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NEO Battery Materials Ltd ( (TSE:NBM) ) has issued an announcement.
NEO Battery Materials Ltd. is scaling up its silicon anode production to 20 tons per year to address the growing demand from downstream partners and initiate mass-producibility testing. This expansion is expected to support increased customer requirements and optimize manufacturing processes to ensure quality, performance, and cost control. Additionally, the company’s high-performance P-300 series shows strong commercial potential, and NEO has received a Notice of Allowance from the Korean Intellectual Property Office for a relevant patent.
More about NEO Battery Materials Ltd
NEO Battery Materials Ltd. is a developer of low-cost silicon anode materials designed for longer-running, rapid-charging lithium-ion batteries. The company is focused on producing high-performance silicon anode products to meet the demands of the lithium-ion battery industry.
YTD Price Performance: 18.42%
Average Trading Volume: 466,774
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$107.1M
For an in-depth examination of NBM stock, go to TipRanks’ Stock Analysis page.
