TSXV: NBM | OTCQB: NBMFF | January 2024

Achieving the 1000-Mile EV Battery

with Silicon Anode Materials
Cautionary Statements Regarding Forward Looking Information
This presentation contains "forward-looking information" within the meaning of the applicable securities legislation. All information contained herein that is
not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use
of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed
or implied by such forward-looking information, including but not limited to: (i) volatile stock prices; (ii) the general global markets and economic
conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with the research and development of advanced technologies; (v)
the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; (vi) the risks
associated with entering into joint ventures; (vii) fluctuations in input precursor prices; (viii) the risks associated with uninsurable risks arising during the
course of research, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access
to adequate infrastructure to support battery materials research and development activities; (xi) the risks associated with changes in the technology
regulatory regime governing the Company; (xii) the risks associated with the various environmental regulations the Company is subject to; (xiii) risks
related to regulatory and permitting delays; (xiv) the reliance on key personnel; (xv) liquidity risks; (xvi) the risk of litigation; and (xvii) risk management.

Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not
limited to, continued exploration activities, no material adverse change in mineral prices, exploration and development plans to proceed in accordance with
plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set
out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in
the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance
that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's
business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on
forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update
such forward-looking information except in accordance with applicable securities laws.

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Executive Summary
is the Forerunner for Cost-Effective, Long-Lasting EV Battery Technology
NBMSiDE® - Silicon Anode Material
>20% Longer
EV Driving Range
>70% Cost-Cutting
Manufacturing
Ultra-Fast
Charging Capability
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Validation Pipeline & Tailwind Catalysts
Business Development & Network
Global Battery Manufacturers
>60 Electric Vehicle Automakers
Relationships Including
Global Battery Industry Players Chemical Material Companies

NBMSiDE® Validation
Targeted 12-Month Milestone
Joint Development Agreement
Optimized
Feedback Anode Collaboration Agreement
EV Battery Offtake Agreement
Supply Chain Players
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Leadership with Proven Track-Record
Mr. Spencer Sungbum Huh
Director, President & Chief Executive Officer
- 25+ years of financial & operational
experience in Canada and S. Korea
- GTM and strategy for mining, medical
device, and high-tech companies
- Previously with TD, BMO, and publicly-listed
companies
Mr. Sung Rock Hwang
Director, Chief Operating Officer
- 30+ years of experience working for
Samsung SDI as Exec. Director
& Chief of Purchasing
- Expertise in supply chain management,
procurement planning, and advanced
battery business development
Dr. Jae Ha Woo
Chief Science Officer
- Previously Scientific Researcher at General
Motors Global R&D Center through Optimal
Inc.
- Critical R&D role silicon anode research
regarding artificial SEI development & all-
solid-state battery research regarding sulfide-
based SSE
Dr. Dongmok Whang
Lead Scientific Advisor
- Expertise in fabrication and manufacturing of
low-dimensional nanomaterials and graphene for
lithium-ion battery and ESS applications
- Co-owns patents with Samsung Electronics;
Professor at Sungkyunkwan University with Post-
Doc at Harvard University
Dr. Hee-Dae Lim
Scientific Advisor
- Expertise in field of rechargeable battery electrode
materials and ceramic and carbon materials
- Over 80 SCI papers with more than 40 patents
- Received PhD from Seoul National University and
Assistant Professor of Chemical Engineering at
Hanyang University
Dr. Jinhyuk Lee
Scientific Advisor
- Expertise in field of rechargeable batteries,
sustainable battery materials & known as cobalt-
free disordered-rock salt cathode materials
- High-impact author in Science and Nature Journals
- Received PhD from MIT and Assistant Professor of
Materials Engineering at McGill University
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Q: What Stops Consumers
from Purchasing Electric
Vehicles?

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Problem with EVs

Short Driving Range

“Range Anxiety” Driving EVs

Slow Charging Time

Consumers Not Receptive to
Longer Fueling/Charging Times
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 Solution: Integrate Silicon with Graphite
Problem: Graphite Solution: Silicon
Separator
Ultra-Fast Charging
Cathode Li Anode
Nickel

10x
Cobalt Li
Manganese
Aluminum Li
Graphite More Capacity
Iron
Phosphate Li

$
Battery
Electrolyte Cost Reduction
Source: Visual Capitalist, Transport & Environment 8
Critical Problem of Silicon Anode
Volume Expansion Breakdown Problem

Poor Runtime, Slow Charging & Unusable

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 Silicon Anode Market
Short & Mid-Term Battery Capacity Increase Can Only Occur through Silicon Anodes
Global/U.S. Silicon Anode Market Size & Demand Forecast Market Size Growth Multiples per Value Chain Component

54% Global CAGR

71% U.S. CAGR

Silicon Anode Industry Problem

1. Volume 2. Expensive 3. High-Cost

Expansion Manufacturing Inputs
Source: SNE Research, Hana Securities 10
 Silicon Anode: Industry Problem
Lack of Scalability + Unattractive Selling Price
1. Expensive Manufacturing
2. High-Cost Inputs
Silicon and Graphite Price Comparison Projected Silicon Anode Selling Price
$100
Average Graphite Price: USD 10 / kg
$80
vs.

USD$ per kilogram

Average Silicon Price: USD 80 / kg
$60
$90
$40
$50 $45
$20
Only Added in High-End EV Models, or
Limited Amounts in Lower-End Vehicles $-
2020 2025 2030

Source: QY Research, SNE Research, Shinhan Securities Year 11

NBM Silicon Anode Technology

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NBMSiDE®: Cost-Effective Silicon Anode

Silicon
Silicon
Robust Polymer
Nanometer-Thick Coating

Nanocoating Layers to Suppress

Volume Expansion Problem to Enable
Commercial-Level Use

8 IP Rights 70% – 80% 5 Min

Issued & Pending Across More Initial Energy Safe Ultra-Fast
South Korea, United States Capacity Compared to Charging
& WIPO PCT Competitors Realized in Tests
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NBMSiDE®: Manufacturing Advantage
Raw Material ❖ Simple & Energy-Efficient Process NBMSiDE®
Silicon Input Silicon Anode
❖ No High Temperature or
Expensive Processing Methods

Coated
Silicon Mixing/Milling Nanocoating
Silicon

One-Step @ Room Temperature & Pressure

Competitors
First to Use & Enable Nano

8x Cheaper Input Feedstock

Silicon

vs. Micro
MG Silicon
SiOx, Si-C
Metallurgical-Grade Silicon Si Nanowire
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 Cost & Capacity Comparison
Estimated Competitor Price & Capacity
Silicon Carbon (Si-C) NBMSiDE® Price & Capacity

60 ~ 80 USD/kg
~1,450 mAh/g
Silicon
Silicon
Silicon Oxide (SiOx) Robust Polymer
Nanometer-Thick Coating
80 ~ 100 USD/kg
~1,330 mAh/g Polymer-Nanocoated MG Silicon

Silicon Nanowire >70% Cost Reduction

>100 USD/kg >2,200 mAh/g
>1,800 mAh/g
Source: Tesla Battery Day, Shinhan Securities, UNIST NBM’s Estimates 15
 Silicon Anode: Competitor Comparison
Cost Innovations Through Non-Vacuum, Wet Nanocoating System
NBMSiDE®
Silicon Polymer-Coated
Silicon/Carbon Silicon Oxide Silicon Polymer-Coated
Nano/Micro-Sized
Carbide Composite (SiOx) Nanoparticles Si Nanoparticles Metal Silicon

Performance
Levels

High

Mid

Low Silicon Silicon

Supporting Matrix Supporting Matrix Silicon Supporting Matrix Silicon Polymer Coating Silicon Polymer Coating
: < 1 nm : ~ 10 nm
: Silicon Carbide/Carbon : Carbon : ~ 5 nm : Silicon Oxide(SiOx) Silicon : ~ 50 nm : 30-50 nm : Nano Scale : 500 nm ~ : Nano Scale

Process Mechanical Pulverization & Mechanical Polishing

Chemical Vapor Deposition Thermal Plasma Deposition Laser Synthesis Emulsion Solution Process
Method Vacuum with Solution Process
Capacity Mid 1330 mAh/g Mid 1450 mAh/g Mid 1330 mAh/g High 3300 mAh/g High 2600 mAh/g High 2200 mAh/g

ICE High 91.8 % Mid 84.0 % Mid 84.2 % Low 77.0 % Mid 86.0 % Mid 85.0 %
Cycle Life /
Volume High Low Low Mid High High
Expansion

• Simple Wet Process (Grinding &

• Uniform Silicon Dispersion
Coating)
• Ease of Control in Silicon Particle • Difficult to Control Silicon Particle • Low Process Ease • Complex Wet Process
• Inexpensive Manufacturing
Size Size • Low Electrical Conductivity • Poor Dispersion of Silicon Particles • Inexpensive Manufacturing
Features • Uniform Silicon Dispersion • Non-Uniform Silicon Distribution • Expensive Manufacturing Process • Expensive Manufacturing Process Process
Process
(No High Temperature, Pressure, or
• Dry Process • Complex Wet Process • Relatively Large Particle Size (No High Temperature, Pressure, or
Vacuum)
Vacuum)
• Difficult for Uniform Coating

Cost
Effectiveness
Low Mid Low Low Low High

Source: Nature Energy, 2021, 6, 2, 1164 – 1175 16

NBMSiDE®: Performance Advantage I
Long Lasting NBMSiDE Silicon Anodes for EVs – Minimal Volume Expansion During Use

Silicon Anode Performance

Comparison Chart 70% – 80%
Initial
Higher Initial Energy Capacity
Product
Initial Capacity
( mAh/g )
Coulombic
Efficiency ( % )
Type
Manufacturing
Cost compared to Competitors
NBMSiDE P100 2,695 89.4 Metal Si
Initial Capacity ( mAh/g )
Low 3,000
NBMSiDE P200 2,130 86.0 Metal Si
2,500

2,000
Competitor A 1,408 80.0 SiOx High
1,500

1,000
Competitor B 1,506 88.1 Si-C Medium
500

Competitor C 1,108 89.4 Si-C Medium 0

NBMSiDE- NBMSiDE- Competitor A Competitor B Competitor C
P100 P200

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NBMSiDE®: Performance Advantage II
Robust Durability & Ultra-Fast Charging – Performance Reliability & Charging-Time Relief
Robust Structural Durability for Electronics Applications Ultra-Fast Charging through Nanocoating
Conventional Si Anode

Conventional
Silicon Anode

NBMSiDE®

Flexible
Nanocoating Solves Slow Charging Issue of
Layers

Batteries Today
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Commercialization Pathway

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Revamped Route-to-Commercialization
R&D Expansion + New Gyeonggi Technopark Facility
• Upsized Silicon Anode Sample
Manufacturing Capacities
• Increased Material Evaluation Pipeline with
Global Downstream Players
• Larger Battery Materials Engineering Team
• Added Depth in Performance Testing

Route-to-Commercialization Pre-A Sample

25+
Full Cell Testing with
Graphite-Silicon Mixture Anode
Active Material Evaluation
Testing with Global Advanced Agreements
Downstream Companies with Global EV Battery Companies
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Business Model
1. In-House Manufacturing + JV Expansion 2. Process Licensing Agreements
[Initial Planned Capacities]
1. South Korean
Commercial Plant
2. Ontario Commercial Plant
[Next Step]
U.S. + Europe Expansion with
JV Partners Licensing Agreement
Battery Manufacturers EV OEM

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NBM Silicon Anode Global Expansion Plan
Aims to Become Among the Top 10 Suppliers of Silicon Anode Materials

CA. NEO Battery Materials KR. NBM Korea Co.

Construct 240 Ton Plant in Ontario
5,000 Ton Final Capacity
or Quebec with
South Korean Commercial Plant
5,000 Ton Final Capacity
with Initial 240 Ton Capacity

US. NBM America LLC
Initial Ohio Commercial Plant
& Subsequently in Kentucky,
Tennessee, and Georgia
EU. Europe
Considering Multiple Locations
for Commercial Plant Expansion
with JV Partners

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 Projected Commercial Plant Economics
Phases Phase I Phase II Phase III Phase IV

Maximum
Production 240 TPA 1,000 TPA 2,500 TPA 5,000 TPA
Capacity (in tonnes per annum)

80K – 160K 1.7M – 3.3M

# of EVs Supplied at Phase I # of EVs Supplied at Phase IV

86,032 ZEVs ~150 GWh

Sold in Canada in 2021 Of Batteries Supplied at Phase IV
Source: Canada Energy Regulator 23
Share Performance & Structure
1-Year Historical Price Performance 08/16/2023
Exceptional
Performance with
$0.50 Improved
Technology
Breakthrough
$0.45
12/29/2022
Signs MOU with High-Purity Silicon
02/28/2023
Letter of Intent with
Financial Overview
$0.40 Waste Recycler from Solar & Top U.S. University
(as of December 20, 2023)
Semiconductor Industries Spin-Out Polymer
Electrolyte Company Current Share Price $ 0.37
$0.35 52-Week Low $ 0.12
10/12/2022 52-Week High $ 0.50
$0.30
Share Price (in CAD)

Completed Basic Shares

NBM Korea 113,107,506
Co., Ltd.
Outstanding
$0.25 02/13/2023
Series A Collaboration 07/05/2023 Warrants 18,207,753
Financing Agreement with Binding
$0.20 CNT Developer Agreement
Options 3,510,000
with Preferred Fully Diluted Shares
Contractor for 134,825,259
05/11/2023
Outstanding
$0.15 04/18/2023 Commercial
01/25/2023 Achieves Significant Conducts Plant Market Capitalization
Technology Additional $ 41.85mm
Established NBM 09/05/2023 (Basic)
$0.10 Milestone with Evaluations with
America for U.S. First Purchase
Enhanced Uniform Global Battery Market Capitalization
Business Expansion Order for $ 49.89mm
for Silicon Anodes Coating Capability Manufacturers &
Silicon (FDSO)
$0.05 EV Automakers
Anodes

$-

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For More Information:
Website: www.neobatterymaterials.com
Address: 10th Floor, 4711 Yonge Street,
Toronto, ON, Canada M2N 6K8
Email: info@neobatterymaterials.com

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