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NEO Battery Materials Reports Robust Economics and High-Profitability with Internal Feasibility Study of South Korean Silicon Anode Commercial Plant10.07.2023 | 14:30 Uhr | GlobeNewswire
TORONTO, July 10, 2023 - (TSXV: NBM) (OTCQB: NBMFF) NEO Battery Materials Ltd. ("NEO" or the "Company"), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce that the Company has recently conducted an internal feasibility study (the "Study") of its Silicon Anode Commercial Plant in South Korea. The preliminary assessment has yielded robust economics and high profitability for NEO's cost-transformative silicon anode materials ("NBMSiDE™"), demonstrating the substantial potential for scalability, international plant expansion, and mass adoption in electric vehicle ("EV") batteries. NEO will appoint a 3rd party engineering firm to validate the projections and figures through an industry-approved feasibility study. Initial Production Capacity Evaluation of South Korean Commercial Plant By the first half of 2024, NEO targets to complete the plant construction with an initial commercial capacity of 240 tonnes per annum ("TPA"). Financial projections integrated an equal proportional production of the two main product lines of NBMSiDE™, P-100 and P-200. Each silicon anode material will be supplied to global battery manufacturers and EV automakers at an initial average price of US$ 50,000 per tonne (US$ 50 per kg), resulting in maximum annual revenues of US$ 12.0 million at 240 TPA and US$ 50.0 million at 1,000 TPA. Table 1: Maximum Annual Revenue Projection with Phase Expansions
Economic Assessment of Final Phase IV Commercial Plant Capacity Table 2: Final Phase IV Capacity Economic Evaluation
CAPEX and average annual OPEX figures are to be optimized through each phase expansion, occurring through adjustments with contractors and economies of scale with increased silicon anode production. The initial CAPEX outlays for the 240 TPA equipment will not directly reflect the CAPEX for subsequent phase expansions. Instead, with cost efficiency, the capacity-to-CAPEX is expected to grow at an exponential rate as CAPEX is substantially minimized with each capacity addition. As discussed, NEO will target to partner with downstream battery manufacturers and EV automakers for strategic investments in each expansion phase. Strategic partnerships will expedite commercialization efforts, minimize dilution impact, and enable improved economics and efficiency by transferring and learning of production and management know-how. Continuing Course for 3rd Party Feasibility Study & Cautionary Statements There can be no assurance that the economic projections upon which this Study is founded will be realized. Not limited to the viability of mass production scale-up, product optimization, financial considerations, and macroeconomic and environmental factors, several risks and uncertainties are inherently associated with any nascent technology commercialization. The Study is intended to be comprehended as a cohesive whole, and individual sections should not be interpreted or relied upon in isolation or without the accompanying context. Readers are duly advised to consider all assumptions, limitations, and exclusions that pertain to the information provided in the Study. About NEO Battery Materials Ltd. On behalf of the Board of Directors Not limited to phase expansion capacity projections, NPV, IRR, payback period, average annual revenue, average selling price, CAPEX, average annual OPEX, NBMSiDE™ cost projections, the Company's cost reduction strategy, the Company's expected value propositions, the Company's expectations of capturing a large proportion of market share, capacity-to-CAPEX ratio estimates, input price estimations, strategic partnership establishments, and international expansion strategies, this news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions within the meaning of Canadian and U.S. securities laws. 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, expectations of management, estimates, and assumptions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of technology development, fluctuating commodity and raw material 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 at www.sedar.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. Dieser Artikel stammt von Rohstoff-Welt.de
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