A joint communiqué has been issued in support of expanding valued-added rare earth product manufacturing in Estonia.
Neo Performance Materials has completed the previously announced treasury and secondary offering of common shares of the Company, issuing and selling from treasury an aggregate of 2,598,000 Common Shares at a price of $19.25 per share for total gross proceeds to the Company of approximately $50.01 million.
Neo Performance Materials (TSX:NEO) reported strong year-over-year gains in revenue, volumes, operating income, Adjusted EBITDA, and profitability in the quarter ended September 30, 2021, driven largely by increased demand for products across all three of its operating divisions, higher selling prices for rare earth materials, and continuing progress in several of the Company’s strategic initiatives.
Neo Performance Materials Announces $87.5 Million Bought Deal Treasury and Secondary Offering of Common Shares
Neo has become a participant in the United Nations Global Compact, the world’s largest corporate sustainability initiative, and has committed to implementing the Global Compact’s 10 Principles on human rights, labour, environment and anti-corruption.
Neo Performance Materials Inc. (TSX: NEO) released its second-quarter 2021 financial results, reporting a record $135.1 million of revenue with very strong profitability.
Neo Performance Materials (TSX:NEO) will report its second quarter results for the period ended June 30, 2021 before the Toronto market opens on Thursday, August 12, 2021.
In this newly released video, Neo’s Constantine Karayannopoulos expounds on the business strategy behind the launch of a new rare earth supply chain to feed Neo’s Silmet processing facility in Estonia, the only commercial rare earth processing facility in Europe.
Physical shipment of commercial quantities of rare earths from Energy Fuels’ White Mesa Mill in Utah to Neo Performance Materials’ plant in Estonia represents