Latest news with #siliconanode
Yahoo
4 days ago
- Business
- Yahoo
NEO Battery Materials Announces Closing of First Tranche of Private Placement
TORONTO, June 17, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the closing of the first tranche (the 'First Tranche') of a non-brokered private placement (the 'Offering') through the issuance of 400,000 units (each, a 'Unit') at a price of $0.50 CAD per Unit (the 'Offering Price') for aggregate gross proceeds of $200,000 CAD. Each Unit consists of one common share of the Company (each, a 'Common Share') and one non-transferable Common Share purchase warrant (each, a 'Warrant'). Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of $0.75 CAD for a period of 24 months from the closing date of the Offering. The use of proceeds will be allocated towards (i) scaling-up silicon battery research and development and production for large-scale battery manufacturing and testing, (ii) purchases of key manufacturing equipment, and (iii) working capital and general corporate overhead. In connection with the Offering, the Company paid to the finders: (i) an aggregate cash commission of $14,000 CAD, and (ii) 28,000 non-transferable warrants of the Company exercisable at an exercise price of $0.50 CAD for a period of 24 months from the closing date of the Offering. The Units have been offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available under Ontario Securities Commission Rule 72-503 – Distributions Outside Canada ('OSC 72-503'), and accordingly, the securities issued pursuant to OSC 72-503 will not be subject to resale restrictions. The Offering is not a Related Party Transaction as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101') and therefore is not subject to TSXV Policy 5.9. The Offering is subject to final acceptance of the TSXV. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act') or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities law, or an exemption from such registration requirements is available. 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: On Behalf of the Board of DirectorsSpencer HuhDirector, President, and CEO For Investor Relations, PR & More Information:info@ 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 and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; 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 and resources 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 lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes within battery manufacturers and OEMs systems; the risks associated with the various environmental and political regulations the Company is subject to; 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 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 the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
NEO Battery Materials Announces Closing of First Tranche of Private Placement
TORONTO, June 17, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the closing of the first tranche (the 'First Tranche') of a non-brokered private placement (the 'Offering') through the issuance of 400,000 units (each, a 'Unit') at a price of $0.50 CAD per Unit (the 'Offering Price') for aggregate gross proceeds of $200,000 CAD. Each Unit consists of one common share of the Company (each, a 'Common Share') and one non-transferable Common Share purchase warrant (each, a 'Warrant'). Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of $0.75 CAD for a period of 24 months from the closing date of the Offering. The use of proceeds will be allocated towards (i) scaling-up silicon battery research and development and production for large-scale battery manufacturing and testing, (ii) purchases of key manufacturing equipment, and (iii) working capital and general corporate overhead. In connection with the Offering, the Company paid to the finders: (i) an aggregate cash commission of $14,000 CAD, and (ii) 28,000 non-transferable warrants of the Company exercisable at an exercise price of $0.50 CAD for a period of 24 months from the closing date of the Offering. The Units have been offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available under Ontario Securities Commission Rule 72-503 – Distributions Outside Canada ('OSC 72-503'), and accordingly, the securities issued pursuant to OSC 72-503 will not be subject to resale restrictions. The Offering is not a Related Party Transaction as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101') and therefore is not subject to TSXV Policy 5.9. The Offering is subject to final acceptance of the TSXV. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act') or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities law, or an exemption from such registration requirements is available. 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: On Behalf of the Board of DirectorsSpencer HuhDirector, President, and CEO For Investor Relations, PR & More Information:info@ 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 and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; 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 and resources 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 lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes within battery manufacturers and OEMs systems; the risks associated with the various environmental and political regulations the Company is subject to; 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 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 the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNET
5 days ago
- CNET
iPhone 17 Rumors: New iPhone Battery Could Be Stronger and Smaller
The next iteration of iPhones is just around the corner, with an official announcement expected sometime this fall. With the Worldwide Developers Conference now behind us, we're most looking forward to the announcement of the iPhone 17. There are plenty of rumors about what the next iPhone will look like and what sort of specs it may have. One of the more popular talking points for any new smartphone release is battery life, and the new iPhone is no exception. A rumored iPhone 17 Air with a thinner design has raised the question of whether a slimmer iPhone would have to sacrifice battery life. Regardless of the model type, battery life is a concern across the board. After all, you can't use your new tech if the battery drains too fast and doesn't last more than a few hours. We've sorted through all the rumors and leaks when it comes to the battery for the iPhone 17. Let's break it down. Battery size for the next iPhone Current iPhones utilize a lithium-ion battery, which is less malleable and not really conducive to being used in a slimmer model, like the rumored iPhone 17 Air. So, if they were to shrink the lithium-ion battery to fit a skinnier frame, it would likely have less capacity. However, Apple may be adding a silicon-anode battery to the new slimmer iPhone, according to AppleInsider. Compared with graphite-based anodes, common in lithium-ion batteries, silicon anodes can hold more lithium ions, allowing them to store more energy. In theory, that would mean a more compact silicon-anode battery wouldn't sacrifice power. The iPhone may even charge faster than previous iterations as a result. As for the rumored iPhone 17 Pro Max, according to 9to5mac, it's expected to have a slightly larger battery than the iPhone 16 Max Pro. AI-powered battery management The next iPhones (and the current models after iOS 26 rolls out) will have AI-powered adaptive battery energy management starting this fall, we learned at WWDC. Part of Apple Intelligence, the company will utilize AI to monitor how you use your device and adjust performance and energy consumption settings accordingly, aiming to extend the phone's battery life. Think of Adaptive Power as the first step toward extending your iPhone's battery life and Low Power mode as the last step of doing the same. Another piece of new hardware that'll likely impact battery efficiency is the rumored A19 processing chip. The iPhone 17 base and Air will likely get the A18 chip, which is the same chip that the iPhone 16 uses. However, according to Apple analyst Jeff Pu, the rumored iPhone 17 Pro and iPhone 17 Pro Max are set to include the A19 chip, which would likely come equipped with better optimization, which in turn could impact how long the battery will last on the rumored iPhone, and how efficiently it will run. How accurate are iPhone rumors? Until Apple officially releases its new phone, speculation on the iPhone 17 is simply educated guesswork. While most rumors come from insider knowledge or are leaked from the teams working on these products, until Apple says otherwise, they remain rumors.
Yahoo
18-05-2025
- Business
- Yahoo
iPhone supplier TDK readies batteries geared for thin AI gadgets
TDK's battery technology is helping the world's biggest smartphone makers slim down their gadgets without shortening battery run times. TDK Corp. is readying a new generation of batteries to power smartphones through AI tasks at a time that major client Apple Inc. is also preparing to launch a slimmer handset. The Tokyo-based component maker will begin shipping its third iteration of silicon-anode batteries by the end of June, chief executive officer Noboru Saito said. That's ahead of TDK's original schedule for shipments in the September quarter and may give smartphone makers enough time to use these cells in thinner models launching this year, he said. 'We've made good progress, and we're shipping them very soon,' he said in an interview. 'Some handset makers might be able to use the new battery in their product one generation early.' TDK's battery technology is helping the world's biggest smartphone makers slim down their gadgets without shortening battery run times. Its latest lithium-ion batteries use silicon for anodes instead of the graphite commonly used and can pack 15% more energy into the same space compared with conventional rechargeable battery packs. Samsung Electronics this week rolled out the 5.9-millimeter-thin Galaxy S25 Edge, which is 30% slimmer than the company's high-end S25 Ultra, while also promising a camera with new editing features and other AI capabilities. Apple is also set to debut a slimmer handset — the iPhone 17 Air — ushering in a new industrial design that may lead to thinner models from the Cupertino-based company in the future. Apple and Samsung are TDK's biggest customers, each contributing about 10% of the Japanese company's overall revenue, according to data compiled by Bloomberg. Saito declined to disclose the new battery's pricing or its customers, but said TDK's offering the component to all customers who recognise the technology's value. Silicon-anode battery technology can be applied to a range of cell sizes for use in a variety of products, from gadgets to electric vehicles. TDK's battery subsidiary Amperex Technology is the leading manufacturer of smaller silicon batteries used in smartphones and holds a 'very large share,' according to Saito. 'We plan to introduce fourth-generation silicon batteries some time in the next fiscal year to widen our lead even further,' he said. 'Mass-producing silicon batteries requires special knowhow. It's not like you can do it by just putting the materials together.' TDK expects global smartphone production to grow 1% to 12 billion units this year, although it's warned that US trade policies may ultimately erase that growth. Last month, the company presented its annual outlook as a range rather than a single number for the first time, citing uncertainty around US tariffs. Companies need to be ready to react to developments outside their control and be dynamic and flexible in response to customer requests, Saito said. For TDK, that means diversifying production locations. Amperex has mainly assembled batteries in China, but it's setting up a new factory in India that'll go online by September. Initial production capacity at the Indian facility is not large, but it's not difficult to produce silicon batteries on graphite battery production lines, Saito said while declining to disclose which batteries TDK plans to make there. More manufacturers are building manufacturing capabilities outside China, with Apple expanding capacity in India and Nintendo Co. doing so in Vietnam and Cambodia. Saito said that how TDK allocates production between China and India will hinge on customer requests. Life offers OpenAI's GPT-4.1 access free to mobile subscribers Qualcomm unveils new smartphone chip in shift to its own designs Tech news in less than 5 minutes – October 2024 Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World Get in-depth insights from our expert contributors, and dive into financial and economic trends Follow the market issue situation with our daily updates Or want more Lifestyle and Passion stories? Click here
Forbes
16-05-2025
- Forbes
iPhone 17 Air Might Beat The Galaxy S25 Edge With This Battery Upgrade
Leaked iPhone 17 Air hands-on image Majin Bu on X (formerly Twitter) Samsung and Apple are in a race to deliver the slimmest phone possible in 2025. While Samsung has already released its Galaxy S25 Edge, the long-rumored Apple iPhone 17 Air is tipped to launch in September. One has launched with foreseeable trade-offs like fewer cameras and a smaller battery capacity, the other is expected to struggle with battery life and have just one rear camera. However, a recent report hints that iPhone 17 Air's battery life might not be as bad as expected. According to a report from Bloomberg, Apple and Samsung battery supplier TDK is all set to begin shipping its third iteration of silicon-anode batteries by the end of June—earlier than its original schedule of September. Noboru Saito, Chief Executive Officer at TDK, said this will 'give smartphone makers enough time to use these cells in thinner models launching this year.' 'Some handset makers might be able to use the new battery in their product one generation early,' says Saito. The mention of 'one generation early' could indicate that Samsung is using silicon-carbon batteries for its next Galaxy Z lineup. However, adding the previous statement's 'thinner models launching this year' makes it pretty clear that he was hinting at the iPhone 17 Air. Apple was earlier rumored to embrace silicon-anode batteries on its second-generation iPhone Air, but now we can expect the first-generation product to struggle less with battery life. OnePlus 13 and iPhone 16 Pro Prakhar Khanna Smartphone makers have tried making thin phones in the past, but the tech wasn't enough to house big batteries in slim designs. As a result, they struggled with battery life. Fast forward to 2025, and we have silicon-carbon batteries, which feature a higher-density silicon anode (4,200mAh/g) instead of a graphite anode (372mAh/g). So, you get more battery capacity in a slimmer cell, allowing brands to squeeze in bigger batteries. This year, we've seen silicon-carbon batteries inside Chinese smartphones like the OnePlus 13, Oppo Find X8 Ultra, Xiaomi 15 Ultra, Honor Magic 7 Pro, and Vivo X200 Pro. Most of these phones last significantly longer than their American competitors. In fact, Honor's silicon-carbon battery tech is already on its third generation. If Apple packs a silicon-carbon battery inside the iPhone 17 Air, it could last longer than expected. Plus, iOS 19 is reported to feature AI optimization to 'analyze how a person uses their device and make adjustments to conserve energy.' In his earlier Bloomberg report, Mark Gurman added, 'using battery data it has collected from users' devices to understand trends and make predictions for when it should lower the power draw of certain applications or features.' The combination of silicon-carbon battery and iOS 19 optimization could be a recipe for success against Samsung's Galaxy S25 Edge. According to previous leaks, iPhone 17 Air could be Apple's thinnest iPhone to date. It could measure around 5.5mm, which is slightly thicker than Apple's slimmest product, the M4 iPad Pro (5.1mm). For comparison, the Galaxy S25 Edge measures 5.8mm in thickness. Meanwhile, the Tecno Spark Slim concept phone, showcased at MWC 2025 as the world's thinnest phone, was said to be 5.75mm thin. The iPhone 17 Air won't be a spec-heavy phone. Even if Apple manages to navigate the battery issues, it likely won't be able to house multiple rear cameras. The slim Apple iPhone is said to sport a single camera in a Nexus 6P-like camera module. It will retain the Action Button and Camera Control. The iPhone 17 Air could feature a 6.6-inch ProMotion-equipped OLED display with ultra-slim bezels. Apple reportedly considered making the iPhone 17 Air as large as iPhone 16 Pro Max with a 6.9-inch display but scrapped the idea due to durability concerns. Apple's upcoming slim phone is expected to be powered by the A18 or A19 series chipset, putting it on par with the base iPhone 17. It might have 8GB of RAM for Apple Intelligence and include Apple's new in-house C1 modem, which debuted with the iPhone 16e. It is said to debut alongside the iPhone 17 series in September. The iPhone 17 Air is rumored to cost more than the iPhone 17 but less than the iPhone 17 Pro. As per Bloomberg, it might be priced around $900.
