Verified Nov 2026
Metal Fabrication
·
Toronto, Ontario
·
Since 2018
Neo Performance Materials is a public company headquartered in Toronto, Ontario, Canada, founded in 2018 after acquiring the assets of Molycorp Inc. It manufactures rare earth magnetic powders, magnets, specialty chemicals, metals, and alloys, and has 1,000 to 5,000 employees. Its products serve the automotive, electric vehicle, electronics, appliance, medical, and plumbing hardware industries. In September 2026, the company reported advancing to commercial production at its European facility.
Neo Performance Materials at a glance
Revenue
487.2M
Employees
1,000-5,000
Founded
2018
Headquarters
Toronto, Ontario
Ownership
Publicly traded (TSX: NEO.TO)
Industries
Automotive
Electric Vehicles
Electronics
Appliance
Medical
Plumbing & Hardware
Overview
Neo Performance Materials is a public company headquartered in Toronto, Ontario, Canada, founded in 2018 after acquiring the assets of Molycorp Inc. It manufactures rare earth magnetic powders, magnets, specialty chemicals, metals, and alloys, and has 1,000 to 5,000 employees. Its products serve the automotive, electric vehicle, electronics, appliance, medical, and plumbing hardware industries. In September 2026, the company reported advancing to commercial production at its European facility.
At a glance
Attribute | Detail |
|---|---|
Founded | 2018 |
Headquarters | Toronto, Ontario |
Employees | 1,000-5,000 |
Revenue | 487.2M |
Ownership | Publicly traded (TSX: NEO.TO) |
Primary capability | Metal Fabrication |
What Neo Performance Materials makes
Its operations are organized into four business units, Magnequench, Chemicals & Oxides, Rare Metals, and Water Purification, and its product lines include electronics materials, emissions-related materials, and tooling-related products.
Products and capabilities described on the company's own site include Electronics, LED, Bearing, Emissions, Tooling (source: neomaterials.com).
Latest developments
2026-10-20 — Neo’s European Integrated Magnet Project Selected for €126 Million Grant Under EU Innovation Fund - Neo Performance Materials (neomaterials.com)
2026-10-14 — Neo’s European Separation Facility Named a Strategic Project Under EU Critical Raw Materials Act - Neo Performance Materials (neomaterials.com)
2026-09-14 — Neo Advances to Commercial Production at European Facility (neomaterials.com)
2026-05-20 — Neo Performance Materials Announces C$100 Million Bought Deal Treasury Offering of Common Shares - Neo Performance Materials (neomaterials.com)
2026-03-02 — Neo And Cyclic Materials Sign Non-Binding MOU (neomaterials.com)
2025-09-22 — Neo Opens State-of-the-Art Permanent Magnet Facility in Europe (neomaterials.com)
Facilities
Neo Performance Materials is headquartered in Toronto, Ontario. Public sources also reference these locations:
Estonia — neomaterials.com
Narva, Estonia — neomaterials.com
Zibo, China — neomaterials.com
Europe TORONTO, Canada — neomaterials.com
Company details
Neo Performance Materials is listed publicly under the ticker NEO.TO, and in May 2026 it announced a C$100 million bought deal treasury offering of common shares. Neo Performance Materials was founded in 2018, has an estimated 1,000-5,000 employees, and is headquartered in Toronto, Ontario.
Frequently asked questions
What does Neo Performance Materials make?
Neo Performance Materials is a public company headquartered in Toronto, Ontario, Canada, founded in 2018 after acquiring the assets of Molycorp Inc. It manufactures rare earth magnetic powders, magnets, specialty chemicals, metals, and alloys, and has 1,000 to 5,000 employees. Its products serve the automotive, electric vehicle, electronics, appliance, medical, and plumbing hardware industries. In September 2026, the company reported advancing to commercial production at its European facility.
Where is Neo Performance Materials headquartered?
Neo Performance Materials is headquartered in Toronto, Ontario (121 King St W, Toronto, Ontario, M5H 3T9).
When was Neo Performance Materials founded?
Neo Performance Materials was founded in 2018.
How big is Neo Performance Materials?
Neo Performance Materials has an estimated 1,000-5,000 employees, with revenue in the 487.2M range.
Is Neo Performance Materials publicly traded?
Publicly traded (TSX: NEO.TO). Public financial figures are drawn from its filings.
Related suppliers
Explore other suppliers in the LightSource directory:
Last verified Nov 2026. Is this your company? Request a correction.
Location & contact
Evaluating suppliers like these?
This profile comes from a public-data sample of around 1,000 companies. Book a demo to see the full LightSource marketplace and supplier discovery platform — 1M+ credible suppliers, with AI-run sourcing events.