Canada's Neo gains on MoU with Bosch

Neo Performance Materials

19/09/2025 14:54

Corrects to Canadian dollar in first bullet

** Shares of Canadian rare earth company Neo Performance Materials NEO.TO up 2.73% at C$17.3

** NEO signs multi-year Memorandum of Understanding with Robert Bosch GmbH (Bosch)for high-performance magnets

** The deal solidifies Neo's role as a strategic supplier-of-choice for magnets to automotive applications and beyond, the co says

** Neo will reserve significant annual magnet production capacity for Bosch

** Including session's move, stock up 116.5% YTD

 (Reporting by Dharna Bafna)

 ((Dharna.bafna@thomsonreuters.com))