Directors coming and going is Normal business, especially with startups.. And sale of 37000 shares for $5000 isn't news imo either.
Why NBM has a future.. "their technology is what the industry needs"
Silicon anode demand is becoming prevalent as it is the most promising and feasible material that can compensate for the capacity and range loss of LFP cathode batteries. Compared to current graphite anodes, silicon anodes can theoretically store 10 times more specific capacity with ultra-fast charging capabilities. However, silicon expands 300% in volume during charging/lithiation, and natural silicon will experience particle fracture, delamination, and thick solid electrolyte interphase (SEI) growth, rendering the material obsolete in only 100 charging cycles. Current technologies that resolve silicon’s volume expansion problem utilize energy-intensive manufacturing methods with high-cost inputs, limiting scalability and mass implementation due to cost constraints.
NEO Battery Materials has developed a proprietary, energy-efficient manufacturing process, enabling low-cost silicon anode production. Compared to competing silicon anodes, NEO realizes substantial cost reductions with increased specific capacity for longer driving ranges. Delivering battery cost reductions and performance improvements, the Company aims to supply NBMSiDE® to all EV lithium-ion batteries to accelerate global EV adoption efforts. To become one of the top 10 silicon anode producers, the Company will continue to secure new battery supply chain relationships to expand material evaluations and commercialization opportunities.