Canada’s Neo Material Technologies Inc., a rare earth-based magnetic materials and magnets producer, is making steady progress at its rare earth concentrates project in Brazil, the company’s president and CEO, Constantine Karayannopoulos, told IM.
“The rare earths project in Brazil is on track as planned and we are keeping to a tight schedule. As such, we could move much faster than a greenfield project once we can produce the right mineral concentrate,” Karayannopoulos said.
Toronto-based Neo Material entered a strategic partnership with Mitsubishi Corp. in July 2009 for the identification, development and commercialisation...