Latest news with #NEO
Cision Canada
3 days ago
- Business
- Cision Canada
Neo Performance Materials Hosts Prime Minister of Estonia at the New Permanent Magnet Facility in Narva
TORONTO, May 29, 2025 /CNW/ - Neo Performance Materials Inc. (" Neo") (TSX: NEO) welcomed the Prime Minister of Estonia to its new European magnet facility in Narva. The Prime Minister was received by Greg Kroll, Neo's EVP for Magnequench, and the team responsible for equipment commissioning and overseeing production for our automotive customers. Neo will host an opening ceremony in September 2025, with the employees who have led this project, customers, government leaders from across the EU, senior diplomats from supply chain partner countries, investors, and media. Prime Minister Kristen Michal wrote on his social media: " We will make decisions that will help Estonia be a country with convenient business operations, few restrictions and a competitive tax system, where the industries of the future can be built. Neo Performance Materials is a good example of where we are heading. Neo Performance Materials is very ambitious and positive, I wish you much success and great ideas for the future!" Neo's EVP for Magnequench, Greg Kroll, said: "The Prime Minister's early visit symbolizes the importance of Neo's establishment of an integrated rare earth separation and magnetics hub in Estonia for European automotive and renewable energy supply chains. We also welcome the commitment to continue partnering with the government to unlock more opportunities and remove barriers for Neo's accelerated growth plan." On time and on budget, Neo continues to achieve significant milestones in the global expansion of its magnetics capabilities. In Phase 1 of its facility expansion, Neo successfully executed a multi-stage production process—from raw materials to final assembly—to deliver a high-performance magnet tailored for a specific traction motor platform. Phases 2 and 3 will continue Neo's growth with expanded and new facilities in Estonia and elsewhere, highlighting Neo's advanced technical and operational strength, driven by a deeply experienced global team. Leveraging over 30 years of rare earth magnetics expertise and cutting-edge lab capabilities, Neo's new facility in Estonia marks a critical step forward in one of the most strategically crucial permanent magnet projects in Europe and globally. This strategy aims to scale magnet manufacturing across Europe and beyond, advancing Neo's mission to build resilient, parallel global supply chains for rare earth magnetics and other critical materials, serving rapidly accelerating markets. About Neo Performance Materials Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo's advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo's products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities in Canada, China, Estonia, Germany, Thailand and the United Kingdom, as well as a dedicated research and development centre in Singapore. For more information, please visit Cautionary Statements Regarding Forward Looking Statements This news release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Specific forward-looking statements in this news release include, but are not limited to, the completion of construction and commissioning and launch of operations of the facility in Narva; integration of operations of the new facility in Narva, Estonia and Neo's rare earth separation facility in Sillamäe, Estonia; and other matters relating thereto. In making the forward-looking information in this news release, the Company has applied certain factors and assumptions that are based on its current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information. There are many risk factors associated with the negotiation and drafting of a definitive offtake agreement and the terms and conditions of such agreement. A number of factors could cause actual results to differ materially from those anticipated by the Company, including but not limited to the risks and uncertainties inherent in the nature of the Transaction, including the risks of a material adverse change to the Company's assets or revenues, or risks of unknown liabilities that may arise. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law. For more information on Neo, investors should review Neo's continuous disclosure filings that are available under Neo's profile at SOURCE Neo Performance Materials, Inc.
Business Wire
5 days ago
- Business
- Business Wire
Tech-Forward Mortgage Pro Beny Rabuchin Joins NEO Home Loans to Scale with AI Innovation
NEW YORK--(BUSINESS WIRE)-- NEO Home Loans, powered by Better, a modern mortgage lender built for the next generation of advisors, proudly announces the addition of tech-forward mortgage professional Beny Rabuchin to its growing roster of high-performing talent. Rabuchin, a tech-savvy mortgage advisor, left Movement Mortgage for NEO Home Loans in order to scale with artificial intelligence and innovation. Beny Rabuchin, a tech-savvy mortgage advisor, left Movement Mortgage for NEO Home Loans in order to scale with artificial intelligence and innovation. Share Rabuchin served 59 families, totaling $35 million in 2024, but he's not slowing down. Known for his analytical mindset and ability to adapt quickly to new technologies, he joined NEO to elevate both the efficiency and impact of his business. Rabuchin sees the company's smart operating model — powered by its proprietary AI intelligent LOS, Tinman™ — as the catalyst for exponential growth. 'From what I can see, Tinman™ is going to be a game changer,' said Rabuchin. 'It's already helping me work more efficiently, and I anticipate a 25% increase in my business in year one, with up to 75% growth by year two. That level of scale just wasn't possible in previous environments.' Rabuchin has always differentiated himself through education-driven advising, partnering only with referral partners who share his values around client service. But even with that foundation, he felt limited by outdated systems and rigid structures. NEO offered something different, not just the tools to move faster, but the transparency and leadership access to shape what comes next. 'For me, it's not just about having tech, it's about using it the right way,' he said. 'NEO isn't just different in philosophy. It's different in how it equips advisors to lead, grow, and stand out. This model finally gives me the support and freedom to be the advisor I've always wanted to be. That's the kind of environment where I thrive.' NEO leadership sees Rabuchin as a strong cultural fit and a key part of a rising group of mortgage advisors driving West Coast growth who seek more than just leads. Tech-savvy advisors want intelligent platforms, full visibility, and a voice in shaping the future and that's what we provide. 'Beny represents where this industry is heading,' said Ryan Grant, President of NEO Home Loans. 'He's not only a top producer, he's someone who sees technology as a lever to deliver more value to clients and partners. We're proud to have him on board.' Based in Bend, Oregon, Rabuchin will continue serving his clients with a high-touch, advisory-first approach, now powered by one of the most advanced platforms in the industry. Ready to scale with AI, coaching, and the best platform in the business? Top producers don't wait— they join NEO. About NEO Home Loans, powered by Better NEO Home Loans, powered by Better, is a next-generation mortgage lender redefining the industry through education, economic transparency, financial empowerment, lead generation and technology innovation. Built for mortgage advisors who want entrepreneurial freedom and clients who want more than a transaction, NEO is setting a new standard in lending.
Yahoo
5 days ago
- Business
- Yahoo
Tech-Forward Mortgage Pro Beny Rabuchin Joins NEO Home Loans to Scale with AI Innovation
Top 1% producer Rabuchin is leveraging NEO's proprietary technology to fuel 75% growth over the next two years. NEW YORK, May 27, 2025--(BUSINESS WIRE)--NEO Home Loans, powered by Better, a modern mortgage lender built for the next generation of advisors, proudly announces the addition of tech-forward mortgage professional Beny Rabuchin to its growing roster of high-performing talent. Rabuchin, a tech-savvy mortgage advisor, left Movement Mortgage for NEO Home Loans in order to scale with artificial intelligence and innovation. Rabuchin served 59 families, totaling $35 million in 2024, but he's not slowing down. Known for his analytical mindset and ability to adapt quickly to new technologies, he joined NEO to elevate both the efficiency and impact of his business. Rabuchin sees the company's smart operating model — powered by its proprietary AI intelligent LOS, Tinman™ — as the catalyst for exponential growth. "From what I can see, Tinman™ is going to be a game changer," said Rabuchin. "It's already helping me work more efficiently, and I anticipate a 25% increase in my business in year one, with up to 75% growth by year two. That level of scale just wasn't possible in previous environments." Rabuchin has always differentiated himself through education-driven advising, partnering only with referral partners who share his values around client service. But even with that foundation, he felt limited by outdated systems and rigid structures. NEO offered something different, not just the tools to move faster, but the transparency and leadership access to shape what comes next. "For me, it's not just about having tech, it's about using it the right way," he said. "NEO isn't just different in philosophy. It's different in how it equips advisors to lead, grow, and stand out. This model finally gives me the support and freedom to be the advisor I've always wanted to be. That's the kind of environment where I thrive." NEO leadership sees Rabuchin as a strong cultural fit and a key part of a rising group of mortgage advisors driving West Coast growth who seek more than just leads. Tech-savvy advisors want intelligent platforms, full visibility, and a voice in shaping the future and that's what we provide. "Beny represents where this industry is heading," said Ryan Grant, President of NEO Home Loans. "He's not only a top producer, he's someone who sees technology as a lever to deliver more value to clients and partners. We're proud to have him on board." Based in Bend, Oregon, Rabuchin will continue serving his clients with a high-touch, advisory-first approach, now powered by one of the most advanced platforms in the industry. Ready to scale with AI, coaching, and the best platform in the business? Top producers don't wait—they join NEO. About NEO Home Loans, powered by BetterNEO Home Loans, powered by Better, is a next-generation mortgage lender redefining the industry through education, economic transparency, financial empowerment, lead generation and technology innovation. Built for mortgage advisors who want entrepreneurial freedom and clients who want more than a transaction, NEO is setting a new standard in lending. View source version on Contacts For media inquiries, please contact: NEO Public Relations(425) 748-7088media@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
6 days ago
- Business
- Globe and Mail
Neo Announces Filing of Management Information Circular and Nominees for Annual General Meeting of Shareholders
TORONTO, May 26, 2025 /CNW/ - Neo Performance Materials Inc. (" Neo" or the " Company") (TSX: NEO) today announced that the Company has filed its management information circular (the " Circular") and related materials for Neo's annual general meeting of shareholders to be held on June 26, 2025 at 4:00 p.m. (Toronto time) at 40 King Street West, Suite 2400, Toronto, Ontario, Canada (the " Meeting"), under Neo's profile on SEDAR+ at and on the Company's website at
Cision Canada
22-05-2025
- Business
- Cision Canada
Neo Concludes Strategic Review and Accelerates Current Strategic Path
TORONTO, May 22, 2025 /CNW/ - Neo Performance Materials Inc. (" Neo" or the " Company") (TSX: NEO) today announced that the board of directors of Neo (the " Board"), on the recommendation of Neo's special committee (the " Special Committee") of independent directors, has determined to continue to accelerate the execution of Neo's current strategic plan with a focus on building upon Neo's long-standing leadership in rare earth magnetics and critical materials. The strategic review process was initiated in June 2024 to assess opportunities to maximize shareholder value, including the current strategy of the business, opportunities to optimize its portfolio, Neo's approach to capital allocation, and the potential for an en bloc sale of the Company or asset level transactions. Upon completing its determination, the Board stated: "Neo is at an important inflection point with substantial momentum in its projects and its recent performance validates Neo's focus on downstream opportunities, with significantly less exposure to rare earth price volatility. As the Special Committee evaluated a number of alternatives in the course of the strategic review, it concluded that there were opportunities for value creation through the accelerated execution of Neo's strategic plan and that the deal completion risks associated with an en bloc sale were significant given current geopolitical dynamics. Neo's end markets continue to grow as its customers see a growing need for a diversified supplier base. The Company is scaling its European magnet operations and evaluating additional supporting capabilities, such as heavy rare earth separations. Neo also continues to achieve enhancements in its cost of capital, capital efficiency, and its long-term return on capital by exiting low profitability businesses and allocating capital to more attractive growth opportunities. The Board is confident in Neo's strategic direction and the management team's ability to unlock value for all shareholders." Key Findings of the Strategic Review Potential for En Bloc Sale: The Special Committee and its financial advisors conducted a comprehensive outreach to strategic and financial counterparties and considered potential en bloc sale opportunities. After giving consideration to the potential value available and in light of the associated transaction risks, including in the context of the current geopolitical environment, the Board determined to end the strategic review process and continue to execute on the Company's strategy. Strategy for Advancing the Business: The Special Committee determined that becoming a premier global supplier of rare earth permanent magnets and critical materials is a transformative and value maximizing strategy for the Company. In this regard, the Company's permanent magnet facility in Europe is expected to be completed on time and on budget and start commercial production in 2026. Neo has executed numerous off-take agreements with upstream providers, has begun engineering and design for a pilot heavy rare earth separation line in Europe expanding on its light rare earth capabilities already in production and will look to expand its production capacity in Europe and elsewhere (including the US). Portfolio Optimization: The Special Committee recommended ongoing asset optimization to simplify and focus the business while unlocking value for shareholders. During the course of the strategic review process Neo successfully completed sales of its majority equity interest in non-core Chinese separation facility assets, known as JAMR and ZAMR, at premium valuations, divested its Gallium Trichloride business in Quapaw and closed the hydrometallurgy portion of its Niobium and Tantalum business. Neo also completed the construction of its world class and highly automated emissions catalyst facility, which is currently running at scale and has qualified products with all of its customers. Capital Allocation: Neo maintains a strong balance sheet and liquidity position. Neo's exit from its China separation facilities reduces its exposure to volatile pricing and freed up working capital and cash balances in China. Substantial completion of major capital projects and securing favourable loans and government grants have reduced Neo's capital exposure. The Board intends to maintain Neo's current dividend policy and, subject to approval by the Toronto Stock Exchange, re-institute a normal course issuer bid. About Neo Performance Materials Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo's advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo's products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as one dedicated research and development centre in Singapore. For more information, please visit Cautionary Statements Regarding Forward Looking Statements This news release contains "forward-looking information" within the meaning of applicable securities laws in Canada. Forward-looking information may relate to future events or future performance of Neo. All statements in this news release, other than statements of historical facts, with respect to Neo's objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions are forward-looking information. Specific forward-looking information in this press release include, but are not limited to: expectations regarding certain of Neo's future results, business and operations, including, among other things, the acceleration of Neo's current strategic plan with an increased focus on building upon Neo's leadership in rare earth magnetics and critical minerals; expectations regarding reduced exposure to rare earth price volatility; anticipated growth in Neo's end markets; scaling of Neo's European magnet operations, including the anticipated completion date and reaching scale commercial production in 2026; expansion of production capabilities of Neo's light rare earth capabilities in Europe and elsewhere (including the US); enhancements in cost of capital, capital efficiency and long term return on capital by exiting low profitability businesses and allocating capital to more attractive growth opportunities; reduced exposure to volatile pricing and improved working capital and cash balances; further optimization of Neo's asset base; and Neo's intention to commence a normal course issued bid, subject to approval from the Toronto Stock Exchange. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Neo believes the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information included in this discussion and analysis should not be unduly relied upon. For more information on Neo, investors should review Neo's continuous disclosure filings available under its profile at Information contained in forward-looking statements in this press release is provided as of the date hereof and Neo disclaims any obligation to update any forward-looking information, whether as a result of new information or future events or results, except to the extent required by applicable securities laws. SOURCE Neo Performance Materials, Inc.
