TORONTO, Jan. 08, 2024 (GLOBE NEWSWIRE) — (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…
