02 January 2026 | News
Image Courtesy: Public Domain
NEO Battery Materials Ltd. ("NEO" or the "Company") (TSXV: NBM) (OTC: NBMFF), a low-cost, silicon-enhanced battery developer that enables longer-running, rapid-charging batteries for drones, robotics, and electronics, announces that it has issued Restricted Share Units ("RSUs") to certain directors and officers in accordance with the Company's Omnibus Equity Incentive Plan.
The RSUs were granted as part of the Company's program to reward recent successes, including with commencing production at NEO's Battery Foundry, retaining global automotive manufacturers as anchor customers, and developing the Company's high-performance silicon battery products. The RSUs will further align the interests of directors and officers with those of shareholders, to incentivize sustained performance, execution, and value creation over time.
The Company has issued an aggregate of 1,350,000 RSUs to certain directors and officers. 675,000 RSUs will vest after a 12-month period, and the remaining 675,000 RSUs will vest after a 14-month period. The grant of the RSUs remains subject to approval by the TSX Venture Exchange.
Mr. Spencer Huh, President & CEO of NEO, commented:
As we enter the New Year, I would like to briefly reflect on NEO Battery's progress made over this past year and thank our shareholders, partners, and team members for their continued dedication and support.
2025 marked a period of meaningful transition and transformation. We advanced from an R&D organization into a manufacturing, operational, and commercialized one. By securing the 250 Megawatt-hour Battery Foundry, we are now producing industry-grade battery components and cells for global automotive OEMs. These achievements reflect disciplined execution, robust expertise across our team, and growing external validation of NEO's technology and product quality.
Looking ahead to 2026, our focus will be on expanding production capacity, customer pipelines, and product offerings. Along with the continuation of the silicon battery materials project, we aim to deliver high-performance silicon batteries to drones, robots & advanced electronics, helping downstream manufacturers secure a reliable, non-Chinese supply of batteries. We will approach the coming year with confidence and responsibility to deliver on our goals and milestones.
On behalf of the Board of Directors and the entire NEO team, I sincerely wish you a healthy, successful, and prosperous New Year.
