Neo to Secure Niobium Pentoxide Offtake from Globe Metals

Neo Performance Materials

Strategic Niobium Supply Deal Strengthens Neo’s European Operations

Neo Performance Materials has entered a non-binding offtake agreement with Globe Metals and Mining for niobium pentoxide (Nb₂O₅). The Canadian advanced materials company will receive up to 150 tonnes annually from Globe’s Kanyika tantalum-niobium project in Malawi.

The material will support Neo’s rare metals production facility in Sillamäe, Estonia, enhancing its supply of key inputs for magnet and alloy technologies. Neo also gains a limited right of first refusal on tantalum and zirconium concentrates from the Kanyika project.

Globe Metals Moves Closer to Full Offtake Coverage

Globe Metals plans to launch phase one production at the Kanyika mine in early 2027. With the Neo agreement, the company has now committed most of its future niobium and tantalum output under offtake terms.

Previously, Globe signed a preliminary offtake negotiation with Singapore-based Myste Trading, covering all 14t/year of tantalum pentoxide and up to 76t/year of niobium pentoxide from the same project.

These agreements signal strong market confidence in Globe’s Kanyika deposit and help de-risk financing and development as the project nears construction.

Growing Global Demand for Strategic Metals

Niobium is a critical material used in superalloys, magnets, and energy systems, and demand continues to grow in defense, EV, and aerospace sectors. By securing stable niobium offtake, Neo strengthens its rare metals portfolio amid intensifying global competition for secure supply chains.

Meanwhile, Globe Metals positions itself as a new player in the global niobium and tantalum market, leveraging its African resource base to support European and Asian demand.

The Metalnomist Commentary

As Europe and North America race to secure non-Chinese sources of strategic metals, deals like Neo’s with Globe Metals underscore a broader trend: mid-sized projects in Africa are rapidly gaining traction as reliable inputs into global clean tech, defense, and semiconductor supply chains.