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President von der Leyen presents Neo's Made-in-Europe Permanent Magnet to G7 Leaders' Summit
President von der Leyen presents Neo's Made-in-Europe Permanent Magnet to G7 Leaders' Summit ...
About this update from Neo Performance Materials, Inc.
[{"type":"text","content":"\n\n\n\n President von der Leyen presents Neo's Made-in-Europe Permanent Magnet to G7 Leaders' Summit\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n June 18, 2025\n \n\n /CNW/ -\n \n Neo Performance Materials Inc\n \n . (\"\n \n Neo\n \n \" or the \"\n \n Company\n \n \") (TSX: NEO) (OTCQX: NOPMF) is proud to announce that its Made-in-\n \n Europe\n \n permanent magnet, produced in\n \n Estonia\n \n , was showcased by EU Commission President\n \n Ursula von der Leyen\n \n during the 2025 G7 Summit in\n \n Kananaskis, Alberta\n \n . Neo is delivering on its commitment to its automotive customers by providing a localized supply chain for these critical materials. Our magnets, manufactured in\n \n Estonia\n \n , are the first Made-in-\n \n Europe\n \n magnets to meet the specifications of Tier 1 traction motor manufacturers and major automotive original equipment manufacturers (OEMs).\n \n\n\n\n\n\n\n\n\n President\n \n von der Leyen\n \n in a statement from the G7 2025:\n \n\n \"I brought with me a permanent magnet. Not just any magnet—this is a rare earth permanent magnet. It was manufactured in\n \n Estonia\n \n , by a Canadian company using raw materials sourced from\n \n Australia\n \n , and supported by the EU's Just Transition Fund… And where does it end up? In German and French electric vehicles and wind turbines. This small object tells a much bigger story—a story we are writing together.\"\n \n\n\n Neo's President & CEO,\n \n Rahim Suleman\n \n , said:\n \n \"\n \n We thank President\n \n von der Leyen\n \n for highlighting our Made-in-\n \n Europe\n \n magnet at the G7 Summit. Our new magnet facility marks a significant milestone for both Neo Performance Materials and the European automotive supply chain. Delivering this facility on time and on budget demonstrates that focus, innovation, and industry collaboration are essential to overcoming today's supply chain challenges.\"\n \n\n\n Neo's new\n \n Estonia\n \n facility marks substantial progress in the global expansion o...