolution-metals-reaffirms-400m-fy2027-target-and-plans-u-s-army-magnet-bid-898bc3
- Published: 2026-10-14T12:00:43Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [NASDAQ:EMAT](https://stocks.freetheai.org/symbols/NASDAQ-EMAT)
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Evolution Metals & Technologies Corp. (EMAT) reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million and its fiscal 2026 revenue target of $10 million to $11 million. The critical materials manufacturer stated that its portfolio of eight sintered neodymium-iron-boron magnet grades accounts for an estimated 75% of global revenue in that product category. Seven of the eight grades have achieved customer certification, with commercial manufacturing underway in Pohang, South Korea.

The company is positioning itself to capture growing defense and industrial demand for non-Chinese critical components. With new defense procurement restrictions taking effect on foreign rare earth supply chains in January 2027, secure magnet manufacturing is increasingly vital for defense contractors. Evolution Metals & Technologies Corp. plans to begin acquiring equipment by mid-2027 to produce samarium cobalt magnets, which are critical for high-temperature military applications.

Looking ahead, the manufacturer plans to respond to a U.S. Army sources sought notice for rare earth magnets due on October 28, 2026. Annual capacity at the Pohang facility is targeted to surpass 10,000 metric tons as additional production machinery arrives. Shares of the company fell 3.06% to $1.425 following the announcement.

## Key points

- Evolution Metals & Technologies Corp. reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million.
- Seven of the company's eight sintered magnet grades are customer-certified, with production scaling in Pohang, South Korea.
- The manufacturer will respond to a U.S. Army request for potential rare earth magnet suppliers due October 28, 2026.
- Equipment for producing samarium cobalt magnets used in military defense systems is targeted for acquisition by mid-2027.

## Questions and answers

### What is the revenue guidance for Evolution Metals & Technologies Corp.?

Evolution Metals & Technologies Corp. reaffirmed fiscal 2026 revenue guidance of $10 million to $11 million and fiscal 2027 revenue guidance of $400 million to $460 million.

### How is Evolution Metals involved with the U.S. Army?

The company confirmed it will respond to a U.S. Army sources sought notice for rare earth magnets issued on September 28, 2026, with responses due by October 28, 2026.

### Where is Evolution Metals expanding its rare earth magnet manufacturing?

The company is expanding production at its facility in Pohang, South Korea, targeting an annual capacity exceeding 10,000 metric tons.