Wyloo announces sale of interest in Neo Performance Materials Inc

Core Points - Wyloo Consolidated Investments Pty Ltd sold 8,275,311 common shares (19.89%) in Neo Performance Materials Inc. for C$165,506,220, equating to C$20.00 per share, resulting in a complete divestment from Neo [1] - The sale was part of Wyloo's strategy to manage marketable securities for investment purposes, with potential future acquisitions of Neo shares depending on market conditions [2] Company Overview - Wyloo focuses on delivering critical minerals for the energy transition and manages a diverse portfolio of strategic investments, including nickel and rare earth projects [5] - The company operates in high-grade nickel sulphide belts and is advancing projects like Eagle's Nest and the Yangibana Joint Venture, which aims to be a significant source of Neodymium and Praseodymium [5]