January 17, 2023 (Source) – (TSXV: NBM) (OTCQB: NBMFF)

  • Consent of Structure And Also Building Permit for Silicon Anode Commercial Plant in Oseong Foreign Financial Financial Investment Location, Pyeongtaek City
  • Proactively Participated In Discussions to Safeguard Credible, Long-Term Investors for Strategic Investments
    • Ideal Strategic Financiers to Approve NEO to Broaden Company Efforts
  • Targeting Non-Dilutive Funding Opportunities from South Korean Federal Federal Governments’ Eco-friendly as well as likewise Clean Modern Modern technology Program

NEO Battery Products Ltd. (“NEO” or the “Company”), a discounted silicon anode items developer that makes it feasible for longer-running, rapid-charging lithium-ion batteries, is really happy to expose that the structure certificate for the Company’s Silicon Anode Commercial Plant has really been accredited by the City of Pyeongtaek. With a very first capability of 240 lots yearly, business Plant will absolutely can supplying silicon anodes to about 160,000 electric automobiles, as well as likewise NEO approaches to target the full-fledged capability at a marginal production of 2,000 lots yearly.

The structure certificate has really been accredited after an exhausting analysis as well as likewise due persistance period with the important departments of Pyeongtaek City as well as likewise outside firms. As discussed, the Company will absolutely remain to the welcome for quote (IFB) to select the ideal expert for structure, as well as likewise the initial structure phase will absolutely contain site clearance as well as likewise common civil layout to prepare for the build-out of business Plant.

Mr. Spencer Huh, President as well as likewise Ceo of NEO, commented, “We are really happy to expose this long-awaited transforming factor purpose to introduce the really very first steps of our organization plant’s structure. From the energised, relentless task of our commercialization layout team, we have really completed the due persistance period with the city earlier than prepared for to acquire the consent, as well as likewise we will absolutely stay to speed up the adhering to treatments to start as well as likewise establish the Company right into an important supplier of silicon anodes in the EV battery supply chain quickly.”

Strategic Investments & Non-Dilutive Funding from Green/Clean Modern Modern Technology Program for Service Plant Structure And Also Building & Gadget
NEO Battery Products is proactively included to guard relied on, lasting sponsors, that consist of institutional sponsors as well as likewise firms, that will absolutely offer computed economic investments for structure as well as likewise devices. Management relates to determined sponsors that have the necessary resources, know-hows, as well as likewise network can maintain NEO’s business projects to raise in the around the world EV lithium-ion battery area. In concurrence with commercialization development, the Company concentrates on reducing equity dilution as well as likewise acquiring the perfect sources structure level.

Furthermore, using NBM Korea Ltd., NEO’s South Asian subsidiary, the management team stays in energised discussion with a number of South Asian financial institutions to guard computed economic debt financing at preferable terms with low-interest rates.

“As we hop on schedule to remain to the list below stages, the structure certificate consent is a substantial energizer that provides an advantageous setup to generate the ideal computed economic investments in addition to furthermore functions as a symbolic pivotal moment to our business renovations. We mean to provide prospering info that enhances both our business as well as likewise financial readying to establish substantial well worth for our financiers,” stated Mr. Spencer Huh.

Along with computed economic investments, South Asian governmental non-dilutive financing from green as well as likewise neat contemporary innovation strategies will absolutely be targeted, as well as likewise NEO Battery Products will absolutely interact as well as likewise team up with the Gyeonggi Area to guard various funding opportunities. In July 2020, the federal government presented the Asian New Deal to maintain green structure as well as likewise innovation in green fields, instilling approximately 135 billion USD to establish 1.9 million job by 2025. In a similar way, both federal government as well as likewise country South Asian government governments are generating added strategies to inspire carbon nonpartisanship as well as likewise zero-emission projects.

Concerning NEO Battery Products Ltd.
NEO Battery Products Ltd. is a Vancouver-based organization focused on electric car lithium-ion battery items. NEO has a focus on creating silicon anode items using its special single-step nanocoating treatment, which provides restorations in capability as well as likewise efficiency over lithium-ion batteries making use of graphite in their anode items. The Company suggests ahead to be a silicon anode energised items supplier to the electric car industry. For even more information, please most likely to the Company’s website at: https://www.neobatterymaterials.com/.

On behalf of the Board of Supervisors
Spencer Huh
President as well as likewise Ceo

This news release includes certain dynamic statements along with management’s objectives, approaches, concepts as well as likewise intents. Forward looking statements are frequently acknowledged by such words as “may”, “will absolutely”, “method”, “prepare for”, “get ready for”, “estimate”, “imply” as well as likewise equivalent words explaining future celebrations as well as likewise results. Dynamic statements are based upon the here and now viewpoint as well as likewise presumptions of management. All dynamic information is normally unforeseeable as well as likewise based upon a choice of anticipations, hazards as well as likewise changabilities, including the speculative nature of mineral exploration as well as likewise development, fluctuating possession prices, the performance as well as likewise suitability of advancements which have really not yet been taken a look at or validated on a commercial variety, economical hazards as well as likewise the timetable of financing, as clarified in a lot more info in our existing safety and securities filings easily offered at www.sedar.com. Actual celebrations or results may differ materially from those anticipated in the dynamic statements as well as likewise we alert versus placing extreme reliance thereon. We assume no dedication to customize or update these dynamic statements aside from as required by ideal regulations.

Neither TSX Venture Exchange neither its Legislation Solutions Provider (as that term is defined in the strategies of the TSX Venture Exchange) authorizes commitment for the proficiency or accuracy of this launch.

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