Duyuru • Jul 01
NEO Battery Materials Ltd. (TSXV:NBM) entered into a stock purchase agreement to acquire an additional 10% stake in Neo Battery Materials Korea Co., Ltd. from Automobile & PCB Inc. (KOSE:A015260) for approximately KRW 720 million. NEO Battery Materials Ltd. (TSXV:NBM) entered into a stock purchase agreement to acquire an additional 10% stake in Neo Battery Materials Korea Co., Ltd. from Automobile & PCB Inc. (KOSE:A015260) for approximately KRW 720 million on June 26, 2026. Upon completion, NEO Battery Materials Ltd. will own 90% stake in Neo Battery Materials Korea Co., Ltd.
The transaction remains subject to customary closing conditions, including the acceptance by the TSX Venture Exchange. 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"). Duyuru • Oct 29
NEO Battery Materials Ltd. announced that it has received CAD 5 million in funding On November 3, 2025, NEO Battery Materials Ltd. closed the transaction. The company announced that it has issued 9,803,921 units at a price of CAD 0.51 per Unit for aggregate gross proceeds of up CAD 4,999,999.71. Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of CAD 0.80 CAD for a period of 36 months from the closing date of the Offering or until November 3, 2028. In connection with the Offering, the Company paid an aggregate cash commission of CAD 300,000 and 588,240 non-transferable stock options of the Company exercisable at an exercise price of $0.51 for a period of 36 months from the closing date of the Offering. . Duyuru • Oct 28
NEO Battery Materials Ltd. announced that it expects to receive CAD 5 million in funding NEO Battery Materials Ltd. announced a non-brokered private placement (the "Offering") of up to approximately 9,803,921 units (each, a "Unit") at a price of CAD 0.51 per Unit for aggregate gross proceeds of up CAD 4,999,999.71 on October 27, 2025. 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 of the Company at an exercise price of CAD 0.80 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 Units under the Offering are being offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available. The Offering is subject to final acceptance of the TSXV. Duyuru • Sep 30
NEO Battery Materials Ltd. announced that it has received CAD 5.500776 million in funding On September 29, 2025, NEO Battery Materials Ltd closed the transaction. In connection with the Offering, the Company paid an aggregate cash commission of $203,806.77 to the eligible finders. Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of CAD 0.80 for a period of 36 months from the closing date or until September 29, 2028. Duyuru • Sep 23
NEO Battery Materials Ltd. announced that it expects to receive CAD 4 million in funding NEO Battery Materials Ltd announced a non-brokered private placement of up to approximately 7,843,138 units at a price of CAD 0.51 per Unit for aggregate gross proceeds of up to approximately CAD 4,000,000.38 on September 22, 2025. 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 of the Company at an exercise price of CAD 0.80 for a period of 36 months from the closing date of the Offering. The Company may compensate a cash commission of up to 6% of the gross proceeds raised from the sale of Units to subscribers directly introduced to the Company by eligible finders. 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 Duyuru • Aug 19
NEO Battery Materials Ltd. Initiates Defence & Industrial Drone Battery Cell Development Program for High-Performance Solutions NEO Battery Materials Ltd. initiate a new development program for high-performance lithium-ion batteries tailored for the growing drone and unmanned aerial vehicle (UAV) industry. The project leverages NEO's proprietary Silicon battery materials, NBMSiDE®? P-200 and P-300N, to resolve the primary limitation in drone technology - battery performance. The global drone and UAV market continues to expand across tactical defence, commercial delivery, precision agriculture, and emergency response. Despite the increasing operational demands of drones, battery performance remains the primary constraint, limiting flight time, payload capacity, and mission capability. Through this high-performance development program, NEO will deliver end-to-end battery solutions with (i) high capacity, (ii) high power output, and (iii) fast charging with reliable safety to address the demanding needs of drone and UAV manufacturers. NEO's pouch-type lithium-ion battery cells are under development, leveraging the Company's advanced silicon anode materials combined with a complex battery design fit for advanced drone systems. Two distinct battery solutions will be designed and commercialized: One incorporating the P-200 series for short-duration, ultra-high-capacity "one-time use" or tactical drones for defence and military applications; Another using the new P-300N series for long-range, heavy-duty logistics, surveillance, and agricultural drones/UAVs requiring extended cycle life and operational range. Due to capacities of 2,500 mAh/g for P-200 and 2,000 mAh/g for P -300N, both products are expected to offer performance levels that exceed conventional drone batteries while maintaining low costs. The Company's initiative builds on recent technical successes, patent advancements, and new engineering expertise in battery manufacturing, positioning NEO to enter synergistic downstream segments. Duyuru • Jul 23
Neo Battery Materials Receives Notice of Allowance for Patents on Silicon Battery for Drone and Defence-Tech Applications NEO Battery Materials Ltd. announced that the Korean Intellectual Property Office ("KIPO") has issued Notice of Allowances for two patents regarding the P-100 and P-200 silicon battery materials. NEO is in efforts to integrate the P-200 series for short-duration, high-capacity drone and defence-tech applications. With applications submitted in June 2023, KIPO has granted the Notice of Allowance to the Company regarding patents named Silicon-Based Active Anode Material for Lithium Secondary Battery and Manufacturing Method Thereof II (Silicon Patent II). The patents will be duly issued and registered upon the completion of post-filing documentation. The two patents are the first intellectual property rights independently developed by NEO aside from the existing patents licensed and developed in tandem with the Yonsei University-Industry Foundation. Both Silicon Patent I and Silicon Patent II protect the material properties and proprietary manufacturing process of theP-100 and P-200 products, respectively: Silicon Patent I secures the critical phase of milling low-cost metallurgical silicon to form a core-shell composite structure between the silicon core and an amorphous silicon oxide layer. Silicon Patent II secures the nanocoating and additive technology to create a uniform, thin polymer nanolayer on the Silicon Patent I core to manufacture the core-shell composite structure. In addition to ongoing efforts with the P-300N line for high cycle life, the Company is directing technical resources toward integrating the P-200 series for long-duration, high-capacity electronics. Offering an industry-leading capacity of 2,500 mAh/g, compared to the average pf 1,300 mAh/g, the P-200 is suitable for use in batteries for drones, defence technology systems, remote-controlled devices, and similar electronics. Duyuru • Jun 18
NEO Battery Materials Ltd. announced a financing transaction NEO Battery Materials Ltd. announced a non-brokered private placement to issue units at an issue price of CAD 0.50 per unit on June 17, 2025. Each unit consists of one common share of the company and one non-transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one common share of the company at an exercise price of CAD 0.75 for a period of 24 months from the closing date of the offering. The offering is subject to final acceptance of the TSXV. The units have been offered to purchasers outside of Canada.
On the same date the company issued 400,000 units at an issue price of CAD 0.50 for gross proceeds of CAD 200,000 under its first tranche. In connection with the offering, the company paid to the finders an aggregate cash commission of CAD 14,000 and 28,000 non-transferable warrants of the company exercisable at an exercise price of CAD 0.50 for a period of 24 months from the closing date of the offering. Duyuru • May 02
Neo Battery Materials Appoints Dr. Matthew Dawson as Senior Scientific Advisor Board NEO Battery Materials Ltd. announced the appointment of Dr. Matthew Dawson, Founder and Chief Executive Officer of Elementium Materials Inc., to the Company’s Scientific Advisory Board. Earning his Ph.D. in Mechanical Engineering from the Massachusetts Institute of Technology (MIT), Dr. Dawson is a seasoned global executive, technology founder, and investor with nearly two decades of experience in developing and commercializing next-generation energy transition technologies. Across his professional career, he has served as CEO, CTO, and Investment Director at emerging technology companies and has founded several successful startup ventures, raising over one hundred million dollars from Fortune 500 companies and world-leading private equity firms. Currently, Dr. Dawson leads Elementium Materials – a leading battery materials company developing a proprietary non-carbonate electrolyte technology that are engineered to deliver high-performance, safety, and stability to lithium-ion batteries. Previously, he has founded Utility Global, developing the world’s first electricity-free electrolyzer for clean hydrogen production. He has also served in key research positions at ExxonMobil, Chevron, and Equinor. As a Senior Scientific Advisor, Dr. Dawson will offer strategic technology and commercialization insights, accelerating the deployment or go-to-market of NEO’s silicon anode materials. Moreover, for the Company’s growth trajectory, he will actively support through his vast domain and connections with globally-leading companies and private capital. Duyuru • Apr 26
NEO Battery Materials Ltd Appoints Kenneth Hoffman to its Board of Directors, Effective from April 25, 2025 NEO Battery Materials Ltd. announced the appointment of Mr. Kenneth Hoffman, CFA, CIM, to its Board of Directors, effective April 25, 2025. Mr. Hoffman is an internationally distinguished expert in battery materials with over 30 years of experience in investment management, energy, and metals and mining. Previously, Mr. Hoffman was the Global Head of Battery Materials at McKinsey & Company, where he advised on strategic planning, supply chain integration, and capital raising for clients across the global battery value chain. He has conducted more than 100 due diligences involving battery technologies and critical mineral assets and developed AI-enabled evaluation frameworks for leading industry stakeholders. Prior to McKinsey, Mr. Hoffman served as the Global Head of Bloomberg Metals & Mining Research at Bloomberg and has held senior investment positions as a Portfolio Manager and Global Director of Research for prominent, large-AUM funds, including Millennium Partners and MarCap Investors. As a member of NEO’s Board of Directors, Mr. Hoffman will provide strategic support for industry partnerships, battery market expansion, and corporate development, reinforcing the Company’s position as a leading battery materials innovator. Moreover, his extensive global network and expert understanding of the global battery and investment landscape will be instrumental in advancing NEO’s commercialization of its silicon anode technology. In addition to his corporate roles, Mr. Hoffman is frequently invited as a keynote speaker at international forums and conferences, including PDAC, Saudi Arabia’s Future Minerals Forum, Fastmarkets events, and London Metal Exchange conferences. He also serves as a Director of North America’s largest battery industry event, The Battery Show, and is a special advisor to Pure Lithium. Duyuru • Mar 21
NEO Battery Materials Ltd., Annual General Meeting, Jun 04, 2025 NEO Battery Materials Ltd., Annual General Meeting, Jun 04, 2025. Duyuru • Mar 19
NEO Battery Showcases Mass-Producible Silicon Battery Prototype with Highest Capacity Retention Achieved to Date NEO Battery Materials Ltd. introduced NBMSiDE P-300N, an advanced silicon anode product with the highest capacity retention achieved to date. The P-300N is a mass-producible prototype optimized to enhance battery stability while maintaining low-cost production. Building on the foundation of the P-300 silicon anode introduced in January, NBMSiDE® P-300N is the Company’s latest engineering feat with the highest capacity retention achieved to date. NEO’s R&D successfully refined the synthesis process and material characteristics while maintaining low costs and minimizing initial capacity loss. NEO’s priority is optimizing the 50-cycle average Coulombic Efficiency (CE) on the half cell using a 100% pure silicon anode. With this rigorous testing condition, a high CE over the first 50 cycles is strictly required for and determines high capacity retention in long battery performance tests of 300+, 500+, and 1,000+ cycles. Compared to predecessors, the P-300N has recorded the highest 50-cycle average CE of over 99.8%. Moreover, due to the flexibility of NEO’s synthesis method, two P-300N variations have been produced to cater to different industry needs: High-Capacity Variant: Demonstrates initial capacity over 2,000 mAh/g with an average CE of over 99.5% and maintaining performance with 50+ cycles, High-Stability Variant: Provides a balance of cycle performance and capacity with an average CE of over 99.8% with approximately 2,000 mAh/g in initial capacity. P-300N is positioned as a low-cost, competitive solution for wide applications, including 1) electronics, power tools, or drone/UAV that require high capacity with ultra-fast charging/discharging and 2) EV and energy storage that require high capacity with long-term stability. Due to surpassing half cell results, NEO is undergoing long-term full cell tests of 300+ cycles with the P-300N. With various cathode chemistries, P-300N is combined with graphite to form high-capacity silicon-graphite anodes. High capacity retention has been realized, but once all internal targets are achieved, the Company will announce technical results through a subsequent news release. With scale-up efforts initiated as of February, the P-300N will be the main product for mass-producibility testing. A key advantage of the P-300N is its adaptability to mass production without modifying existing processing equipment. After completing small-scale optimization, NEO plans to manufacture near-commercial battery cells with 3 to 5 Ah capacities with global battery value chain players. The upgraded P-300N incorporates key refinements in particle size distribution, shape control, and composite layer coating on the silicon particle. The composite layer coating offers enhanced protection against the direct contact of the silicon anode and electrolyte, mitigating capacity loss and improving cycling life. Additionally, a reinforced polymer coating network aids in mechanical stress dissipation without compromising conductivity between silicon particle structures. Duyuru • Jan 07
NEO Battery Materials Ltd. Unveils Silicon Battery Capacity, Expanding to Space Industry with Solid-State Batteries NEO Battery Materials Ltd. announced the launch of an advanced high-performance silicon anode product called NBMSiDE P-300 with breakthrough battery capacity. Alongside its core focus on electric vehicles and electronics, NEO is expanding its strategic downstream focus to the space and eVTOL industries through solid-state batteries. Recent advancements in NBMSiDE P-300 reinforce that NEO’s products are highly applicable and necessary for solid-state batteries. Solid-state batteries are recognized as the most practical battery systems for the space and electric vertical take-off and landing (eVTOL) industries due to thermal stability with a wide operating temperature range, non-flammable safety, and high energy density. Duyuru • Nov 22
NEO Battery Materials Ltd. Announces Board Changes NEO Battery Materials Ltd. announced the appointment of Mr. Seok Hyung Lee as a new independent director of the Company and the South Korean subsidiary, NBM Korea Co. Ltd., effective November 22, 2024. Mr. Seok Hyung Lee is a distinguished South Korean attorney with an illustrious legal and public service career of over 50 years. Serving in a multitude of highly acclaimed legal positions, Mr. Lee was the Lead Attorney-at-Law for the Former South Korean President and the Presiding Judge of the Seoul High Court. As part of public service, he served in federal Ministerial-level roles, including Chairperson of the Press Arbitration Commission (Committee of the Ministry of Culture, Sports, and Tourism) and Audit Commissioner of the Board of Audit and Inspection (Direct Agency of the President of South Korea). Beyond the scope of legal roles, Mr. Lee has been an Independent Director of HD Hyundai Electric (South Korea’s largest power generation and transmission company and affiliate of global conglomerate HD Hyundai) and an Independent Director of KB Capital and KB Asset Management (Subsidiary of South Korea’s largest financial institution, KB Financial Group). He is currently the managing partner of Sangyung Law Firm and has earned his LL.B. from Seoul National University College of Law. As NEO’s independent director, Mr. Lee will oversee overall corporate governance and strategy and help the Company and NBM Korea navigate through South Korea’s legal and business environments. With an extensive network in politics, finance, and commerce, he will enable NEO to establish invaluable connections and to gain further opportunities to build the Company’s battery business. NEO Battery Materials is undertaking the initiative to transition the existing board of directors into a new set of board members who are strategically aligned with the Company’s battery business. The Battery Board aims to consist of industry, finance, and governmental professionals who will deliver high impact to advance NEO’s silicon anode commercialization. The transition process is expected to be completed in the next six months. As a part of the transition process, Christopher Chung has resigned as a director of the Company. NEO would like to thank him for his contributions to date. Duyuru • Oct 29
NEO Battery Materials Ltd. announced that it has received CAD 0.8 million in funding NEO Battery Materials announced a non brokered private placement of 2,000,000 units at CAD 0.40 per unit, raising gross proceeds of CAD 800,000 on October 28, 2024. Each unit includes one common share and one-half warrant, with each whole warrant exercisable at CAD 0.75 for 24 months. No finder's fees will be paid, and shares are subject to a four-month plus one-day hold period. The offering requires final TSXV acceptance. Duyuru • Sep 09
NEO Battery Materials Ltd. (TSXV: NBM) acquired 20% stake in Neo Battery Materials Korea Co., Ltd. from Automobile & PCB Inc. (KOSE: A015260) for CAD 1.70 million. NEO Battery Materials Ltd. (TSXV: NBM) agreed to acquire 20% stake in Neo Battery Materials Korea Co., Ltd. from Automobile & PCB Inc. (KOSE: A015260) for CAD 1.708707 million on January 29, 2024. NEO acquired 0.258829 million common Shares of Neo Battery Materials Korea Co., Ltd. from Automobile & PCB Inc. Preceding the Transaction, the NEO Battery Materials Ltd. directly held 0.776487 million common Shares of Neo Battery Materials Korea Co., Ltd, representing 60% of the issued and outstanding shares of Neo Battery Materials Korea Co., Ltd. and following the closing, NEO Battery Materials Ltd now directly holds 1.035316 million Common Shares, representing 80% of the issued and outstanding shares of Neo Battery Materials Korea Co., Ltd.
NEO Battery Materials Ltd. (TSXV: NBM) completed the acquisition of 20% stake in Neo Battery Materials Korea Co., Ltd. from Automobile & PCB Inc. (KOSE: A015260) on September 7, 2024. Duyuru • Aug 14
NEO Battery Materials Ltd. Advances Silicon Anode Technology with Extended Battery Capacity Performance NEO Battery Materials Ltd. announced technological advancements in the Company's silicon anode technology - longer battery capacity retention while sustaining low costs. NEO's engineering team successfully modified the properties of existing additives to achieve the two-way coating enhancements. The new coating methods are simple yet feasible and employ widely-used additives to maintain low manufacturing costs. Implementation improves critical battery cell performance metrics - i) longer capacity retention, ii) higher, steady Coulombic efficiency (a measure of capacity retention), and iii) faster-charging rates. Coulombic efficiency is the foremost metric that determines capacity retention in battery cycling tests. NEO's silicon anode, NBMSiDE, demonstrated record-high Coulombic efficiency levels that meet or exceed industry standards and similar commercial products. This result demonstrates the product's potency in full cell designs based on pure 100% silicon or silicon-graphite mixture anodes. With optimism in advancements, NEO is producing and optimizing the product for the subsequent phases of NBMSiDE commercialization. The two-way coating enhancement also enables NBMSiDE to be compatible with carbon-based (carbonaceous) materials. This implies that silicon-carbon composite (Si-C) and silicon-graphite anode development are now Feasible for full cell designs. Due to mounting working partner and industry demand, NEO Battery Materials will release a new Si-C anode product into the NBMSiDE®? portfolio, with sample tests to be conducted soon. Two-Way Coating Enhancement: Technical Details: The first coating enhancement extensively utilizes the advantages of polymer characteristics to maximize the polymer coating processibility. This further stabilizes the silicon surface during volume expansion in battery cycling tests. Intensely preventing adverse side reactions (i.e., irreversible lithium consumption) on the silicon surface also suppresses anode delamination from the current collector. As a result, battery cell performance is directly improved with enhanced Coulombic efficiency and rate capability levels with reasonable overall specific capacity. The second coating enhancement deploys additional protective layers on the silicon surface. Like the first enhancement, the additional layers suppress adverse side reactions in which lithium-ions are consumed on the silicon surface. The layers also add mechanical strength to hamper rapid anode delamination. This coating method has exhibited increased Coulombic efficiencies with prolonged capacity retention. In July, the South Korean Ministry of Science, Information, and Communication Technology (MSIT), through the Korean Industrial Technology Association (KOITA), has certified NEO’s R&D Scale-Up Centre as a recognized “Corporate Research Institute”. Along with the Venture Enterprise Certification, this governmental certification enables NBM Korea to receive various governmental support, including benefits in national R&D projects, intellectual property rights programs, and government grants and funding. This certification will help nurture a highly effective environment for R&D and commercialization. Duyuru • Apr 18
NEO Battery Materials Ltd. Appoints Ricky Lee as Lead Managerial Advisor NEO Battery Materials Ltd. appointed Mr. Ricky Lee, a renowned battery industry pioneer, as the Lead Managerial Advisor. Mr. Ricky Lee is a 35-year battery and energy industry executive with substantial experience with battery material and cell design, mass-production technology, and equipment & process development at globally distinguished companies. Throughout his career, Mr. Lee has served as the Senior Vice President and Chief of Process Engineering at several global Korean and Chinese battery cell manufacturers, including Samsung SDI, SK Innovation, and A123 Systems. He has also served as the Chief Executive Officer of international companies and was a member of the National Research Review Committee and the WPM Operations Committee. During his tenure at SK Innovation (currently SK On), he was the Vice President of the R&D Center and successfully launched large pouch cells for HEV, PHEV, and EVs in the U.S., Europe, and South Korea. Later, appointed as SK’s battery factory manager, Mr. Lee improved the defect rate and productivity to achieve quality control of >99% per unit process. He was awarded by the South Korean Ministry of Trade, Industry, and Energy for enabling mass-production capability. At Samsung SDI, Mr. Lee was one of the first engineers to initiate large-scale battery cell production. Developing Samsung’s first lithium-polymer battery, he led the R&D of polymer cylindrical and prismatic cells and headed the productivity improvement team to enhance profitability, process efficiency, and overall workflow. Previously at Samsung, Mr. Lee was a key developer of high-capacity nickel-zinc batteries that achieved a 200 KM driving range for Hyundai. In the mid-1990s, he pioneered the development of polymer-based solid-state batteries for lithium-ion applications. Duyuru • Apr 04
NEO Battery Materials Ltd. Announces Management Changes NEO Battery Materials Ltd. announced the appointment of Dr. Dongmok Whang, NEO’s Lead Scientific Advisor, as a new Director of the Company. From joining NEO’s Scientific Advisory Board in 2021 to being appointed Lead Scientific Advisor last August, Dr. Dongmok Whang has been appointed as a new director of the Company. Dr. Whang is a distinguished scholar specializing in various advanced functional nanomaterials with wide-ranging applications, including high-energy-density electrode materials and solid-state electrolytes for secondary rechargeable batteries. With a prolific academic portfolio, he has published around 200 scholarly papers and over 80 patents. His influential research has garnered over 15,000 citations, underscoring the significant impact of his work on the field. He is a Professor at the School of Advanced Materials Science & Engineering and Advanced Institute of Nanotechnology at Sungkyunkwan University. Mr. Sung Rock Hwang has resigned as director and COO to pursue his personal interests and aspirations, and he remains a strong advocate of the Company and its mission. Duyuru • Jan 11
NEO Battery Materials Ltd. Files 9th Silicon Anode Patent for Major Manufacturing Innovation NEO Battery Materials Ltd. announced that the Company has filed the 9th patent regarding a significant development in the silicon anode manufacturing process. NEO Battery Materials has submitted the 9th patent entitled Silicone composite manufacturing method to the Korean Intellectual Property Office (KIPO). This patent protects a significant innovation in the manufacturing process of NEO’s proprietary silicon anode materials, NBMSiDE. Unique additives that are effectively adsorbed on silicon particle surfaces have been employed to prevent silicon particles’ agglomeration or clustering effect by acting as an interparticle buffer layer during manufacturing. This technological advancement enhances (i) the production yield to directly reduce manufacturing costs and (ii) the particle size distribution to allow increased uniformity and quality control. Duyuru • Nov 04
NEO Battery Materials Ltd. Announces Board Appointments NEO Battery Materials Ltd. announce Dr. Jae Ha Woo as NEO’s newly appointed Chief Science Officer. Dr. Woo is an expert specializing in the optimization of electrode materials used in lithium-ion batteries, interface modification, and all-solid-state batteries. His research expertise focuses on the synthesis of silicon anode materials for high-energy batteries in long-range EVs and on interfacial engineering for sulfide-based ASSBs. Working as a Scientific Research Engineer at General Motors’ Global R&D Centre through Optimal Inc., Dr. Woo participated in research projects regarding nanostructured silicon anode materials with artificial solid electrolyte interphase (SEI), lithium-ion battery performance optimization, and electrode material synthesis. Receiving his Ph.D. in Mechanical Engineering at the University of Colorado Boulder under the guidance of Professor Se-Hee Lee, Dr. Woo has published influential literature in international journals such as in Advanced Materials that advanced the field of silicon anodes and ASSBs. Prior to joining NEO Battery Materials, he worked as the lead research engineer at the Gwangju Institute of Green-Car Advancement, collaborating with South Korean EV battery companies for equipment process and battery testing development. The Company announced that Danny Huh has been appointed as Senior Vice President of Strategy and Operations. With a record of helping start-ups and early-stage venture companies to realize and achieve growth, go-to-market, and operational strategies, Danny has consulted public and private companies in agricultural technology, pharmaceutical and medical devices, chemical material development, and renewable energy. Danny received his Bachelor of Commerce in Finance and Economics from the University of Toronto. Preceding Chief Science Officer, Dr. Basudev Swain, will remain working for NBM Korea Co. focusing on Special Projects & Green Manufacturing Practices. The Company announces the resignation of Dr. J. H. Park as director, and the board has accepted his resignation. NEO thanks Dr. Park for his valuable contributions and wishes him success in his future endeavours. The Company is also pleased to announce that Peter Kim has been appointed as Senior Vice President of Corporate Development. Peter is an experienced management executive, serving in senior leadership positions with SME companies over the past 10 years. He has successfully executed M&A growth objectives, including strategic partnerships, joint ventures, and publicly listing companies in the U.S. and Canada. Peter’s focused discipline includes corporate development and financing activities through his extensive network of capital markets professionals including issuers, institutional investors, and accredited private investors. Duyuru • Oct 11
NEO Battery Materials Ltd. announced that it expects to receive CAD 5 million in funding NEO Battery Materials Ltd. announced a private placement of a minimum of 12,187,500 and up to a maximum of 15,625,000 units of the company at a price of CAD 0.32 per unit for the gross proceeds of up to a minimum of CAD 3,900,000 and a maximum of CAD 5,000,000 on October 10, 2023. Each unit shall consist of one common share and one non-transferable common share purchase warrant. Each warrant shall be exercisable into one common share of the company at an exercise price of CAD 0.75 for a period of 24 months after the closing date. The transaction is expected to be completed on or about October 31, 2023. Duyuru • Aug 17
NEO Battery Materials Ltd. Achieves Exceptional Silicon Battery Performance with Improved Uniform Nanocoating Innovation NEO Battery Materials Ltd. announced exceptional testing results in silicon battery performance from NEO's improved uniform nanocoating innovation. As announced on April 18, 2023, NEO achieved a significant manufacturing innovation of uniformly nanocoating silicon with strong polymer layers. This milestone helped extend the battery cycle life or capacity retention by effectively controlling the silicon's volume expansion problem. Before this innovation, non-uniform coatings led to mechanical breakdowns, resulting in inadequate performance of silicon batteries. Over the past months, the R&D engineering team further optimized the uniform nanocoating capability with chemical additives and rigorously performed battery charge/discharge (cycling) tests. Several iterations have successfully validated the performance enhancement from robust uniform nanocoating, proving a substantial difference in cycle life/capacity retention between non-uniformly and uniformly nanocoated silicon anodes. The best-manufactured samples have demonstrated over a 70% increase in cycle life improvement compared to the previous best batch. The Company announced that the Korean Intellectual Property Office has duly registered the trademark application for NEO's silicon anode material, NBMSiDE®?. After waiting for 18 months for approval, in accordance with the Trademark Act, a trademark has been registered at the KIPO under the classes of active negative polar substances for secondary cell batteries. Duyuru • May 12
NEO Battery Materials Ltd. to Conduct Additional Optimized Evaluations with Global Battery Manufacturers & EV Automakers and Files Two Key Silicon Anode Patents NEO Battery Materials Ltd. announced that the company will conduct additional product evaluation with global battery manufacturers and EV automakers after garnering substantial interest from the uniform nanocoating capability. Two additional patents related to material properties and manufacturing have been filed, targeting an IP portfolio of 15 by the end of the year. Additional Product Evaluation with Global Battery Manufacturers & EV Automakers. For the past month, NEO Battery Materials has signed over 10 NDAs with global-tier companies, including battery cell manufacturers, EV automakers, electronics manufacturers, and Asia-Pacific conglomerates. NDA partners have formed and expressed considerable interest in NBMSiDE™ or NEO’s silicon anode materials’ uniform nanocoating capabilities and low-cost characteristics. Downstream users have been particularly attracted to NEO’s high energy capacity, communicating the potential for application in all battery systems, electronics, and aviation. Accordingly, NEO will undertake additional optimized product evaluation with these NDA parties. Existing evaluations with global battery manufacturers and industry players have reinforced the commercial viability and benefits of NBMSiDE™, and larger-scale battery cell testing with optimized conditions is being conducted with several partners. 7th & 8th Patent Filed for Silicon Anode Materials & Manufacturing Process. Following last month’s patent application, the Company has submitted two additional patents related to the material properties and manufacturing of NBMSiDE™. NEO Battery Materials is targeting 15 patents issued and pending by the end of the year to form an extensive and robust IP portfolio. Currently, three patents have been issued, and five patents are pending for issuance in various jurisdictions. Management has visited Cincinnati, Ohio, and New York City in the past week to expand NEO’s business footprint into the United States. After conducting site visits and forming relationships with governmental organizations such as REDI Cincinnati, the Company will expedite U.S. operations through an initial R&D facility with subsequent commercial plants. NEO has also established several relationships with institutional investors and investment banks to secure strategic investments for the Company’s expansion and commercialization plans. Duyuru • Feb 07
NEO Battery Materials Ltd. Appoints Basudev Swain as Chief Science Officer NEO Battery Materials Ltd. announced the appointment of Dr. Basudev Swain as Chief Science Officer. With Dr. Swain’s expertise in green material sciences engineering and lithium-ion battery recycling, NEO has fortified the knowledge base and leadership team for the next phase of the silicon anode commercialization plan and expansion efforts for value-added projects in the battery materials industry. With a total of more than 20 years of experience in the lithium-ion battery materials materialization process development, Dr. Swain has served in vital project management roles that include the commercialization of mass production systems and multi-million-dollar projects focused on sustainable process development and battery material recycling. He has also published several high-impact scientific literature in international journals, peer-reviewed conferences, and book chapters related to battery materials engineering and resource recycling. Dr. Swain has held various research positions including R&D institutes in South Korea, National Institute of Advanced Industrial Science and Technology in Japan, and a faculty position at Indiana University Southeast, and his expertise focuses on process development for all varieties of electronics waste recycling. After completing his master’s degree in India, Dr. Swain received his Ph.D. in Metal, Minerals, and Materials in South Korea. Duyuru • Dec 16
NEO Battery Materials Ltd., Annual General Meeting, Feb 21, 2023 NEO Battery Materials Ltd., Annual General Meeting, Feb 21, 2023.