Evolution Metals & Technologies Reaffirms FY27 Sales Guidance Of $400M-$460M; Expects To Begin Acquiring Equipment To Produce Samarium Cobalt Magnets By Mid-2027; Confirms Will Respond To U.S. Army’s Sources Sought Notice For Rare Earth Magnets

Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (NASDAQ:EMAT), a U.S.-based critical materials and advanced manufacturing company, today announced that its portfolio of eight sintered neodymium-iron-boron ("NdFeB") rare earth magnet grades represents what the Company estimates to be approximately 75% of global sintered NdFeB magnet revenue and approximately 52% of global volume — placing EM&T squarely at the commercial center of the rare earth magnet market. The Company also reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million, announced that it expects to begin acquiring equipment to produce samarium cobalt ("SmCo") magnets, the magnet class relied upon across U.S. military systems, by mid-2027, and confirmed it will respond to the U.S. Army’s sources sought notice for rare earth magnets.The portfolio — N42SH, N48SH, N46SH, N35SH, N45H, N42H, N48M and N50M — spans the medium-, high- and super-high-temperature classes that drive the bulk of global magnet demand. Seven of the eight grades have already completed customer certification, led by N42SH, the single largest grade in the global market at an estimated 23% of sintered NdFeB revenue, now in commercial production at EM&T’s operations in Pohang, South Korea. The eighth grade, N48SH, is in the final stages of customer certification. Market share figures are Company estimates.The portfolio’s revenue share exceeds its volume share by design: it is deliberately weighted toward the premium high-temperature grades that command the highest prices in the market. Its four super-high-temperature ("SH") grades, rated to 150°C, incorporate heavy rare earths such as dysprosium and terbium to hold their magnetic strength under extreme heat, and alone are estimated to represent approximately 49% of global sintered NdFeB revenue on just 30% of volume. These are the grades specified for EV traction motors, wind turbine generators, aerospace generators and defense actuators — the most demanding, highest-value applications in the industry.With certification largely complete, EM&T’s priority for 2027 is scale. Thirteen additional ULVAC sintered magnet production machines are being delivered to Pohang, where the first 13 of 57 containers of ULVAC equipment have already arrived. The expansion is expected to lift annual capacity to more than 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets, as the Company optimizes all eight grades for yield, consistency and throughput. On that foundation, EM&T reaffirms its fiscal 2026 revenue guidance of $10 million to $11 million and its fiscal 2027 revenue guidance of $400 million to $460 million.The planned SmCo line extends EM&T into the magnet class at the heart of U.S. defense systems. SmCo magnets retain their performance at temperatures beyond the reach of NdFeB and deliver superior corrosion resistance and thermal stability, making them the standard choice for guidance and control systems, aerospace actuators, and radar and satellite systems. The timing is deliberate. Effective January 1, 2027, DFARS 252.225-7052 extends its restriction on SmCo magnets across the entire supply chain, from ore through finished magnet, for qualifying U.S. defense deliveries, while samarium itself has been subject to China’s rare earth export licensing controls since April 2025. Demand for compliant, non-China SmCo supply is building now. The line will draw on the expertise of Kenji Konishi, EM&T’s Head of Magnet Engineering Production and former Vice President and Chief Technology Officer of JL MAG Rare Earth, whose background spans sintered NdFeB and SmCo magnet systems from alloy design through mass production.That demand is already surfacing at the federal level. On September 28, 2026, the U.S. Army Contracting Command, Aberdeen Proving Ground, Tobyhanna Division, issued a sources sought notice to identify potential vendors of rare earth magnets, with responses due October 28, 2026. EM&T will respond to the notice.