Source: Neo Performance Materials Inc

Source: Neo Performance Materials Inc

May 20, 2026 16:20 ET

Neo Performance Materials

Announces C$100 Million

Bought Deal Treasury

Offering of Common Shares

The base shelf prospectus is accessible, and the

prospectus supplement will be accessible within

two business days through SEDAR+

Not for distribution to U.S. news wire services or dissemination in the United States.

TORONTO, May 20, 2026 (GLOBE NEWSWIRE) -- Neo Performance Materials Inc. (“Neo” or the

“Company”) has announced today that it has entered into an agreement with a syndicate of

underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a

bought deal basis 3,480,000 common shares (the “Common Shares”), at a price of C$28.75 per

Common Share for gross proceeds of approximately C$100 million (the “Offering”). The Company

has granted the underwriters an option, exercisable at the offering price for a period of 30 days

following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover

over-allotments, if any, and for market stabilization purposes. The Offering is expected to close on or

about May 28, 2026 and is subject to Neo receiving all necessary regulatory approvals, including the

approval of the Toronto Stock Exchange.

The net proceeds of the Offering will be used for equipment and automation at the Company's

European facilities, expansion of the bonded magnetics business and general corporate purposes.

The Common Shares will be offered by way of a prospectus supplement to the Company’s short

form base shelf prospectus dated May 20, 2026 in all of the provinces of Canada other than Quebec,

and may also be offered by way of private placement in the United States.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933,

as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or

sold in the United States absent registration or any applicable exemption from the registration

requirements of the U.S. Securities Act and applicable U.S. state securities laws. This release shall

not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor

shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale

would be unlawful.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efciency 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 ofces in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo

has a global platform that includes manufacturing facilities located in Canada, Estonia, China,

Germany, 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 identied 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. Specic forward-looking statements in this news release include, but are not

limited to, expectations regarding certain of Neo's future results and information, expected use of

cash balances, continuation of prudent management of working capital, source of funds for

ongoing business requirements and capital investments, and other risks present in the jurisdictions

in which Neo, its customers, its suppliers, and/or its logistics partners operate. 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.

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 lings that are available under Neo’s prole at www.sedarplus.ca.

Information Contacts

Investor Requests:

Jim Fitzpatrick

SVP, Investor Relations & Communications

(416) 367-8588 ext. 7318

email: [email protected]

Media Requests:

Vasileios Tsianos

SVP, Corporate Development

(416) 367-8588 ext. 7335

email: [email protected]