Neo Performance

Greenland Mines acquired a rare earth project from Neo Performance for $35 million, with Neo retaining offtake rights on up to 60% of future production from the Sarfartoq project. This transaction provides Greenland Mines with rare earth assets while securing Neo Performance's supply chain access.

Neo Performance Materials began producing separated terbium and dysprosium oxides at nameplate capacity at its Estonia plant. This production milestone addresses critical supply shortages for heavy rare earth elements essential in high-tech manufacturing and clean energy applications.