Neo Performance Materials Reports Third Quarter 2023 Results
November 10, 2023
Neo Performance Materials Inc. (TSX: NEO) released its third quarter 2023 financial results today.
Neo Performance Materials Inc. (TSX: NEO) released its third quarter 2023 financial results today.
Neo Magnequench, a division of Neo Performance Materials Inc. (“Neo” or the “Company”) (TSX: NEO), is pleased to announce the launch of its new first rare earth magnet manufacturing facility in Europe. Based in Narva, Estonia, the plant expects to support the development of about 1.5 million electric cars by 2025. Additional applications include wind turbine manufacturing and other clean transportation, and energy solutions.
Hastings Technology Metals and Neo Performance Materials sign a non-binding Heads of Agreement, outlining the framework for the parties to negotiate a binding commercial offtake agreement for the supply of rare earth concentrate from Stage 1 of the Yangibana Rare Earths Project.
Neo Performance Materials and Hudson Resources advance the Greenland Sarfartoq rare earth project after receiving government approval for license transfer.
Neo has acquired a controlling interest in SG Technologies Group Limited, one of Europe’s leading advanced, specialty manufacturers of rare-earth-based and other high-performance magnets for industrial and commercial markets.
Neo Performance Materials announces that effective January 1, 2023, Rahim Suleman, the Company’s current Chief Financial Officer, will assume the role of President.
Neo has been awarded a grant of up to 18.7 million Euros from the Government of Estonia under Europe’s Just Transition Fund to help pay for the cost of constructing a state-of-the-art sintered rare earth permanent magnet manufacturing facility in Estonia.
Hudson Resources and Neo Performance Materials sign agreement on the Sarfartoq Rare Earth Element Project In Greenland.
Neo has entered into a loan agreement with Export Development Canada for a term loan of up to US$75 million to finance the relocation, expansion, and sustainability upgrades to one of its environmental emissions catalyst manufacturing facilities.
Neo Performance Materials (TSX:NEO) reports record second quarter 2022 results.
