NEO
TSX
Rare Earth

Neo Performance Materials Inc.

Listed on Toronto Stock Exchange (TSX)

Producer of rare earth magnetic powders, magnets, specialty chemicals, oxides, metals and alloys.

Company site
Market Cap$955.90M
Enterprise Value$1.07B
Cash$29.75M
Debt--
Listed OnToronto Stock Exchange (TSX)
Shares Outstanding--
Reporting DateJul 31, 2026
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Operations Map

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PlantRefinery

Latest Coverage

Oct 19, 2026

EU grants Strategic Project status to Neo’s planned Silmet 2.0 expansion

The European Commission has designated Neo Performance Materials’ Silmet 2.0 modernization in Estonia a Strategic Project under the Critical Raw Materials Act. The status offers priority administration, accelerated permitting and easier access to EU financing, while Neo says the proposed project could triple separation capacity if it receives a final investment decision.

Sep 24, 2026

Neo Leads Rare-Earth Stock Gains in 2026 as Execution Trumps Scale

Neo Performance Materials has more than doubled this year, while Aclara and Ucore have sharply outpaced better-known rare-earth names. The strongest gains have clustered around earnings, funding, permits, construction and downstream execution rather than strategic exposure alone.

Sep 22, 2026

Neo Starts Commercial EV-Magnet Shipments From Estonia

Neo Performance Materials has moved its Narva magnet plant from automotive qualification into commercial supply, shipping sintered rare-earth magnets to a Tier 1 EV traction-motor customer. The next operating evidence is utilisation: Neo expects two to three customer programs in commercial production by year-end, but has not disclosed current shipment volumes or plant loading.

Aug 1, 2026

Silmet Produces Europe’s First Separated Dysprosium and Terbium Solutions

Neo’s new Silmet line has produced separated dysprosium and terbium solutions at nameplate capacity, giving Europe a tangible heavy-rare-earth processing foothold. Commercial value now depends on repeatable purity, secure feed and qualified customers.