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NEO Battery Secures New $3M Purchase Order from UCAV Manufacturer & Provides Update on Operational Facility Lease

Newswire.ca - Wed Nov 5, 2025

TORONTO, Nov. 5, 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 receive a ₩3,000,000,000 KRW ($3,000,000 CAD) purchase order and execute a Joint Product Development Agreement ("JPDA") with a South Korea-based drone and unmanned combat aerial vehicle (UCAV) manufacturer (the "Customer"). Under a project named "Project David", NEO will provide end-to-end battery solutions for the Customer's multi-drone platform to strategically parallel the performance of gasoline-powered medium-altitude long-endurance (MALE) UCAVs.

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