NEO Battery Materials Appoints Kenneth Hoffman, Distinguished Battery Industry Leader and Former McKinsey’s Global Head of Battery Materials, as New Director

Core Viewpoint - NEO Battery Materials Ltd. has appointed Mr. Kenneth Hoffman to its Board of Directors, bringing extensive expertise in battery materials and investment management to support the company's strategic initiatives in the battery market [1][4][6]. Company Overview - NEO Battery Materials is focused on developing low-cost silicon anode materials for lithium-ion batteries, aiming to enhance battery performance in electric vehicles, electronics, and energy storage systems [8]. - The company utilizes a patent-protected manufacturing process to produce longer-lasting and ultra-fast charging batteries compared to existing technologies [8]. Appointment of Mr. Kenneth Hoffman - Mr. Hoffman has over 30 years of experience in investment management, energy, and metals and mining, previously serving as the Global Head of Battery Materials at McKinsey & Company [2][3]. - His role at NEO will involve providing strategic support for industry partnerships, market expansion, and corporate development, leveraging his global network and understanding of the battery landscape [4][6]. Strategic Importance - The appointment is expected to reinforce NEO's position as a leading innovator in battery materials, particularly in the commercialization of silicon anode technology [4][6]. - Mr. Hoffman’s insights into battery technology and supply chain development are anticipated to be invaluable as the company accelerates its growth [6]. Compensation Details - As part of his compensation, Mr. Hoffman has been granted stock options to acquire 300,000 common shares at an exercise price of $0.60, with vesting schedules outlined [6].