Neo Performance Materials, Inc. engages in the manufacture of metal-based functional materials. It operates through the following segments: Magnequench; Chemicals and Oxides; and Rare Metals. The Magnequench segment focuses in the production of magnetic powders used in bonded and hot deformed fully dense NdFeB magnets. The Chemicals and Oxides segment manufactures and distributes a range of light and heavy rare earth functional materials. The Rare Metal segment sources, produces, reclaims, refines, and markets metals and compounds. The company was founded on September 12, 2017 and is headquartered in Toronto, Canada.