Evolution Metals Reaffirms FY2027 Revenue Guidance; Plans Samarium Cobalt Magnet Production

09:20 AM EDT, 10/14/2026 (MT Newswires) -- Evolution Metals & Technologies (EMAT) on Wednesday reaffirmed fiscal 2027 revenue guidance of $400 million to $460 million. Analysts surveyed by FactSet are expecting $382.3 million. The company also said it plans to begin acquiring equipment to produce samarium cobalt magnets, used in US military systems, by mid-2027, and that it will respond to the US Army's sources sought notice for rare earth magnets. Evolution Metals said that seven of its eight sintered neodymium-iron-boron rare earth magnet grades have completed customer certification and that the eighth grade is in the final stages of certification. Shares of Evolution Metals were 0.6% lower in premarket trading.