President von der Leyen presents Neo’s Made-in-Europe Permanent Magnet to G7 Leaders’ Summit
NEWS
President von der Leyen presents Neo’s
Made-in-Europe Permanent Magnet to G7 Leaders’ Summit
TORONTO, Canada – June 18, 2025 - 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).
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 Contacts
Irina Kuznetsova Vasileios Tsianos
Investor Relations Media Requests
(416) 367-8588 ext. 7334 (416) 367-8588 ext. 7335
Website: www.neomaterials.com