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Evolution Metals & Technologies to boost rare earth magnet capacity to 10,000 tons with ULVAC machines by 2026

Company Fundamentals
14 May 2026
GlobeNewsWire
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Bullish
pluang ai news

Evolution Metals & Technologies Corp. (EM&T) has signed binding purchase orders with ULVAC Korea to acquire thirteen advanced rare earth sintered magnet machines, aiming to expand its annual production capacity to 10,000 metric tons by November 2026. This expansion includes 6,000 tons of high-performance sintered magnets, positioning EM&T as the largest rare earth magnet producer outside China. The deal accelerates ULVAC's typical 24-month delivery timeline to just months, reflecting a strong strategic partnership and validating EM&T's manufacturing capabilities. This growth supports U.S. national security by providing a domestic supply of critical rare earth magnets for defense and industrial use, especially ahead of the 2027 U.S. policy requiring defense contractors to source domestically.

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