Duyuru • Jun 04
NEO Battery Materials Ltd Launches High-Power And Energy FPV Strike Drone Battery NEO Battery Materials Ltd. had announced the official launch of its high-power and energy battery products specifically engineered for First-Person View (FPV) strike drones or loitering munitions (LMs), demonstrating a 82% increase in energy density and doubling in flight range compared to Chinese incumbents. NEO's new high-performance battery products address the significant supply deficit in the global defense battery market, offering one of the first non-Chinese pouch battery alternatives for FPV strike drones. The Company's Drone Battery Platform offers a secure supply for defense drone/robotics applications and ensures compliance with the U.S. Fiscal year 2026 National Defense Authorization Act, supporting eligibility for direct procurement into the Department of War and allied military organizations. Both 6.5 and 11.5 Ah products are precision-engineered to deliver improved stability and flight time under the high-intensity discharge conditions required for one-way strike drones. At identical size and dimensions, NEO's 6.5 Ah packs delivered an 82% increase in energy density compared to a commercial Chinese pack, enhancing from 129 to 235 watt-hours per kilogram (Wh/kg) or raising capacity from 3.3 to 6.5 Ah. In a simulated 250 km/h strike mission, the optimization translated into a 102.9% increase in flight range from 24.4 km to 49.5 km, given the same amperage (current delivery). The higher-capacity 11.5 Ah variant demonstrated a stronger power profile and lower temperature rise compared to a leading silicon battery product. Based on a 10C or 6-minute discharge test, NEO's cell retained 78.8% of capacity compared to 48% for its benchmark. NEO developed the product lines to meet growing demand in Ukraine and the United States, where the transition toward a non-Chinese drone supply chain has become a procurement priority. The Company is in discussions across Ukraine, the U.S., South Korea, and Japan regarding the integration of these cells into active defense systems. Serving a dual-use purpose, the FPV strike drone battery portfolio will be further distributed to drones for precision agriculture, security/inspection, and industrial logistics. To accommodate non-military use, both products are expected to retain a cycle life of approximately 1,000 (dis) charging cycles. NEO will actively support allied governments in building strategic drone inventories. Countries including Poland, Estonia, the Czech Republic, India, and Singapore are incorporating large-scale stockpiling of FPV strike drones for their national preparedness strategies. By providing a reliable alternative to Chinese-dependent components, NEO positions itself to directly support international efforts to secure drone manufacturing and ensure national security concerns are addressed through supply chain resilience. The FPV drone battery product lines are undergoing UN 38.3, KC, and other relevant certifications to validate transport and usage safety. These qualifications will enable export readiness and support seamless commercial integration across international defense and industrial markets. NEO is advancing a portfolio of next-generation battery technologies, including customized, premium cells with energy densities in the 300-150 Wh/kg range for high-performance, bespoke drone and aerospace platforms. These programs position NEO to expand beyond the mass-market FPV segment into higher-value defense and aerospace applications, supporting a multi-tier growth strategy and long-term margin expansion. For this product launch and short-term strategy, however, the Company is prioritizing the mass-market segment, where competitive price points relative to Chinese products are required to enable higher-volume deployment of FPV strike drones and loitering munitions. Duyuru • Feb 18
NEO Battery Materials Ltd. Achieves Near-Double Flight Time in Live Drone Field Test, Advancing Commercial Readiness of Non-Chinese Battery Platform NEO Battery Materials Ltd. announced the successful completion of a live surveillance drone field demonstration of its newly developed high-performance drone battery cells (the "NBM Drone Cell"), confirming the previously disclosed cell-level performance improvementstranslate directly into real-world operational gains. In a live flight test conducted using a Korean original equipment manufacturer (OEM) customer's commercial surveillance drone product, the NBM Drone Cell delivered a 98% increase in average flight time compared to the mass-produced Chinese drone battery benchmark. After multiple demonstrations, flight duration extended on average from 29.9 minutes to 59.2 minutes under equivalent operating parameters. The test was conducted at an altitude of approximately 70 feet under cold-weather conditions of -3 to -5 degrees Celsius (23 - 26 F). The prolonged flight time was driven by NBM Drone Cell's high-performance specifications of 755 Wh and 260 Wh/kg at the pack-level, representing energy capacity and densityenhancements of 55% and 29%, respectively, compared to the Chinese benchmark. In addition, NEO's high-quality manufacturing produced a more stable voltage profile, enabling low-voltage operations while ensuring safety against power loss and operational failure (crash). The Company will expedite structured customer and government evaluations for commercial integration and expand engagement with drone and UAS manufacturers in the U.S. and NATO countries. Drone and UAS applications represent a key catalyst segment within the global lithium-ion battery market, which was estimated at approximately USD 9.1 billion in 2025 and is projected to exceed USD 29 billion by 20321. As defense, industrial, and consumer UAV (unmanned aerial vehicle) usage scales, battery technology must evolve to meet rigorous performance requirements. Concurrently, advances in faster-charging architecture and complex BMS are broadening the drone/UAS market, enabling longer, safer operations and more efficient energy utilization. As a result, the synergy between drone platform advancement and battery innovation will be a major driver of sustained growth across both markets. Duyuru • Feb 11
Neo Battery Materials Ltd. Appoints Chang-Jun Ko as Independent Director NEO Battery Materials Ltd. appointed 4-star General (Ret.) Chang-Jun Ko, former South Korean Army Chief of Staff, to its Board of Directors as an independent director, strengthening the Company's strategic integration with South Korea's defense sector and government stakeholders. General Ko is a highly respected senior military leader of the Republic of Korea (ROK) Army, having most recently served as Acting Chief of Staff of the ROK Army and as the 46th Commander of the Second Operational Command. Over a 36-year distinguished military career, he has held multiple senior command and leadership roles overseeing complex defense operations, force readiness, and large-scale military organizations across the Korean Peninsula. The appointment reflects NEO's focus on expanding its engagement within South Korea's defense and national security ecosystem as the Company advances high-performance battery technologies for drones, unmanned systems (UAS), and defense-related technology applications. General Ko brings deep expertise in field-use requirements and procurement protocols within the ROK Army and the Ministry of National Defense, including active relationships across defense, government, and relevant public-sector organizations. As a board member, General Ko will provide strategic and operational guidance on defense sector engagement and effective pathways for navigating Korea's military procurement and acquisition process. His experience and insights are expected to support NEO's effort to align battery performance, quality, and costs with the standards required for military and government use. Duyuru • Jan 22
NEO Battery Materials Ltd. announced that it has received CAD 7 million in funding On January 21, 2026, NEO Battery Materials Ltd. closed the transaction. The company announced that it has issued 11,666,667 units at a price of CAD 0.60 per unit for aggregate gross proceeds of up to CAD 7,000,000.20. Each unit consists of one common share and one non-transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one common share at an exercise price of CAD 0.85 for a period of 36 months from the closing date of the offering. In connection with the Offering, the Company paid an aggregate cash commission of CAD 420,000 and 700,000 non-transferable stock options of the Company exercisable at an exercise price of CAD 0.60 for a period of 36 months from the closing date of the Offering. The Offering is not a Related Party Transaction as defined by Multilateral Instrument 61-101 – Protection of
Minority Security Holders in Special Transactions (“MI 61-101”) and therefore is not subject to TSXV Policy 5.9. The Offering is subject to final acceptance of the TSXV. Duyuru • Jan 17
NEO Battery Materials Ltd. announced that it expects to receive CAD 7 million in funding NEO Battery Materials Ltd. announced a non-brokered private placement of up to 11,666,667 units at a price of CAD 0.60 per unit for aggregate gross proceeds of up to CAD 7,000,000.20 on January 16, 2026. Each unit consists of one common share and one non-transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one common share at an exercise price of CAD 0.85 for a period of 36 months from the closing date of the offering. The company may compensate certain eligible finders under the offering and may pay a cash commission of up to 6% of the gross proceeds and issue such a number of finder's options of up to 6% of the total number of units issued. The offering is subject to final acceptance of the TSXV. The Units under the Offering are being offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available under Section 2.3 of Ontario Securities Commission Rule 72-503 – Distributions Outside Canada ("OSC 72-503"), and accordingly, the securities issued pursuant to OSC 72-503 will not be subject to resale restrictions.
On the same day the company announced that it has closed the order on its non-brokered private placement With institutional investor support, the Offering has been fully subscribed. The closing is expected to occur by or around the week of January 19, 2026, or a later date that may be determined by the Company or approving entities. The Offering is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional acceptance by the TSX Venture Exchange ("TSXV"). Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Lead Member of Scientific Advisory Board & Independent Director Dongmok Whang was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 