🟢 Neo Performance Materials is trading 6% up today after completing Sarfartoq Project deal with Greenland Mines

Neo Performance Materials is trading 6.25% up now at CA$32.46 after announcing the September 2, 2026 closing of its Sarfartoq Project transaction with Greenland Mines.

• Neo received US$20 million in cash and US$15 million in Greenland Mines shares.
• It retains an equity stake and offtake rights for up to 60% of future production; the deal supports Neo’s stated focus on midstream and downstream growth.
• The company-specific transaction is the clearest explanation for the gain. The announcement did not explicitly reference share-price activity or trading volume, so confidence is medium.