Evolution Metals & Technologies Signs VIVIFY Hydrogen LOI for Planned U.S. Rare-Earth Magnet Campus

Highlights

• EM&T and VIVIFY signed a non-binding LOI to explore behind-the-meter hydrogen power for a planned U.S. rare-earth magnet campus, with no binding volume or price commitments.
• VIVIFY claims its containerized Flying Pig unit delivers up to 1 MW of 99% emission-free output from a water-based input, but independent engineering validation is lacking.
• EM&T reports ~1,000 tonnes of annual magnet capacity in South Korea and has ordered 13 ULVAC machines targeting ~10,000 tonnes, with full capacity unlikely before end of 2027.
• Energy access is emerging as a critical bottleneck alongside feedstock and metallurgy in building a domestic rare-earth magnet supply chain.
• EMAT shares are down 84.41% year-to-date, underscoring the gap between strategic vision and investor confidence.