11:17 AM EST, 02/06/2025 (MT Newswires) -- Neo Battery Materials ( NBMFF ) on Thursday said it is scaling up production to 20 tons per year to accommodate increasing demand for the company's high-performance silicon anode products.

Last month, Neo reported its P-300 silicon anode demonstrated breakthrough battery capacity and cycling performance. The P-300 series has mainly driven demand among downstream partners, as the product is ideal for silicon-graphite anodes, Neo said. Additional facilities in the Gyeonggi Technopark in South Korea have been secured as part of the scale-up.

At the same time, Neo will conduct mass-producibility testing to optimize the manufacturing process from pilot-scale to factory-level production.

Neo Battery has also received a notice of allowance from the Korean Intellectual Property Office for a patent named composite nanoparticle.

The company's shares were last seen down $0.04 to $0.86 on the TSX Venture Exchange.

Price: 0.85, Change: -0.05, Percent Change: -5.56