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NEO Battery Materials Ltd
(NBM)
NEO Battery Materials Ltd (NBM) vs. iShares MSCI Canada ETF (EWC)
NEO Battery Materials Ltd Business Overview & Revenue Model
NEO Battery Materials Ltd Financial Statement Overview
| Breakdown | TTM | May 2024 | May 2022 | May 2021 | Feb 2021 | Feb 2018 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -317.50K | -281.22K | -112.50K | -72.00K | -59.77K | -1.66K |
| EBITDA | -5.31M | -3.96M | -1.82M | -1.91M | -1.44M | -590.90K |
| Net Income | -5.24M | -3.88M | -1.61M | -2.08M | -1.66M | -592.57K |
Balance Sheet | ||||||
| Total Assets | 9.54M | 1.42M | 3.13M | 1.67M | 746.37K | 3.00M |
| Cash, Cash Equivalents and Short-Term Investments | 4.82M | 369.69K | 1.63M | 1.26M | 638.30K | 168.67K |
| Total Debt | 229.67K | 168.07K | 177.86K | 12.17K | 1.37M | 0.00 |
| Total Liabilities | 1.16M | 654.09K | 179.24K | 178.29K | 1.58M | 430.57K |
| Stockholders Equity | 8.99M | 977.77K | 1.89M | 1.50M | -834.53K | 2.57M |
Cash Flow | ||||||
| Free Cash Flow | -6.69M | -1.75M | -2.26M | -1.67M | -760.43K | -506.81K |
| Operating Cash Flow | -6.47M | -1.73M | -1.77M | -1.50M | -759.08K | -318.26K |
| Investing Cash Flow | -225.84K | -25.22K | -1.16M | -177.46K | -1.34K | -29.59K |
| Financing Cash Flow | 11.08M | 1.22M | 3.31M | 2.30M | 1.18M | 451.85K |
NEO Battery Materials Ltd Technical Analysis
NEO Battery Materials Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$46.02M | -14.37 | -122.87% | ― | ― | -692.49% | |
51 Neutral | C$60.47M | -10.29 | -3.86% | ― | ― | ― | |
48 Neutral | C$106.50M | -6.66 | -450.88% | ― | ― | -38.68% | |
45 Neutral | C$15.82M | -2.74 | -24.07% | ― | ― | 76.16% | |
44 Neutral | C$14.63M | -1.48 | ― | ― | ― | ― | |
43 Neutral | C$20.53M | -21.60 | -110.71% | ― | ― | -2850.00% |
NEO Battery Materials Ltd Corporate Events
NEO Battery Materials has entered a strategic technology partnership with South Korean AI logistics robotics firm Zio Robot to integrate high-energy lithium-ion battery cells into Zio’s Mobile Worker autonomous mobile robots. The collaboration aims to improve energy density and high-rate discharge compared with current Chinese-made batteries, boosting payload capacity and runtime for robots that can handle loads up to 6,000 kilograms.
Under the partnership, the companies will co-develop and prototype optimized battery systems for deployment with Zio’s anchor collaborators, including Samsung Electronics, in industrial and manufacturing logistics settings. The deal positions NEO as a non-Chinese, application-specific supplier to high-growth physical AI and robotics markets, while enabling Zio to advance higher-load robot models and diversify its battery supply chain for broader global expansion.
The most recent analyst rating on (TSE:NBM) stock is a Sell with a C$0.68 price target. To see the full list of analyst forecasts on NEO Battery Materials Ltd stock, see the TSE:NBM Stock Forecast page.
NEO Battery Materials nearly doubled the flight time of a Korean customer’s commercial surveillance drone in a live cold-weather field test, with its new NBM Drone Cell extending average flights from about 30 minutes to just over 59 minutes versus a mass-produced Chinese battery. The silicon-enhanced pack delivered 55% higher energy capacity and 29% higher energy density, while matching discharge characteristics, improving safety via a more stable voltage profile, and boosting system-level efficiency metrics such as flight time per weight and per capacity.
The company also achieved charging-rate improvements of 50% under standard conditions, with potential gains up to 150% under ultra-fast protocols, reinforcing the technology’s appeal for mission-critical applications. By validating a non-Chinese, high-performance battery platform that can be integrated without redesigning existing drones, NEO is strengthening its position as a strategic supplier for industrial, emergency response, precision agriculture, and defense drone markets, and is now moving toward commercial readiness through BMS integration, pack optimization, and expanded customer and government evaluations.
The most recent analyst rating on (TSE:NBM) stock is a Sell with a C$0.61 price target. To see the full list of analyst forecasts on NEO Battery Materials Ltd stock, see the TSE:NBM Stock Forecast page.
NEO Battery Materials has appointed retired four-star General Chang-Jun Ko, former Acting Chief of Staff of the Republic of Korea Army, to its board as an independent director, reinforcing the company’s strategic push into South Korea’s defense sector. Ko’s deep familiarity with field requirements, procurement processes and government stakeholders is expected to help align NEO’s high-performance battery solutions with military standards and to facilitate access to defense-related opportunities.
The company also signed an investor relations agreement with Toronto-based Target IR & Communications to enhance its visibility in Canadian capital markets and strengthen corporate messaging. By pairing high-level defense sector expertise with a more structured IR and communications strategy, NEO aims to sharpen its industry positioning and attract broader investor interest as it scales its silicon-enhanced battery technologies for defense and advanced technology applications.
The most recent analyst rating on (TSE:NBM) stock is a Sell with a C$0.61 price target. To see the full list of analyst forecasts on NEO Battery Materials Ltd stock, see the TSE:NBM Stock Forecast page.
NEO Battery Materials has entered a technology partnership with Korea Zinc and Taesung under a memorandum of understanding to commercialize composite copper foil current collectors for lithium-ion batteries used in drones, robotics and micromobility. By replacing part of the copper with lighter polymer materials, the composite foils are designed to cut weight and cost while boosting safety and energy density, and they are intended to work synergistically with NEO’s NBMSiDE silicon anode to extend cycle life and operating time. The partners will jointly optimize the material, develop and test bench-scale cells, and then co-manufacture system-level battery prototypes for field trials, a move aimed at securing an early competitive position in the emerging global composite copper foil market and strengthening NEO’s differentiated offering to drone and robotics customers.
The most recent analyst rating on (TSE:NBM) stock is a Sell with a C$0.61 price target. To see the full list of analyst forecasts on NEO Battery Materials Ltd stock, see the TSE:NBM Stock Forecast page.
NEO Battery Materials has developed its first high-performance drone battery cell, the NBM Drone Cell, which delivers more than 50% higher capacity and 40% greater energy density than widely used Chinese-made commercial drone batteries, while maintaining identical size and dimensions. By benchmarking incumbent Chinese cells and rapidly moving from teardown analysis to prototype manufacture and pack assembly within two months, the company positions itself as a competitive alternative supplier for reconnaissance and surveillance drones and other mission‑critical electronics, aiming to address supply chain concentration and security concerns and preparing for real-world field tests on a commercial surveillance drone in early February.
The most recent analyst rating on (TSE:NBM) stock is a Sell with a C$0.61 price target. To see the full list of analyst forecasts on NEO Battery Materials Ltd stock, see the TSE:NBM Stock Forecast page.
NEO Battery Materials has launched a non-brokered private placement of up to approximately 11.67 million units at C$0.60 per unit, seeking to raise as much as C$7 million. Each unit includes one common share and one non-transferable warrant exercisable at C$0.85 for 36 months, with provisions for finder fees and options, and the financing remains subject to final TSX Venture Exchange approval. The funds are earmarked primarily for installing additional battery manufacturing equipment, including formation and cylindrical/prismatic cell assembly, at the company’s operational Gimje battery factory and expansion site, as well as for general working capital, underscoring NEO’s push to scale production capacity and strengthen its position in advanced lithium-ion battery components for high-growth electronics and mobility markets.
The most recent analyst rating on (TSE:NBM) stock is a Hold with a C$0.77 price target. To see the full list of analyst forecasts on NEO Battery Materials Ltd stock, see the TSE:NBM Stock Forecast page.
NEO Battery Materials has fully subscribed a non-brokered private placement of 11,666,667 units at C$0.60 per unit, raising approximately C$7 million with strong backing from institutional investors. Each unit comprises one common share and one non-transferable warrant exercisable at C$0.85 for 36 months, and the proceeds will be used to install additional battery manufacturing equipment, including formation and cylindrical/prismatic cell assembly, at its operational Gimje battery factory and expansion site, as well as for general working capital, supporting the company’s capacity expansion and positioning within the advanced battery manufacturing sector. The financing, which remains subject to standard closing conditions and TSX Venture Exchange acceptance, is being offered to investors outside Canada under an exemption from prospectus requirements, potentially broadening NEO Battery’s international investor base while reinforcing its capital resources for scaling production.
The most recent analyst rating on (TSE:NBM) stock is a Hold with a C$0.77 price target. To see the full list of analyst forecasts on NEO Battery Materials Ltd stock, see the TSE:NBM Stock Forecast page.
NEO Battery Materials Ltd., a Canadian developer of silicon-enhanced lithium-ion batteries for high-performance applications such as drones, robotics, EVs, and AI-focused energy storage systems, is expanding from its R&D roots toward full-scale manufacturing and integrated battery solutions in North America. The company has granted 1,350,000 restricted share units to certain directors and officers under its equity incentive plan, recognizing milestones including the start of production at its 250 MWh Battery Foundry, securing global automotive manufacturers as anchor customers, and advancing its silicon battery products; the awards are designed to align leadership with shareholders and support continued execution as NEO targets expanded production capacity, a broader customer pipeline, and non-Chinese battery supply options in 2026, subject to TSX Venture Exchange approval of the grant.
The most recent analyst rating on (TSE:NBM) stock is a Hold with a C$0.60 price target. To see the full list of analyst forecasts on NEO Battery Materials Ltd stock, see the TSE:NBM Stock Forecast page.
NEO Battery Materials has secured official vendor status with an unnamed Asian Fortune Global 500 automotive original equipment manufacturer, following a successful supplier onboarding process that met the customer’s technical, compliance and evaluation standards. The designation validates the quality and consistency of NEO’s silicon‑enhanced battery products and manufacturing operations, and allows the company to directly supply and engage in commercial transactions with the automaker without third‑party intermediaries, expanding its role in ongoing testing, integration and future sourcing discussions within the global automotive battery supply chain.
The most recent analyst rating on (TSE:NBM) stock is a Hold with a C$0.60 price target. To see the full list of analyst forecasts on NEO Battery Materials Ltd stock, see the TSE:NBM Stock Forecast page.
NEO Battery Materials has appointed University of Toronto associate professor and nano-structured polymer and composite materials expert Dr. Patrick C. Lee as Senior Scientific Advisor to support its silicon-enhanced battery technology for mobility and electronics applications. Dr. Lee will guide the development of lightweight composite materials for battery packs and drone airframes, as well as optimized thermal interface materials to improve heat dissipation, aiming to boost energy density, efficiency and safety, while also deepening NEO’s collaboration with the University of Toronto and positioning the company more firmly within Canada’s advanced materials and clean energy ecosystem through innovation hubs and potential funding partnerships.
NEO Battery Materials has secured a second pilot-scale battery purchase order from a North America-based Fortune 500 automotive manufacturer, following a recent initial order from an Asia-based Fortune 500 automaker, marking deeper engagement with global automotive OEMs. The orders, coordinated via ENPLUS, will see NEO ship industry-grade battery electrodes and pouch cells produced at its megawatt-hour manufacturing facility for integration testing in automotive applications, reinforcing the company’s technology, manufacturing quality and process stability and positioning it closer to potential long-term commercial supply agreements and broader adoption of its silicon-enhanced battery solutions in the automotive sector.
NEO Battery Materials has signed a Memorandum of Understanding with the Korea Institute for Defense Industry, a Ministry of National Defense-approved organization, to deepen its engagement with South Korea’s defense ecosystem across industry, military, academia, research and government. Under the agreement, the partners will form a Joint Task Force focused on integrating NEO’s silicon-enhanced battery technology into defense drones and unmanned aerial systems, coordinating technical evaluations and defense R&D, and supporting government–industry initiatives, positioning NEO for faster adoption of its batteries in Korean defense applications and greater visibility into performance requirements for future deployment.