NEO Battery Materials Closes Final Tranche of Oversubscribed Private Placement

TORONTO, July 18, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the closing of the second and final tranche (the “Final Tranche”) of the oversubscribed, non-brokered private placement (the “Offering”) through the issuance of a further 1,400,000 units (each, a “Unit”) at a price of $0.50 CAD per Unit (the “Offering Price”) for gross proceeds of $700,000 CAD.