Mr. Spencer Huh reports

NEO BATTERY MATERIALS TO CONDUCT ADDITIONAL OPTIMIZED EVALUATIONS WITH GLOBAL BATTERY MANUFACTURERS & EV AUTOMAKERS AND FILES TWO KEY SILICON ANODE PATENTS

Neo Battery Materials Ltd. will conduct additional product evaluation with global battery manufacturers and EV (electric vehicle) automakers after garnering substantial interest from the uniform nanocoating capability. Two additional patents related to material properties and manufacturing have been filed, targeting an IP (intellectual property) portfolio of 15 by the end of the year.

Additional product evaluation with global battery manufacturers and EV automakers

For the past month, Neo Battery Materials has signed over 10 NDAs (non-disclosure agreements) with global-tier companies, including battery cell manufacturers, EV automakers, electronics manufacturers and Asia-Pacific conglomerates. NDA partners have formed and expressed considerable interest in NBMSiDE or Neo's silicon anode material's uniform nanocoating capabilities and low-cost characteristics. Downstream users have been particularly attracted to Neo's high energy capacity, communicating the potential for application in all battery systems, electronics and aviation.

Accordingly, Neo will undertake additional optimized product evaluation with these NDA parties. Existing evaluations with global battery manufacturers and industry players have reinforced the commercial viability and benefits of NBMSiDE, and larger-scale battery cell testing with optimized conditions is being conducted with several partners.

Seventh and eighth patents filed for silicon anode materials and manufacturing process

Following last month's patent application, the company has submitted two additional patents related to the material properties and manufacturing of NBMSiDE. Neo Battery Materials is targeting 15 patents issued and pending by the end of the year to form an extensive and robust IP portfolio. Currently, three patents have been issued and five patents are pending for issuance in various jurisdictions.

Dr. Basudev Swain, chief science officer of Neo, commented: "As we have communicated, our team is committed to protecting and strengthening Neo's silicon anode materials. We are strategically balancing innovations, trade secrets and patent protection during optimization and testing to position the company in its commercialization process better."

Ohio and New York business excursion highlights

Management has visited Cincinnati, Ohio, and New York, N.Y., in the past week to expand Neo's business footprint into the United States. After conducting site visits and forming relationships with governmental organizations such as REDI Cincinnati, the company will expedite United States operations through an initial R&D (research and development) facility with subsequent commercial plants. Neo has also established several relationships with institutional investors and investment banks to secure strategic investments for the company's expansion and commercialization plans.

About Neo Battery Materials Ltd.

Neo Battery Materials is a Vancouver-based company focused on electric vehicle lithium-ion battery materials. Neo has a focus on producing silicon anode materials through its proprietary single-step nanocoating process, which provides improvements in capacity and efficiency over lithium-ion batteries using graphite in their anode materials. The company intends to become a silicon anode active materials supplier to the electric vehicle industry.

We seek Safe Harbor.