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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 | Dec 2024 | Dec 2024 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -301.95K | -206.97K | -281.22K | -112.50K | -72.00K | -58.89K |
| EBITDA | -4.80M | -2.98M | -3.96M | -1.82M | -1.91M | -979.71K |
| Net Income | -4.70M | -2.84M | -3.88M | -1.61M | -2.08M | -1.09M |
Balance Sheet | ||||||
| Total Assets | 1.39M | 2.95M | 1.42M | 3.13M | 1.67M | 389.12K |
| Cash, Cash Equivalents and Short-Term Investments | 155.80K | 941.98K | 369.69K | 1.63M | 1.26M | 219.28K |
| Total Debt | 255.18K | 215.75K | 168.07K | 177.86K | 12.17K | 141.85K |
| Total Liabilities | 1.08M | 725.43K | 654.09K | 179.24K | 178.29K | 306.46K |
| Stockholders Equity | 680.47K | 2.06M | 977.77K | 1.89M | 1.50M | 82.66K |
Cash Flow | ||||||
| Free Cash Flow | -1.98M | -2.88M | -1.75M | -2.26M | -1.67M | -1.15M |
| Operating Cash Flow | -1.76M | -2.52M | -1.73M | -1.77M | -1.50M | -1.15M |
| Investing Cash Flow | -214.61K | -2.07M | -25.22K | -1.16M | -177.46K | 0.00 |
| Financing Cash Flow | 2.07M | 3.90M | 1.22M | 3.31M | 2.30M | 1.06M |
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$96.45M | -18.59 | -450.88% | ― | ― | -38.68% | |
53 Neutral | C$30.95M | -2.51 | -24.07% | ― | ― | 76.16% | |
51 Neutral | C$49.94M | -47.73 | -3.86% | ― | ― | ― | |
46 Neutral | C$22.81M | -0.73 | -110.71% | ― | ― | -2850.00% | |
43 Neutral | C$15.72M | -0.99 | ― | ― | ― | ― | |
39 Underperform | C$43.66M | -2.63 | -122.87% | ― | ― | -692.49% |
NEO Battery Materials Ltd Corporate Events
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.
NEO Battery Materials Ltd. has entered a Joint Product Development Agreement with Nascent Materials Inc. to create advanced, low-cost lithium-ion batteries for defense drones and AI energy storage systems. This collaboration will integrate NEO’s silicon anode materials with Nascent’s LFP cathode materials, aiming to produce high-energy-density batteries that enhance the range and capabilities of unmanned aerial vehicles and support the power demands of AI data centers and power grids. The partnership is a strategic move to strengthen the North American battery supply chain and accelerate the electrification of critical industries.
NEO Battery Materials Ltd. has entered into a definitive lease agreement with ENPLUS Co., Ltd. for a battery electrode manufacturing facility in the Gimje Free Trade Zone. This move marks a significant transition from technology development to production, allowing NEO to access commercial-scale manufacturing capabilities. The facility will initially supply major automotive OEMs and downstream manufacturers, with plans to adapt production for custom silicon-enhanced electrodes for new clients. The lease agreement enables NEO to bypass the capital and time-intensive process of building a new plant, accelerating its commercialization and scaling efforts.
NEO Battery Materials Ltd. has secured a $3 million CAD purchase order and a joint product development agreement with a South Korean unmanned combat aerial vehicle manufacturer. This collaboration, under ‘Project David,’ aims to provide advanced battery solutions to enhance the performance of various drone platforms, including swarm UCAVs, medium VTOLs, and balloon systems. The project focuses on improving energy density, flight time, and cost-effectiveness, positioning NEO to compete with traditional fuel-based UCAVs. Additionally, NEO is set to finalize a lease agreement for a battery components manufacturing facility, which will enable the company to restart production and expand its supply of silicon-enhanced batteries to major automotive manufacturers and other clients.
NEO Battery Materials Ltd. has successfully closed a non-brokered private placement, raising approximately $5 million CAD through the issuance of 9,803,921 units. The proceeds will be used to acquire battery manufacturing equipment and support the company’s expansion efforts, enhancing its production capabilities. This financial move is expected to strengthen NEO’s market position in the battery technology industry, particularly in the electric vehicle and energy storage markets, by enabling further development and scaling of its silicon anode materials.
NEO Battery Materials Ltd. has announced a non-brokered private placement offering to raise approximately $5 million CAD through the issuance of units consisting of common shares and warrants. The proceeds will be used to procure battery manufacturing equipment and support the company’s expansion efforts, enhancing its capacity to produce high-performance batteries for drones, robotics, and electronics. This strategic move is expected to bolster NEO’s operational capabilities and strengthen its position in the battery materials industry.
NEO Battery Materials Ltd. has successfully closed its non-brokered private placement offering, raising approximately $5 million CAD. The funds will be used to advance the commercialization and production of its high-performance lithium-silicon batteries, including the development of a megawatt-hour scale battery manufacturing facility. This strategic move positions NEO to become a vertically integrated battery solutions provider, enhancing its market presence in the drone, robotics, automotive, and electronics industries.
NEO Battery Materials Ltd. has secured a $2.5 million CAD purchase order and a joint development agreement with a South Korean industrial robotics company. This collaboration will see NEO supplying high energy density lithium-silicon battery packs for autonomous mobile robots and humanoid platforms, enhancing their energy and power density. The agreement underscores NEO’s strategic positioning in the robotics and autonomous systems market, aiming to surpass existing battery performance benchmarks and expand its presence in sectors demanding high-performance battery solutions.