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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 throwaway11on Sep 08, 2024 12:26am
122 Views
Post# 36213553

RE:RE:RE:RE:where the heck is neo

RE:RE:RE:RE:where the heck is neoFrom this article:

"The new facility, scheduled for completion in 2025, is expected to be the first sintered magnet plant to come online outside of Asia. It will produce 2,000 tonnes per year of magnets in Phase 1, enough to supply approximately 1 to 1.5 million electric and hybrid vehicle traction motors. Phase 2 of the project is expected to see around 5,000 tonnes/year, enough for 4.5 million electric cars.

The volumes represented by the new supply order will be approximately 35% of Phase 1 magnet capacity, with production revenues projected for the second half of 2026 through 2033, and peak supply to the customer expected in 2029."

Personally I am speculating the market at large is going to correct somewhat in the near future and currently don't have a position so I'll wait to begin entering to see if progress occurs as planned.
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