Core Insights - NEO Battery Materials Ltd. has increased its non-brokered private placement offering from $4 million to approximately $5.5 million due to strong demand from institutional and strategic investors [1][3] - The offering will consist of the sale of up to 10,784,313 units at a price of $0.51 per unit [1] - The company has appointed two strategic defense advisors, Admiral Seung-Sub Shim and Major General Geun-Young Choi, to provide guidance on military and defense procurement [2][6] Private Placement Offering - The upsized offering is expected to close around September 25, 2025, and has received conditional acceptance from the TSX Venture Exchange [4] - All other terms of the offering remain consistent with previous disclosures [3] Strategic Appointments - Admiral Seung-Sub Shim and Major General Geun-Young Choi will leverage their military experience to guide NEO's battery development for defense applications [6][9] - Their expertise will help ensure that NEO's battery solutions meet military standards for performance and safety [6][8] Company Overview - NEO Battery Materials focuses on developing silicon-enhanced lithium-ion batteries for various applications, including drones, robotics, and electric vehicles [10] - The company aims to establish a robust battery supply chain in North America and is committed to producing high-performance battery components [10]

TORONTO, Sept. 22, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a low-cost, silicon-enhanced battery developer that enables longer-running, rapid-charging batteries for drones, robotics, and electronics, is pleased to announce that it has entered into a Letter of Intent (“LOI”) with a South Korean battery company to lease an operational, revenue-generating battery components manufacturing facility to initiate customized, high-performance battery prod ...