Latest Neo Performance Materials News & Updates

See the latest news and media coverage for Neo. We track all announcements, press releases, and industry mentions in real time, all in one place.

Neo Performance Materials (Neo)

Advanced industrial materials manufacturer

neomaterials.com

Headquarters: Toronto, Canada
Founded year: 2018
Company type: Public company
Number of employees: 1,000–5,000
Industry: Specialty Chemicals

Last updated October 20

Latest news about Neo Performance Materials (Neo)

In short: Neo secured a €126 million EU grant and started commercial magnet production in Estonia.

Company announcements

October 20 Neo

Neo secures EU grant for rare earth magnet capacity expansion

Project GAUSS receives up to €126 million to add 3,000 tonnes annually of permanent magnet manufacturing in Estonia.

October 14 Neo

Neo's Silmet 2.0 gains EU strategic project status

The modernized rare earth separation facility in Estonia triples capacity, securing local supply for European electric vehicles and electronics.

September 24 Neo

Neo signs MOU with Rainbow Rare Earths for offtake

The agreement secures rare earth supply from South African phosphogypsum for Neo's European operations through technical support and offtake rights.

September 14 Neo

Neo ships first commercial magnets in Estonia

The facility supplies rare earth sintered magnets to a Tier 1 EV customer, with two more programs starting production by year-end.

Media coverage

October 19 Mining Weekly

Neo secures €126m grant from EU Innovation Fund ahead of permanent magnet scale-up

TSX-listed permanent magnet producer Neo Performance Metals has secured an EU Innovation Fund grant for up to €126-million, or $141-million. The funding will support an...

October 12 The Globe and Mail

Greenland Mines (NASDAQ: GRML) Welcomes EU Strategic Project Designation for Neo Performance Materials Silmet 2.0

Detailed price information for Greenland Mines Ltd (GRML-Q) from The Globe and Mail including charting and trades.

September 24 MSN

Toronto’s Neo secures 40% of NdPr output in new rare-earth deal tied to EV motors

Toronto-based Neo Performance Materials is moving to lock down another source of the rare-earth materials that sit deep inside the electric-vehicle supply chain. The company...

September 13 Fastmarkets

Neo begins commercial shipments from Estonia rare earth magnet plant

Explore the significance of rare earths in building Europe's magnet industry for automotive and renewable energy.

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