Neo Battery Materials Ltd Stock Price, News & Analysis

NEO Battery Materials (OTC: NBMFF) has successfully closed the final tranche of its oversubscribed non-brokered private placement, raising an additional $700,000 CAD through the issuance of 1.4 million units at $0.50 CAD per unit. The total offering raised $900,000 CAD across both tranches.

Each unit comprises one common share and one non-transferable warrant exercisable at $0.75 CAD for 24 months. The company paid $45,500 CAD in finder's fees and issued 91,000 non-transferable warrants. Proceeds will fund silicon battery R&D scaling, manufacturing equipment purchases, and working capital.

NEO Battery Materials (OTC:NBMFF) has appointed Seok Joung Youn as Head of Manufacturing and Facility Operations. Youn brings 40 years of lithium-ion battery manufacturing experience from Samsung SDI and global battery startups. At Samsung, he notably launched the industry's first 1,200mm-wide electrode production line for electric vehicles.

Youn will lead manufacturing operations alongside Dr. J.S. Jeoung, SVP of Commercialization & Cell Development, focusing on producing high-quality electrodes and large-format cells for testing NEO's silicon battery materials at near-commercial scale. His expertise will be crucial in transitioning the company's silicon anode technology from material innovation to real-world applications.

NEO Battery Materials (NBMFF) has completed the first tranche of its non-brokered private placement, raising CAD $200,000 through the issuance of 400,000 units at CAD $0.50 per unit. Each unit includes one common share and one warrant exercisable at CAD $0.75 for 24 months. The proceeds will fund silicon battery R&D scaling, manufacturing equipment purchases, and working capital. The company paid finders CAD $14,000 and issued 28,000 warrants exercisable at CAD $0.50. NEO Battery Materials specializes in developing silicon anode materials for lithium-ion batteries, utilizing a patent-protected, low-cost manufacturing process to enable longer-running and ultra-fast charging capabilities for EVs and energy storage systems.

NEO Battery Materials (NBMFF) announced significant achievements for its P-300N silicon battery technology, demonstrating over 90% capacity retention at 300 cycles in full cell testing, exceeding the target of 80%. The company strengthened its leadership by appointing Dr. J.S. Jeoung as Senior VP of Commercialization & Cell Development, leveraging his 17 years of battery expertise from Samsung SDI. NEO is advancing to large-scale battery testing, initiating single-layer pouch cell design and preparing for multi-layer cell testing through partnerships with global manufacturers. The company is expanding its production capacity with new equipment installation at their R&D Scale-Up Centre to meet increased demand from global partners. NEO's P-300N technology utilizes metallurgical silicon (MG-Si), positioning it as one of the most stable and cost-effective silicon battery materials in the global supply chain.

NEO Battery Materials (NBMFF) has appointed Dr. Jun Sik Jeoung as Senior Scientific Advisor of Commercialization & Cell Development. Dr. Jeoung brings over 17 years of experience in lithium-ion battery R&D, scale-up, and production technologies. At Samsung SDI, he notably led the development of BMW i3 EV's 94Ah automotive cells. Prior to joining NEO, he served as VP of R&D at EoCell, where he collaborated with Morrow Batteries and improved cell energy density and safety. In his new role, Dr. Jeoung will design large-scale batteries for commercial material qualification and provide expertise for silicon anode manufacturing as NEO progresses towards its Phase I expansion to 240 tons production of its P-300N silicon anodes.

NEO Battery Materials (NBMFF) has appointed Dr. Matthew Dawson, CEO of Elementium Materials, as Senior Scientific Advisor to its Scientific Advisory Board. Dr. Dawson, who holds a Ph.D. in Mechanical Engineering from MIT, brings nearly two decades of experience in energy transition technologies. He currently leads Elementium Materials, developing proprietary non-carbonate electrolyte technology for lithium-ion batteries. His track record includes founding Utility Global, raising over $100 million from Fortune 500 companies and private equity firms, and holding key positions at ExxonMobil, Chevron, and Equinor. In his new role, Dr. Dawson will provide strategic technology and commercialization insights for NEO's silicon anode materials, leveraging his extensive industry connections to support the company's growth trajectory.

NEO Battery Materials (TSXV: NBM) (OTC: NBMFF) has appointed Kenneth Hoffman, former McKinsey's Global Head of Battery Materials, to its Board of Directors. Hoffman brings over 30 years of experience in investment management, energy, and metals and mining sectors.

As the previous Global Head of Battery Materials at McKinsey & Company, Hoffman has conducted more than 100 due diligences on battery technologies and developed AI-enabled evaluation frameworks. He also served as Global Head of Bloomberg Metals & Mining Research and held senior investment positions at Millennium Partners and MarCap Investors.

In his new role, Hoffman will provide strategic support for industry partnerships, battery market expansion, and corporate development. The company has granted him 300,000 stock options at an exercise price of $0.60, expiring April 25, 2025.

NEO Battery Materials (NBMFF) has entered into a collaboration agreement with Elementium Materials on March 31, 2025, to enhance its silicon battery platform using Elementium's advanced electrolyte technology. The partnership aims to improve electrochemical performance metrics, particularly ultra-fast charging and discharging capabilities.

The collaboration targets specialty downstream markets including power tools, humanoid robots, drone/UAV, and aerospace systems that require high-specification batteries. Elementium's non-carbonate electrolytes are engineered to deliver enhanced safety, stability, and compatibility with emerging anode and cathode materials, addressing traditional electrolyte issues such as corrosion, oxidation, and toxic gas formation.

NEO Battery Materials (NBMFF) has unveiled NBMSiDE® P-300N, an advanced silicon anode prototype achieving the highest capacity retention to date. The product demonstrates an average Coulombic Efficiency of over 99.8% in half-cell testing using 100% pure silicon anode.

Two variations of P-300N have been developed: a High-Capacity Variant showing initial capacity over 2,000 mAh/g with 99.5% CE, and a High-Stability Variant balancing cycle performance and capacity with 99.8% CE at approximately 2,000 mAh/g initial capacity.

The company is currently conducting long-term full cell tests of 300+ cycles and plans to manufacture near-commercial battery cells with 3 to 5 Ah capacities alongside global battery value chain players. The P-300N is designed for mass production compatibility without requiring modifications to existing processing equipment.