NEO Battery Materials Ltd. Announces Intention to Meet TSX Venture Exchange Listing Requirements
TSXV: NBM) ("
NEO" or the "
Company") announces that, in follow up to the Company's press release dated January 27, 2021 and in accordance with section 3.2(b) of the TSX Venture Exchange (the "Exchange") Policy 2.5, the Company provided a submission to the Exchange prior to April 30, 2021 evidencing how it intends to meet Tier 2 continued listing requirements as a mining Company.
In connection with the submission to the Exchange, the Company is providing the following summary and updates to its mining operations:
Pursuant to the Company's press releases dated January 26, 2021 and February 11, 2021, the Company has staked new mining claims in Golden, BC, along strike with a quartzite bed, targeting silica in the quartzites over a total of 467 hectares. The Company has also engaged an exploration manager to oversee the exploration program (the "Initial Program") of the mining claims. The program is anticipated to begin late May or early June this year, depending upon weather conditions, and to last 6-8 months for a total cost of approximately $80,000.