Neo Performance Materials to acquire exploration license for Sarfartoq rare earth project from Hudson Resources

Hudson Resources Inc. and Neo Performance Materials Inc. announced a binding agreement for Neo to acquire an exploration license covering the Sarfartoq Carbonatite Complex in southwest Greenland. The project hosts neodymium and praseodymium deposits for rare earth permanent magnets.

“The Project hosts a mineral deposit that is enriched in neodymium and praseodymium, two essential elements for rare earth permanent magnets used in electric vehicles, wind turbines, and high-efficiency electric motors and pumps.”globenewswire.com

• 1 source
• globenewswire.comHudson Resources and Neo Performance Materials SignHudson Resources Inc., Neo Performance MaterialsAug 22, 2022

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