Neo Performance Materials Inc - Company Profile
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Neo Performance Materials Inc (Neo), formerly Molycorp, Inc, carries out the manufacture and sale of custom engineered rare earth and rare metal products. The product portfolio include advanced magnetic materials, magnequench products, magnequench applications, chemical and oxides products and applications, rare metals and water purification. The company also recycles rare metals. The products are used in the areas of clean energy technologies, advanced transportation systems, advanced communications and satellites, consumer electronics, computing applications, aerospace technologies, industrial technologies, super alloys and healthcare technologies. It operates production facilities, sales and customer service offices in Japan, China, Thailand, Estonia, Singapore, Germany, the UK, Canada, the US and South Korea. Neo is headquartered in Toronto, Ontario, Canada.
Headquarters
Canada
Address
Suite 1740, 121 King Street West, Toronto, Ontario, M5H3T9
Website
www.neomaterials.com
Telephone
1 416 3678588
No of Employees
1,760
Industry
Metals and Mining
Ticker Symbol & Exchange
NEO (TSE)
Revenue (2022)
$640.3M
18.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-26.2%
(2022 vs 2021)
Market Cap*
$182.4M
Net Profit Margin (2022)
XYZ
-37.9%
(2022 vs 2021)
* As of and is in US$
Neo Performance Materials Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Rare metal products |
| Water purification products |
| Chemicals & oxides products |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In June, the company signed a non-binding heads of agreement with Hastings Technology Metals Ltd. to strengthen their shared vision for an integrated mine-to-magnet rare earth supply chain. |
| 2023 | Plans/Strategy | In April, the company announced its plans to acquire 90% stake in SG Technologies Group Limited for GBP16.2 million. |
| 2022 | Stake Sale | In October, the company completed the sale of 19.9% stake to Hastings Technology Metals Ltd for US$97 million. |
Competitor Comparison
| Key Parameters | Neo Performance Materials Inc | China Rare Earth Holdings Limited | Avalon Advanced Materials Inc | NioCorp Developments Ltd | Rare Element Resources Ltd |
|---|---|---|---|---|---|
| Headquarters | Canada | China | Canada | United States of America | United States of America |
| City | Toronto | Wuxi | Toronto | Centennial | Littleton |
| State/Province | Ontario | Jiangsu | Ontario | Colorado | Colorado |
| No. of Employees | 1,760 | 360 | 5 | 7 | 2 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Claire M.C. Kennedy | Chairman | Executive Board | 2017 | - |
| Rahim Suleman | Chief Executive Officer; Director; President | Executive Board | 2023 | - |
| Jonathan Baksh | Executive Vice President; Chief Financial Officer | Senior Management | 2023 | - |
| Kevin D. Morris | Executive Vice President; Chief Strategy Officer | Senior Management | 2023 | - |
| Jeffrey R. Hogan | Executive Vice President - Neo Chemicals and Oxides | Senior Management | 2016 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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