Neo Performance Materials Inc. is listed on the Toronto Stock Exchange under the ticker symbol “NEO.” A profitable, dividend-paying company with a strong balance sheet and robust cash-flow generation, Neo is well positioned in markets that are forecast to see robust, long-term growth driven by multiple global macro trends. These trends include vehicle electrification, industrial automation, consumer electronics, energy efficient lighting, air and water pollution control, and greater use of superalloys.
Neo Performance Materials and Energy Fuels are pleased to announce a new rare earth production initiative spanning European and North American critical material supply chains.
Neo will report its fourth-quarter results for the period ended December 31, 2020, before the Toronto market opens on Monday, March 22, 2021.
Neo Performance Materials is pleased to announce that it has completed the previously announced secondary offering of common shares, in which funds managed by Oaktree Capital Management, L.P. sold an aggregate of 5,175,000 Common Shares under the Offering at a price of $15.75 per share for total gross proceeds to the Selling Shareholders of approximately $81.5 million, including the full exercise of the over-allotment option.
Sustainability is not a buzzword at Neo. It is part of the DNA of our Company. Our advanced industrial materials are critical to technologies that reduce air and water pollution, achieve better fuel economy, increase energy efficiency, and reduce greenhouse gases and other air emissions. We also work hard to manufacture our products using sustainable practices that reduce environmental impacts throughout our supply chain. See examples of our commitment to sustainability in this video.