Neo Performance Materials Inc (TSE:NEO) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Neo Performance Materials has completed the sale of its 80% stake in the Quapaw, Oklahoma Rare Metals Facility to Kevin Reading for $1.5 million. This strategic move aligns with Neo’s efforts to streamline its operations and optimize its asset portfolio for long-term growth. The deal includes a seven-year supply agreement between Quapaw and Neo’s recycling facility.
For further insights into TSE:NEO stock, check out TipRanks’ Stock Analysis page.