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Neo Secures US$50 million Credit Facility for Sintered Magnets Facility in Europe

Newswire.ca - Mon Nov 4, 6:00AM CST

TORONTO, Nov. 4, 2024 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) is pleased to announce it has entered into a loan agreement ("Loan Agreement") with Export Development Canada ("EDC") for a term loan of up to US$50 million (the "Credit Facility") to finance the on-going construction of the sintered magnets facility in Narva, Estonia (the "Project").

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