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NEO Battery Closes Non-Brokered Private Placement Offering of $5 Million

Newswire.ca - Mon Nov 3, 2025

TORONTO, Nov. 3, 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 close its non-brokered private placement (the "Offering") of 9,803,921 units (each, a "Unit") at a price of $0.51 CAD per Unit for aggregate gross proceeds of approximately $5,000,000 CAD.

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