Evolution Metals Reaffirms FY2027 Revenue Guidance and Unveils New Magnet Grades

Key Facts

1Evolution Metals & Technologies reaffirmed its FY2027 revenue guidance of $400 million to $460 million.

2The company unveiled eight sintered magnet grades covering an estimated 75% of global NdFeB revenue.

3The company plans to acquire equipment for samarium cobalt magnet production by mid-2027 to meet U.S. Army requirements.

Evolution Metals & Technologies reaffirmed its FY2027 revenue guidance of $400 million to $460 million. According to a company statement via GlobeNewswire, the firm unveiled eight new sintered magnet grades estimated to cover 75% of global NdFeB market revenue. The company also plans to acquire equipment for samarium cobalt magnet production by mid-2027 to address specific U.S. Army requirements.

EMAT closed at $1.43 on October 13, 2026, with the stock trading between a day low of $1.35 and a high of $1.49 during that session. These strategic moves position the company as a key player in the critical materials supply chain, following a "sources sought" notice from the U.S. Army regarding rare earth magnet needs.