Press Release
Evolution Metals & Technologies Provides Initial Revenue Guidance of $400-460mm for Fiscal Year 2027
Miami, Florida, September 10th, 2026, FinanceWire
Fiscal 2027 outlook of $400 million to $460 million reflects the expected first full-year contribution from the expansion of annual rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets, as the January 1, 2027 DFARS mine-to-magnet restriction takes effect
Evolution Metals & Technologies Corp. (“EM&T” or the “Company”) (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today provided initial revenue guidance for fiscal years 2026 and 2027. The Company expects revenue of $5 million to $8 million for fiscal 2026 and $400 million to $460 million for fiscal 2027.
The two-year guidance reflects EM&T’s expected transition from its current production base in 2026 to the first full year benefiting from its expansion in Pohang, Republic of Korea. Thirteen additional ULVAC sintered magnet production machines, placed on binding purchase orders, are scheduled for delivery and installation in November 2026 and are expected to increase annual rare earth magnet production capacity from approximately 1,000 metric tons to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets. The expansion is supported by agreed principal terms with Korea Electric Power Corporation to increase electrical infrastructure serving the Pohang operations from 130 megawatts to approximately 750 megawatts, approximately 1.3 million square feet of adjacent land to be acquired from the Pohang City Government, and conditional approval of an approximately $20.7 million grant from Pohang City and Gyeongbuk Province.
The outlook is based on management’s current assessment of demand from existing customers and the anticipated conversion of prospective customer opportunities into orders and shipments, together with assumptions regarding equipment commissioning, customer qualification, production ramp, feedstock availability, working capital, product mix, pricing and shipment timing. EM&T has secured non-China NdPr metal under its agreement with Senri Trading Co., Ltd., sourced from SRE Vietnam, and has taken delivery of its first shipment under that arrangement. The Company has also announced Tier-1 OEM quality certifications across six grades of high-performance sintered NdFeB magnets, drawing on more than 18 years of commercial-scale rare earth processing and magnet-making experience. The fiscal 2027 range reflects anticipated utilization during the production ramp and does not represent the revenue potential of the planned capacity at full utilization.
“Providing guidance for both years gives investors a clearer view of the financial progression we expect as the Pohang expansion moves from equipment installation and commissioning in late 2026 into its first full year of operation in 2027,” said Christopher Clower, Chief Financial Officer and Chief Operating Officer of EM&T. “The ranges reflect the demand and operating assumptions we can reasonably incorporate today, including the pace of customer conversion, feedstock availability and the working capital required to support higher throughput. The guidance reflects anticipated utilization during the production ramp rather than full utilization of planned capacity, and we intend to update the market as our visibility improves.”
“January 1, 2027 marks a significant change in sourcing requirements for the U.S. defense industrial base,” said Andrew F. Knaggs, President of EM&T. “For neodymium-iron-boron magnets, DFARS 252.225-7052 will extend the restriction across the entire mine-to-magnet supply chain, while the July 2026 Executive Order substantially tightened the conditions for waivers and directed faster qualification of compliant sources. EM&T’s existing Korean manufacturing platform, non-China feedstock arrangements and planned capacity expansion are designed to help address that need at commercial scale while continuing to serve our established global customer base.”
“Delivering against this guidance is fundamentally a matter of execution,” said Frank Moon, Chief Executive Officer of EM&T. “Our priorities are to install and commission the additional equipment, bring the supporting facility and power expansion online, secure the feedstock required for higher production volumes, complete required customer qualifications and convert demand into shipments. Pohang allows us to scale from an established operating base, with an experienced engineering team and long-standing customer relationships. The operating record and capabilities we build there will also support our planned expansion in the United States and continued growth beyond 2027.”
In connection with its expansion, EM&T has engaged an international public relations and strategic communications firm to broaden the Company’s global market visibility, develop international partnerships, and strengthen its press and digital communications presence. The engagement is intended to expand awareness of the Company among institutional audiences, industry partners and financial media as EM&T moves through its capacity expansion and into fiscal 2027.
About Evolution Metals & Technologies Corp.
Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com and follow the Company on our new X account at https://x.com/EMATCorp and LinkedIn at https://www.linkedin.com/company/evolution-metals-and-technologies
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company’s revenue guidance for fiscal years 2026 and 2027 and the assumptions underlying it; anticipated revenue growth and the expected contribution of the Pohang expansion to revenue; expected magnet shipments, production capacity and utilization; the timing of delivery, installation and commissioning of ULVAC equipment; the timing and availability of expanded power capacity, land and governmental grants supporting EM&T’s Pohang operations; anticipated demand from existing and prospective customers, including customers seeking DFARS-compliant supply; the conversion of demand and commercial opportunities into orders, shipments and revenue; the availability of feedstock and working capital or other financing required to purchase feedstock and support higher production volumes; pricing and product mix; the development of the Company’s planned U.S. industrial campus; and EM&T’s plans to expand its critical materials processing and permanent magnet manufacturing operations. These forward-looking statements, together with terms such as anticipate, expect, intend, may, will, should, believe, guidance, outlook, positioned and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. The Company’s guidance is based on management’s current expectations and assumptions, including anticipated customer demand, and is not based on contracted volumes. Actual revenue will depend, among other factors, on the Company’s ability to convert demand into firm orders and shipments. Such risks include, among others, delays in equipment delivery, installation and commissioning; the Company’s ability to complete its land-use arrangements, execute power supply documentation and satisfy conditions applicable to governmental grants; the ability of counterparties to perform their obligations; the Company’s ability to obtain working capital and other financing on acceptable terms, or at all, and to continue as a going concern; the availability and cost of non-China rare earth feedstock; the Company’s ability to secure purchase orders from existing and prospective customers at anticipated volumes and prices; customer qualification requirements; changes in the DFARS 252.225-7052 effective date, waiver practices, tariffs or other government policies; competition; rare earth pricing and currency fluctuations; the Company’s ability to achieve contemplated production capacity, utilization levels, yields and operating efficiencies; financing, supply-chain and market risks; and the other risks described in EM&T’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results, performance or achievements may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T’s expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under “Risk Factors” therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.
Investor Relations Contacts
Judith McGarry
Evolution Metals & Technologies Corp.
investor.relations@evolution-metals.com
Arx Investor Relations
North American Equities Desk
EMAT@arxhq.com
Contact
PR, Marketing & Global Partnerships
Phoenix MGMT & Consulting
PR@PhoenixMGMTConsulting.com
888-228-0122
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Piazza Lucio Dalla hosts the Volunteer Ministers exhibition through 8 September, combining practical tools for everyday difficulties with first-hand accounts from communities assisted after floods and earthquakes
Brussels, Brussels, Belgium, 10th Sep 2026 — A travelling yellow tent operated by the Scientology Volunteer Ministers has opened in Bologna’s Piazza Lucio Dalla, bringing to the city an exhibition focused on practical methods for helping people confront difficulties in everyday life, alongside photographs and accounts documenting volunteer work carried out during emergencies in Italy and internationally.
The initiative was inaugurated on Sunday, 30 August, before around 100 people and is scheduled to remain in the square through 8 September. Inside the large yellow pavilion, information panels and videos present approaches to subjects including communication, interpersonal relationships, study, work, marriage, raising children and coping with environments that may be experienced as unsafe or difficult.
The opening took on a particularly local character through the participation of three guests who had encountered the Volunteer Ministers not through an exhibition, but during emergencies affecting their own communities: Luca Vecchiettini, Mayor of Pianoro; Fabrizio Lazzarini, a restaurateur from Pianoro; and Andrea Ferrarini, former president of the Radio Club Contea Nord civil protection group in Bondeno.
Their accounts connected the educational material displayed inside the tent with the less visible work that often follows floods, earthquakes and other emergencies: clearing mud, supporting relief operations, helping residents restore damaged premises and assisting communities as they begin returning to everyday life.
Pianoro: a relationship born after the 2024 floods
Mayor Vecchiettini recalled the relationship established between the Municipality of Pianoro and the Volunteer Ministers following the severe flooding that struck the Bologna metropolitan area in October 2024.
The emergency caused extensive disruption across Bologna and neighbouring municipalities, including Pianoro and the Val di Zena, areas that experienced repeated extreme weather events during 2023 and 2024. The Emilia-Romagna regional authorities documented the scale of the recovery work undertaken in Pianoro and surrounding localities.
Vecchiettini, whose responsibilities include civil protection and community affairs, described at the Bologna ceremony the friendship that developed between the local administration and the volunteers during the recovery effort. His institutional responsibilities are listed by the Municipality of Pianoro.
Fabrizio Lazzarini offered a more personal recollection. His restaurant was among the premises overwhelmed by mud following the October flooding. A group of Scientology volunteers assisted with the clean-up, and the restaurant subsequently became an informal base for people involved in relief activities arriving in Pianoro from different areas.
During the inauguration, Lazzarini recalled the difficult days following the flooding and expressed his appreciation for the assistance received by his business and the surrounding community.
The third account reached further back into Emilia-Romagna’s recent history. Andrea Ferrarini spoke about the aftermath of the 2012 earthquake and the assistance provided in communities including Bondeno and Medolla.
The earthquake triggered extensive civil-protection and volunteer mobilisation across the region. The Italian Scientology-associated civil-protection organisation PROCIVICOS records formal acknowledgements received for volunteer assistance provided after emergencies, including recognition connected with the response in Medolla following the 2012 earthquake.
The three testimonies formed the central human element of the Bologna opening, illustrating how relationships established during emergencies can continue long after the immediate crisis has passed.
From emergency response to everyday difficulties
Following the ribbon-cutting, visitors entered the tent to see a photographic exhibition of Volunteer Ministers activities and material explaining the programme’s broader purpose.
Although their yellow shirts have become particularly associated with emergency response, the Volunteer Ministers programme was not conceived solely for disaster situations.
The programme was established in 1976 by L. Ron Hubbard, founder of Scientology, as a religious social-service initiative intended to provide practical assistance to people confronting difficulties in their lives.
The programme is supported internationally by the Church of Scientology, and its training materials address such subjects as communication, study, relationships, marriage, parenting, workplace difficulties, stress and the achievement of personal goals.
Over the decades, an international Volunteer Ministers disaster-response network has developed alongside these community activities, with volunteers participating in relief operations following earthquakes, floods, fires and other emergencies.
That combination — preparedness for exceptional circumstances and attention to ordinary human problems — is central to the Bologna exhibition.
Rather than concentrating exclusively on images of disaster response, the displays also present methods intended to help individuals communicate more effectively, resolve difficulties and approach challenging situations in a more organised and constructive manner.
The approach reflects the broader purpose of the Scientology Volunteer Ministers programme: providing practical assistance in circumstances ranging from individual personal difficulties to large-scale emergencies.
Ivan Arjona, representative of the Church of Scientology to the European Union, OSCE, Council of Europe and United Nations, said:
“European communities depend not only on public institutions, but also on citizens who are prepared to help when another person or an entire neighbourhood faces difficulty. What has been remembered in Bologna — from the floods in Pianoro to the earthquake response in Emilia-Romagna — is a practical expression of solidarity. Helping people recover their ability to communicate, organise and move forward is closely connected with human dignity, civic responsibility and the values on which peaceful and resilient communities are built.”
The Bologna event also illustrates how a programme developed within a religious community can interact with municipal authorities, civil-protection organisations, businesses and individual citizens around practical forms of community assistance.
For the people who spoke at the inauguration, that relationship was based less on theory than on direct encounters during moments when additional help was needed.
Their presence in Piazza Lucio Dalla gave the exhibition a distinctly regional dimension, connecting the international history of the Volunteer Ministers programme with events experienced directly by communities in Emilia-Romagna.
The inauguration and the presence of the travelling tent in Bologna were also reported by BolognaToday.
A travelling programme across Italy
The Bologna installation forms part of a travelling initiative that has brought similar Volunteer Ministers exhibitions to cities across Italy.
Inside the tent, visitors can view photographic panels documenting humanitarian and community activities while learning about practical methods developed within Scientology for addressing everyday interpersonal and organisational problems.
The exhibition therefore presents two dimensions of the same programme: large-scale assistance during emergencies and practical support intended for everyday circumstances.
This distinction is significant because much of the Volunteer Ministers programme takes place outside disaster zones. Its methods were developed to address situations involving communication difficulties, conflict, study, work, relationships and other aspects of daily life.
In emergency settings, those same principles are applied in environments where organisation, cooperation and practical assistance can become especially important.
The Bologna tent remains in Piazza Lucio Dalla through 8 September, with the exhibition open daily from 10:00 to 23:00.
The Church of Scientology was founded on the religious philosophy developed by author and humanitarian L. Ron Hubbard. The Volunteer Ministers programme was created by Mr. Hubbard in 1976 as a practical social-service initiative through which Scientologists and other trained volunteers can assist individuals and communities.
Volunteer Ministers have participated in humanitarian and disaster-response activities in many countries, while also providing educational materials addressing communication, relationships, study, work and other challenges encountered in daily life.
Churches of Scientology, missions, groups and members are present throughout the European continent. The Church’s recognition as a charitable and bona fide religion continues to grow across European jurisdictions, alongside activities undertaken by Scientologists in the fields of education, prevention, human rights, humanitarian assistance and community betterment.
Media Contact
Organization: European Office Church of Scientology for Public Affairs and Human Rights
Contact Person: Ivan Arjona
Website: https://www.scientologyeurope.org
Email: Send Email
Address: Boulevard de Waterloo 103
City: Brussels
State: Brussels
Country: Belgium
Release id: 48732
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Global governance has once again entered the “SCO moment”. On the occasion of the 2026 Shanghai Cooperation Organization (SCO) Summit, a public‑opinion survey conducted by CGTN in collaboration with Renmin University of China through the Institute for International Communication in the New Era, among 13,707 respondents across 48 countries worldwide shows that 74.6% of respondents believe the SCO offers a pragmatic path for cooperation among countries with different systems and serves as an important force for advancing a new type of international relations and a community with a shared future for mankind.
This year marks the 25th anniversary of the founding of the SCO. Over the past 25 years, trade volume between China and other SCO member states has risen from USD 12.1 billion in 2001 to USD 523.5 billion in 2025. Projects including the China‑Kyrgyzstan‑Uzbekistan Railway, the SCO Development Bank and the China‑Central Asia Gas Pipeline keep moving forward. The survey indicates global respondents hold positive views on the SCO’s pragmatic cooperation outcomes across various sectors over its 25‑year history. They note that the organization’s international influence has grown markedly in three priority areas: trade facilitation, investment and financing cooperation, as well as cultural exchanges and tourism. Among respondents from SCO member states and dialogue partners, 75.4% state that the “Shanghai Spirit” provides a cooperation framework rooted in mutual trust, mutual benefit, equality, consultation, respect for diverse civilizations and pursuit of common development. Meanwhile, 71.7% of respondents believe the SCO has amplified the voice of Global South countries and advanced the building of a fairer and more reasonable global governance system.
As a founding member of the SCO, China has consistently linked its own development to that of the SCO, and to the aspiration of peoples of all member states for a better life. To date, China’s investment in other member states has kept expanding. In 2025, China’s direct investment across all industries stood at USD 3.3 billion, covering oil and gas, mineral resources, infrastructure, new energy, automobiles, chemicals and other sectors. China has also invested in building more than 30 economic and trade cooperation zones, helping recipient countries boost industrial capacity and driving local economic growth and employment. Survey respondents spoke highly of China’s philosophy and contributions to building an SCO community with a shared future, and widely recognized China’s most remarkable contributions in three dimensions: advancing regional economic cooperation, promoting security cooperation among member states, and providing development assistance and financial support. In addition, 76.2% of respondents hold that China’s Belt and Road Initiative has fostered a new landscape of interconnected and integrated global development; 73.5% note that the Global Governance Initiative points the way for Global South countries to participate in reform of the global governance system.
Today, the SCO has grown into a comprehensive regional cooperation organization boasting the world’s largest territorial coverage, biggest population and enormous development potential. As a key force driving transformation of the global governance system, the SCO is playing an increasingly vital role in practicing true multilateralism, advocating equal‑ and‑orderly world multipolarization and inclusive‑for‑all economic globalization, and has drawn wide international attention. According to the survey, 89.6% of respondents call on all countries to participate in global affairs on an equal footing and jointly shape international rules and order. They expect the SCO to exert greater influence in three major fields: infrastructure and energy, regional security cooperation, and environment and climate change.
Covering major developed countries and Global South nations, this survey targeted ordinary people aged 18 and above, with samples aligned with national census‑based age‑and‑gender distributions in respective countries.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Golf Commentator Tancredi Marchiolo Turns His Attention to Medinah as the 2026 Presidents Cup Returns to a Renovated Course No. 3
- Italian-born writer on golf course architecture Tancredi Marchiolo launches a series of essays examining the restored Medinah layout, the Bendelow-to-Ogilvy lineage, and what the September team event reveals about classic design
Medinah, Illinois, Sep 10, 2026, ZEX PR WIRE — Golf writer and course architecture enthusiast Tancredi Marchiolo has announced a new series of essays timed to the 2026 Presidents Cup, which brings the biennial competition between the United States and the International Team to Medinah Country Club’s Course No. 3 from September 22 through 27. The series will look past the leaderboard to the ground itself, tracing how a 1920s Tom Bendelow design became one of the most heavily reworked championship courses in America, and what its latest transformation says about the direction of modern golf architecture.
Medinah’s Course No. 3 arrives at the Presidents Cup fresh from a full-scale redesign by OCM, the Australian firm co-founded by International Team captain Geoff Ogilvy. The project rerouted the closing holes, removed thousands of trees, widened fairways, enlarged greens, and introduced broad expanses of fescue in place of the dense parkland corridors that defined the course during its three U.S. Opens, two PGA Championships, and the 2012 Ryder Cup. For Tancredi Marchiolo, that shift is the story of the week.
“Medinah is a fascinating case because it has never stopped being rebuilt,” said Tancredi Marchiolo. “Bendelow laid it out across rolling Illinois farmland, and for a century afterward committees kept adding trees, narrowing corridors, and asking the course to play harder. What OCM has done is turn the clock back toward the original idea of width, angles, and options. Whether that produces better match play is exactly the question I want to sit with over four days.”
The essays will examine several threads that run through the writer’s broader work on the game. The first considers the tension between a course built to punish and a course built to reward thinking, a distinction Tancredi Marchiolo has long argued in favor of the Scottish links tradition. The second explores tree removal as the defining restoration movement of the past two decades and asks what is gained and lost when a parkland course is opened to the sky. A third piece looks at the peculiar relationship between architects and captains, given that Ogilvy will lead the International side across holes his own firm reshaped. Later entries will draw comparisons between Medinah and the courses on the writer’s own list of essential walks, including Muirfield, Royal Dornoch, and Circolo Golf Villa d’Este above Lake Como in his native Italy.
Tancredi Marchiolo came to golf later than to his other lifelong pursuits, taking up the game in his thirties and finding in it the same qualities he values in opera and wine: patience, attention to setting, and a refusal to be hurried. He plays for the walk as much as for the score and prefers courses laid out across natural terrain to engineered modern designs. His writing on golf leans reflective rather than technical, with a particular focus on the history of the game and the architects who shaped it.
“The Presidents Cup will be decided by putts and pairings, and I follow that with real interest,” Tancredi Marchiolo added. “But the part of the week that will still matter in twenty years is the course. If Medinah proves that a great old parkland layout can be restored rather than simply toughened, it will influence how a lot of clubs think about their own ground. That is worth writing about carefully.”
The series will be published on TancrediMarchiolo.com, with the first essay appearing ahead of the opening four-ball session on Thursday, September 24, and further installments following each day of competition. Additional writing on golf, opera, and wine is available across the author’s personal platforms.
About Tancredi Marchiolo
Tancredi Marchiolo is an Italian-born writer and devoted student of three classical pursuits: opera, wine, and golf. His writing on golf focuses on course architecture, the walking game, and the landscapes that give the great courses their character, with the links of Scotland and the historic courses of Italy forming the backbone of his own record-keeping. Beyond the course, he writes on the Italian operatic canon and the bel canto repertoire, and on the wines of Piedmont and Tuscany, reflecting a broader interest in tradition, craftsmanship, and place. Learn more at TancrediMarchiolo.com.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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