Pilot Plant Design Launch: Cost-effective One-Step Silicon Coating Process and NEO Battery Mass Production

Vancouver, British Columbia – (Newsfile Corp. – June 23, 2021) – NEO Battery Materials Ltd. (TSX Venture Exchange: NBM) (OTC: FFNB) (“NEO“or the”Society“) is pleased to announce the launch of a pilot plant project where NEO intends to use internal resources to design and test equipment that will use the silicon (Si) nanocoating process in a single NEO step.

Initiation to the design of a pilot plant

Spencer Huh, President and CEO of NEO, said, “We are pleased to announce that Dr. JH Park, Director and Chief Scientific Advisor of NEO, and Mr. Suk Joong Hwang, Member of the Scientific Advisory Board of company, initiated the design The NEO team of scientists also began to test and validate equipment that will be used in the project by trying to apply NEO’s solution-based monopot nanocoating technology to Si materials. micron-sized commercial grade. Research project was initiated at the request of several users of lithium-ion batteries. “Dr. Park also added,” The feasibility study and related preliminary work to optimize the design process will be updated shortly. “

Mr. Sung Rock Hwang, COO and Senior Vice President of NEO, said, “The objective of the project is to establish a basic design of pilot scale coating process and verify the feasibility of NEO’s nanocoating technology for metallurgical grade silicon. , we further focus on a cost effective separation method as it will capture most of the energy consumption during our nanocoating pilot process.The pilot plant project aims to prove the company’s ability to produce Si materials of varying sizes ranging from ~ 50 nanometers to several micron-sized Si materials that are strategically important for conventional liquid-based Li-ion batteries and next-generation all-solid-state batteries (ASSBs). “

Mr. Hwang added, “Based on my experience at Samsung SDI, NEO is on track to manufacture cost effective silicon anode materials, simultaneously delivering the performance benefits required by industry. There are a lot more synergies to be achieved within the team. and externally, and NEO will provide updates on the progress of the pilot plant project on an ongoing basis. “

Advantage of the NEO process

The scalability and mass productivity of NEO’s silicon anode materials are made possible through a simple and efficient one-step process in which the company can achieve significant cost savings or economies of scale when making the manufacture of the exclusive Si material. NEO’s one-step, one-pot solution process effectively eliminates the need for a multi-step manufacturing process, reducing processing time and improving throughput by eliminating processing steps unnecessary, so bottlenecks.

Economical manufacturing is further facilitated by NEO’s one-step process which does not involve complex and expensive environments such as high temperature, high pressure or vacuum. Chemical vapor deposition (CVD), pyrolysis methods, or other high cost engineering methods are not used when fabricating NEO Si materials, as these processes are not compatible for scalability and inexpensive mass production of materials. In addition, NEO uses low-cost coating raw materials to manufacture the silicon materials, further reducing the cost of its final product as well as safe synthesis.

NEO is considering the possibility of integrating its single-step coating process into various types of Si materials in order to achieve a universal and innovative process. The ability to coat Si to a desired particle size will lead to a major manufacturing and cost advantage – a substantial value proposition for NEO – allowing the Company to become an integrated silicon producer and anode materials manufacturer.

About Dr Jong Hyeok Park

Dr Jong Hyeok Park is Chief Science Advisor and Director of NEO Battery Materials Ltd. He was principal investigator for LG Chem and co-developer of LG Chem’s innovative core technology, the Safety Reinforced Separator (SRS). Dr Park holds a total of 92 patents and is currently Professor of Chemical and Biomolecular Engineering at Yonsei University in Seoul.

About Mr. Sung Rock Hwang

Mr. Sung Rick Hwang has over 30 years of experience with Samsung SDI, as Executive Director and Head of Purchasing until 2018. His responsibilities included supply chain management, purchasing planning and advanced business development.

About NEO Battery Materials Ltd.

NEO Battery Materials Ltd. is a Vancouver-based resource company focused on exploration for battery metals in North America. The Company is focused on the development of silicon anodes through the nanocoating of an ion-conductive elastomer layer, which improves capacity and efficiency compared to lithium-ion batteries using graphite in their materials. anode. The Company intends to become a supplier of silicon anode materials for the electric vehicle industry. The Company staked new mineral claims in Golden, British Columbia along a quartzite bed strike targeting silica in quartzites for a total of 467 hectares. For more information, please visit the Company’s website at: https://www.neobatterymaterials.com/.

On behalf of the board of directors
Spencer Hein
President and CEO
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This press release includes certain forward-looking statements as well as the objectives, strategies, beliefs and intentions of management. Forward-looking statements are frequently identified by words such as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to to future events and results. Forward-looking statements are based on the current beliefs and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and operation, fluctuation in commodity prices, efficiency and the feasibility of technologies that have not yet been tested or proven on a commercial scale basis, competitive risks and the availability of funding, as further described in our recent securities filings available at www.sedar.com . Actual events or results may differ materially from those projected in forward-looking statements and we caution against relying on undue reliance on them. We assume no obligation to revise or update these forward-looking statements, except as required by applicable law.

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Leon E. Hill

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