Evolution Metals & Technologies Corp. 8K

Evolution Metals Technologies Corp. announced a major expansion of its Pohang, Korea power infrastructure, land, and facilities—backed by a conditional $20.7 million grant—to scale rare earth magnet production to roughly 10,000 metric tons annually by the end of 2026.

On August 27, 2026, Evolution Metals Technologies Corp. (EMT) announced that it has agreed to principal terms with Korea Electric Power Corporation (KEPCO) to expand the electrical infrastructure serving its Pohang, Republic of Korea operations from 130 megawatts to approximately 750 megawatts, providing a right of first refusal on additional capacity and supporting a major scale-up of its rare earth magnet production to about 10,000 metric tons annually by the end of 2026. In connection with this power expansion, EMT plans to acquire roughly 1.3 million square feet of adjacent land from the Pohang City Government on a freehold basis and expand its magnet manufacturing facility footprint from 24,000 to 482,000 square feet to house additional ULVAC magnet manufacturing equipment expected for delivery and installation in November 2026. The company has also received conditional approval for an approximately US$20.7 million (₩28.3 billion) governmental grant from Pohang City and Gyeongbuk Province to support plant construction and equipment purchases, while KEPCO is expected to fund about 90% of the related substation, cabling and civil works, with EMT expecting to benefit from highly competitive power rates that enhance the scalability and cost competitiveness of its planned magnet manufacturing operations.

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8K

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0001213900-26-094170

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