EM&T Reports Q1 2026 Results, Secures Orders for 13 Magnet Machines

Evolution Metals secured binding purchase orders for 13 ULVAC rare earth magnet production machines to scale capacity to 10,000 metric tons by November 2026, ahead of the January 2027 DFARS deadline. The move positions the company as the only U.S.-listed non-Chinese producer of commercial-scale rare earth magnets, capitalizing on favorable defense policy and supply chain security tailwinds.