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Get filing alertsEvolution Metals orders rare earth production furnaces from ULVAC Korea, delivery by Nov 2026
Filed May 14, 2026 · Period ending May 13, 2026 · ~1 min read
Key Changes
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Subsidiary Evolution Metals LLC signed 8 equipment contracts with ULVAC Korea for vacuum induction melting furnaces (50kg and 600kg capacity) and continuous vacuum sintering furnaces to expand rare earth metal and permanent magnet production capacity.
Item 1.01 verify on EDGAR → -
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All equipment must be delivered to Republic of Korea by November 30, 2026, suggesting production capacity could be operational by year-end 2026, potentially impacting 2027 production volumes and revenue.
Item 1.01 verify on EDGAR → -
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Payment structured in four milestone-based installments starting May-July 2026, with final payment due 30 days after delivery. Total contract value not disclosed due to confidential terms redacted from public filing.
Item 1.01, Exhibits 10.1-10.8 verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 25, 2026 · How we verify