Evolution Metals & Technologies forecasts fiscal 2027 revenue of USD 400 million-460 million

Reuters2026/09/10 12:04

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Evolution Metals & Technologies issued initial revenue guidance of $5 million-$8 million for fiscal 2026, rising to $400 million-$460 million in fiscal 2027.
Step-change tied to a Pohang, South Korea expansion, with 13 ULVAC sintered-magnet machines slated for delivery and installation in November 2026.
Capacity expected to increase to about 10,000 metric tons a year from about 1,000, including about 6,000 metric tons of high-performance sintered magnets.
Assumptions include equipment commissioning, customer qualification, production ramp, feedstock availability, working capital, product mix, pricing, shipment timing.
Power infrastructure expected to rise to about 750 MW from 130 MW; expansion includes conditional approval of a $20.7 million local grant.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evolution Metals & Technologies Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609100800PRIMZONEFULLFEED9824418) on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Evolution Metals & Technologies forecasts fiscal 2027 revenue of USD 400 million-460 million

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