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Neo Performance Materials Inc T.NEO

Alternate Symbol(s):  NOPMF

Chemicals Specialty Chemicals
Neo Performance Materials Inc. is a Canada-based company that provides advanced industrial materials, rare earth magnetic powders and magnets, specialty chemicals, metals, and alloys. The Company's business segments include Magnequench, Chemicals and Oxides (C&O) and Rare Metals (RM). The Magnequench segment production of permanent magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron (NdFeB or neo) magnets. The C&O segment manufactures and distributes a broad range of advanced industrial materials. The RM segment sources, reclaims, produces, refines, and markets specialty metals and their compounds. These products include both high-temperature metals (tantalum, niobium, hafnium and rhenium) and electronic metals (gallium and indium). These powders and bonded permanent magnets are used in motors, which are used in various automotive applications for hybrid, electric and internal combustion engine vehicles, and micro motors for household applications.


TSX:NEO - Post by User

Neo Performance Materials Inc
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Post by PressReleaseon Jul 07, 2023 7:00am
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Post# 35530416

New Press Release - Neo Launches Construction of European Permanent Rare Earth Magnet Plant to Support EV and Wind Turbine Manufacturing

New Press Release - Neo Launches Construction of European Permanent Rare Earth Magnet Plant to Support EV and Wind Turbine Manufacturing
Plant will support circular economics by recycling end-of-life magnets and recovering magnet 'swarf' created in the manufacturing processPhase 1 production of 2,000 tonnes/year is slated to begin in 2025, an amount that can support the manufacturing of ~1.5 million electric cars.Neo's expected...read article.
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