NEO Battery Materials Completes First Tranche of Private Placement Financing

NEO Battery Materials Announces Closing of First Tranche of Private Placement

**TORONTO**, June 17, 2025 – NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a developer of low-cost silicon anode materials that enhance the performance of lithium-ion batteries, is excited to announce the completion of the first tranche of a non-brokered private placement (the “Offering”). This tranche involved the issuance of 400,000 units (each a “Unit”) at a price of $0.50 CAD per Unit, resulting in total gross proceeds of $200,000 CAD.

Each Unit comprises one common share of the Company (each a “Common Share”) and one non-transferable Common Share purchase warrant (each a “Warrant”). Each whole Warrant can be exercised to acquire one Common Share at an exercise price of $0.75 CAD for a period of 24 months from the closing date of the Offering.

The proceeds from this Offering will be allocated towards several key areas, including:
1. Scaling up silicon battery research and development as well as production for large-scale battery manufacturing and testing.
2. Purchasing essential manufacturing equipment.
3. Providing working capital and covering general corporate overhead.

In connection with the Offering, the Company has compensated finders with:
– An aggregate cash commission of $14,000 CAD.
– 28,000 non-transferable warrants of the Company, exercisable at an exercise price of $0.50 CAD for a period of 24 months from the closing date of the Offering.

The Units have been offered to purchasers outside of Canada under an exemption from the prospectus requirement available under Ontario Securities Commission Rule 72-503 – Distributions Outside Canada (“OSC 72-503”). Consequently, the securities issued pursuant to OSC 72-503 will not be subject to resale restrictions.

This Offering is not classified as a Related Party Transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and is, therefore, not subject to TSXV Policy 5.9. The Offering is still subject to final acceptance by the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or unless an exemption from such registration requirements is available.

### About NEO Battery Materials Ltd.
NEO Battery Materials is a Canadian technology company specializing in the development of silicon anode materials for lithium-ion batteries used in electric vehicles, electronics, and energy storage systems. With a patent-protected, cost-effective manufacturing process, NEO Battery aims to produce batteries that last longer and charge more rapidly compared to current industry standards. The company aspires to become a leading global producer of silicon anode materials in the electric vehicle and energy storage sectors.

For more information, please visit the Company’s website at: [www.neobatterymaterials.com](https://www.neobatterymaterials.com/).

**On Behalf of the Board of Directors**
Spencer Huh
Director, President, and CEO

For investor relations, PR and more information, contact:
info@neobatterymaterials.com
T: +1 (437) 451-7678

This news release includes certain forward-looking statements, as well as management’s objectives, strategies, beliefs, and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Such information can typically be identified by terms such as “plans,” “expects,” “is expected,” “anticipates,” and other similar expressions.

Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These factors include but are not limited to volatile stock prices, general market conditions, risks related to research and development, and supply chain challenges, among others.

While the Company aims to provide accurate forward-looking information, actual results and future events may differ significantly from those anticipated. Readers are cautioned not to place undue reliance on any forward-looking information. The Company does not undertake to update such information except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.