Neo Performance Materials

Materials/Manufacturing

Greenland Mines Acquires Sarfartoq Rare Earth Project from Neo Performance Materials for $35M

June 2, 2026 Editorial Staff 0

The US-listed company announced it has agreed to acquire the Sarfartoq project in southwest Greenland from Neo Performance Materials. As a consideration, it will pay a total of $35 million, comprising $20 million cash and $15 million in newly issued shares. As part of the transaction, Neo Performance will receive offtake rights on up to 60% of future ore or mineral concentrate production from the Sarfartoq project […]

Materials/Manufacturing

Neo Forges AI Research Program in Estonia; Pursues Trans-Atlantic Recycling with Cyclic Materials 

May 21, 2026 Editorial Staff 0

Recent initiatives by Neo Performance Materials demonstrate how artificial intelligence and recycling are becoming two key elements in the modern magnetics industry. A global leader in rare earths and magnetic materials, and long considered an industry bellwether, Toronto-based Neo is pursuing new programs in both areas aimed at technical and supply chain advancements.  […]

Materials/Manufacturing

Neo Reports Robust Performance, New Euro PM Plant Nearing Completion, China Operation Sold to Shenghe Resources 

April 3, 2025 Editorial Staff Comments Off on Neo Reports Robust Performance, New Euro PM Plant Nearing Completion, China Operation Sold to Shenghe Resources 

Neo Performance Materials reported strong profit increases in its full-year financial report for 2024, issued March 18. Highlights for its Neo Magnequench unit included a solid gain in earnings despite lower revenues, and continued progress in the construction of its new permanent magnet plant in Europe. In a separate announcement, the company reported on April 1 that as part of a corporate streamlining effort it completed the sale of most of its interest in a rare earth separations operation in China for about $28 million to an affiliate of Shenghe Resources. […]

Materials/Manufacturing

Shenghe to Acquire Neo’s Separation Assets in China for $30 Million; Backs Peak’s Tanzania Project for $96 Million 

October 15, 2024 Editorial Staff Comments Off on Shenghe to Acquire Neo’s Separation Assets in China for $30 Million; Backs Peak’s Tanzania Project for $96 Million 

Chinese rare earths company Shenghe Resources continues to build its footrprint as a globally connected rare earths company. In two recent moves, it pledged to invest $96 million in Australian minerals firm Peak Rare Earths that provides critical funding for its mine development in Tanzania and agreed to pay Toronto-based Neo Performance Materials $30 million to acquire processing assets of Neo in China. […]

Materials/Manufacturing

Magnetic Materials Producers Report Impact of Rare Earth Price Declines 

August 22, 2024 Editorial Staff Comments Off on Magnetic Materials Producers Report Impact of Rare Earth Price Declines 

Recent declines in prices for rare earth magnetic materials are evident in the latest financial reports of leading producers, with the impact varying by their activities and positions in the market. This article deals with the quarterly reports for the three months ended June 30 which have been issued by three companies – MP Materials, Neo Performance Materials and Lynas Rare Earths.  […]