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Joint Communiqué in Support of Expanding Valued-Added Rare Earth Product Manufacturing in Estonia
Joint Communiqué in Support of Expanding Valued-Added Rare Earth Product Manufacturi...
About this update from Neo Performance Materials, Inc.
[{"type":"text","content":"\n \n \n \n Joint Communiqué in Support of Expanding Valued-Added Rare Earth Product Manufacturing in Estonia\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Republic of Estonia Ministry of Economic Affairs and Communications\n \n \n and\n \n \n Neo Performance Materials\n \n \n \n TALLINN, Estonia\n \n ,\n \n Nov. 17, 2021\n \n /CNW/ - A joint effort between the Estonian Ministry of Economic Affairs and Communications and Neo Performance Materials (TSX: NEO) has been launched to explore a possible expansion of Neo's current production of advanced rare earth element (\"REE\") products in\n \n Estonia\n \n , and well as to potentially launch new manufacturing of REE-based metals, alloys, and magnetic materials for use in electric vehicles and other green technologies.  Statements by the participants in this joint communiqué follow.\n \n \n \n \n \n \n \n \n \n \n Statement of\n \n Andres Sutt\n \n , Minister of Entreprenuership and Information Technology:\n \n \n \n \"On behalf of the Ministry of Economic Affairs and Communications for\n \n Estonia\n \n , I would like to thank Neo Performance Materials for considering\n \n Estonia\n \n as its preferred location for expansion, as you are planning an investment to expand your production capacity of value-added rare earth products, including possibly establishing a new facility to make rare earth metals and magnetic materials, in Ida-Viru County.\n \n \n \"NPM Silmet has been a major contributor to the Estonian economy. Future investments of Neo as they have been introduced to us by your team would not only support the creation of new jobs and higher value-added products and introduce new green technologies in\n \n Estonia\n \n but also facilitate a stronger and more autonomous rare earths and magnets value chain in the EU. We are also pleased with Neo's plans to incorporate material recycling and other environmentally beneficial processes in a new RE magnet manufacturing plant that it considers buildin...