NEO Battery Closes Non-Brokered Private Placement Offering of $7…

Lane

Equity financing

Announced

21 Jan 2026

Province

Ontario

Industry

Unclassified

Status

Announced

What the filing says

NEO Battery Materials Ltd. ("NEO" or the "Company") (TSXV: NBM ) (OTC: NBMFF), a low-cost, silicon-enhanced battery developer that enables longer-running, rapid-charging batteries for drones, robotics, and electronics, is pleased to close its non-brokered private placement (the " Offering ") of 11,666,667 units (each, a " Unit ") at a price of $0.60 CAD per Unit for aggregate gross proceeds of up to approximately $7 million CAD.

Source

NEO Battery Closes Non-Brokered Private Placement Offering of $7 Million

The terms are in the subscriber edition

This transaction carries the consideration.

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NEO Battery Closes Non-Brokered Private Placement Offering of $7 Million