other material
confidence high
sentiment neutral
materiality 0.55
EMAT signs non-binding LOI with VIVIFY for behind-the-meter hydrogen power at planned U.S. rare earth magnet campus
Evolution Metals & Technologies Corp.
- VIVIFY would be primary hydrogen energy technology partner and energy-infrastructure provider for EMAT's planned U.S. rare earth magnet campus under a non-binding LOI dated Sept 30, 2026.
- EMAT scaling Korean magnet output in Pohang from ~1,000 to 10,000 metric tons/year, supported by a 750-MW electrical infrastructure agreement.
- U.S. campus Phase I planned as largest hydrometallurgical facility in Western Hemisphere; DFARS sourcing rules take effect Jan 1, 2027.
- VIVIFY's Flying Pig unit engineered toward 1MW per container; manufacturing in Jupiter, FL scheduled to begin January 2027.
- No financial terms disclosed; within 90 days seek alignment on commercial terms, 120 days to execute definitive agreements; conditioned on technical validation and site control.