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Cision Canada
18-06-2025
- Automotive
- Cision Canada
President von der Leyen presents Neo's Made-in-Europe Permanent Magnet to G7 Leaders' Summit
TORONTO, June 18, 2025 /CNW/ - Neo Performance Materials Inc. (" Neo" or the " Company") (TSX: NEO) (OTCQX: NOPMF) is proud to announce that its Made-in-Europe permanent magnet, produced in Estonia, was showcased by EU Commission President Ursula von der Leyen during the 2025 G7 Summit in Kananaskis, Alberta. Neo is delivering on its commitment to its automotive customers by providing a localized supply chain for these critical materials. Our magnets, manufactured in Estonia, are the first Made-in-Europe magnets to meet the specifications of Tier 1 traction motor manufacturers and major automotive original equipment manufacturers (OEMs). President von der Leyen in a statement from the G7 2025: "I brought with me a permanent magnet. Not just any magnet—this is a rare earth permanent magnet. It was manufactured in Estonia, by a Canadian company using raw materials sourced from Australia, and supported by the EU's Just Transition Fund… And where does it end up? In German and French electric vehicles and wind turbines. This small object tells a much bigger story—a story we are writing together." Neo's President & CEO, Rahim Suleman, said: " We thank President von der Leyen for highlighting our Made-in-Europe magnet at the G7 Summit. Our new magnet facility marks a significant milestone for both Neo Performance Materials and the European automotive supply chain. Delivering this facility on time and on budget demonstrates that focus, innovation, and industry collaboration are essential to overcoming today's supply chain challenges." Neo's new Estonia facility marks substantial progress in the global expansion of its magnetics operations. Phase 1 successfully implemented a multi-step production process—from raw materials to the final assembly of traction motor magnets. Phases 2, 3 and 4 are expected to drive further growth, with expanded operations in Estonia and new facilities planned in additional regions. These developments reflect Neo's technical expertise and operational capacity, supported by its experienced global team. Backed by over 30 years of expertise in rare earth magnetics and advanced R&D capabilities, Neo's new facility in Estonia represents a significant step in one of the key permanent magnet projects in Europe and globally. This initiative aims to scale magnet production across Europe and beyond, contributing to Neo's efforts to serve our customers with diversified supply chains for rare earth magnetics and other critical materials. About Neo Performance Materials 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 in Canada, China, Estonia, Germany, Thailand and the United Kingdom, as well as a dedicated research and development centre in Singapore. For more information, please visit Cautionary Statements Regarding Forward Looking Statements This news release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Specific forward-looking statements in this news release include, but are not limited to, the completion of construction and commissioning and launch of operations of the facility in Narva; integration of operations of the new facility in Narva, Estonia and Neo's rare earth separation facility in Sillamäe, Estonia; and other matters relating thereto. In making the forward-looking information in this news release, the Company has applied certain factors and assumptions that are based on its current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information. There are many risk factors associated with the negotiation and drafting of a definitive offtake agreement and the terms and conditions of such agreement. A number of factors could cause actual results to differ materially from those anticipated by the Company, including but not limited to the risks and uncertainties inherent in the nature of the Transaction, including the risks of a material adverse change to the Company's assets or revenues, or risks of unknown liabilities that may arise. Readers are cautioned not to place undue reliance on forward looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law. For more information on Neo, investors should review Neo's continuous disclosure filings that are available under Neo's profile at
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First Post
17-06-2025
- Business
- First Post
Why G7 is past its expiry date
G7 members recognise that the group risks being seen as increasingly irrelevant in 2025. To counter this, G7 summits have in recent years invited non-members from Asia, Africa and South America read more A landmark sign of the G7 2025 logo is seen on the lawn outside the Banff media center ahead of the Group of Seven (G7) Summit in Kananaskis, Alberta, Canada. Reuters The G7 summit in Canada this week marks the 50th anniversary of the group's founding. Formed in 1975, members of the G7 represented at the time the world's seven largest economies: the United States, Germany, France, Britain, Japan, Italy and Canada. G7 members recognise that the group risks being seen as increasingly irrelevant in 2025. To counter this, G7 summits have in recent years invited non-members from Asia, Africa and South America. STORY CONTINUES BELOW THIS AD This year's summit, from June 15-17, is being attended by India, Mexico, Brazil, Saudi Arabia, South Africa, Australia, Indonesia, South Korea and Ukraine, swelling the gathering to 16 countries. That makes it a near replica of the G20. The two notable absentees even as wars rage in Europe and the Middle East: China and Russia. Host Canada has chosen the invitees with a specific geopolitical agenda. The invitation to Indian Prime Minister Narendra Modi, for example, came with a caveat to include a dialogue on law enforcement accountability – code for blaming India for the murder of Khalistani separatist and local gangster Hardeep Singh Nijjar in June 2023. Modi's visit to Cyprus on his way to the G7 summit in Canada was tactical. Cyprus takes over the rotating presidency of the European Union (EU) Council in January 2026. It is the designated beachhead in Europe for the India-Middle East-Europe Economic Corridor (IMEC) which runs through ship, road and rail from India to Cyprus, entry point to the EU. The Cyprus visit also sends a message to Turkey which has for decades been involved in a bitter dispute with Cyprus over divisions between Turkish Cypriots and Greek Cypriots. Joining the G7 summit in Canada only at its midpoint on the second day is a clear statement of India's sharpening geopolitical priorities. STORY CONTINUES BELOW THIS AD White Canadians are British loyalist-settlers who fled north during the US war of independence against colonial Britain. The US declared independence in 1776. Canada did not. Canada's head of state remains Britain's King Charles III. Canadian prime ministers still take their oath of office from the country's governor-general who is King Charles' official representative in Canada. When US President Donald Trump said Canada would be better off as America's 51st state, he was hinting at Canada's limited sovereignty. When they fled north after the US seized independence from Britain in 1776, White Canadian colonial-settlers used the notorious 'Doctrine of Discovery' to occupy indigenous peoples' land — land on which Native Americans had lived for millennia. The Canadian Museum of Human Rights, which opened to the public in 2014, explained the Doctrine of Discovery: 'The Doctrine of Discovery is a legal and religious concept that has been used for centuries to justify Christian colonial conquest. It advanced the idea that European peoples, culture and religion were superior to all others. STORY CONTINUES BELOW THIS AD 'The Doctrine of Discovery was set out in a series of declarations by popes in the 15th century. These declarations (known as 'papal bulls') provided religious authority for Christian empires to invade and subjugate non‐Christian lands, peoples and sovereign nations, impose Christianity on these populations, and claim their resources. These papal bulls were written at a time when European empires were embarking on widescale colonial expansion. 'The Doctrine of Discovery is still an important legal concept in Canada today even though it was written hundreds of years ago. Both French and English colonial powers in what would later be known as Canada used the Doctrine of Discovery to claim Indigenous lands and force their cultural and religious beliefs on Indigenous peoples. Once Canada was created, the Doctrine of Discovery influenced the imposition of national, colonial laws on Indigenous peoples. This is because it denies the validity of longstanding systems of Indigenous governance and sovereignty. STORY CONTINUES BELOW THIS AD 'In the Canadian context, the Doctrine of Discovery has led to the seizure of Indigenous lands and the displacement of Indigenous peoples. In March 2023, the Vatican officially repudiated the Doctrine of Discovery. In a statement, the Vatican admitted that the papal bulls on which the doctrine is based 'did not adequately reflect the equal dignity and rights of indigenous peoples.' The Vatican's statement denied that the Doctrine of Discovery was a teaching of the Catholic Church and claimed that these documents had been 'manipulated for political purposes' by colonial empires to justify their treatment of Indigenous people.' India and Canada Canadian Prime Minister Mark Carney says he wants to repair Canada's relationship with India that his predecessor Justine Trudeau ruined. But Carney's party is beholden to the same Khalistani separatists that Trudeau appeased. Canada's political leadership continues to turn a blind eye to threats by Khalistani terrorists against Indian diplomats in Canada. To deflect from its complicity in appeasing Khalistani extremists in order to stay in power, Canada's government uses the Nijjar case to allege India's involvement in his murder. STORY CONTINUES BELOW THIS AD New Delhi expelled 40 Canadian diplomats from India after Canada could not back up its allegations with evidence. Two years later, credible evidence has still not emerged of Indian involvement in Nijjar's murder, which was a likely consequence of local inter-gang rivalry. Modi will make two points clear to Carney at the summit this week: One, the Nijjar case is a fabricated diversion; and two, Canada needs India more than India needs Canada. Indian students, for example, are a rich source of revenue for Canada whose economy is reeling from inflation and unemployment. Modi's meeting with Trump on the sidelines of the summit will offer clues on the evolving India-US dynamic. By leaning toward Pakistan and its Islamist army chief General Asim Munir, the US has telegraphed a message to India: Pakistan is our mercenary partner; it kills or extradites terrorists targeting the West (ISIS and al-Qaeda); we don't interfere when Pakistan arms, funds and abets terrorists (JeM and LeT) who target India. STORY CONTINUES BELOW THIS AD What will weigh on the minds of G7 members in Canada this week is their declining influence. By 2027, only one member of the G7 — the US — will be among the world's three largest economies. It will also mark the first time in 300 years that no country from Europe will be among the three leading economies in the world. When the G7 was founded in 1975, few thought the shift in global economic power would be so swift and so decisive. Four of the G7 members built their national wealth through colonial conquest: Britain, France, Germany and Italy. All four countries had colonies in Africa and two, Britain and France, had colonies globally. The US and Canada are settler-colonies with gruesome histories of slavery and occupation of Native American land. The seventh member, Japan, briefly colonised Manchuria in China (1931-1945) and Korea (1910-1945). It has apologised to both for its brutalities. The other six G7 members have neither apologised nor paid reparations for colonial depredations and the horrific two century-long, British-run transatlantic slave trade from Africa to North America. STORY CONTINUES BELOW THIS AD These will not be part of the discussions at the 51st G7 summit in Canada. Instead, India will be vilified in private pull-aside conversations for a Khalistani criminal's murder it had no role in. It will, however, underscore why the G7 has long passed its expiry date. The writer is an editor, author and publisher. Views expressed in the above piece are personal and solely those of the author. They do not necessarily reflect Firstpost's views.
Hamilton Spectator
16-06-2025
- Business
- Hamilton Spectator
The latest: G7 meeting gets underway in Kananaskis
OTTAWA - Canada is hosting the G7 summit in Kananaskis, Alta. — Mark Carney's first major summit as prime minister. He has two days of meetings scheduled with leaders from the United States, France, Germany, Japan, the United Kingdom and Italy, as well as the European Union. The G7 helps to co-ordinate how liberal democracies respond to economic and social challenges and in recent years has gone beyond economics to focus on global security. Here's the latest. All times Eastern. — 12:50 p.m. Prime Minister Mark Carney and his wife, Diana Fox Carney, welcome G7 leaders to Kananaskis, Alta., at the Pomeroy Kananaskis Mountain Lodge. The prime minister stands on a stage in front of a G7 2025 sign and a water feature. The leaders walk down along a trail towards the stage and their names are said on a speaker. The prime minister greets the leaders, shakes their hands and takes photos with them before they step off the stage. — 11:45 Saying a deal to end his trade war with Canada is achievable, U.S. President Donald Trump tells reporters that 'we'll see if we can get to the bottom of it today.' Trump also rails against the decision to eject Russia from what was then known as the G8 in 2014. He blames former prime minister Justin Trudeau and former U.S. president Barack Obama; Trudeau only became prime minister in 2015. Prime Minister Mark Carney and Trump are meeting this morning, joined by delegations from both countries. Those in the room include Intergovernmental Affairs Minister Dominic LeBlanc, Carney's chief of staff Marco Mendicino and Canadian Ambassador to the U.S. Kirsten Hillman. The U.S. side includes Secretary of State Marco Rubio and U.S. Ambassador to Canada Pete Hoekstra. _ 11:30 a.m. Carney and Trump are meeting. The two are answering questions from media representatives who had been waiting for hours for the meeting to start. _ 11 a.m. A bilateral meeting between Carney and Trump is expected to begin shortly. It's Trump's first visit here since he started calling for Canada's annexation by the United States and since he launched his tariff war against much of the world. Trump stormed out of the last G7 summit that Canada hosted in 2018. This report by The Canadian Press was first published June 16, 2025. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
First Post
16-06-2025
- Business
- First Post
G7 faces war amid wars: It's G6 vs Trump at Canada summit
The summit, hosted by Canadian Prime Minister Mark Carney in the Rocky Mountains of Alberta, is increasingly seen as a 'G6 versus Trump' gathering read more A landmark sign of the G7 2025 logo is seen on the lawn outside the Banff media center ahead of the Group of Seven (G7) Summit in Kananaskis, Alberta, Canada. Reuters This week's G7 summit in Canada is unfolding against the backdrop of heightened geopolitical crises, with the Israel–Iran conflict abruptly overtaking the scheduled focus on Russia's invasion of Ukraine and global trade disputes involving U.S. President Donald Trump. Divergent responses to Israeli strikes The leaders of the UK and France have urged de-escalation in the Middle East, while Japan's Prime Minister Shigeru Ishiba has described Israel's actions as 'intolerable.' In contrast, President Trump has praised the Israeli strikes, calling them 'excellent.' STORY CONTINUES BELOW THIS AD Tensions emerge over trade and Ukraine The summit, hosted by Canadian Prime Minister Mark Carney in the Rocky Mountains of Alberta, is increasingly seen as a 'G6 versus Trump' gathering. Other G7 members – the UK, France, Germany, Italy, Canada, and Japan – remain united in their concerns over President Trump's tariff policies and his approach to Russia. Leaders seek unified approach to conflict Though Israel's strikes may not have involved explicit U.S. backing, the G7 leaders see Washington as holding critical leverage over Israeli Prime Minister Benjamin Netanyahu. Their aim is to influence the U.S. position and prevent further escalation in the region. G7 unity tested amid multiple crises What was intended to be a consensus-driven summit to mark the G7's 50th anniversary, focused on energy security and digital transition, has been overtaken by urgent security threats. With the Israel–Iran crisis threatening to expand, the Ukraine conflict entering its third year, and renewed tensions over U.S. trade policy, divisions among the industrialized democracies are becoming increasingly difficult to bridge.
Toronto Sun
12-06-2025
- Politics
- Toronto Sun
Protests at G7 summit in Alberta set to be largely peaceful, targeting Trump policies
Published Jun 12, 2025 • 4 minute read The parking lot of the Fenlands Recreation Centre in Banff has been chosen as the G7 2025 protest zone in the townsite. It was photographed on Thursday May 22, 2025. Photo by Gavin Young / Postmedia EDMONTON — Protests during the upcoming G7 leaders summit in Kananaskis, Alta., may be starkly different than demonstrations happening this week against immigration crackdowns in the United States. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account A University of Toronto research group that has been monitoring the meetings of world leaders since 1998 says its analysis shows Canadian protests are more peaceful and smaller. But similar to the recent demonstrations in Los Angeles, they're likely to be against the policies of U.S. President Donald Trump. 'The Los Angeles protests will add another (issue) the protesters going there already care about, but it won't do anything much more than that,' said John Kirton, director of the G7 Research Group. 'I don't think it'll bring more protesters, too. Nor will the L.A. protests delay Trump from coming here.' Prime Minister Mark Carney is hosting Trump and world leaders from France, Germany, Japan, the United Kingdom, Italy and the European Union for the three-day summit starting Sunday in the Rocky Mountains southwest of Calgary. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Leaders of several non-member countries, including India, Ukraine and Mexico, are also set to attend. The summit comes as protests in the United States continue against Trump's immigration raids, particularly his government's detainment of migrants. Hundreds of marines have joined about 4,000 National Guard troops in Los Angeles. The protests have seen clashes with police, burned cars, rubber bullets shot at journalists and arrests. In Alberta, Kirton said protests during the G7 are not expected to be the same. '(The G7's) distinctive mission from the very beginning was to promote within its own members the values of open democracy,' he said. 'In democracies, people are supposed to protest. It's an integral part.' This advertisement has not loaded yet, but your article continues below. It's unlikely Canada's government would respond to any clashes like Trump, by calling in the military, Kirton added. The remote Kananaskis location will be closed off to the public. Visuals and audio of protesters at three demonstration zones designated by the RCMP — two in downtown Calgary and one in Banff _ are to be shown to the leaders and other delegates at the summit on TV screens. Another zone at the Calgary airport won't be broadcast. Kirton said the distance between officials and protesters ensures the summit unfolds peacefully. 'Trump has been subjected to two assassination attempts, and one almost killed him. So you can see why (RCMP) have to be hypervigilant,' Kirton said. The Calgary Raging Grannies group plans to be at the protest zone at Calgary City Hall on Sunday afternoon. This advertisement has not loaded yet, but your article continues below. Mary Oxendale-Spensley, 74, said the grandmothers will be far from raging and clashing with police when they call out Trump's tariffs and his pitch to annex Canada. 'We do intend to sing,' said the retired teacher. One of their songs in the lineup: 'U.S.A., you have got a problem.' The song calls the U.S. president an 'orange blob' because of his tan, says he's 'way out of line,' and declares 'our sovereign nation will never be yours,' said Oxendale-Spensley. Ensuring Trump hears their message is vital, she said, even if it's on a screen. 'I'm a Canadian. I was Canadian when I was born. I intend to be a Canadian when I die.' RECOMMENDED VIDEO It's hard to say how many grannies will be at the protest, she added. 'My big complaint about the grannies always is that we're grannies. People get sick, people break their ankle, that kind of thing.' This advertisement has not loaded yet, but your article continues below. Protests at the last G7 summit in Kananaskis in 2002 were peaceful, Kirton said, as demonstrators were also given designated zones. 'I do remember most vividly it was very hot,' Kirton said, and there were not many protesters. 'There were so few of them and it was so peaceful that we didn't even bother to estimate a number.' Aside from protests against Trump, some are expected to address other issues — like calling for an end to the Israel-Hamas war and Russia's war in Ukraine, Kirton said. Kirton said he also anticipates a presence from Canadians who want Alberta to separate from Canada, as well as those opposed to Indian Prime Minister Narendra Modi. Tensions have been high between Canada and India since 2023, when former prime minister Justin Trudeau told the House of Commons that agents of the Indian government were linked to the killing of a Canadian activist for Sikh separatism outside a gurdwara in Surrey, B.C. This advertisement has not loaded yet, but your article continues below. The World Sikh Organization of Canada said inviting Modi to the G7 is unacceptable. The International League of Peoples' Struggles, an international alliance of grassroots organizations, is expecting about 200 people for a protest also at Calgary City Hall. Yasmeen Khan, vice-chair of the group's North America chapter, said protesters want to raise awareness about various issues, including Indigenous struggles, housing and climate change. 'We'll have banners. We'll be chanting,' she said. 'We will also have some cultural performances from some Indigenous artists and migrant youth.' Mounties said first responders are prepared for protests. 'While the number of participants may vary, we have strong situational awareness of anticipated demonstrations and are well positioned to respond accordingly,' said RCMP spokesman Fraser Logan. Celebrity Sunshine Girls Sunshine Girls Toronto Maple Leafs Columnists
