Drone wars deepen West’s critical minerals squeeze
Drones deployed in the Russia-Ukraine war account for an estimated 4% of global germanium demand, adding pressure to a small critical minerals market dominated by China, according to BMO Capital…
Neo Performance Materials
Greenland Mines buys rare earth project from Neo Performance for $35M
Greenland Mines (Nasdaq: GRML) is acquiring an advanced exploration asset that is prospective for magnet rare earths neodymium and praseodymium. Charlotte, North Caroline-based Greenland Mines will buy the Sarfartoq project…
Neo Performance begins producing heavy rare earths at Estonia plant
Neo Performance Materials (TSX: NEO) has produced its first batch of heavy rare earth elements following the successful commissioning of the solvent extraction line at its Silmet plant in Estonia….
Neo Performance opens Europe’s first REE magnet plant
Neo Performance Materials (TSX: NEO; US-OTC: NOPMF) has officially opened its $75-million facility in Estonia, becoming the first to mass produce rare earth magnets for Europe’s automotive and wind energy…
Wyloo, Hastings form Yangibana rare earths JV
Australian tycoon Andrew Forrest’s Wyloo has agreed to form an unincorporated joint venture with Hastings Technology Metals (ASX: HAS) for the Yangibana rare earths and niobium project in Western Australia….
Uranium producer Energy Fuels acquires Base Resources for US$241M
Uranium and rare earths producer Energy Fuels (TSE: EFR; NYSE: UUUU) has agreed to acquire 100% of the issued shares in Base Resources (ASX: BSE; AIM: BSE), in a deal…
Neo Performance starts Estonia rare earth magnet plant build under new CEO
Neo Magnequench, a division of Canadian permanent magnet manufacturer Neo Performance Materials (TSX: NEO) has broken ground on its first rare earth magnet manufacturing plant build in Europe. The facility in Narva,…
Neo Performance Materials preps to drill at Greenland rare earths project as CEO steps down
Canadian-based permanent magnet manufacturer Neo Performance Materials (TSX: NEO) is preparing for its first exploration program at its Sarfartoq rare earths project in Greenland, just as its CEO and founder…
West faces daunting task to compete with China in critical minerals race, says Neo Performance CEO
Engaging in the global critical minerals market means facing up to the huge challenge presented by China, says Neo Performance Materials‘ (TSX: NEO) CEO and president Constantine Karayannopoulos. Speaking during an…
Wyloo Metals invests A$150M in rare earths developer to fund stake in Neo Performance Materials
Four months after closing the acquisition of Canada’s Noront Resources and its Eagle’s Nest project in Ontario’s Ring of Fire, one of the world’s largest undeveloped high-grade nickel sulphide deposits,…
Neo Performance Materials inks deal to acquire Hudson Resources’ rare earths project in Greenland
Neo Performance Materials (TSX: NEO) will acquire an exploration licence from Hudson Resources (TSXV: HUD) for its Sarfartoq Carbonatite Complex in southwest Greenland, under a binding agreement announced Monday. The…
Energy Fuels ships first consignment of rare earth carbonate to Europe
Energy Fuels (TSX: EFR; NYSE; UUUU) has shipped the first container of 20 tonnes of mixed rare earth carbonate concentrate to Neo Performance Materials’ (TSX: NEO) Silmet rare earth separation facility in Sillamae, Estonia….