Evolution Metals & Technologies Receives Additional Magnet Equipment From ULVAC At Its Pohang Facility And Expects Remainder This Month; Reaffirms FY27 Revenue Guidance Of $400M-$460M

Company has taken delivery of additional magnet equipment from ULVAC at its Pohang facility, with thirteen of 57 containers arriving today and the remaining containers to be delivered before the end of October. The thirteen additional ULVAC machines are the core of EM&T’s ten-fold capacity expansion and underpin its previously announced fiscal 2027 revenue guidance of $400 million to $460 million, which the Company today reaffirms. The expansion positions EM&T as a scaled, non-China source of high-performance rare earth permanent magnets for U.S. defense, unmanned aircraft systems and automotive supply chains across the United States and allied markets.

The delivery comes ahead of DFARS 252.225-7052, effective January 1, 2027, which will prohibit U.S. defense contractors from using rare earth magnets containing materials mined, refined, separated, melted or produced in China, Russia, North Korea or Iran. Because China produces most of the world’s NdPr metal, the majority of globally available magnet supply is expected to become non-compliant absent qualified non-China feedstock and manufacturing. The July 20, 2026 Executive Order on defense supply chains tightened enforcement by ending routine waivers, and the August 13, 2026 White House proclamation imposing a 100 percent tariff on the most sensitive foreign unmanned aircraft and certain parts has added pressure across a drone supply chain that depends on high-performance NdFeB magnets.

EM&T has qualified seven high-performance NdFeB sintered magnet grades with Tier-1 OEMs and secured non-China NdPr feedstock, and the additional ULVAC equipment is intended to address the remaining requirement of production capacity. Once installed and commissioned, the thirteen additional ULVAC machines are expected to take the Company’s annual capacity from 1,000 metric tons to approximately 10,000 metric tons, including 6,000 metric tons of high-performance sintered magnets, positioning EM&T as the largest producer of rare earth permanent magnets outside of China.