neo materials

Neo Materials Rare Earth Magnet Facility In Europe

Neo Launches Construction of Permanent Rare Earth Magnet Facility

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.

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Neo Performance Fourth Quarter 2023 Earnings Release

Neo Announces CEO Succession

Neo announces that Constantine Karayannopoulos will retire from Neo in July 2023 and will be succeeded by Neo President and Interim Chief Financial Officer Rahim Suleman.

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Neo Performance Materials Offering Shares To Shareholders

Neo Performance Materials Announces $70.9 Million Bought Deal Secondary Offering of Common Shares

Neo is pleased to announce that it and funds managed by Oaktree Capital Management, L.P. have 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, from the Selling Shareholders 4,500,000 common shares of the Company at a price of $15.75 per Common Share.

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