Neo Performance Materials Inc (TSE:NEO) has released an update.
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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.
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