Critical Minerals Factbook
Federal instrument · Grant

EU Just Transition Fund EUR 14.5 million for Neo Performance Materials' Narva magnet plant

EUR 14.5 million from the EU Just Transition Fund supporting Neo Performance Materials' sintered NdFeB permanent magnet plant in Narva, Ida-Viru County, Estonia. The European Commission's 19 September 2025 newsroom item reports the opened factory as supported by EUR 14.5 million from the Just Transition Fund, and Neo's 22 September 2025 grand-opening release confirms Just Transition Fund co-funding. The support is recorded as obligated at the reporting date: the plant it funded had opened, but neither source gives the award date or grant conditions.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.

Financial state: Obligated

Program: EU Just Transition Fund · European Commission

Terms

Amount€14.5M (EUR 14.5 million from the EU Just Transition Fund as stated in the European Commission newsroom item; no cost-share or award-date detail given)

Immutable financial events

  1. Sep 19, 2025 · Obligated

Operational milestones are displayed on the linked facility line, not duplicated in this ledger.

Sources