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Neo Raises Full Year Guidance on Strong First Half-Year Performance
TORONTO, Aug. 12, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo") (TSX: NEO) (OTCQX: NOPMF) reported today its second quarter 2025 financial results. The financial statements and management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2025, are available at www.neomaterials.com 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, July 9, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) (OTCQX: NOPMF) today announced that it has been awarded the supply contract for a new platform of permanent rare earth magnets with a prominent European Tier 1 supplier of electric vehicle ("EV") traction motors to a major OEM. Both the Tier 1 and OEM represent new additions to Neo's growing customer base. This new commercial partnership further strengthens Neo's reputation as a preferred supplier to multiple automotive clients.
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.
TORONTO, June 18, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) (OTCQX: NOPMF) is proud to announce that its Made-in-Europe permanent magnet, produced in Estonia, was showcased by EU Commission President Ursula von der Leyen during the 2025 G7 Summit in Kananaskis, Alberta. Neo is delivering on its commitment to its automotive customers by providing a localized supply chain for these critical materials. Our magnets, manufactured in Estonia, are the first Made-in-Europe magnets to meet the specifications of Tier 1 traction motor manufacturers and major automotive original equipment manufacturers (OEMs).
TORONTO, June 6, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) announced the Toronto Stock Exchange (the "TSX") has accepted a notice filed by Neo of its intention to make a Normal Course Issuer Bid (the "Bid") for up to 3,297,296 of its issued and outstanding common shares (the "Shares"). In connection with the Bid, the Company has entered into an automatic share purchase plan with its designated broker to allow for purchases of its Shares (the "Share Purchase Plan").
TORONTO, May 29, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo") (TSX: NEO) welcomed the Prime Minister of Estonia to its new European magnet facility in Narva. The Prime Minister was received by Greg Kroll, Neo's EVP for Magnequench, and the team responsible for equipment commissioning and overseeing production for our automotive customers. Neo will host an opening ceremony in September 2025, with the employees who have led this project, customers, government leaders from across the EU, senior diplomats from supply chain partner countries, investors, and media.
TORONTO, May 26, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) today announced that the Company has filed its management information circular (the "Circular") and related materials for Neo's annual general meeting of shareholders to be held on June 26, 2025 at 4:00 p.m. (Toronto time) at 40 King Street West, Suite 2400, Toronto, Ontario, Canada (the "Meeting"), under Neo's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.neomaterials.com.
TORONTO, May 22, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) today announced that the board of directors of Neo (the "Board"), on the recommendation of Neo's special committee (the "Special Committee") of independent directors, has determined to continue to accelerate the execution of Neo's current strategic plan with a focus on building upon Neo's long-standing leadership in rare earth magnetics and critical materials. The strategic review process was initiated in June 2024 to assess opportunities to maximize shareholder value, including the current strategy of the business, opportunities to optimize its portfolio, Neo's approach to capital allocation, and the potential for an en bloc sale of the Company or asset level transactions.
Strong Q1 2025 Results with 59% increase in Adjusted EBITDA(1) with Continuing Operational Excellence and Strengthening Supply Chains
TORONTO, May 9, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo") (TSX: NEO) reported today its first quarter 2025 financial results. The financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, 2025 are available at www.neomaterials.com 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, 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.