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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.
Financial Results Filings
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.
Neo Performance Materials (TSX: NEO) announced today that the Toronto Stock Exchange has accepted a notice filed by Neo of its intention to make a Normal Course Issuer Bid for up to 3,585,011 of its issued and outstanding common shares. In connection with the Bid, the Company has entered into an automatic share purchase plan with its designated broker to allow for purchases of its Shares.
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.
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.
Neo’s inaugural Sustainability Report provides details on the Company’s environmental, social, and governance performance in 2021. The Report also launches a formal reporting process that helps to explain and document Neo’s ongoing efforts to help fast-forward the world’s transition to a more sustainable and less carbon-centric future.
The report also highlights the many examples of how Neo’s rare earth and rare metal-based products are critical to the performance of many everyday and emerging products and technologies that advance sustainability and environmental protection.
Neo Performance Materials conducted its 2023 Annual General and Special Meeting of shareholders at 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, on Thursday, June 8, 2023, at 4:00 p.m. (Toronto time). Documents related to the meeting can be downloaded below:
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