OTC Markets Group Welcomes Neo Performance Materials Inc to OTCQX

Rhea-AI Summary

OTC Markets Group announced that Neo Performance Materials Inc (TSX: NEO; OTCQX: NOPMF), a manufacturer of advanced rare earth materials and technology components, has upgraded from the Pink market to trade on the OTCQX Best Market. The company, which specializes in materials for electrification and modern technologies, began trading under the symbol "NOPMF". The upgrade to OTCQX provides enhanced transparency for U.S. investors and allows the company to use its home market reporting standards. CEO Rahim Suleman highlighted that this move will increase Neo's visibility to U.S. investors, emphasizing the company's strong balance sheet and growing magnetics business in Europe. The OTCQX listing requires companies to meet high financial standards, follow best practice corporate governance, and comply with securities laws.

Positive

• Upgrade from Pink to OTCQX market indicates higher financial and governance standards
• Enhanced visibility and accessibility for U.S. investors could broaden shareholder base
• Strong balance sheet and growing magnetics business in Europe
• Strategic position to capitalize on increasing demand for critical materials in electrification

Negative

• None.

NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Neo Performance Materials Inc (TSX: NEO; OTCQX: NOPMF), a manufacturer of the building blocks of many modern technologies that enhance efficiency and sustainability, has qualified to trade on the OTCQX^® Best Market. Neo Performance Materials Inc upgraded to OTCQX from the Pink^® market.

Neo Performance Materials Inc begins trading today on OTCQX under the symbol “NOPMF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

Neo’s CEO, Rahim Suleman, said: "We are pleased to begin trading on OTCQX, which enhances Neo’s visibility and accessibility for U.S. investors. As a global leader in advanced rare earth materials, with a strong balance sheet and a growing magnetics business in Europe, we are well-positioned to support the accelerating demand for critical materials in electrification and other modern technologies. Trading on OTCQX provides an additional platform to broaden our shareholder base as we continue to execute on our strategic priorities and drive long-term value."

About Neo Performance Materials Inc
Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as one dedicated research and development centre in Singapore.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market, and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

What does Neo Performance Materials' upgrade to OTCQX mean for investors?

The upgrade provides U.S. investors with better transparency, easier access to financial information, and Real-Time Level 2 quotes through www.otcmarkets.com

What is Neo Performance Materials' new OTCQX trading symbol?

Neo Performance Materials trades on the OTCQX under the symbol 'NOPMF'

What are Neo Performance Materials' main business activities?

Neo Performance Materials manufactures advanced rare earth materials and technology components focused on electrification and modern technologies

What requirements did Neo Performance Materials meet for OTCQX listing?

The company met high financial standards, followed best practice corporate governance, and demonstrated compliance with applicable securities laws

How will trading on OTCQX benefit Neo Performance Materials?

Trading on OTCQX will enhance the company's visibility, accessibility for U.S. investors, and help broaden their shareholder base