Neo Performance Materials is trading 6.93% up at $23.49 after completing the Sarfartoq Project transaction with Greenland Mines.
- The transaction was completed on September 2, 2026.
- It delivered US$20 million in cash and US$15 million in Greenland Mines shares.
- Neo retained an equity stake and offtake rights for up to 60% of future production; the rare-earths transaction is the clearest catalyst behind the sharp move.