NEO Battery Materials Completes First Tranche of Private Placement Raising $200,000 CAD for Silicon Anode Development

NEO Battery Materials Announces Closing of First Tranche of Private Placement

**June 17, 2025** – NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a developer of low-cost silicon anode materials designed to enhance the performance of lithium-ion batteries, is excited to announce the successful closing of the first tranche (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 (the “Offering Price”), 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 is exercisable to acquire one Common Share of the Company at an exercise price of $0.75 CAD, valid for a period of 24 months following the closing date of the Offering.

The proceeds from this Offering will be allocated towards the following objectives:
1. Expanding research and development of silicon battery technologies and scaling production for large-scale battery manufacturing and testing.
2. Acquiring key manufacturing equipment.
3. Supporting working capital and general corporate overhead.

In relation to the Offering, the Company compensated finders with an aggregate cash commission of $14,000 CAD and issued 28,000 non-transferable warrants, exercisable at an exercise price of $0.50 CAD for a duration of 24 months from the Offering’s closing date.

The Units were offered to purchasers outside of Canada under an exemption from the prospectus requirement outlined in Ontario Securities Commission Rule 72-503 – Distributions Outside Canada (“OSC 72-503”). Consequently, the securities issued in accordance with OSC 72-503 will not be subject to resale restrictions. The Offering does not qualify as a Related Party Transaction as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), and thus, is not subject to TSXV Policy 5.9. Final acceptance of the Offering is pending from the TSXV.

This announcement 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 U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or if an exemption from such registration requirements is available.

### About NEO Battery Materials Ltd.

NEO Battery Materials is a Canadian technology company focused on developing silicon anode materials for lithium-ion batteries used in electric vehicles, electronics, and energy storage systems. With a patented, low-cost manufacturing process, NEO Battery aims to deliver longer-lasting and ultra-fast charging batteries compared to existing technologies. The Company aspires to become a leading global producer of silicon anode materials for the electric vehicle and energy storage sectors.

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

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

**For Investor Relations, PR & More Information:**
info@neobatterymaterials.com
T: +1 (437) 451-7678

This news release contains certain forward-looking statements that reflect management’s objectives, strategies, beliefs, and intentions. Information that is not clearly historical may constitute forward-looking information. Terms such as “plans,” “expects,” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or variations of such terms indicate forward-looking information. This information is subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied herein, including market volatility, general economic conditions, and risks associated with research and development.

Although the Company strives to identify factors that could cause actual outcomes to differ, there may be other factors beyond its control. No assurance can be given that forward-looking information will prove to be accurate. Such information is provided to help investors understand the Company’s business and operations and may not be suitable for other purposes. Readers are advised not to place undue reliance on forward-looking information, which is made as of the date of this release, and the Company does not commit to updating it except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.