Neo Performance Materials partners with Carester to secure European heavy rare earth supply chain

• Neo Performance Materials signed a binding term sheet with France-based Carester to build out a European rare earth magnet supply chain.
• Deal targets supply of dysprosium oxide, terbium oxide from Carester’s Caremag plant for Neo’s European sintered magnet facility.
• Commercial production at Neo’s European sintered magnet plant is expected in H2 2026.
• Manufacturing swarf from magnet production will be sent to Carester for recycling, returning recovered rare earth oxides to Neo.
• Silmet in Estonia will toll-process Carester mixed rare earth carbonate, keeping light rare earth output while returning heavy rare earths.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neo Performance Materials Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202608310700CANADANWCANADAPR_C3905) on August 31, 2026, and is solely responsible for the information contained therein.