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NEO Battery Supplies Announces Adjust of Business enterprise

TORONTO, Jan. 08, 2024 (World NEWSWIRE) — (TSXV: NBM) (OTCQB: NBMFF)

NEO Battery Materials Ltd. (“NEO” or the “Company”), a small-price tag silicon anode resources developer that enables extended-functioning, quick-charging lithium-ion batteries, is pleased to announce that the Firm has gained closing approval from the TSX Undertaking Trade (“TSXV”) for the Adjust of Organization into a Tier 2 Industrial, Technological innovation, or Lifetime Sciences Issuer in accordance with TSXV Plan 5.2 – Adjustments of Business enterprise and Reverse Takeovers.

NEO Battery Products is progressing in direction of commercializing its proprietary silicon anode active products called NBMSiDE®. The reclassification as an industrial and technological innovation issuer straight aligns with the Company’s primary purpose of battery elements technological know-how improvement. This change further opens strategic opportunities to actively pursue value-maximizing projects and integration into the world-wide battery supply chain.

With the issuance of the ultimate bulletin, the Transform of Small business will be successful on the TSXV, and the Company’s frequent shares will resume trading at the opening on Thursday, January 11, 2024.

About NEO Battery Materials Ltd.
NEO Battery Materials is a Canadian battery supplies know-how corporation focused on acquiring silicon anode resources for lithium-ion batteries in electrical motor vehicles, electronics, and vitality storage units. With a patent-guarded, reduced-price tag production approach, NEO Battery enables extended-managing and ultra-quick charging batteries in comparison to existing condition-of-the-artwork technologies. The Organization aims to be a globally-foremost producer of silicon anode elements for the electric car or truck and power storage industries. For additional data, be sure to take a look at the Company’s web-site at: https://www.neobatterymaterials.com/.

On Behalf of the Board of Directors
Spencer Sung Bum Huh
Director, President and CEO
[email protected]

This information release features sure forward-hunting statements as well as management’s targets, techniques, beliefs and intentions. Ahead-looking statements are routinely identified by such terms as “could”, “will”, “system”, “hope”, “anticipate”, “estimate”, “intend” and very similar phrases referring to potential functions and final results. Ahead-wanting statements are primarily based on the present-day opinions and anticipations of administration. All ahead-hunting information is inherently unsure and subject matter to a range of assumptions, challenges and uncertainties, like the speculative nature of mineral exploration and advancement, fluctuating commodity prices, the performance and feasibility of technologies which have not nonetheless been tested or verified on a industrial scale, competitive challenges and the availability of financing, as explained in extra detail in our new securities filings out there at www.sedarplus.com. Actual situations or final results might differ materially from those projected in the ahead-seeking statements and we caution against positioning undue reliance thereon. We believe no obligation to revise or update these ahead-hunting statements except as required by relevant legislation.

Neither TSX Undertaking Exchange nor its Regulation Companies Provider (as that expression is defined in the insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this launch.