NEO Battery Materials Announces Change of Business Completion on the TSX Venture Exchange to an Industrial, Technology, or Life Sciences Issuer
January 08 2024 - 12:06PM
(
TSXV:
NBM) (
OTCQB: NBMFF)
NEO Battery Materials Ltd.
(“NEO” or the
“Company”),
a low-cost silicon anode materials developer that enables
longer-running, rapid-charging lithium-ion batteries, is pleased to
announce that the Company has received final approval from the TSX
Venture Exchange (“TSXV”) for the Change of
Business into a Tier 2 Industrial, Technology, or Life Sciences
Issuer in accordance with TSXV Policy 5.2 – Changes of Business and
Reverse Takeovers.
NEO Battery Materials is progressing towards
commercializing its proprietary silicon anode active materials
called NBMSiDE®. The reclassification as an industrial and
technology issuer directly aligns with the Company’s main purpose
of battery materials technology development. This change further
opens strategic opportunities to actively pursue value-enhancing
projects and integration into the global battery supply chain.
With the issuance of the final bulletin, the
Change of Business will be effective on the TSXV, and the Company’s
common shares will resume trading at the opening on Thursday,
January 11, 2024.
About NEO Battery Materials
Ltd.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. For more
information, please visit the Company’s website at:
https://www.neobatterymaterials.com/.
On Behalf of the Board of DirectorsSpencer Sung
Bum HuhDirector, President and CEOshuh@neobatterymaterials.com
This news release includes certain
forward-looking statements as well as management's objectives,
strategies, beliefs and intentions. Forward-looking statements are
frequently identified by such words as "may", "will", "plan",
"expect", "anticipate", "estimate", "intend" and similar words
referring to future events and results. Forward-looking statements
are based on the current opinions and expectations of management.
All forward-looking information is inherently uncertain and subject
to a variety of assumptions, risks and uncertainties, including the
speculative nature of mineral exploration and development,
fluctuating commodity prices, the effectiveness and feasibility of
technologies which have not yet been tested or proven on a
commercial scale, competitive risks and the availability of
financing, as described in more detail in our recent securities
filings available at www.sedarplus.com. Actual events or results
may differ materially from those projected in the forward-looking
statements and we caution against placing undue reliance thereon.
We assume no obligation to revise or update these forward-looking
statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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