NEO Battery Secures Land for Expansion and Manufacturing

NEO Battery Materials has secured a 3.2-acre expansion site to establish battery cell manufacturing lines and expand silicon battery material production. The site will enable the company to produce 20 MWh of cylindrical and prismatic cell production with 20 tons per year of silicon anode scale-up. Relevant equipment orders have been placed, and a definitive lease agreement for an operational electrode manufacturing facility is in its final stages. This will establish NEO's Battery Innovation Platform, enabling the design and manufacture of high-performance, customized battery solutions.

NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF) has secured a 3.2-acre expansion site to establish battery cell manufacturing lines and expand silicon battery material production. The site will enable the company to produce 20 megawatt-hours (MWh) of cylindrical and prismatic cell production, along with 20 tons per year of silicon anode scale-up. Relevant equipment orders have been placed, and a definitive lease agreement for an operational electrode manufacturing facility is in its final stages. This development will establish NEO's Battery Innovation Platform, enabling the design and manufacture of high-performance, customized battery solutions NEO Battery Secures Expansion Site to Establish Integrated Battery Manufacturing Capability^[1].

The expansion site, located adjacent to NEO's recently announced operational electrode manufacturing facility in South Korea, comprises 6 vacant industrial buildings on 2.5 acres with an additional 0.8 acres designated for future expansion. The site will house battery cell assembly and formation process equipment, as well as silicon battery material synthesis equipment, to meet the company's production targets. NEO aims to integrate these capabilities into a single operational cluster, enhancing its vertical integration and reducing reliance on outsourced manufacturing NEO Battery Secures Expansion Site to Establish Integrated Battery Manufacturing Capability^[1].

NEO's Battery Innovation Platform will focus on designing and manufacturing high-performance, customized battery solutions for drones, robotics, and AI-enabled electronics. The company expects to possess full capability across all three battery formats—pouch, cylindrical, and prismatic—enabling supply to any end-user system and specification. An enhanced R&D division will be instituted to optimize manufacturing process yields and advance high-performance battery technologies NEO Battery Secures Expansion Site to Establish Integrated Battery Manufacturing Capability^[1].

NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries NEO Battery Secures Expansion Site to Establish Integrated Battery Manufacturing Capability^[1].