Latest news with #NeoPerformanceMaterials
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.
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
Yahoo
6 days ago
- Automotive
- Yahoo
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 Due to the potential Canadian postal disruption, shareholders requiring assistance in voting their shares, or to obtain replacement proxy materials, are encouraged to contact Neo's proxy solicitation agent and shareholder communications advisor, Laurel Hill Advisory Group, by calling 1-877-452-7184 (toll free in North America), 1-416-304-0211 (outside North America) or by email at assistance@ The following individuals are standing for election to the board of directors (the "Board") in connection with the Meeting: Hua Du, G. Gail Edwards, Edgar Lee, Eric Noyrez, Rahim Suleman, Paul A. Mascarenas, OBE, and Jonathan Evans. Two nominees, Messrs. Mascarenas and Evans are standing for election to the Board for the first time. Both individuals were identified, with the assistance of a global executive recruitment firm, through the Board's process of assessment and refreshment, intended to align the skills, experience and expertise on the Board with the needs and future development of the business. Mr. Mascarenas is a Venture Partner with Fontinalis Partners. He will bring extensive experience and expertise in automotive research and development, product development and manufacturing to the Board. Mr. Mascarenas spent 32 years at the Ford Motor Company, holding various development and engineering positions, and most recently served as Chief Technical Officer and Vice President, leading Ford's worldwide research organization. He is a past director of Mentor Graphics Corporation and automotive supplier BorgWarner Inc. (NYSE: BWA). He currently serves as a member of the board of directors at ON Semiconductor (NASDAQ: ON), the United States Steel Corporation (NYSE: X) and the Shyft Group (NASDAQ: SHYF). Mr. Evans is the President and Chief Executive Officer of Lithium Americas Corp. He will contribute his significant expertise in M&A, capital projects, financing arrangements and organizational restructuring. In addition, the extensive capital markets and investor relations experience he has developed in his current role will be an asset to the Board and management team. Mr. Evans has more than 20 years of operations and general management experience across businesses of various sizes and industry applications. Mr. Evans was previously the COO of DiversiTech Corporation and also held executive management roles at FMC Corporation (FMC: NYSE), Arysta LifeScience, AMRI Corporation and General Electric (GE: NYSE). Neo's Board Chair, Claire M.C. Kennedy, who has served as director of Neo since 2017 and Board Chair since 2020, will be retiring from the Board and will not stand for election at the Meeting. Ms. Kennedy played an important role in leading the Board during a critical period in Neo's development. In addition, director John McGarva, who joined the Board in 2024 as the independent nominee of Hastings Technology Metals Ltd., will also not stand for election at the Meeting. "Neo is pleased to present shareholders with a refreshed slate of director nominees that will support the Company and the management team on the exciting road ahead. In addition to our current directors, our new director nominees each bring a unique set of skills, relevant expertise, and industry experience that the Board believes will prove invaluable to Neo," said Claire Kennedy, Neo's Board Chair. "Over the past several years, I have been privileged to work with accomplished fellow directors and our talented management team. I look forward to Neo capitalizing on the current macro and geopolitical environment, delivering superior outcomes for our customers and maximizing value for Neo's shareholders." "On behalf of Neo, I would like to thank Claire and John for their service to the Company. Claire has made significant contributions to the Board and to Neo during a transformational period," said Rahim Suleman, Neo's Chief Executive Officer. "I would also like to recognize John for his insights and participation in Board deliberations." At the Meeting, Shareholders will also be asked to vote on the re-appointment of KPMG LLP as auditors of the Company for the ensuing year and to authorize the Board to fix the remuneration to be paid to the auditor. Shareholder Information and Questions Shareholders with questions regarding voting their shares should contact Neo's proxy solicitation agent and shareholder communications advisor, Laurel Hill Advisory Group, by calling 1-877-452-7184 (toll free in North America), 1-416-304-0211 (outside North America) or by email at assistance@ 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: the Meeting and matters relating thereto, including the election of directors and the future performance of Neo and its business, including in the context of the current macro and geopolitical environment. 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. 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 SOURCE Neo Performance Materials, Inc. 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Yahoo
22-05-2025
- Business
- Yahoo
Neo Performance Materials exits separation facilities in China
(Reuters) -Neo Performance Materials said on Thursday it has exited its China separation facilities, as the Canadian rare earths company aims to reduce geopolitical risk and price volatility while expanding in Europe and North America. The exit concludes a strategic review it launched last year. The company said it sold its majority stakes in two Chinese separation facilities, the value of which was not disclosed. China controls the vast majority of global rare earth processing, making the sector highly vulnerable to supply disruptions and price swings tied to trade tensions or domestic policy shifts. The rare earths company also divested its gallium trichloride business in Quapaw and closed the hydrometallurgy portion of its Niobium and Tantalum business. "The company is scaling its European magnet operations and evaluating additional supporting capabilities, such as heavy rare earth separations," Neo said in a statement. Neo expects its permanent magnet facility in Europe to be completed on time and on budget, and start commercial production in 2026. 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
Reuters
22-05-2025
- Business
- Reuters
Neo Performance Materials exits separation facilities in China
May 22 (Reuters) - Neo Performance Materials ( opens new tab said on Thursday it has exited its China separation facilities, as the Canadian rare earths company aims to reduce geopolitical risk and price volatility while expanding in Europe and North America. The exit concludes a strategic review it launched last year. The company said it sold its majority stakes in two Chinese separation facilities, the value of which was not disclosed. China controls the vast majority of global rare earth processing, making the sector highly vulnerable to supply disruptions and price swings tied to trade tensions or domestic policy shifts. The rare earths company also divested its gallium trichloride business in Quapaw and closed the hydrometallurgy portion of its Niobium and Tantalum business. "The company is scaling its European magnet operations and evaluating additional supporting capabilities, such as heavy rare earth separations," Neo said in a statement. Neo expects its permanent magnet facility in Europe to be completed on time and on budget, and start commercial production in 2026.
