NEO Battery Materials Ltd (TSE:NBM) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into TSE:NBM stock, check out TipRanks’ Stock Analysis page.
