- NEO Battery Materials (TSXV:NBM) signed a four-year offtake agreement to supply 50 tons of its silicon anode materials (NBMSiDE P-200 and P-300N) to a North American battery company focused on drones, UAS, and defense systems
- A joint development agreement was also signed to co-develop and optimize battery performance through field testing in unmanned systems, targeting improvements in energy density, charge/discharge rates, and power output
- NEO is scaling up production, aiming for 20 tons per year initially and expanding to 240 tons annually, with plans to lease a commercial facility for manufacturing high-performance batteries for robotics, drones, and automotive applications
- NEO Battery Materials stock (TSXV:NBM) opened trading at $0.71
Lithium battery technology stock NEO Battery Materials (TSXV:NBM) has signed a multi-year offtake agreement and joint development agreement with a North American lithium-ion battery company specializing in high-performance applications for unmanned aerial systems (UAS), drones, and defense-related mobile technologies.
Under the Offtake Agreement, the Customer has committed to purchasing 50 tons of NEO’s proprietary silicon anode materials, NBMSiDE P-200 and P-300N, over an initial four-year term beginning in 2026. The agreement marks a significant milestone in NEO’s commercialization strategy, with pricing to be determined through a mutually agreed structure based on raw material and processing costs at the time of supply.
To support the Offtake, the Joint Development Agreement establishes a collaborative framework for integrating NEO’s silicon anodes into the Customer’s lithium-ion and lithium-polymer battery cells. The partnership will focus on optimizing battery performance through system-integrated field testing in UAS and drone platforms. Key performance metrics include energy density (Wh/kg), safe charging/discharging rates, and power output—critical for the demanding environments of defense and robotics applications.
“This offtake and joint development agreement represent another critical milestone in the commercialization of NEO’s silicon battery technology, as we expand into synergistic, revenue-potential verticals of battery design and manufacturing,” NEO’s president and CEO, Spencer Huh said in a news release. “By partnering with a North American battery company, we are advancing our mission to establish a robust and high-quality North American battery supply chain. For the Western world, our company aims to become the go-to alternative for high-performance battery materials and components to any end-use application.”
NEO is currently advancing its production capabilities, targeting an initial output of 20 tons per year following successful prototype validation and growing demand from end users. The company plans to scale up to 240 tons annually to meet downstream requirements and support its in-house battery manufacturing initiatives. As part of this expansion, NEO is conducting due diligence to lease a commercial facility for producing high-performance, customized batteries for drones, robotics, and automotive applications.
About NEO Battery Materials
NEO is a Canadian battery technology company developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics and energy storage systems.
NEO Battery Materials stock (TSXV:NBM) opened 10.94 per cent higher at $0.71. Though down 11.39 per cent since the year began, it has risen 125.81 per cent since this time last year.
Join the discussion: Find out what the Bullboards are saying about NEO Battery Materials and check out Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
