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 Performance Materials Inc. released its third quarter 2022 financial results.
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.
Neo has entered into an agreement with Paradigm Capital Inc., on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 4,500,000 common shares at an offering price of $15.00 per Common Share for gross proceeds of approximately $67.5 million.
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 reports that the nominees listed in the management information circular dated May 16, 2022, for the 2022 Annual Meeting of Shareholders were elected as directors of the Company
Neo announces the publication of its inaugural Sustainability Report which provides information to shareholders, customers, industry partners, employees, and stakeholders on the Company’s environmental, social, and governance performance in 2021.
Neo is pleased to announce that its high-purity heavy rare earth separations facility in Jiangyin (JAMR), China has reopened for full operations after being shut down for 12 days following a government-mandated and city-wide lockdown order.
Neo reported strong year-over-year gains in revenue, volumes, operating income, Adjusted EBITDA, and profitability in the year ended December 31, 2021.
Q3 2020 Highlights (unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars) $77.9 million in revenue Net income of
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