NEO Battery Enters into LOI for Operational Battery Component Manufacturing Facility Lease and Announces Non-Brokered Private Placement Offering

TORONTO, Sept. 22, 2025 (GLOBE NEWSWIRE) -- 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 announce that it has entered into a Letter of Intent (“LOI”) with a South Korean battery company to lease an operational, revenue-generating battery components manufacturing facility to initiate customized, high-performance battery production for the drone, unmanned aerial vehicle (UAV), robotics, electronics, automotive, and energy storage sectors. In connection, the Company intends to undertake a non-brokered private placement.

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