Neo Performance Materials

Last week, Neo’s Silmet team hosted the International Energy Agency (IEA) for its Critical Minerals Country Review of Estonia.

The IEA delegation visited both of our Estonian operations — NPM Silmet in Sillamäe and our permanent magnet plant in Narva — to see Neo's "molecules to magnets" model firsthand: one of Europe's few integrated rare earth value chains.

The takeaway: Estonia is the EU's most understated rare-earth asset and a real anchor for European supply chain resilience.

Thank you to the IEA's energy security team, our guests from Norway and Finland, and our partners across Estonia's Ministry of Economic Affairs and Communications, Ministry of Climate, and Enterprise Estonia.

Mark your calendar: Tuesday, June 2 at 2:00 PM EST

President & CEO Rahim Suleman will walk through the Neo story - our advanced materials platform, growth strategy, and where we're headed - followed by a live Q&A.

If you're an investor, analyst, or simply following the rare earth and advanced materials space, this is a chance to hear the NEO story and put your questions on the table.

Register here: https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-tsx-neo-otcqx-nopmf-8k2WZGmM32

Neo has entered into a strategic partnership with Greenland Mines to advance the Sarfartoq rare earth project.

This transaction reinforces Neo’s focus on its midstream and downstream strategy while maintaining equity exposure and future offtake potential in a promising rare-earth development.

A disciplined approach to capital allocation—positioning Neo to create long-term value across the supply chain.

Read more: https://www.neomaterials.com/neo-partners-with-greenland-mines-to-advance-sarfartoq-rare-earth-project

Record quarter. Raised guidance.

Neo delivered an exceptional quarter in Q1 2026 — with Adjusted EBITDA more than doubling year-over-year to $36.2 million, driven by disciplined ex*****on and favourable pricing across our critical materials portfolio.

On the strength of these results and a healthy demand outlook, we've raised our full-year Adjusted EBITDA guidance to $100–$110 million.

Highlights from the quarter:
✅ Produced our one-millionth magnet at our European Permanent Magnet facility
✅ Commissioned a heavy rare earth separation line at our Silmet facility in Estonia — with all processing completed in Europe
✅ Announced a multi-year AI research partnership with TalTech - Tallinn University of Technology
✅ All three business segments — Magnequench, Chemicals & Oxides, and Rare Metals — improved year over year
As the world accelerates its focus on supply chain security for critical materials, Neo is positioned at the centre of the solution.

Read the full Q1 2026 results here: https://www.neomaterials.com/neo-performance-materials-reports-first-quarter-2026-results/