Evolution Metals & Technologies Corp. Announces Major 750 Megawatt Power Infrastructure Expansion to Scale Magnet Production to Approximately 10,000 Metric Tons Annually
Evolution Metals & Technologies Corp. (EMAT) announced a major expansion of electrical infrastructure at its Pohang, South Korea operations, increasing power capacity from 130 MW to 750 MW to support scaling rare earth magnet production from 1,000 to 10,000 metric tons annually by end 2026. The expansion includes facility expansion from 24,000 to 482,000 square feet, land acquisition, and a conditional $20.7 million Korean government grant.