NEO Battery Materials Ltd (TSE:NBM) has released an update.
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NEO Battery Materials Ltd., a Canadian company specializing in silicon anode materials for lithium-ion batteries, recently finalized the purchase of a 20% stake in NBM Korea from insider Automobile & PCB Inc. The $1.7 million CAD transaction is now conditionally approved by the TSX Venture Exchange, with full acceptance pending the company’s fulfillment of specific requirements. NEO is known for its cost-effective production process and aims to be a leading silicon anode material provider for the EV and energy storage sectors.
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