- Secured 8 Acres
to Establish Canada’s First Advanced Silicon Anode Manufacturing
Facility in Windsor, Ontario
- Commercial
Facility to Produce 5,000 Tons of Silicon Anodes Annually with
Full-Phase Expansion
- Plans to
Initially Invest CAD 69 Million with Future Expansion Investment
Totalling Approximately CAD 120 Million in the Next 8 Years
- Creating Over
100 Skilled Jobs in the Battery Value Chain
- Initial Term of
49 Years with Tax Incentives and Favourable Lease Terms to Foster
Economic Growth and Innovation
- Windsor City
Council Approved Grant to Support Operations
NEO Battery Materials Ltd.
(TSXV:
NBM) (OTC: NBMFF), a low-cost
silicon anode materials developer that enables longer-running,
rapid-charging lithium-ion batteries, is highly pleased to enter
into a definitive lease agreement (the
“Agreement”) on December 20, 2024, with the City
of Windsor, Ontario (“Windsor”), securing 8 acres
of surplus lands at Windsor Airport. This significant milestone
marks a critical step toward establishing Canada’s first advanced
silicon anode manufacturing facility, further solidifying NEO’s
role in strengthening the Canadian battery value chain.
Advancing Canada and Ontario’s Battery
Ecosystem
Located in one of Canada’s key automotive and
battery hubs, NEO will lease 8 acres or 350,000 square feet to
construct a commercial plant capable of producing 5,000 tons of
silicon anodes annually. Initially planning to invest CAD 69
million, NEO expects to invest approximately CAD 120 million in
total over the next 8 years for future expansion of the Windsor
facility and value-added projects. The investment is expected to
create over 100 skilled jobs when fully operational. NEO’s facility
is expected to play a pivotal role in reducing reliance on imported
materials and enhancing the resilience of the burgeoning battery
supply chain in Ontario and across North America.
With an initial term of 49 years, the Agreement
includes tax incentives and favourable lease terms compared to
market rates, reflecting Windsor’s commitment to fostering economic
growth and innovation in battery technology. Through a Community
Improvement Plan, Windsor City Council has approved, in principle,
a grant for NEO Battery Materials to support their establishment
and operations. NEO’s decision to establish its first North
American manufacturing facility in Windsor underscores the
Company’s confidence in the region’s infrastructure, workforce, and
business-friendly environment.
From Left to Right: Irek Kusmierczyk, MP for
Windsor-Tecumseh; Joe Goncalves, VP, Investment Attraction &
Strategic Initiatives, Invest Windsor-Essex; Spencer Huh, President
& CEO, NEO Battery Materials; Danny Huh, SVP, Strategy &
Operations, NEO Battery Materials; Na Qu, Senior Investment
Attraction Officer, Invest Windsor-Essex; Tom Schnekenburger,
Director, Research Partnerships, University of Windsor; Drew
Dilkens, Mayor of City of Windsor
Mr. Drew Dilkens, Mayor of the City of Windsor
and Board Chair of Invest WindsorEssex, commented, “Today’s
announcement is a testament to Windsor’s strategic location,
skilled workforce, and leadership in the automotive and EV
industries. NEO Battery Materials’ decision to invest in our city
highlights our ability to attract forward-thinking companies that
drive innovation and create opportunities for our community. As the
Automotive and Automobility Capital of Canada, and one of the most
important communities to watch in the province and country, we are
excited to welcome NEO to Windsor and look forward to the positive
impacts, including job creation, this investment will bring to our
region.”
Mr. Joe Goncalves, Vice President of Investment
Attraction & Strategic Initiatives at Invest WindsorEssex,
expressed, “We are thrilled to welcome NEO Battery Materials to
Windsor-Essex, a testament to our region’s strategic location and
prominence as a global leader in next-generation vehicle production
and battery manufacturing. We are proud to support NEO Battery
Materials in establishing their innovative operations here and look
forward to their continued growth and impact in our community.”
“The execution of the Agreement represents a
transformative milestone for NEO Battery Materials and the Canadian
and Ontario battery ecosystem,” stated Mr. Spencer Huh, Director,
President and CEO of NEO. “We are proud to be establishing Canada’s
first advanced silicon anode manufacturing facility, enabling us to
address the increasing demand for high-performance and
cost-effective battery technologies. With a significant investment
in the Windsor community, NEO will further bolster Ontario’s clean
tech sector and strengthen Canada’s growing leadership in the
battery supply chain.”
Mr. Tom Schnekenburger, Director of Research
Partnerships at the University of Windsor, commented, “Creating a
thriving innovation ecosystem in Windsor-Essex comes from
collaborations with teams like NEO Battery Materials. These
projects are crucial to developing a world-class talent pool and
critical to advancing R&D and material discovery.”
About City of WindsorWindsor is
the proud International Gateway between Canada and the United
States of America, and the largest border city in the country. The
city boasts one of the busiest commercial Canada-U.S. border
crossings, handling about a third of all Canada-U.S. trade per day.
Strategically located, the city has easy access to the Right
Honourable Herb Gray Parkway, Highway 401, Highway 3, the
Ambassador Bridge, the Windsor-Detroit Tunnel, the Windsor
International Airport, and the Detroit Metropolitan Airport. At the
municipal level, the City of Windsor is led by a Mayor and City
Council who remain committed to making strategic investments in
infrastructure, assets, amenities and experiences to support and
sustain record growth, while keeping affordability and quality of
life top of mind.
About Invest WindsorEssexInvest
WindsorEssex is the lead economic development agency for the
Windsor-Essex region. The focus of the organization is to develop
and execute strategies to retain, expand, attract and help new
businesses start-up in Windsor-Essex. Invest WindsorEssex is led by
a board of distinguished community leaders. A team of professional
staff will assist you with all your location and investment
decisions by working one-on-one with businesses, to facilitate the
process of starting, growing or locating in Windsor-Essex.
investwindsoressex.com
About University of WindsorWith
a rich history dating back to 1857, the University of Windsor is a
comprehensive, student-focused institution with more than 17,000
students enrolled in a broad range of undergraduate and graduate
programs in the faculties of Arts, Humanities and Social Sciences,
Education, Engineering, Graduate Studies, Human Kinetics, Law,
Nursing, Odette School of Business and Science. UWindsor’s mission
is to empower positive change through regionally and globally
engaged inquiry, learning, scholarship, creative activity and
advance bold and impactful research. Visit www.uwindsor.ca to learn
more.
About NEO Battery Materials
Ltd.NEO
Battery Materials is a Canadian battery
materials technology company focused on developing silicon anode
materials for lithium-ion batteries in electric vehicles,
electronics, and energy storage systems. With a patent-protected,
low-cost manufacturing process, NEO Battery enables longer-running
and ultra-fast charging batteries compared to existing
state-of-the-art technologies. The Company aims to be a
globally-leading producer of silicon anode materials for the
electric vehicle and energy storage industries. For more
information, please visit the Company’s website at:
https://www.neobatterymaterials.com/.
On Behalf of the Board of DirectorsSpencer
HuhDirector, President, and CEO
For Investor Relations, PR & More
Information:info@neobatterymaterials.com
T: +1 (437) 451-7678
This news release includes certain
forward-looking statements as well as management's objectives,
strategies, beliefs and intentions. All information contained
herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward-looking
information can be identified notably by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: volatile
stock prices; the general global markets and economic conditions;
the possibility of write-downs and impairments; the risk associated
with the research and development of advanced technologies; the
risk associated with the effectiveness and feasibility of
technologies that have not yet been tested or proven on commercial
scale; the risks associated with entering into collaborations,
joint ventures, or partnerships with battery cell manufacturers and
OEMs; the risks associated with the construction, completion, and
financing of commercial facilities including the Windsor and South
Korean plant; fluctuations in input precursor prices; the risks
associated with uninsurable risks arising during the course of
research, development and production; competition faced by the
Company in securing experienced personnel and financing; access to
adequate infrastructure to support battery materials research and
development activities; the risks associated with changes in the
technology regulatory regime governing the Company; the risks
associated with the timely execution of the Company’s strategies
and business plans; the risks associated with the Company’s
abilities to attain its goals and commercialization; the risks
associated with the lithium-ion battery industry’s demand and
adoption of the Company’s silicon anode technology; the risks
associated with the various environmental and political regulations
the Company is subject to; the risks related to regulatory and
permitting delays; the reliance on key personnel; liquidity risks;
the risk of litigation; risk management; and other risk factors as
identified in the Company’s recent Financial Statements and
MD&A and in recent securities filings for the Company which are
available on www.sedarplus.ca. Forward-looking information is based
on assumptions management believes to be reasonable at the time
such statements are made, including but not limited to, continued
R&D and commercialization activities, no material adverse
change in precursor prices, development and commercialization plans
to proceed in accordance with plans and such plans to achieve their
stated expected outcomes, receipt of required regulatory approvals,
and such other assumptions and factors as set out herein. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended.
There can be no assurance that such forward-looking information
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such
forward-looking information. Such forward-looking information has
been provided for the purpose of assisting investors in
understanding the Company's business, operations, research and
development, and commercialization plans and may not be appropriate
for other purposes. Accordingly, readers should not place undue
reliance on forward-looking information. Forward-looking
information is made as of the date of this presentation, and the
Company does not undertake to update such forward-looking
information except in accordance with applicable securities
laws.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of
theTSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1fb76d5f-899a-459d-8500-711fe072b8bd
NEO Battery Materials (TSXV:NBM)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025
NEO Battery Materials (TSXV:NBM)
과거 데이터 주식 차트
부터 1월(1) 2024 으로 1월(1) 2025
