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NEO Battery Materials Ltd (NBMFF) is a leading supplier of battery materials, specializing in silicon anode products. The company collaborates with partners to develop innovative solutions for the energy storage industry. With a focus on sustainability and cutting-edge technology, NEO Battery Materials continues to drive advancements in battery performance and efficiency.
Founded by Director, President, and CEO Spencer Sung Bum Huh, NEO Battery Materials is committed to delivering high-quality products and forging strategic partnerships to enhance its market presence. The company's dedication to research and development ensures a competitive edge in the rapidly evolving battery market.
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NEO Battery Materials announces a change in auditors from DeVisser Gray LLP to MNP LLP, effective March 19, 2024. The transition was smooth with no reservations in the Former Auditor's audit reports. The Company's board of directors accepted the resignation and appointed the new auditor until the next annual general meeting of shareholders.
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NEO Battery Materials Ltd. reports significant process innovation improving silicon anode yield, capacity, and particle uniformity, increasing pilot-scale capacity to 4,000 kilograms per year without additional equipment. The company filed its 9th patent for a process innovation in silicon anode materials. NEO participated in Battery Japan and InterBattery 2024, establishing over 100 relationships with industry players. The company appointed Daniel Lim as Chief Financial Officer, aiming to become a leader in the silicon anode market by enhancing production yield and product quality.
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NEO Battery Materials Ltd. has increased its ownership of its South Korean subsidiary, NBM Korea, through a Share Purchase Agreement with Automobile & PCB Inc. The company acquired 258,829 Common Shares of NBM Korea for $1,708,707 CAD, increasing its ownership to 80% of the issued and outstanding shares. This move is expected to result in expanded value creation and future cash flows for NEO's shareholders. NBM Korea is also in discussions with South Korean venture capital and institutional funds for further expansion and scale-up funding for its silicon anode business and battery technology projects.
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NEO Battery Materials Ltd. grants incentive stock options to acquire 5,760,000 common shares under its 10% rolling stock option plan at an exercise price of $0.30 with an expiry date on January 19, 2029.
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NEO Battery Materials Ltd. (NBM) has filed its 9th patent regarding a major silicon anode manufacturing innovation. The company has employed additives to prevent the agglomeration effect of silicon particles during manufacturing, enhancing production yield and reducing manufacturing costs. NEO has also secured 6 NDAs with global chemical material, automotive OEM, and battery cell manufacturers, aiming to expand its portfolio to 20+ patents issued or pending in 2024.
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NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF) provided a letter to shareholders outlining the company’s silicon anode business strategy and outlook for fiscal year 2024. The letter highlights technological breakthroughs, new shareholders, R&D expansion, commercialization strategy, and the 5-pillared approach for 2024.
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NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF) has received final approval from the TSX Venture Exchange for the Change of Business into a Tier 2 Industrial, Technology, or Life Sciences Issuer, aligning with the company's focus on battery materials technology development. The reclassification opens strategic opportunities for value-enhancing projects and integration into the global battery supply chain. The Change of Business will be effective on the TSXV, and the company’s common shares will resume trading on January 11, 2024.
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NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF) Completes Relocation of R&D Scale-Up Centre to Gyeonggi Technopark
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NEO Battery Materials Ltd. (NBM) closed a non-brokered private placement, raising $3,643,795.20 CAD through the sale of 11,386,860 units at $0.32 CAD per unit. Each unit includes one common share and one warrant. The company plans to utilize the proceeds to expand manufacturing capacity and research engineering headcount for its proprietary silicon anodes, NBMSiDE®, to meet the increasing demand from the global electric vehicle industry. The offering is subject to final acceptance from the TSXV.
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NEO Battery Materials Ltd. has appointed Dr. Jae Ha Woo as the new Chief Science Officer. Dr. Woo is an expert in lithium-ion battery electrode materials and all-solid-state batteries. His research has led to a major battery materials company licensing his patented technology. The company also announced the appointment of Danny Huh as Senior Vice President of Strategy and Operations and the resignation of Dr. J. H. Park as director.
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FAQ
What is the current stock price of NEO BATTERY MATLS (NBMFF)?
The current stock price of NEO BATTERY MATLS (NBMFF) is $0.46 as of December 20, 2024.
What is the market cap of NEO BATTERY MATLS (NBMFF)?
The market cap of NEO BATTERY MATLS (NBMFF) is approximately 74.3M.
Who is the founder and CEO of NEO Battery Materials?
Spencer Sung Bum Huh serves as the Director, President, and CEO of NEO Battery Materials.
What is the focus of NEO Battery Materials' business?
NEO Battery Materials specializes in supplying silicon anode products and collaborating with partners to develop advanced solutions for the energy storage industry.
How does NEO Battery Materials contribute to sustainability?
The company integrates high-purity recycled silicon and silicon-oxide powders in its products, emphasizing sustainability in its operations.
What sets NEO Battery Materials apart in the market?
NEO Battery Materials differentiates itself through its commitment to research and development, ensuring cutting-edge technology and competitive products.
What is NEO Battery Materials' approach to partnerships?
NEO Battery Materials forges strategic partnerships to enhance its market presence and drive advancements in battery performance and efficiency.
What are the collaboration priorities of NEO Battery Materials?
The main priorities of collaborations include jointly developing silicon anode products using innovative raw materials and technologies.
How can investors get in touch with NEO Battery Materials for more information?
For Investor Relations, public relations, and general inquiries, reach out to Danny Huh, SVP of Strategy & Operations, at info@neobatterymaterials.com.
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