EL7.AI
StocksMediumUpdated×3•Originally published 21 September 2026•Updated 22 September 2026•
2 min read

Evolution Metals Joins Russell Indexes With 2027 Revenue Outlook of $400 Million to $460 Million

Key Facts

1EMAT joined the Russell 3000 and Russell 2000 at the U.S. market open on September 21, 2026, through the quarterly additions for the third quarter of 2026.
2The company issued initial fiscal 2027 revenue guidance of $400 million to $460 million on September 10, 2026.
3The plan targets approximately 10,000 metric tons of annual capacity by November 2026, including approximately 6,000 metric tons of sintered NdFeB magnets, supported by 13 additional machines.
4EMAT closed at $3.43 on September 21, 2026, after trading between $3.25 and $4.47.

Evolution Metals & Technologies, listed under EMAT, joined the Russell 3000 and Russell 2000 at the U.S. market open on September 21, 2026. The move was part of FTSE Russell's quarterly additions for newly listed companies in the third quarter of 2026.

Russell 2000 membership automatically results in inclusion in the Russell 3000 and applicable U.S. style indexes. The company, citing FTSE Russell, said about $12.2 trillion in assets are tied to products based on the Russell U.S. Indexes; index-tracking products may need to adjust their holdings, but that does not guarantee a particular inflow or a higher share price.

The company had issued initial fiscal 2027 revenue guidance of $400 million to $460 million on September 10, 2026, before the index entry became effective.

The revenue range is tied to a plan to lift annual magnet-production capacity to approximately 10,000 metric tons by November 2026, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets, supported by 13 additional machines. The outlook depends on equipment commissioning, customer qualification, conversion of opportunities into orders, feedstock, working capital, pricing and product mix, making it a forecast rather than contracted revenue.

EL7.AI data show EMAT closed at $3.43 on September 21, 2026, after trading between $3.25 and $4.47. Those data replace the earlier references to a September 18 close and to support at $3.42 and resistance at $4.66, for which sufficient technical evidence was unavailable.

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