11:47 AM EDT, 08/21/2025 (MT Newswires) -- NEO Battery Materials ( NBMFF ) on Thursday rose 3.4% after it entered into a joint development agreement with NainTech, a South Korean manufacturer specializing in battery and fuel cell technology, and semiconductor and display precision equipment.

Both parties will co-develop sodium-ion battery technology for energy storage systems and high-performance lithium-ion batteries with MXene additives. The company will support NainTech in developing and manufacturing SIB electrodes and full battery cells, guiding prototype design through to commercial-level deployment.

NainTech's proprietary additives, Titanium-based MXene, will be incorporated into NEO's silicon-anode products and high-performance battery designs to improve electrical conductivity for drone applications.

"By expanding into electrode and cell design for SIB technology, while leveraging NainTech's nanomaterial innovation like MXene, we are advancing comprehensively for battery innovation," said NEO Battery Chief Executive Spencer Huh. "Sodium will offer a more affordable and scalable solution to the energy storage bottleneck, and MXene-enhanced batteries will allow drones and UAS to realize full performance requirements."

Shares of the company were last seen up $0.015 to $0.46 on the TSX Venture Exchange.

Price: 0.46, Change: +0.02, Percent Change: +3.37