TORONTO, March 14, 2024 (GLOBE NEWSWIRE) — (TSXV: NBM) (OTCQB: NBMFF)

• Major Process Innovation Improves Silicon Anode Yield, Capacity, and Particle Uniformity
  • Achieved Pilot-Scale Capacity Expansion to 4,000 Kilograms Per Year Without Additional Equipment or Process Change
• Participated in Battery Japan and InterBattery 2024 to Establish Over 100 Relationships with EV and Battery Industry Players
• Widening Testing Pipeline Partners and Evaluation Scale Towards Larger Battery Capacities and Formats
• Appointed Mr. Daniel Lim as Chief Financial Officer

NEO Battery Materials Ltd. (“NEO” or the “Company”), a low-cost silicon anode supplies developer that allows longer-running, rapid-charging lithium-ion batteries, is happy to report technological developments in NEO Battery’s silicon anode manufacturing yield, capability, and high quality by means of its latest manufacturing innovation.

As introduced on January 11, 2024, the Company filed its 9^th patent to guard a major course of innovation in NEO’s silicon anode supplies, NBMSiDE^®. Direct implementation has resulted within the enchancment of each NBMSiDE^® yield and high quality, rising the pilot-scale capability to roughly 4,000 kilograms per yr from a number of hundred kilograms primarily based on steady processing.

During NBMSiDE^® manufacturing, particular components successfully forestall silicon particle clustering or agglomeration by appearing as an interparticle buffer layer. These layers (i) stabilize the interfacial vitality between particles, (ii) cut back pointless particle injury in the course of the milling course of, thereby stopping extreme milling, and (iii) induce the uniform dispersion of particles within the solvents to enhance manufacturing effectivity instantly.

By creating comparable improvements, NEO Battery Materials goals to develop into a frontrunner within the silicon anode market by securing value competitiveness by means of elevated manufacturing yield and enhancing particle dimension uniformity and product high quality.

Mr. Spencer Huh, President and CEO of NEO, commented, “After the relocation and return to regular operations of the R&D Scale-Up Centre, the R&D engineering team industriously continued the analysis and formulation of the special additives. This innovation is significant as no additional equipment or process changes are required to improve NEO’s One-Step Production Process. We are optimizing to minimize bottlenecks and deviations during manufacturing, increasing the yield and uniformity of NBMSiDE^® particle sizes.”

Battery Conference Participation & Corporate Updates
Over the previous two weeks, the Company has participated in two world lithium-ion battery conferences: Battery Japan in Tokyo and InterBattery 2024 in Seoul. Key exhibiting corporations embrace CATL, BYD, Honda Motors, Hyundai-Kia, LG Energy Solution, SK On, Samsung SDI, and Posco Holdings.

NEO Battery’s administration and engineering staff conversed and established relationships with over 100 battery supplies, cell producers, automotive OEMs, and traders. For the previous week, the Company has been in course of to determine non-disclosure agreements and collaborations with greater than 10 corporations met in the course of the conferences.

For new testing pipelines, the Company is enterprise silicon anode materials evaluations with an Indian-based battery cell producer and car OEM, in addition to European- and South Korean-based world battery cell producers. With present evaluators, NEO Battery Materials is making ready to conduct extra upscaled testing with silicon-graphite anodes and full-cell testing.

Appointment of Daniel Lim as Chief Financial Officer
The Company is additional happy to announce that Mr. Daniel Lim has been appointed because the Chief Financial Officer of NEO Battery Materials. Ms. Nancy Zhao has resigned from her position to pursue different pursuits, and the Company deeply thanks her contribution over the previous six years.

Daniel Lim has in depth accounting expertise in accordance with Canadian and U.S. GAAP, IFRS, and Canadian and U.S. Corporate Income Tax Act. Mr. Lim holds a Certified Public Accountant (CPA) license from Washington State. He has a superb historical past of guiding company M&As, designing extremely environment friendly monetary programs, and optimizing enterprise processes. Before becoming a member of the Company, Mr. Lim has gathered expertise in varied industries, together with the general public sector, IT, manufacturing, and monetary companies, for over 15 years.

About NEO Battery Materials Ltd.
NEO Battery Materials is a Canadian battery supplies know-how firm centered on creating silicon anode supplies for lithium-ion batteries in electrical autos, electronics, and vitality storage programs. With a patent-protected, low-cost manufacturing course of, NEO Battery permits longer-running and ultra-fast charging batteries in comparison with present state-of-the-art applied sciences. The Company goals to be a globally-leading producer of silicon anode supplies for the electrical automobile and vitality storage industries. For extra info, please go to 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

For Investor Relations, PR & More Information:
Danny Huh
SVP, Strategy & Operations
info@neobatterymaterials.com

This information launch contains sure forward-looking statements in addition to administration’s aims, methods, beliefs and intentions. Forward-looking statements are regularly recognized by such phrases as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and comparable phrases referring to future occasions and outcomes. Forward-looking statements are primarily based on the present opinions and expectations of administration. All forward-looking info is inherently unsure and topic to quite a lot of assumptions, dangers and uncertainties, together with the speculative nature of mineral exploration and improvement, fluctuating commodity costs, the effectiveness and feasibility of applied sciences which haven’t but been examined or confirmed on a industrial scale, aggressive dangers and the supply of financing, as described in additional element in our latest securities filings out there at www.sedarplus.com. Actual occasions or outcomes could differ materially from these projected within the forward-looking statements and we warning in opposition to inserting undue reliance thereon. We assume no obligation to revise or replace these forward-looking statements besides as required by relevant legislation.

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