• Evolution Metals & Technologies agreed principal terms with Korea Electric Power Corporation to expand power capacity for its Pohang operations to 750 MW from 130 MW.
• The expansion supports plans to lift rare earth magnet output to about 10,000 metric tons a year by end-2026.
• Power is expected to be available in November 2026, aligned with a planned facility expansion and installation of ULVAC equipment.
• The company also plans to buy about 1.3 million square feet of adjacent land, expanding its magnet plant to 482,000 square feet from 24,000 square feet.
• It received conditional approval for a USD 20.7 million government grant tied to the expansion, pending completion of the property acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evolution Metals & Technologies Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608270845PRIMZONEFULLFEED1001259678) on August 27, 2026, and is solely responsible for the information contained therein.