NEO Battery Materials Signs MOU with Producer of High-Purity Silicon by Solar & Semiconductor Silicon By-Product Waste Recycling
December 29 2022 - 09:00AM
(
TSXV:
NBM) (
OTCQB: NBMFF)
- MOU with an
Asia-Based Recycler of Silicon By-Product Waste from Solar and
Semiconductor Manufacturing into High-Purity Silicon Powder
- Due to Strategic
Reasons and Sensitive Nature of Information, Recycler Will Remain
Confidential until Disclosed
- Potential to
Reduce Silicon Input Price by Up to 40% and Secure Long-Term,
Stable-Priced Input Supply through Recycled Silicon Waste
- To Conduct
Silicon Anode Sample Testing with Recycled High-Purity Silicon
- Discussed
Potential Collaborative Opportunities to Enter North American
Market
NEO Battery Materials Ltd.
(“NEO” or the
“Company”),
a low-cost developer of silicon anode materials that enable
longer-running, rapid-charging lithium-ion batteries, is pleased to
announce that the Company has signed a Memorandum of Understanding
(“MOU”) with an Asia-based producer of high-purity
silicon powder through recycling silicon by-product waste from
solar photovoltaic cell and semiconductor manufacturing
(“Recycler”). Due to strategic reasons and the
sensitive nature of the information, negotiation, and technology,
the Recycler will remain confidential until officially
disclosed.
Under the terms of the MOU, the purpose is to
significantly enhance the price competitiveness of silicon anode
materials for electric vehicle lithium-ion batteries by integrating
the Recycler’s cost-reduced, recycled silicon input into NEO’s
proprietary silicon anode materials, NBMSiDE™.
- Compared to the
current metal silicon input for NBMSiDE™, the Recycler’s silicon
waste recycling technology may enable NEO Battery Materials to
realize a substantial price reduction in the silicon input
by 30% and up to 40%
- In early
January, the Company expects to receive recycled
high-purity silicon and conduct sample testing to assess
for performance, viability, and collaboration/research
direction
Further silicon input price reductions will
drastically enhance NBMSiDE™ price competitiveness compared to
existing high-priced competitors, and the Company may also uniquely
secure a long-term supply and stable price of silicon input through
recycled silicon by-product waste from solar energy &
semiconductor industries.
NEO has also discussed with the Recycler
regarding collaborative opportunities to enter the North American
market. With gigafactories being constructed in Canada and the
U.S., the Company has the potential to provide cost- and
environment-friendly silicon anodes through vertically-integrating
silicon anode production with the Recycler’s silicon waste
recycling. More collaboration and joint development activities with
lithium-ion battery supply chain players are expected in the
upcoming year, and corporate development activities will be
discussed in detail on the January 3rd webinar.
High-Purity Silicon Recovery from Solar
& Semiconductor Silicon By-Product WasteIn the process
of manufacturing polysilicon, silicon ingots, and wafers for solar
cells and semiconductors, substantial amounts of by-product waste
that contains silicon particles are produced. Thus far, this
by-product waste has been disposed of due to the lack of secondary
use through recycling.
The Recycler has developed its recycling
technology and know-how for over 20 years to recover high-purity
silicon from silicon by-product waste. This high-purity silicon can
be used as input feedstock for silicon anode materials in
lithium-ion batteries. As opposed to traditional, carbon-intensive
methods to manufacture silicon particles, the Recycler offers a
low-cost silicon recovery method that enables close-looped
manufacturing of silicon anode materials.
About NEO Battery Materials
Ltd.NEO Battery Materials Ltd.
is a Vancouver-based company focused on electric vehicle
lithium-ion battery materials. NEO has a focus on producing silicon
anode materials through its proprietary single-step nanocoating
process, which provides improvements in capacity and
efficiency over lithium-ion batteries using graphite in their anode
materials. The Company intends to become a silicon anode active
materials supplier to the electric vehicle industry. For more
information, please visit the Company’s website at:
https://www.neobatterymaterials.com/.
On behalf of the Board of DirectorsSpencer
HuhPresident and CEO604-697-2408shuh@neobatterymaterials.com
This news release includes certain forward-looking statements as
well as management's objectives, strategies, beliefs and
intentions. Forward looking statements are frequently identified by
such words as "may", "will", "plan", "expect", "anticipate",
"estimate", "intend" and similar words referring to future events
and results. Forward-looking statements are based on the current
opinions 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 development, fluctuating
commodity prices, the effectiveness and feasibility of technologies
which have not yet been tested or proven on a commercial scale,
competitive risks and the availability of financing, as described
in more detail in our recent securities filings available
at www.sedar.com. Actual events or results may differ materially
from those projected in the forward-looking statements and we
caution against placing undue reliance thereon. We assume no
obligation to revise or update these forward-looking statements
except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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