Evolution Metals & Technologies Corp. Announces Major 750 Megawatt Power Infrastructure Expansion to Scale Magnet Production to Approximately 10,000 Metric Tons Annually

The agreement expands EM&T’s Pohang electrical infrastructure from 130 MW to 750 MW, nearly a six-fold increase in available power capacity. This should improve the site’s ability to scale operations, which is a modest positive for the company’s near-to-medium term growth outlook.