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NEO Battery Materials Ltd V.NBM

Alternate Symbol(s):  NBMFF

NEO Battery Materials Ltd. is a Canada-based battery materials technology company. The Company is 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, it enables longer-running and ultra-fasting charging batteries compared to existing technologies. The Company is focusing on developing silicon anode materials, NBMSiDE, through nanocoating layers. Its three types of products, NBMSiDE-P100, NBMSiDE-P200, and NBMSiDE-C100 are manufactured through its nanocoating technology and are based on metallurgical-grade silicon with purities of at least 99.95%. It has developed a transformative and one-step nanocoating process to manufacture silicon anodes. Its material provides improvements in capacity and efficiency over lithium-ion batteries using graphite in their anode materials.


TSXV:NBM - Post by User

Post by J00007on Nov 29, 2023 11:26am
282 Views
Post# 35758659

Moving forward

Moving forward

In case anyone is interested in knowing.

This will not trade for at least a couple weeks

 

The reason why the trading halt has been extended is because, only a couple of weeks back, the TSXV Exchange has given NEO a request to file an updated Filing Statement, which is a 100+ page document that outlines/highlights the A to Z of the company. This Filing Statement is almost equivalent to a Form S-1 in the U.S. when companies prepare to IPO or exactly equivalent to an information circular that takes weeks to draft by management and legal counsel.

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