The settlement relates to the German designation of the following European Patents:

• EP 0 735 984 B1
• EP 0 605 274 B1
• EP 0 863 846 B1
• EP 0 955 267 B1
• EP 1 527 018 B1
• EP 2 007 682 B1
• EP 2 523 907 B1
• EP 1 435 338 B1
• EP 3 009 403 B1 (the Estonian designation is also included)

Under the terms of the agreement, Neo will make an aggregate cash payment of €7.1 million to be paid to Rhodia in the first quarter of 2026. All parties have agreed to a mutual release of claims and to withdraw outstanding court proceedings related to these patents.

All of the patents subject to the settlement, other than EP ‘682, have expired. In addition, the settlement amount is not materially different from the amount previously accrued by Neo in its financial statements. As a result, Neo does not expect the settlement to limit the Company’s ongoing sales of its current automotive catalyst products or materially affect its earnings.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as a dedicated research and development center in Singapore. For more information, please visit www.neomaterials.com.

Cautionary Statements Regarding Forward Looking Statements

This news release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Specific forward-looking statements in this news release include, but are not limited to, production capacity of the new plant, launch of new project awards, operational expectations resulting from such project awards, revenue expectations and other matters relating thereto. In making the forward-looking information in this news release, the Company has applied certain factors and assumptions that are based on its current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information. There are many risk factors associated with the launch and operations of the new project platform. A number of factors could cause actual results to differ materially from those anticipated by the Company, including but not limited to the risks and uncertainties inherent in the nature of operations including the risks of a material adverse change in the Company’s assets or revenues, or risks of unknown liabilities that may arise.

Readers are cautioned not to place undue reliance on forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law. For more information on Neo, investors should review Neo’s continuous disclosure filings that are available under Neo’s profile at www.sedarplus.ca.

Information Contacts

Investor Requests:
Jonathan Baksh
EVP, Chief Financial Officer
(416) 367-8588 ext. 7318
ir@neomaterials.com

Media Requests:
Vasileios Tsianos
VP, Corporate Development
(416) 367-8588 ext. 7335
media@neomaterials.com

The post Neo Performance Materials Reaches Settlement in European Patent Litigation appeared first on Neo Performance Materials.

TORONTO, Canada, November 14, 2025 – Neo Performance Materials Inc. (“Neo” or the “Company”) (TSX:NEO) (OTCQX: NOPMF) today announced its financial results for the third quarter of 2025. The financial statements and management’s discussion and analysis (“MD&A”) for the three and nine months ended September 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.

“Our third-quarter results highlight Neo’s ability to deliver strong operational performance while advancing our strategy to grow our industry-leading permanent magnet business,” said Rahim Suleman, Neo’s President and Chief Executive Officer. “During the quarter, Neo delivered $19 million in Adjusted EBITDA, bringing our year-to-date total to $55 million, a 27% increase compared to the same period last year. Reflecting this solid performance, we have raised our full-year 2025 Adjusted EBITDA guidance to a range of $67 to $71 million.”

“So far this year, we have achieved several major milestones, advancing the new heavy rare earth separation line in Europe, securing traction-motor magnet contracts with European Tier 1 customers, extending our partnership with Bosch, and, in September, celebrating the grand opening of our new industrial scale sintered magnet plant in Europe. With production beginning in mid-2026, the facility will have productive capacity of 2,000 tonnes annually in its first phase, with plans to expand to 5,000 tonnes. As we continue executing our long-term strategy, Neo is poised to become the critical enabler of diversified and localized permanent-magnet supply chains for the West.”

Strategic and Operational Highlights

• Strong Adjusted EBITDA Performance: Neo delivered $19.2 million and $55.3 million in Adjusted EBITDA⁽¹⁾ for the three and nine months ended September 30, 2025, marking a 1.9% decrease and 26.5% increase, respectively, from the same periods last year.
  • Magnequench (“MQ”) achieved Adjusted EBITDA of $8.1 million and $22.4 million for the three and nine months ended September 30, 2025, increasing by $1.7 million and $3.7 million, respectively, over the same periods last year.
  • Chemicals & Oxides (“C&O”) experienced significant improvements in Adjusted EBITDA over the prior year, reporting $4.1 million and $16.4 million for the three and nine months ended September 30, 2025, increasing by $2.8 million and $12.8 million, respectively, over the same periods last year.
  • Rare Metals (“RM”) continued to deliver solid results with Adjusted EBITDA of $11.5 million and $30.9 million for the three and nine months ended September 30, 2025, decreasing by $4.8 million and $3.5 million, respectively, over the same periods last year.
• Neo Raises Full Year 2025 Adjusted EBITDA Guidance: Neo has raised its 2025 Adjusted EBITDA outlook to $67.0 to $71.0 million, up from $64.0 to $68.0 million as announced in August, driven by strong third quarter performance, as the Company continues to leverage its global supply chain to respond to evolving market dynamics.
• Neo Opens State-of-the-Art Permanent Magnet Facility in Europe: Neo hosted the grand opening ceremony of its new European Permanent Magnet facility in September 2025, attended by more than 270 guests, including senior leadership from the global automotive, renewable energy, and technology sectors, alongside government officials, media, and investors from across Europe, North America, Australia, and Japan. The event showcased the facility’s advanced capabilities and its strategic importance in the global shift toward electrification, sustainability and localized supply chains for critical materials.
• Neo Extends Partnership with Robert Bosch GmbH (“Bosch”): On September 19, 2025, Neo announced the extension of its strategic partnership with Bosch through a multi-year Memorandum of Understanding. Under the agreement, Neo will reserve dedicated annual magnet production capacity for Bosch at its European Permanent Magnet facility, ensuring a reliable and localized supply of advanced rare-earth magnets critical for Bosch’s e-mobility and energy-efficient motor applications. The partnership underscores Neo’s growing role in strengthening Europe’s magnet supply chain, supporting the region’s transition toward clean technologies, and promoting sustainable industrial innovation through closer collaboration between material producers and global OEMs.
• Heavy Rare Earth Pilot Line at Silmet Remains on Track for Production Launch: Neo’s heavy rare earth pilot line is nearing completion, with commissioning expected in early 2026. The pilot line will produce dysprosium and terbium, supplying the newly constructed European Permanent Magnet facility during its ramp-up phase, in addition to serving other users and end markets. This initiative serves as a precursor to a potential full-scale commercial production line, positioning Neo to enhance its production capabilities in Europe significantly.

Consolidated Financial Highlights

• Revenue for Q3 2025 was $122.2 million, compared to Q3 2024 revenue of $111.3 million. On a year-to-date basis, 2025 revenue was $358.5 million compared to $340.9 million in 2024.
• Operating income for Q3 2025 was $8.4 million, compared to Q3 2024 operating income of $11.2 million. Year-to-date 2025 operating income was $26.2 million, compared to $22.9 million in 2024.
• Adjusted Net Income⁽¹⁾ for Q3 2025 was $8.5 million, or $0.20 earnings per share, compared to Q3 2024 Adjusted Net Income of $1.1 million or $0.03 earnings per share. For the nine months ended September 30, 2025, Adjusted Net Income was $19.9 million, or $0.48 earnings per share, compared to Adjusted Net Income of $6.8 million, or $0.16 earnings per share for the first nine months of 2024.
• Adjusted EBITDA reached $19.2 million for Q3 2025 and $55.3 million for nine months ended September 30, 2025, compared to $19.6 million and $43.7 million, respectively, in the prior year periods. This resulted in Adjusted EBITDA margin of 15.7% for the quarter and 15.4% for the first nine months, representing a decrease of 190 basis points for the three-month period and an improvement of 280 basis points over the prior year-to-date period, respectively.
• For the nine months ended September 30, 2025, Neo used $25.4 million in cash from operating activities, driven by the settlement of a European patent claim for $12.5 million, higher receivables due to timing of sales, and higher strategic inventory held due to geopolitical risks. Neo had $61.5 million in cash and $89.9 million in gross debt on its balance sheet as of September 30, 2025.
• For the nine months ended September 30, 2025, Neo invested $18.4 million in capital expenditures, primarily for the final phase of the new permanent magnet facility and the investment in the heavy rare earth separation pilot line in Europe.
• For the nine months ended September 30, 2025, Neo distributed $9.1 million in dividends to shareholders and repurchased $3.9 million of common shares for cancellation under the NCIB.
• A quarterly dividend of CAD$0.10 per common share was declared on November 11, 2025, for shareholders of record on December 19, 2025, with a payment date of December 29, 2025.

Segment Highlights

Magnequench Delivers Solid Operating Performance and Strategic Progress:

• Strong Profitability and Volume Growth: Third-quarter volumes increased 21% year-over-year, driving a 27% improvement in Adjusted EBITDA, Magnequench’s strongest quarterly performance in over three years. Growth reflected solid underlying demand and customer restocking in response to evolving supply-chain and geopolitical conditions.
• Sustained Financial Momentum: Third-quarter Adjusted EBITDA totaled $8.1 million and $22.4 million year-to-date, increases of 27% and 20%, respectively, over the same periods last year, supported by disciplined cost management, operational efficiency, and higher volumes.
• European Expansion Milestone: Magnequench advanced its European magnetics strategy with the grand opening of Neo’s new industrial scale sintered magnet facility in September.
• Extended Partnership with Bosch: Neo entered into a new multi-year agreement with Bosch, securing dedicated magnet production capacity at Neo’s European magnet facility to support Bosch’s e-mobility and energy-efficient motor programs, reinforcing a stable and localized supply chain.
• Record Bonded Magnet Volumes: Bonded magnet shipments reached record quarterly levels, up 38% year-over-year, supported by accelerating demand for data centers serving AI.
• Strong Powder Sales: Bonded powder volumes also increased 18% year-over-year, reflecting continued market share gains and healthy downstream demand. 

Chemicals & Oxides Delivers Strong Growth and Strategic Realignment:

• Solid Financial Performance: Adjusted EBITDA increased 213% year-over-year in the third quarter and 358% year-to-date, reaching $4.1 million and $16.4 million, respectively. Results reflect higher rare earth prices, the successful transformation of the business and continued operational discipline.
• Portfolio Optimization Drives Growth: Following the sale of the Chinese separation facilities in Q1 and the relocation of the emission catalyst operations to NAMCO, C&O remains focused on higher-margin businesses with strong growth potential, including emission catalysts and wastewater treatment solutions.
• Robust Demand Across Key Markets: Emission catalyst volumes rose 20% in the quarter and 12% year-to-date, while wastewater treatment volumes achieved another record quarter, up 42% year-over-year, supported by rising global sustainability and environmental compliance needs.
• Strategic European Separation Capabilities: C&O continues to operate one of the few non-captive rare earth separation facilities in Europe, equipped with a world-class laboratory, advanced analytical capabilities, and a new heavy rare earth separation pilot line that remains on track and on budget with construction nearing completion.

Rare Metals Maintains Good Performance Amid Market Normalization:

• Resilient Financial Results: Adjusted EBITDA totaled $11.5 million for the quarter and $30.9 million year-to-date, down 30% and 10%, respectively, from the prior-year periods, reflecting the expected normalization of hafnium prices following record highs in 2024.
• Healthy End-Market Demand: Rare Metals continues to benefit from robust demand in aerospace, industrial gas turbine, and semiconductor markets, supported by ongoing global investment in advanced manufacturing and clean energy technologies.
• Hafnium Price Normalization: Hafnium gross margins declined 41% year-over-year as prices stabilized, moderating profitability compared to last year’s exceptional levels.
• Gallium Business Strength: The gallium segment delivered solid results on continued pricing strength and rising regulatory tailwinds. Neo remains one of the only gallium recyclers in North America, positioning the business for sustained long-term growth.
• Strategic Supply Initiatives: The segment continues to focus on securing scrap and input materials through strategic sourcing partnerships and recovery initiatives, ensuring a stable, diversified supply base to support future growth.

Conference Call

Neo’s third quarter 2025 financial results webcast and conference calls details are provided below.

Webcast / Conference Call Details:

Date: Friday, November 14, 2025

Time: 10:00 AM ET | 7:00 AM PT

Listen Only Webcast: Webcast Link

Conference call: 1-416-945-7677 (local) or 1-888-699-1199 (toll-free long distance) or by visiting Dial-in Link and completing the online registration form. Once registered, you will receive the dial-in information and a unique PIN to join the call.

A replay of the webcast will be available by clicking on the webcast LINK above and will be archived on www.neomaterials.com for a limited time.

Contacts

Non-IFRS Financial Measures

This new release refers to certain specified financial measures, including non-IFRS financial measures and ratios such as “EBITDA”, “Adjusted EBITDA”, “Adjusted EBITDA Margin”, “Adjusted Net Income”, “Adjusted Earnings per Share”, “Debt to Adjusted EBITDA”, “Free Cash Flow” and “gross margin”. These specified financial measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS, and may not be comparable to similar measures presented by other companies. Rather, these specified financial measures are provided as additional information to complement IFRS financial measures by providing further understanding of Neo’s results of operations from management’s perspective. Neo’s definitions of non-IFRS measures used in this news release may not be the same as the definitions for such measures used by other companies in their reporting.

Specified financial measures such as non-IFRS measures and ratios have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of Neo’s financial information reported under IFRS. Neo uses specified financial measures to provide investors with supplemental measures of its base-line operating performance and to eliminate items that have less bearing on operating performance or operating conditions and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. Neo believes that securities analysts, investors and other interested parties frequently use specified financial measures such as non-IFRS financial measures and ratios in the evaluation of issuers. Neo’s management also uses non-IFRS financial measures and ratios to facilitate operating performance comparisons from period to period. Readers are cautioned that these measures should not be construed as an alternative to their nearest or directly comparable financial measures determined in accordance with IFRS as an indication of Neo’s financial performance. For further information on how Neo defines such specified financial measures, including non-IFRS financial measures and ratios and, where applicable, their reconciliations to the nearest comparable IFRS measures, please see the “Non-IFRS Financial Measures” section of Neo’s MD&A for the three and nine months ended September 30, 2025, which is hereby incorporated by reference into this news release, and at www.neomaterials.com and on SEDAR+ at www.sedarplus.ca.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in Canada, China, Estonia, Germany, Thailand and the United Kingdom, as well as one dedicated research and development center in Singapore. For more information, please visit www.neomaterials.com.

Cautionary Statements Regarding Forward Looking Statements

This news release contains “forward-looking information”, within the meaning of applicable securities laws in Canada. Forward-looking information may relate to future events or future performance of Neo. All statements in this news release, other than statements of historical facts, with respect to Neo’s objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions are forward-looking information.

Specific forward-looking information in this news release include, but are not limited to: expectations regarding certain of Neo’s future results and information, including, among other things; revenue; expenses; growth prospects; capital expenditures; and operations; risk factors relating to national or international economies, geopolitical risk and other risks present in the jurisdictions in which Neo, its customers, its suppliers, and/or its logistics partners operate; statements with respect to current and future market trends that may directly or indirectly impact sales and revenue of Neo, including but not limited to the price of rare earth elements; expected use of cash balances; continuation of prudent management of working capital; source of funds for ongoing business requirements and capital investments; expectations regarding sufficiency of the allowance for uncollectible accounts and inventory provisions; analysis regarding sensitivity of the business to changes in exchange rates and changes in rare earth prices; impact of recently adopted accounting pronouncements; risk factors relating to intellectual property protection and intellectual property litigation; expectations regarding demand for products and applications; expectations regarding the growth of superconductor materials; anticipated launch of Neo’s new permanent magnet facility in Europe and related commercial production estimates, forecasted budget, commissioning and costs associated with the facility; Neo’s requalified product portfolio, including the NAMCO product portfolio, and continued product qualification expected in 2025 and 2026; any anticipated final costs associated with NAMCO; expectations regarding tariffs and export restrictions; securing new automotive customer agreements for permanent magnet and emission catalyst facilities; expectations concerning the continued growth of the Magnequench project and improvements in C&O; expectations concerning any remediation efforts to Neo’s design of its internal controls over financial reporting and disclosure controls and procedures; and Neo’s 2025 guidance and the assumptions relating thereto.

Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. This information involves risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.

Additionally, Neo’s 2025 guidance reflects Neo’s expectations as to financial performance in 2025 based on assumptions which Neo believes to be reasonable as of the date of this news release including but not limited to continued Magnequench growth, significant improvements in C&O, exiting lower-margin separation assets, strong hafnium demand despite pricing moderation, continued reduction in SG&A expenses, expectations regarding tariffs and export controls; securing new automotive customer agreements for permanent magnet and emission catalyst facilities, expectations concerning the continued growth of the Magnequench project and improvements in C&O. Neo believes the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information included in this discussion and analysis should not be unduly relied upon. For more information on Neo, investors should review filings available under Neo’s profile at www.sedarplus.ca.

Information contained in forward-looking statements in this news release is provided as of the date hereof and Neo disclaims any obligation to update any forward-looking information, whether as a result of new information or future events or results, except to the extent required by applicable securities laws.

Notes

⁽¹⁾ Neo reports non-IFRS measures such as “Adjusted Net Income”, “Adjusted Earnings per Share”, “Adjusted EBITDA”, “Adjusted EBITDA Margin” and “EBITDA”. Please see information on this and other non-IFRS measures in the “Non-IFRS Financial Measures” section of this news release and in the MD&A, available at www.neomaterials.com and on SEDAR+ at www.sedarplus.ca.

HIGHLIGHTS OF THIRD QUARTER 2025 CONSOLIDATED PERFORMANCE

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

See accompanying notes to this table in Neo’s unaudited interim condensed consolidated financial statements as at September 30, 2025 and for the period then ended.

CONSOLIDATED RESULTS OF OPERATIONS

For additional information, refer Neo’s MD&A for the three and nine months ended September 30, 2025.

RECONCILIATION OF NET INCOME TO EBITDA, ADJUSTED EBITDA AND FREE CASH FLOW

For additional information, refer Neo’s MD&A for the three and nine months ended September 30, 2025.

RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED NET INCOME

For additional information, refer Neo’s MD&A for the three and nine months ended September 30, 2025.

The post Neo Performance Materials Reports Third Quarter 2025 Results appeared first on Neo Performance Materials.

Teleconference Details

Date: Friday, November 14, 2025

Time: 10:00 AM ET | 7:00 AM PT

Webcast: LINK

Conference call: 1-416-945-7677 (local) or 1-888-699-1199 (toll-free long distance) or by visiting Dial-in Link.

A replay of the webcast will be available by clicking on this LINK and will be archived on the Company’s website for a limited period. A teleconference recording may be accessed by calling 1-289-819-1450 (local) or 1-888-660-6345 (toll-free long distance) and entering passcode 65901# until December 14, 2025.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as a dedicated research and development center in Singapore.

For more information, please visit www.neomaterials.com.

Information Contacts

Investor Requests:
Maggie MacDougall
Head of Investor Relations
(416) 367-8588 ext. 7334
ir@neomaterials.com

Media Request:
Vasileios Tsianos
Vice President, Corporate Development
(416) 367-8588, ext. 7335
media@neomaterials.com

The post Media Advisory – Third Quarter 2025 Earnings Release & Webcast appeared first on Neo Performance Materials.

The grand opening ceremony was attended by more than 270 guests, including senior leadership from the global automotive, renewable energy, and technology sectors, alongside government officials, media, and investors from across Europe, North America, Australia, and Japan. The event showcased the facility’s advanced capabilities and its strategic importance in the global shift toward electrification and sustainability.

The grand opening was accompanied by an Investor/Analyst Day, which included a tour of Neo’s permanent magnet facility in Narva and the existing rare earth separation facility in Sillamäe. Attendees had the opportunity to view the new Heavy Rare Earth Separation Unit, currently being installed.

Visit https://neomaterials.com/estonia for presentations, videos and photos from the grand opening.

Neo’s investment in Estonia extends beyond manufacturing to fostering the next generation of scientific and technical talent. In its commitment to local development, Neo has established key cooperation agreements with Estonia’s leading educational institutions, including:

• University of Tartu’s Youth Academy: Sponsoring the training of Estonia’s top young students for international Olympiads in mathematics, physics, and chemistry.
• Tallinn University of Technology (TalTech): Collaborating on programs for students specializing in rare earths chemistry and the digitalization of manufacturing.
• Robotex: Supporting Estonia’s premier robotics competition to inspire innovation among young engineers.

Kristen Michal, Prime Minister of Estonia, said: “In Narva, we are opening not only a factory, but also a new chapter in Europe’s industrial future. I want to thank Neo Performance Materials and its partners.”

Ursula von der Leyen, President of the European Commission, said: “Operational since May and formally inaugurated yesterday, this magnet manufacturing facility is a milestone truly worth celebrating. The future will be made in Europe. Neo Performance Materials and Narva are proof of this.”

Raffaele Fitto, Executive Vice-President of the European Commission, said: “Magnets are crucial for Europe’s future. They power electric vehicles, wind turbines, and microelectronics. Now, Neo’s first facility in Narva will satisfy up to 15% of the EU’s demand for these magnets.”

Rahim Suleman, President and CEO of Neo Performance Materials, said: “Today marks a historic milestone for Neo and a pivotal moment for the global rare earth industry. This facility is built on Neo’s three decades of experience in magnetic materials and demonstrates our unwavering commitment to our customers in the electric vehicle and wind energy sectors. We are immensely grateful for the partnership of the Estonian government and the European Commission, whose vision and support have been instrumental in bringing this project to life.”

Completed in 500 days, Neo’s new state-of-the-art facility is already producing and shipping qualification sample magnets to meet contract obligations for automotive platforms it has been awarded and for numerous upcoming programs.  The European facility has already secured contracts for traction motor magnets—widely regarded as the most technically demanding product category—and has expanded its product offerings to non-traction-motor applications as demand for local supply chains has increased.

On September 19^th, 2025, Neo announced the extension of its strategic partnership with Robert Bosch GmbH (“Bosch”) through a multi-year Memorandum of Understanding. This agreement reserves annual magnet production capacity for Bosch, ensuring a stable supply chain and fostering localized production through competition and innovation. For more information about the partnership, visit https://www.neomaterials.com/neo-extends-strategic-partnership-for-high-performance-magnets-with-bosch/

Co-funded by the European Union’s Just Transition Fund, the facility is projected to produce 2,000 mt/year of magnets in its first phase (1A), with plans to scale to over 5,000 mt/year in Phase 1B. Through its bonded magnetic materials business, Neo has long been a designer and supplier of rare-earth magnetic products for EV and PHEV traction motors, including pioneering the first commercialized heavy-rare-earth-free magnetic powder used in current EV motors as well as other automotive and industrial applications.  Neo has a broad customer base of some of the largest motor manufacturers in the world.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as a dedicated research and development center in Singapore. For more information, please visit www.neomaterials.com.

Cautionary Statements Regarding Forward Looking Statements

This news release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Specific forward-looking statements in this news release include, but are not limited to, production capacity of the new facility, launch of new project awards, operational expectations resulting from such project awards, revenue expectations and other matters relating thereto. In making the forward-looking information in this news release, the Company has applied certain factors and assumptions that are based on its current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.  There are many risk factors associated with the launch and operations of the new project platform.  A number of factors could cause actual results to differ materially from those anticipated by the Company, including but not limited to the risks and uncertainties inherent in the nature of operations including the risks of a material adverse change in the Company’s assets or revenues, or risks of unknown liabilities that may arise.

Readers are cautioned not to place undue reliance on forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law. For more information on Neo, investors should review Neo’s continuous disclosure filings that are available under Neo’s profile at www.sedarplus.ca.

Information Contacts

Investor Requests:
Jonathan Baksh
EVP, Chief Financial Officer
(416) 367-8588 ext. 7318
email: ir@neomaterials.com

Media Requests:
Vasileios Tsianos
VP, Corporate Development
(416) 367-8588 ext. 7335
email: media@neomaterials.com

The post Neo Performance Materials Opens State-of-the-Art Permanent Magnet Facility in Europe appeared first on Neo Performance Materials.

Given this extended supplier partnership and in conjunction with Neo’s new capacity launch planning, Neo will reserve significant annual magnet production capacity for its customer Bosch, with a clear mutual target for both partners to transition the capacity reserve into definitive projects.

By reserving capacity with Neo, Bosch is taking a proactive step to ensure a stable supply chain network and to foster supply chains that develop localized production, through competition and innovation. For Neo, a commitment like this from a global technology leader continues to hasten the roadmap to plan and optimize the design and construction of the next phase of its magnet manufacturing facility in Estonia. This further solidifies Neo’s role as a strategic supplier-of-choice for magnets both to automotive applications and beyond.

“Entering this extended partnership with Bosch is an important step in building a resilient and sustainable supply chain for our customers,” said Rahim Suleman, President and CEO of Neo. “This secures a significant portion of our future production and speaks to our strategy of prioritizing partnerships with the world’s largest and most innovative companies.”   

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as a dedicated research and development center in Singapore. For more information, please visit www.neomaterials.com.

Cautionary Statements Regarding Forward Looking Statements

This news release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Specific forward-looking statements in this news release include, but are not limited to, launch of the new project award, operational expectations resulting from the project award, revenue expectations and other matters relating thereto. In making the forward-looking information in this news release, the Company has applied certain factors and assumptions that are based on its current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.  There are many risk factors associated with the launch and operations of the new project platform.  A number of factors could cause actual results to differ materially from those anticipated by the Company, including but not limited to the risks and uncertainties inherent in the nature of operations including the risks of a material adverse change in the Company’s assets or revenues, or risks of unknown liabilities that may arise.

Readers are cautioned not to place undue reliance on forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law. For more information on Neo, investors should review Neo’s continuous disclosure filings that are available under Neo’s profile at www.sedarplus.ca.

Information Contacts

Investor Requests:
Jonathan Baksh
EVP, Chief Financial Officer
(416) 367-8588 ext. 7318
email: ir@neomaterials.com

Media Requests:
Vasileios Tsianos
VP, Corporate Development
(416) 367-8588 ext. 7335
email: media@neomaterials.com

The post Neo Extends Strategic Partnership for High-Performance Magnets with Bosch appeared first on Neo Performance Materials.

The post Neo Performance Materials Reports Second Quarter 2025 Results appeared first on Neo Performance Materials.

Teleconference Details 

Date: Tuesday, August 12, 2025 

Time: 10:00 AM ET | 7:00 AM PT 

Webcast: LINK 

Conference call: 1-416-945-7677 (local) or 1-888-699-1199 (toll-free long distance) or by visiting Dial-in Link.  

A replay of the webcast will be available by clicking on the webcast LINK above and will be archived on the Company’s website for a limited period. A teleconference recording may be accessed by calling 1-289-819-1450 (local) or 1-888-660-6345 (toll-free long distance) and entering passcode 04579# until September 12, 2025. 

About Neo Performance Materials  

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as a dedicated research and development center in Singapore.  

Information Contacts

Investor Requests:
Irina Kuznetsova
Director, Investor Relations
(416) 367-8588 ext. 7334
ir@neomaterials.com

Media Request:
Vasileios Tsianos
Vice President, Corporate Development
(416) 367-8588, ext. 7335
media@neomaterials.com

The post Media Advisory – Neo Performance Materials Inc. Second Quarter 2025 Earnings Release & Webcast appeared first on Neo Performance Materials.

These magnets will be supplied by Neo’s new rare earth magnet facility in Narva, Estonia, which is already producing and shipping qualification samples to meet contract obligations of automotive platforms it has been awarded. The project award is estimated to be approximately $50 million in cumulative revenues over the life of the project at current rare earth market prices, based on customer projections. Commercial delivery of the magnets is anticipated to begin in mid-2026 for this award.

Neo’s new European facility is the first sintered magnet plant to come online outside Asia, with an explicit focus on European and North American Electric Vehicle, Industrial Power Tooling, and Offshore Wind customers. The facility has already been awarded multiple traction motor magnets – widely regarded as the most technically demanding product category for sintered magnets for its high requirements in power and heat management. The facility has also expanded its product categories to non-traction-motor applications as demand for local supply chains has increased. Co-funded by the European Union’s Just Transition Fund, this facility is projected to produce 2,000 t/year in phase 1, with plans to scale to over 5,000 t/year in Phase 2. The official opening ceremony for this plant will be held in September of this year, the details of which will follow in the coming weeks.

Rahim Suleman, President and CEO said: “We welcome yet another commercial recognition from a new customer. What the team has accomplished in this new European rare earth permanent magnet facility is remarkable. The Neo team successfully built this magnet plant in just 500 days and is responding to growing demand from automotive customers with a sense of urgency, while staying grounded in our principles of responsible ramp-up curves for new plants. We are here for our customers, and we are proud that they are recognizing us in return.”

Through its bonded magnetic materials business, Neo has been a designer, manufacturer and supplier of rare earth magnetic products for EV and PHEV traction motors for years – a highlight being the design of the first commercialized and supplied heavy-rare-earth-free magnetic powder in current NEV motors. Neo has been supplying rare earth magnetic products to the automotive and industrial motor industries for over three decades.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as a dedicated research and development center in Singapore. For more information, please visit www.neomaterials.com.

Cautionary Statements Regarding Forward Looking Statements

This news release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Specific forward-looking statements in this news release include, but are not limited to, launch of the new project award, operational expectations resulting from the project award, revenue expectations and other matters relating thereto. In making the forward-looking information in this news release, the Company has applied certain factors and assumptions that are based on its current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.  There are many risk factors associated with the launch and operations of the new project platform.  A number of factors could cause actual results to differ materially from those anticipated by the Company, including but not limited to the risks and uncertainties inherent in the nature of operations including the risks of a material adverse change in the Company’s assets or revenues, or risks of unknown liabilities that may arise.

Readers are cautioned not to place undue reliance on forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law. For more information on Neo, investors should review Neo’s continuous disclosure filings that are available under Neo’s profile at www.sedarplus.ca.

Information Contacts

Investor Requests:
Irina Kuznetsova
Director, Investor Relations
(416) 367-8588 ext. 7334
email: ir@neomaterials.com

Media Requests:
Vasileios Tsianos
Vice President, Corporate Development
(416) 367-8588 ext. 7335
email: media@neomaterials.com

The post Neo Wins Another Traction Motor Award with an Additional Tier 1 and OEM Customer in Europe appeared first on Neo Performance Materials.

Shareholders voted as follows:

Cautionary Statements Regarding Forward Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws in Canada. Forward-looking information may relate to future events or future performance of Neo. All statements in this news release, other than statements of historical facts, with respect to Neo’s objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions are forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Neo believes the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information included in this discussion and analysis should not be unduly relied upon. For more information on Neo, investors should review Neo’s continuous disclosure filings available under its profile at www.sedarplus.ca. Information contained in forward-looking statements in this press release is provided as of the date hereof and Neo disclaims any obligation to update any forward-looking information, whether as a result of new information or future events or results, except to the extent required by applicable securities laws.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as one dedicated research and development centre in Singapore. For more information, please visit www.neomaterials.com.

Information Contacts

Irina Kuznetsova
Investor Relations
(416) 367-8588 ext. 7334
ir@neomaterials.com

Vasileios Tsianos
Media Requests
(416) 367-8588 ext. 7335
media@neomaterials.com

The post Neo Announces Voting Results from Annual General Meeting of Shareholders appeared first on Neo Performance Materials.

President von der Leyen in a statement from the G7 2025:

“I brought with me a permanent magnet. Not just any magnet—this is a rare earth permanent magnet.  It was manufactured in Estonia, by a Canadian company using raw materials sourced from Australia, and supported by the EU’s Just Transition Fund… And where does it end up? In German and French electric vehicles and wind turbines. This small object tells a much bigger story—a story we are writing together.”

Neo’s President & CEO, Rahim Suleman, said:

“We thank President von der Leyen for highlighting our Made-in-Europe magnet at the G7 Summit. Our new magnet facility marks a significant milestone for both Neo Performance Materials and the European automotive supply chain. Delivering this facility on time and on budget demonstrates that focus, innovation, and industry collaboration are essential to overcoming today’s supply chain challenges.”

Neo’s new Estonia facility marks substantial progress in the global expansion of its magnetics operations. Phase 1 successfully implemented a multi-step production process—from raw materials to the final assembly of traction motor magnets. Phases 2, 3 and 4 are expected to drive further growth, with expanded operations in Estonia and new facilities planned in additional regions. These developments reflect Neo’s technical expertise and operational capacity, supported by its experienced global team.

Backed by over 30 years of expertise in rare earth magnetics and advanced R&D capabilities, Neo’s new facility in Estonia represents a significant step in one of the key permanent magnet projects in Europe and globally. This initiative aims to scale magnet production across Europe and beyond, contributing to Neo’s efforts to serve our customers with diversified supply chains for rare earth magnetics and other critical materials.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities in Canada, China, Estonia, Germany, Thailand and the United Kingdom, as well as a dedicated research and development centre in Singapore.

For more information, please visit www.neomaterials.com.

Cautionary Statements Regarding Forward Looking Statements

This news release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Specific forward-looking statements in this news release include, but are not limited to, the completion of construction and commissioning and launch of operations of the facility in Narva; integration of operations of the new facility in Narva, Estonia and Neo’s rare earth separation facility in Sillamäe, Estonia; and other matters relating thereto. In making the forward-looking information in this news release, the Company has applied certain factors and assumptions that are based on its current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.  There are many risk factors associated with the negotiation and drafting of a definitive offtake agreement and the terms and conditions of such agreement.  A number of factors could cause actual results to differ materially from those anticipated by the Company, including but not limited to the risks and uncertainties inherent in the nature of the Transaction, including the risks of a material adverse change to the Company’s assets or revenues, or risks of unknown liabilities that may arise.

Readers are cautioned not to place undue reliance on forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law. For more information on Neo, investors should review Neo’s continuous disclosure filings that are available under Neo’s profile at www.sedarplus.ca.

Information Contact

Irina Kuznetsova
Investor Relations
(416) 367-8588 ext. 7334
ir@neomaterials.com

Vasileios Tsianos
Media Requests
(416) 367-8588 ext. 7335
media@neomaterials.com

The post President von der Leyen presents Neo’s Made-in-Europe Permanent Magnet to G7 Leaders’ Summit appeared first on Neo Performance Materials.