Evolution Metals Submits Response to US Army Magnet Notice

Miami, FL, USA - Evolution Metals & Technologies Corp. (Nasdaq: EMAT) announced that it has submitted a capability statement in response to the U.S. Army's Sources Sought notice for rare earth magnets used in small uncrewed aircraft systems.

The U.S. Army Contracting Command issued the Request for Information to identify companies capable of manufacturing commercial-grade rare earth magnets, specifically neodymium-iron-boron arc-segment magnets in grade N52SH or N42SH. EM&T currently produces N42SH commercially at its facility in Pohang, Republic of Korea, and plans to scale annual capacity.

Key Highlights

• EM&T commercially produces the N42SH magnet grade specified by the Army.
• The company proposed a staged qualification path and auditable mine-to-magnet traceability records.
• Plans include expanding production capacity in Pohang to approximately 10,000 metric tons.