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NEO Battery Closes Non-Brokered Private Placement Offering of $7 Million

Newswire.ca - Wed Jan 21, 3:15PM CST

TORONTO, Jan. 21, 2026 /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 11,666,667 units (each, a "Unit") at a price of $0.60 CAD per Unit for aggregate gross proceeds of up to approximately $7 million CAD.

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