Neo Performance Materials signs MOU with Rainbow Rare Earths for Phalaborwa rare earth offtake

Bitget2026/09/24 06:00

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Neo Performance Materials signed an MOU with Rainbow Rare Earths covering technical support, rare earth separation technology, and offtake from Phalaborwa, South Africa.
Offtake rights cover 40% of annual separated NdPr oxide output, 65% of annual mixed heavy rare earth carbonate production.
Neo will support design and optimization of the final solvent extraction separation circuit; testing is underway in Estonia, pilot work planned in Johannesburg.
Parties will assess toll treating the remaining 35% of mixed carbonate at Neo facilities, returning separated products to Rainbow.
Arrangement targets additional magnet rare earth feedstock for Neo’s European operations from phosphogypsum waste, reducing reliance on new mining.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neo Performance Materials Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202609240200CANADANWCANADAPR_C3224) on September 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Neo Performance Materials signs MOU with Rainbow Rare Earths for Phalaborwa rare earth offtake

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