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NEO Battery Materials appoints James Suk and Dr Andrew Fraser as advisors as it bids to access non-dilutive government funding in Canada

NEO Battery Materials Ltd (CVE:NBM) (OTCMKTS:NBMFF) (FRA:1BC) told investors it has hired James Suk and Dr Andrew Fraser to act as advisors as the company bids to access non-dilutive funding from the Canadian federal and provincial governments.  The pair will assist the lithium-ion battery materials focused-firm with applications for non-dilutive and non-repayable grants under a variety of programs, including Sustainable Development Technology Canada (SDTC) Research Grant, Clean Growth Program Grant, and provincial government grants.  READ: NEO Battery Materials says 5-minute ultra-fast charging achieved by its silicon anode technology  Spencer Huh, CEO of the company, said he believed that accessing such funding would “speed up our scaling up and pilot plant process while protecting our shareholders’ value going forward”. Suk has a multitude of experience over the past 25 years in early-stage seed, angel funds, and planning SR&ED and non-dilutive government grants for start-ups and small-medium-sized companies. Dr Fraser is an expert in chemistry with over ten years’ experience in research and development (R&D) and writing technical documents. NEO Battery said it also plans, concurrently, to seek grants and funding from the South Korean government with Dr Jong Hyeok Park, the company’s chief scientific advisor and director. Park and his lab have received substantial funding in the last ten years from the Korean government and large battery technology companies, including Samsung and LG. In addition, the company noted that Dr Jinhyuk Lee, NEO Battery’s scientific advisor has received meaningful grants spanning multiple years from the Natural Sciences and Engineering Research Council of Canada (NSERC) such as the Discovery Accelerator Supplement and the Discovery Grant. “I am glad to have two valuable advisors for NEO and will work closely with Dr. Park, Dr. Fraser, and Mr. Suk to achieve access to both Canadian and Korean government grants, Lee said. “NEO’s strategic approach will not only benefit the company and shareholders but also Canada and Korea, potentially strengthening battery technology development and supply chain of both countries.” Vancouver-based NEO Battery Materials aims to become a silicon anode materials supplier to the electric vehicle (EV) industry. The company has staked new mining claims in Golden, British Columbia, along a strike with a quartzite bed, targeting silica in the quartzites for a total of 467 hectares. Contact the author at giles@proactiveinvestors.com

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