Neo Performance Materials

Materials/Manufacturing

Neo Awarded Grant for Rare Earth Magnet Plant in Estonia; Reports Prices Down from Record Highs but High Demand 

November 15, 2022 Editorial Staff Comments Off on Neo Awarded Grant for Rare Earth Magnet Plant in Estonia; Reports Prices Down from Record Highs but High Demand 

Despite prices for magnetic materials dropping recently from record highs, the outlook is strong for Neo Performance Materials’ plan to build a 100-million Euro rare earth magnet plant in Estonia. It recently received a sizeable government grant to support the effort, while higher-than-expected future demand is driving the company to consider expanding the plant’s capacity. […]

Materials/Manufacturing

Neo Performance Materials Seeks Rare Earths Lode in Greenland 

September 6, 2022 Editorial Staff Comments Off on Neo Performance Materials Seeks Rare Earths Lode in Greenland 

Neo Performance Materials has made a binding agreement with Hudson Resources to acquire an exploration license covering Hudson’s rare earth property in Greenland. The investment represents a key step in Neo’s mines-to-magnet vertical integration strategy and its plans to expand into rare earth permanent magnet manufacturing in Estonia. […]

e-Power Technology

Neo’s European Rare Earth Processing Plant Earns A Gold Medal From EcoVadis For Its 2021 Sustainability Efforts

April 25, 2022 Editorial Staff Comments Off on Neo’s European Rare Earth Processing Plant Earns A Gold Medal From EcoVadis For Its 2021 Sustainability Efforts

Neo Performance Materials Inc. is pleased to announce that its European rare earth and rare metal processing facility in Estonia – the only operating commercial rare earth separations and rare metal processing plant in the European Union – has been awarded a Gold Medal by EcoVadis for its 2021 sustainability programs. […]

Materials/Manufacturing

Neo Performance Materials and Energy Fuels Begin Shipments to Launch US-to-Europe Rare Earth Supply Chain

July 15, 2021 Editorial Staff Comments Off on Neo Performance Materials and Energy Fuels Begin Shipments to Launch US-to-Europe Rare Earth Supply Chain

Marking an important step in the creation of a new United States-to-Europe rare earth supply chain, the first container of mixed rare earth carbonate produced by Energy Fuels at its White Mesa Mill in Utah is en route to Neo Performance Material’s rare earth separations facility in Estonia. Additional shipments of the carbonate are expected to follow as Energy Fuels continues to process more of the natural monazite sand ore, mined in the American state of Georgia by Chemours, for both the rare earth elements and naturally occurring uranium that it contains. […]