Evolution Metals signs Senri supply deal for non-China NdPr metal for magnet output expansion

Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp.

EMAT

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  • Evolution Metals signed a supply agreement with Senri Trading to buy bulk NdPr metal sourced from Tokai’s Vietnam unit SRE.
  • Non-China NdPr supply supports a planned ramp to about 10,000 tons a year of rare earth magnet output in 2026.
  • SRE tripled midstream rare earth processing capacity to 3,929 metric tons a year as of January 2025.
  • Deal positions magnet production ahead of DFARS rules barring Chinese-origin rare earth magnets in qualifying US weapons systems from Jan. 1, 2027.


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