NEO Battery Materials Finalizes Successful Private Placement Tranche

Author: Olivia Taylor Updated: 07-18-2025 04:16 PM

NEO Battery Materials Completes Successful Private Placement

NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF) has recently concluded the final tranche of its oversubscribed private placement. This marks a significant milestone as the Company continues to leverage its innovative silicon anode materials development, aimed at enhancing performance in lithium-ion batteries.

Details of the Private Placement Offering

The final tranche saw the issuance of 1,400,000 units priced at $0.50 CAD each, contributing gross proceeds of $700,000 CAD. Together with the initial tranche, NEO successfully raised $900,000 CAD by issuing a total of 1,800,000 units. Each unit comprises a common share and a non-transferable warrant, which is exercisable for 24 months at a price of $0.75 CAD.

Allocation of Proceeds

The funds gathered from this private placement will be strategically allocated. A portion will be dedicated to scaling silicon battery research and refining production for large-scale manufacturing and testing. Additionally, investments will be made to procure essential manufacturing equipment and to cover operational costs.

Compensation for Finders

As part of both tranches, finders received compensation, including a cash commission totaling $45,500 CAD, along with 91,000 non-transferable warrants exercisable at $0.50 CAD for two years from the respective closing dates. This compensation reflects the Company’s commitment to maintaining strong relationships with its partners while navigating the capital markets.

Regulatory Considerations

Units issued to investors outside of Canada do not carry resale restrictions under Ontario Securities Commission Rule 72-503. Conversely, those offered within Canada are subject to a defined hold period. It's important to note that this offering does not fall under the definitions established for Related Party Transactions, thus streamlining the approval process by the TSXV.

About NEO Battery Materials Ltd.

NEO Battery Materials is a pioneering Canadian company committed to developing advanced silicon anode materials. With a focus on electric vehicles, electronics, and energy storage solutions, NEO is driven by patent-protected, low-cost manufacturing processes that enhance battery life and efficiency, paving the way for future innovations and market leadership.

Contact Information

For additional information regarding investor relations, inquiries can be directed to:

Spencer Huh
Director, President, and CEO
Phone: +1 (437) 451-7678

Email: info@neobatterymaterials.com

Frequently Asked Questions

What is the purpose of the private placement?

The private placement aims to raise funds to support the scaling of research and development for silicon battery technologies, procurement of manufacturing equipment, and general operational expenses.

How much capital was raised in total?

NEO Battery Materials successfully raised a total of $900,000 CAD through both tranches of the private placement.

What does the final tranche consist of?

The final tranche involved the issuance of 1,400,000 units at a price of $0.50 CAD each.

What are the exercise terms for the warrants?

Each warrant, attached to units, can be exercised at an exercise price of $0.75 CAD over a period of 24 months.

Where can I find more information about the company?

More detailed information can be found on the Company's official website at www.neobatterymaterials.com.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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