Neo Performance Materials Inc - Company Profile

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Neo Performance Materials Inc: Overview

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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.

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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* $232.6M
Net Profit Margin (2022) XYZ -37.9% (2022 vs 2021)
* As of and is in US$
View Neo Performance Materials Inc financials
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Neo Performance Materials Inc premium industry data and analytics

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IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Neo Performance Materials Inc (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Neo Performance Materials Inc’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products
Rare metal products
Water purification products
Chemicals & oxides products
XYZ
XYZ
XYZ
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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.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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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
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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 2023 XY
Non Dignissim Eros Proin vel Convallis 2023 XY
Non Dignissim Eros Proin vel Convallis 2023 XY
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