10:32 AM EST - Neo Performance Materials Inc. : Has agreed to acquire the controlling interest in SG Technologies Group Limited ("SGTec"), one of Europe's leading advanced, specialty manufacturers of rare-earth-based and other high-performance magnets for industrial and commercial markets. The purchase is expected to further expand Neo's rare earth processing and magnet manufacturing footprint in Europe in strategic alignment with the Company's plans to launch production in 2025 of sintered rare earth magnet manufacturing in Estonia for the electric vehicle, electronics, energy-saving specialized motor applications markets, and other high-growth-potential nascent technology applications that are critical to the current global energy transition. The acquisition is expected to be completed by April 21. Neo Performance Materials Inc.
shares T.NEO are trading up $0.06 at $9.23.
