NEO Battery Materials Plans Canadian Manufacturing Expansion

NEO Battery Materials Ltd (TSE:NBM) has released an update.

NEO Battery Materials Ltd. has entered into a letter of intent to lease approximately 8 acres of land from a Canadian municipality to build a silicon anode manufacturing plant. This facility aims to produce 5,000 tons annually, leveraging tax incentives and favorable lease terms to support the growing demand for low-cost battery materials in the North American market.

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