NEO Battery Materials Announces Change of Auditor to MNP LLP
TORONTO, March 20, 2024 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. (โNEOโ or the โCompanyโ) (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce that it has changed its auditors from DeVisser Gray LLP (โFormer Auditorโ) to MNP LLP (โSuccessor Auditorโ), effective March 19, 2024.
NEO Batteryโs board of directors accepted the resignation of DeVisser Gray LLP and appointed MNP LLP as the new auditor of the Company, effective March 19, 2024, until the Companyโs next annual general meeting of shareholders.
There were no reservations in the Former Auditorโs audit reports for any financial period during which the Former Auditor was the Companyโs auditor. There are no โreportable eventsโ (as the term is defined in National Instrument 51-102 โ Continuous Disclosure Obligations) between the Company and the Former Auditor.
In accordance with National Instrument 51-102, the Notice of Change of Auditor with the required letters from the Former Auditor and the Successor Auditor have been reviewed by the Companyโs audit committee and board of directors and is filed on SEDAR+ at www.sedarplus.ca.
About NEO Battery Materials Ltd.
NEO Batteryย Materialsย isย aย 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 Companyโs website at: https://www.neobatterymaterials.com/.
On Behalf of the Board of Directors
Spencer Sung Bum Huh
Director, President, and CEO
For Investor Relations, PR & More Information:
Danny Huh
SVP, Strategy & Operations
info@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 atโฏwww.sedarplus.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.