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NEO Battery Announces Non-Brokered Private Placement Offering for Buildout of High-Performance Battery Manufacturing Facilities

Newswire.ca - Mon Oct 27, 2025

TORONTO, Oct. 27, 2025 /CNW/ - NEO Battery Materials Ltd. ("NEO" or the "Company") (TSXV: NBM) (OTC: NBMFF), a low-cost, silicon-enhanced battery developer that enables longer-running, rapid-charging batteries for drones, robotics, and electronics, is pleased to announce a non-brokered private placement (the "Offering") of up to approximately 9,803,921 units (each, a "Unit") at a price of $0.51 CAD per Unit for aggregate gross proceeds of up to approximately $5 million CAD.

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