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Why a $35 Million Greenland Rare Earth Deal Just Put One Small-Cap on Every Investor's Radar
Why a $35 Million Greenland Rare Earth Deal Just Put One Small-Cap on Every Investor's Radar ...
About this update from Neo Performance Materials, Inc.
[{"type":"text","content":"\n\n\nWhy a $35 Million Greenland Rare Earth Deal Just Put One Small-Cap on Every Investor's Radar\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.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nIssued on behalf of Greenland Mines Ltd.A Toronto-listed industry leader is handing the keys to one of Greenland's most strategically valuable rare earth projects to a new Nasdaq-listed developer — and staying on as a partner.NEW YORK, May 21, 2026 /CNW/ -- USA NEWS GROUP News Commentary — The rare earth sector just got a fresh jolt of momentum. Rare earth elements — the 17 metals that power EV motors, wind turbines, fighter jets, robots, and just about every advanced electronic device — have become one of the most fought-over commodities on the planet. According to S&P Global, the supply of rare earths remains one of the least diversified among all critical minerals, with China still controlling roughly 61% of global mining and 91% of global refining capacity. [1]\n\n\n\n\n\n\n\nThat dependence has become a problem for Western governments and manufacturers. Industry analysts at S&P Global expect rare earth supply outside of China to remain tight through 2026 and 2027, especially for the heavy rare earths used in the strongest magnets. [1] This is the backdrop against which a significant Greenland rare earth deal just landed.A Strategic Shift in GreenlandOn May 21, 2026, Neo Performance Materials Inc. (TSX: NEO) (OTCQX: NOPMF) — a Toronto-based maker of rare earth magnets and advanced materials — announced that its subsidiary, together with the other shareholders, have entered into an agreement to transfer the outstanding shares of Neo North Star Resources, Inc. (NNSR) to Greenland Mines Ltd. (NASDAQ: GRML). NNSR holds the exploration license for the Sarfartoq Carbonatite Complex in southwest Greenland — a project rich in neodymium and praseodymium, the two most important rare earths for permanent magnets. [2]The total consideration is US$35 million, made up of US$20 million in cash and US$15 million in shares of G...