Latest news with #NeoPerformanceMaterialsInc
Cision Canada
8 hours ago
- Business
- Cision Canada
Neo Announces Voting Results from Annual General Meeting of Shareholders
TORONTO, June 26, 2025 /CNW/ - Neo Performance Materials Inc. (" Neo" or the " Company") (TSX: NEO) reports, in accordance with the policies of the Toronto Stock Exchange, the results of the matters put before shareholders for consideration and approving at the Company's annual general meeting of shareholders, as described in the management information circular dated May 21, 2025 are set out below. A total of 25.6 million common shares were voted in person or by proxy, representing 61.2% of the outstanding common shares. Shareholders voted as follows: 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. 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.
Yahoo
06-06-2025
- Business
- Yahoo
OTC Markets Group Welcomes Neo Performance Materials Inc to OTCQX
NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Neo Performance Materials Inc (TSX: NEO; OTCQX: NOPMF), a manufacturer of the building blocks of many modern technologies that enhance efficiency and sustainability, has qualified to trade on the OTCQX® Best Market. Neo Performance Materials Inc upgraded to OTCQX from the Pink® market. Neo Performance Materials Inc begins trading today on OTCQX under the symbol 'NOPMF.' U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Neo's CEO, Rahim Suleman, said: "We are pleased to begin trading on OTCQX, which enhances Neo's visibility and accessibility for U.S. investors. As a global leader in advanced rare earth materials, with a strong balance sheet and a growing magnetics business in Europe, we are well-positioned to support the accelerating demand for critical materials in electrification and other modern technologies. Trading on OTCQX provides an additional platform to broaden our shareholder base as we continue to execute on our strategic priorities and drive long-term value." About Neo Performance Materials IncNeo 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. About OTC Markets Group Inc. OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets. OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit Subscribe to the OTC Markets RSS Feed Media Contact:OTC Markets Group Inc., +1 (212) 896-4428, media@ in to access your portfolio
Cision Canada
28-04-2025
- Automotive
- Cision Canada
Neo Performance Materials Ships First Magnet Samples Produced at New European Facility to its Tier 1 Traction Motor Customer
TORONTO, April 28, 2025 /CNW/ - Neo Performance Materials Inc. (" Neo") (TSX: NEO) is pleased to announce that its new permanent magnet facility in Estonia has shipped sintered magnet samples for a Tier 1 traction motor customer meeting specific magnetic properties. This milestone marks a significant step forward in Neo's commitment to providing high-performance materials for the electric vehicle (" EV") market. Key Highlights: Neo has produced 18,000 assembled magnet pieces as part of the initial production samples. The magnets are EV traction motor grade and represent an important technical milestone. The magnet samples will be assembled into traction motors for performance testing by the Tier 1 customer and OEM. Production part approval process (PPAP) products are scheduled for the first half of 2026, with mass production to start later in that year. With over 30 years of experience in rare earth magnetics, Neo has built a reliable global supply chain that enhances its ability to serve the automotive sector. This deep industry expertise is expected to position Neo to successfully scale its new sintered magnet facility in Narva, Estonia, and support growing demand. The facility is strategically located near Neo's rare earth separation facility in Sillamäe, Estonia, which is expected to allow for vertical integration of operations and efficient production processes in the future. Neo's CEO, Rahim Suleman, said: "We are excited to announce this major milestone at our European magnet facility. Delivering the first product from a new facility is a momentous occasion. We take pride in our team's dedication and hard work in winning the award, completing construction on time and on budget, and successfully transitioning the facility into operational mode. This was a global effort for Neo with our engineering and production teams in Estonia working hand-in-hand with our R&D and development teams in Singapore, Thailand and Europe. We also sincerely thank our customers for their unwavering support and partnership throughout this journey. Their collaboration has been instrumental in helping us achieve this milestone." The facility is projected to have an initial production capacity of 2,000 metric tonnes annually, with plans to scale to 5,000 metric tonnes annually. This US$75 million facility was supported by an up to €18.7 million grant from the EU's Just Transition Fund and a US$50 million credit facility from Export Development Canada, with construction to be completed in 2025. European Commission President Ursula von der Leyen recognized the facility as a significant advancement for Estonia and Europe at the groundbreaking in June 2023. The facility represents one of Europe and the world's most strategic critical materials projects in rare earth magnetics outside of Asia. The expansion will help Neo meet strong demand for high-performance magnets in EVs and other applications. 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
17-04-2025
- Business
- Globe and Mail
Media Advisory - Neo Performance Materials Inc. First Quarter 2025 Earnings Release & Webcast
TORONTO , /CNW/ - Neo Performance Materials Inc. (" Neo" or the " Company") (TSX: NEO) will report its first-quarter results for the period ended March 31, 2025 , before the Toronto market opens on Friday, May 9, 2025 . Webcast and Teleconference Call Management will host a webcast on Friday, May 9, 2025 , at 10:00 a.m. (Eastern Time) to discuss the first quarter 2025 results. Interested parties may access the webcast by visiting A teleconference option is available by calling 1-416-945-7677 (local) or 1-888-699-1199 (toll-free long distance) or by visiting A webcast recording may be accessed by visiting A teleconference recording may be accessed by calling 1-289-819-1450 (local) or 1-888-660-6345 (toll-free long distance) and entering passcode 40582# until June 9, 2025 . 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
Yahoo
19-03-2025
- Business
- Yahoo
Neo Performance Materials Inc (NOPMF) Q4 2024 Earnings Call Highlights: Strong EBITDA Growth ...
Revenue: $135 million for Q4 2024; $476 million for the full year 2024. Adjusted EBITDA: $21 million for Q4 2024; $64 million for the full year 2024, exceeding guidance. Adjusted Net Income: $5 million for Q4 2024; $2 million for the full year 2024. Diluted Adjusted EPS: Negative $0.12 for Q4 2024; Positive $0.05 for the full year 2024. Cash Flow from Operations: $52 million generated in 2024. Cash Position: Ended 2024 with $85 million in cash. Gross Margin Expansion: 900 basis points increase for the year. Magnequench Volume Growth: Sales increased 1% in Q4 and 8% for the full year 2024. Rare Metals EBITDA Growth: $28 million year-over-year increase. Debt Financing: Secured to optimize capital structure. Capital Expenditure: Approximately $60 million invested in new facilities in 2024. Future Funding: Estimated remaining cash spend of $36 million for ongoing projects in 2025. 2025 Adjusted EBITDA Guidance: $55 million to $60 million. Warning! GuruFocus has detected 7 Warning Signs with NOPMF. Release Date: March 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Neo Performance Materials Inc (NOPMF) reported exceptional financial performance in 2024, with adjusted EBITDA exceeding guidance and growing over 70% year-over-year to $64 million. The company achieved significant working capital improvements, generating $52 million of cash flow from operations, which helped fund strategic projects. Neo Performance Materials Inc (NOPMF) successfully executed two major capital projects: the Emissions Control Catalyst plant and the European Permanent Magnet facility, both on time and under budget. The company has diversified its rare earth supply by securing additional contracts with sources outside of China, reducing geopolitical risks. Neo Performance Materials Inc (NOPMF) maintained a strong balance sheet with $85 million in cash and ample liquidity, positioning the company for accelerated growth. The Chemicals and Oxides segment underperformed due to weakness in the separation business and the short-term impact of relocating the emission catalyst facility. Revenue declined 17% year-over-year, largely due to declining rare earth prices, despite higher prices and volumes in other areas. The company faces potential liability from a court ruling on an intellectual property case, with damages amounting to EUR10.3 million plus interest. There is uncertainty regarding the outcome and timing of the strategic review process, which may not result in any transaction or alternative. The company anticipates some margin normalization in the Rare Metals segment as hafnium prices have stabilized. Q: Rahim, my first question is about the Phase 3 magnet facility. Will all production come out of Narva, or are you considering another location outside of Estonia? A: Phase 2 is likely to stay in Estonia to leverage existing capital and infrastructure. However, Phase 3 and Phase 4 will likely be outside of Europe. The market is large, and we are well-positioned; it's about finding the right timing to execute these programs. Q: What should we model for the ramp-up in Estonia for 2026? Is it 10%, 20%, 30% of capacity, and is full ramp by 2028 still the target? A: We expect to win more programs in 2025, with some launching in 2026 and others in 2027. It's hard to specify 2026 numbers, but the facility will ramp quickly with significant customer interest. Q: Are the incremental orders due to tariffs, or is it because you're nearing completion and opening more of your order book? A: It's not due to tariffs but rather fundamental demand. While 90% of magnets are made in China, customer behavior is the most indicative growth driver. The interest and opportunities we're seeing are large and impressive. Q: Are you seeing a premium reflected due to uncertainty about magnets coming out of China in the future? A: The industry is competitive, and while there are dialogues around premiums, the size of these premiums isn't generally discussed. Our significant advantage lies in our experience, customer trust, and integrated position. Q: With European tariffs, do you think they can be passed on and worked into the product price, or will it make things tougher? A: There are two factors: the US having an independent supply chain and the relative impact of tariffs. Most products we ship to the US come from Europe, not China. We believe we're well-positioned regarding tariffs and supply chain independence. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
