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Neo Performance Materials Inc T.NEO

Alternate Symbol(s):  NOPMF

Neo Performance Materials Inc. is a Canada-based company, which is engaged in the green energy transition by manufacturing the building blocks of many technologies that enhance sustainability. The Company's segments include Magnequench, Chemicals and Oxides (C&O), Rare Metals and Corporate. The Magnequench segment manufactures bonded neodymium-iron-boron (NdFeB or neo) powders and bonded permanent magnets. This segment produces bonded magnets (Magnequench Magnets) made from its various Magnequench powder grades. The C&O segment manufactures and distributes a range of advanced industrial materials. Applications from these products include automotive catalysts, permanent magnetics, medical devices, and wastewater treatment. The Rare Metals 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).


TSX:NEO - Post by User

Comment by blindpigon Oct 26, 2023 11:53am
141 Views
Post# 35702246

RE:RE:Hope western governments have this stock on a list.

RE:RE:Hope western governments have this stock on a list.The former CEO commented on this a few times and more or less dismissed the idea.  Using cheaper ferrite magnets may save money, but with a significant performance loss.  Maybe for some lower end EV's it could be possible, but performance and range is still mostly important.  In the overall cost of an EV how significant is the cost of the RE magnets??  NEO's net working capital less long term debt is over $8 a share so all property, plants, and knowhow come for free at the current share price. I'm take the 5.7% dividend and wait for the market to appreciate the long runway they have for increased sales and profits.
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