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.

TORONTO, April 17, 2025 /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. 

TORONTO, April 4, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) has signed a non-binding memorandum of understanding (the "MOU") with Globe Metals & Mining Ltd. ("Globe") (ASX: GBE) for the offtake of up to 150 metric tonnes per year (MTPY) of niobium pentoxide from the Kanyika Niobium Project in Malawi (the "Kanyika Project").

Key Highlights

The MOU provides the framework for the parties to negotiate a binding commercial offtake agreement for the supply of niobium pentoxide from Globe's Kanyika Project in Malawi.Under the contemplated offtake agreement, NPM Silmet OÜ ("Silmet"), Neo's rare metals production facility in Sillamäe, Estonia, is expected to purchase 150 MTPY of high-purity niobium pentoxide in Phase 1 of the Kanyika Project, which is targeted to start production in Q1 2027.Following the fulfillment of the initial purchase amounts, it is anticipated that the offtake agreement will be renewed annually.Neo also has a limited right of first refusal to purchase other critical metals, such as tantalum and zircon concentrates, produced at the Kanyika Project.

TORONTO, April 1, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) announced today that it has completed the sale to an affiliate of Shenghe Resources Holding Co., Ltd. ("Shenghe") of (i) 86% of the equity interest in Jiangyin Jiahua Advanced Material Resources Co., Ltd. ("JAMR") for USD $24.6 million cash; and (ii) 88% of the equity in Zibo Jiahua Advanced Material Resources Co., Ltd. ("ZAMR") USD $3.4 million cash, amended from the original agreement to sell 98% of the equity interests of ZAMR (collectively, the "Transactions"). JAMR sales proceeds represent a 10.6x multiple on average trailing five-year EBITDA for the facility. The ZAMR facility was valued using an asset-based approach, as the facility was closed in the second quarter of 2024.

Neo Grows Adjusted EBITDA(1) by 70% Year-Over-Year, Exceeding Guidance by 20%

TORONTO, March 18, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo") (TSX: NEO) reported today its fourth quarter and full year 2024 financial results. The financial statements and management's discussion and analysis ("MD&A") are available at www.neomaterials.com/investors/ and on SEDAR+ at www.sedarplus.ca. All financial amounts in this news release and the Company's financial disclosures are in United States dollars, unless otherwise stated.

TORONTO, Feb. 28, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) announces that the Regional Court of Mannheim, Germany issued a judgement (the "Judgment") with respect to the damages proceedings related to European Patent #1435338 B1 ("EP'338") case.  As previously disclosed, in July 2022, Rhodia Opérations SAS ("Rhodia", now Solvay) initiated an action in the Regional Court of Mannheim against Neo Chemicals & Oxides (Europe) Ltd. ("Neo C&O Europe"), a wholly-owned subsidiary of the Company, and two of its employees, requesting damages due to the infringement of EP'338 in Germany.  The oral hearing of the proceedings took place in November 2024.  The Judgment provides that Neo C&O Europe is liable for damages in the amount of approximately €10.3 million plus procedural interest of approximately €1.3 million (as of current date).  The damages award is significantly lower than the amount originally claimed by Rhodia.  The Judgment may be appealed by both parties within one month and is therefore not yet final.  The damage award is less than the amount the Company has previously accrued in its financial statements and consequently, Neo does not expect the quantum of the Judgment to affect earnings in Q1 2025.  EP'338 has since expired and has no impact on the Company's current products and earning.  For a summary of the case, please see "Legal Proceedings and Regulatory Actions" in the Company's annual information form dated March 14, 2024 for the year ended December 31, 2023 and "Legal Contingencies" in the Company's MD&A for the period ended September 30, 2024.

PERTH, Western Australia, Feb. 21, 2025 /CNW/ - Hastings Technology Metals Ltd. ("Hastings") announced today that its subsidiary, HTM Investments (One) Pty. Ltd. (the "Selling Shareholder"), has entered into a share purchase agreement (the "Agreement") with Wyloo Consolidated Investments Pty. Ltd. ("Wyloo") and has sold a significant portion of its equity interest in the outstanding common shares ("Common Shares") of Neo Performance Materials Inc. ("Neo") (TSX: NEO) to Wyloo  (the "Transaction"). 

TORONTO, Feb. 21, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo") (TSX: NEO) will report its fourth-quarter results for the period ended December 31, 2024, before the Toronto market opens on Tuesday, March 18, 2025.

Teleconference Call

Management will host a teleconference call on Tuesday, March 18, 2025, at 10:00 a.m. (Eastern Time) to discuss the fourth quarter 2024 results. 

TORONTO, Dec. 31, 2024 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) announced today that it has completed the sale of its equity ownership interest (the "Transaction") in Neo Rare Metals (Oklahoma), LLC ("Quapaw") to Kevin Reading, the current General Manager and co-founder of the facility (the "Purchaser").

The Purchaser acquired Neo's 80% equity interest in Quapaw for an aggregate cash purchase price equal to US$1.5 million. The Transaction also includes a seven-year agreement wherein Quapaw will purchase gallium from, and purchase and transfer gallium scrap to the Company's recycling facility in Peterborough, Ontario (see press release dated August 6, 2024).

TORONTO, Dec. 23, 2024 /CNW/ - Neo Performance Materials Inc. ("Neo") (TSX: NEO) announced today that the closing of the sale of its (i) 86% equity interest in Jiangyin Jiahua Advanced Material Resources Co., Ltd. ("JAMR") to Shenghe Resources Holding Co., Ltd ("Shenghe") for approximately USD$25.6 million cash; and (ii) 100% of the equity in Zibo Jiahua Advanced Material Resources Co., Ltd. ("ZAMR") to Shenghe for approximately USD$4.1 million cash (collectively, the "Transactions") is now expected to occur in Q1 2025, as opposed to Q4 2024 as was anticipated at the time the Transactions were announced in August 2024.