NEO Battery Materials Announces Corporate Webinar on Silicon Anode Technology Developments & Pathway to Commercialization

Rhea-AI Summary

NEO Battery Materials (TSXV: NBM) (OTC: NBMFF) has announced a corporate webinar scheduled for December 5, 2024, at 7 PM EDT to discuss their silicon anode materials technology developments and commercialization strategy. The webinar will cover recent business advancements, market challenges in the EV and battery sector, partnerships, and upcoming milestones. Additionally, the company has granted 1,350,000 stock options to directors and officers at an exercise price of $0.94, expiring November 25, 2029.

Positive

• Company granted 1,350,000 stock options to directors and officers, indicating alignment of management interests with shareholders

Negative

• None.

TORONTO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce that the Company will be holding a corporate webinar on Thursday, December 5, 2024, at 7 PM EDT / 4 PM PDT / 9 AM KT.

Corporate Webinar Registration Link: https://us06web.zoom.us/webinar/register/WN_150KRS5cQCKKQ0y9P0Pw_g

This corporate webinar will address NEO Battery Materials' latest business and technological advancements in silicon anode materials and strategies for navigating current EV and battery market challenges. Updates on the pathway to commercialization, partnerships, and upcoming milestones will be shared, providing insights into the Company's growth trajectory and innovation focus.

Grant of Incentive Stock Options

The Company has granted incentive stock options (the “Options”) to certain directors and officers to acquire an aggregate of 1,350,000 common shares, in accordance with the Company’s 10% rolling stock option plan. Subject to the terms of the stock option agreement and vesting provisions, all Options were granted at an exercise price of $0.94 and an expiry date of November 25, 2029.

About NEO Battery Materials Ltd.
NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company’s website at: https://www.neobatterymaterials.com/.

On Behalf of the Board of Directors
Spencer Huh
Director, President, and CEO
Tel: +1-437-451-7678

For Investor Relations, PR & More Information:
info@neobatterymaterials.com

This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably, but not limited to, by the use of forward-looking terminology such as "plans", "expects," or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved", and similar words referring to future events and results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock prices; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with the research and development of advanced technologies; (v) the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; (vi) the risks associated with entering into joint ventures, collaboration agreements, joint development agreements, and similar commercial agreements; (vii) fluctuations in input precursor prices; (viii) the risks associated with uninsurable risks arising during the course of research, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support battery materials research and development activities; (xi) the risks associated with changes in the technology regulatory regime governing the Company; (xii) the risks associated with the various environmental regulations the Company is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) the reliance on key personnel; (xv) liquidity risks; (xvi) the risk of litigation; and (xvii) risk management, as described in more detail in our recent securities filings available at www.sedarplus.com. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued research and development activities, no material adverse change in precursor prices and development plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FAQ

When is NEO Battery Materials (NBMFF) holding its corporate webinar?

NEO Battery Materials is holding its corporate webinar on Thursday, December 5, 2024, at 7 PM EDT / 4 PM PDT / 9 AM KT.

What is the exercise price and expiry date of NEO Battery Materials' (NBMFF) newly granted stock options?

The stock options were granted at an exercise price of $0.94 with an expiry date of November 25, 2029.

How many stock options did NEO Battery Materials (NBMFF) grant to its directors and officers?

NEO Battery Materials granted an aggregate of 1,350,000 stock options to certain directors and officers.