NEO Battery Materials Ltd V.NBM

Alternate Symbol(s): NBMFF

NEO Battery Materials Ltd. is a Canadian battery materials technology company. It 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-fast charging batteries compared to existing technologies. It is a producer of silicon anode materials for the electric vehicle and energy storage industries. It is developing and optimizing its silicon anode materials, NBMSiDE, through its all-in-one manufacturing process. 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 nanocoating process to manufacture silicon anodes. Its material provides improvements in capacity and efficiency over lithium-ion batteries using graphite in their anode materials.

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NEO Battery Materials Ltd

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Comment by yukoninvestoron Dec 06, 2012 3:29pm

162 Views

Post# 20694452

RE: RE: RE: RE: RE: RE: I'm out

I just had a rough go on their financials, and not sure how current the data is, but it appears they have a bit over 200 grand in flow through funding that needs to be spent by the end of the year and about 100 grand left over for corporate and admin expenses. That 100 grand should be enough to keep the lights on and auditors/exchange happy for 6 months or perhaps a bit more while I think the 200 grand will need to be spent by the end of the year.

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