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Saudi Gazette
01-05-2025
- Business
- Saudi Gazette
Saudi ministers of foreign and industry meet Peruvian counterparts
Saudi Gazette report RIYADH — Saudi Minister of Foreign Affairs Prince Faisal bin Farhan and Minister of Industry and Mineral Resources Bandar Alkhorayef held talks with Peruvian Minister of Foreign Affairs Elmer Schialer and Minister of Energy and Mines Jorge Montero Cornejo in Riyadh on Thursday. During the meeting, Prince Faisal discussed with the Peruvian ministers relations between the two friendly countries. The two sides reviewed aspects of cooperation in various fields in addition to international issues of mutual interest. On his part, Alkhorayef's meeting with the Peruvian ministers focused on enhancing bilateral relations between Saudi Arabia and Peru, particularly in the industrial and mining sectors. Discussions also addressed opportunities in mining exploration and strategic minerals. The meeting highlighted the Kingdom's comprehensive mining strategy and the investment opportunities available at each stage of the mining value chain. It further emphasized the importance of strengthening international cooperation in the mining and minerals sector to support industry advancement and ensure sustainability. The two sides also reviewed the objectives of the National Strategy for Industry, with a focus on promising opportunities in its sub-sectors, notably the food industry. The Kingdom's enablers and incentives to support investors were also discussed. Alkhorayef extended an invitation to the two Peruvian ministers to attend the Future Minerals Forum, scheduled to be held in Riyadh in January 2026. The forum serves as a leading global platform bringing together industry leaders to explore the challenges and future prospects of the mining and metals sector.
Asharq Al-Awsat
01-05-2025
- Business
- Asharq Al-Awsat
Saudi Arabia, Peru Discuss Cooperation in Mining Sector
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef met on Thursday with Peru's Minister of Energy and Mines Jorge Cornejo and Minister of Foreign Affairs Elmer Schialer. The meeting focused on boosting bilateral relations between Saudi Arabia and Peru, particularly in the industrial and mining sectors. Discussions also addressed opportunities in mining exploration and strategic minerals. The meeting highlighted the Kingdom's comprehensive mining strategy and the investment opportunities available at each stage of the mining value chain. It further emphasized the importance of strengthening international cooperation in the mining and minerals sector to support industry advancement and ensure sustainability. The two sides also reviewed the objectives of the National Strategy for Industry, with a focus on promising opportunities in its sub-sectors, notably the food industry. The Kingdom's enablers and incentives to support investors were also discussed. Alkhorayef extended an invitation to the two Peruvian ministers to attend the Future Minerals Forum, scheduled to be held in Riyadh next January. The forum serves as a leading global platform bringing together industry leaders to explore the challenges and future prospects of the mining and metals sector.
Yahoo
25-04-2025
- Business
- Yahoo
NEO Battery Materials Appoints Kenneth Hoffman, Distinguished Battery Industry Leader and Former McKinsey's Global Head of Battery Materials, as New Director
TORONTO, April 25, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, as part of the Battery Board Transition Initiative, is highly pleased to announce the appointment of Mr. Kenneth Hoffman, CFA, CIM, to its Board of Directors, effective immediately. Mr. Hoffman is an internationally distinguished expert in battery materials with over 30 years of experience in investment management, energy, and metals and mining. Previously, Mr. Hoffman was the Global Head of Battery Materials at McKinsey & Company, where he advised on strategic planning, supply chain integration, and capital raising for clients across the global battery value chain. He has conducted more than 100 due diligences involving battery technologies and critical mineral assets and developed AI-enabled evaluation frameworks for leading industry stakeholders. Prior to McKinsey, Mr. Hoffman served as the Global Head of Bloomberg Metals & Mining Research at Bloomberg and has held senior investment positions as a Portfolio Manager and Global Director of Research for prominent, large-AUM funds, including Millennium Partners and MarCap Investors. As a member of NEO's Board of Directors, Mr. Hoffman will provide strategic support for industry partnerships, battery market expansion, and corporate development, reinforcing the Company's position as a leading battery materials innovator. Moreover, his extensive global network and expert understanding of the global battery and investment landscape will be instrumental in advancing NEO's commercialization of its silicon anode technology. In addition to his corporate roles, Mr. Hoffman is frequently invited as a keynote speaker at international forums and conferences, including PDAC, Saudi Arabia's Future Minerals Forum, Fastmarkets events, and London Metal Exchange conferences. He also serves as a Director of North America's largest battery industry event, The Battery Show, and is a special advisor to Pure Lithium, a Boston-based lithium metal battery technology company. Mr. Kenneth Hoffman commented, 'The world is looking for faster charging, less expensive, and higher density batteries. Being able to produce lower cost silicon anodes that enable faster charging and longer cycle life will be a key improvement in battery technology. I look forward to working with NEO as they look to solve these problems facing current silicon anodes.' Mr. Spencer Huh, President and Chief Executive Officer of NEO, stated, 'We are greatly excited to invite Ken onto NEO's Board. Ken brings exceptional industry insight and strategic capabilities to the Company. His expertise in battery technology, supply chain development, and investment strategy will prove invaluable as we accelerate the commercialization of our silicon anode technology.' As a part of director compensation, the Company has granted incentive stock options (the 'Options') to Mr. Hoffman to acquire an aggregate of 300,000 common shares in accordance with the Company's 10% rolling stock option plan. Subject to the terms of the stock option agreement, all Options were granted at an exercise price of $0.60 with an expiry date of April 25, 2025, in which 150,000 Options will vest immediately and the remainder in four (4) months from the date of grant. 2025 Annual General and Special Meeting of Shareholders The annual general and special meeting (the 'Meeting) of shareholders of the Company will be held on June 4, 2025 at 11:00 ET. Proxy materials, including the management information circular and the form of proxy, can be found on the Company's website at or on SEDAR+ at All proxies must be received by June 2, 2025 at 11:00 ET. Only shareholders of record at the close of business on the record date of April 15, 2025, will be entitled to receive notice of and vote at the Meeting. NEO Battery Materials is a 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 Company's website at: On Behalf of the Board of DirectorsSpencer HuhDirector, President, and CEO For Investor Relations, PR & More Information:info@ +1 (437) 451-7678 This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. 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: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of advanced and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel and financing; access to adequate infrastructure and resources to support battery materials research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company's strategies and business plans; the risks associated with the lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes within battery manufacturers and OEMs systems; the risks associated with the various environmental and political regulations the Company is subject to; risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company's recent Financial Statements and MD&A and in recent securities filings for the Company which are available on 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 R&D and commercialization activities, no material adverse change in precursor prices, development and commercialization 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, research and development, and commercialization 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. 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.
Arab News
14-04-2025
- Business
- Arab News
Saudi Arabia, US to deepen mining ties after high-level talks with Energy Secretary Chris Wright
JEDDAH: Saudi Arabia and the US are poised to strengthen mining ties following high-level talks in Riyadh, where both sides discussed boosting investment, economic cooperation, and critical mineral supply chains. Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef met with US Secretary of Energy Chris Wright on April 13, as part of the White House official's ongoing visit to the Kingdom, according to the Saudi Press Agency. The meeting, which was also attended by Deputy Minister of Industry and Mineral Resources for Mining Affairs Khalid bin Saleh Al-Mudaifer, focused on strengthening the strategic partnership between Saudi Arabia and the US in the mining and minerals sector. In a post on his X account, Alkhorayef said: 'I met with US Secretary of Energy Chris Wright at the Ministry's headquarters in Riyadh, where we focused on enhancing strategic cooperation in the mining sector. We also discussed future partnership prospects and reviewed the long-standing industrial relations between our two countries.' Discussions explored ways to expand bilateral cooperation in mining, with an emphasis on the sector's critical role in the global energy transition, advanced technologies, and clean energy-driven economies. The talks also highlighted the importance of minerals in electric vehicle production and their components, identified key investment opportunities, and examined mechanisms to unlock their potential. Both sides reaffirmed their commitment to strengthening economic collaboration and deepening long-standing ties. Mineral Resources Minister, US Energy Secretary Discuss Strengthening Strategic — SPAENG (@Spa_Eng) April 14, 2025 Alkhorayef extended an invitation to Wright to attend the 2026 Future Minerals Forum, scheduled to be held in Riyadh. The Kingdom aims to position mining as a foundational pillar of its industrial economy, with its mineral wealth estimated at SR9.4 trillion ($2.4 trillion), according to official figures. Attracting international investment in the mining sector is central to Saudi Arabia's ambition to reach $100 billion in annual foreign direct investment by the end of the decade. In March, the Kingdom announced a new incentive package to boost FDI in the mining industry, underscoring its broader strategy to diversify the economy and tap into its untapped mineral reserves. The initiative reflects close coordination between the ministries of investment and industry through an exploration enablement program aimed at streamlining market entry for exploration firms. The program also seeks to enhance geological surveying and foster a competitive investment environment for both local and international mining companies.
Asharq Al-Awsat
14-04-2025
- Business
- Asharq Al-Awsat
Saudi Mineral Resources Minister, US Energy Secretary Discuss Strengthening Strategic Cooperation
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held official talks on Sunday with US Secretary of Energy Chris Wright as part of his current visit to the Kingdom. The talks at the ministry headquarters in Riyadh focused on strengthening the strategic relationship between Saudi Arabia and the US in the mining and minerals sector. They explored ways to expand cooperation in the mining sector and emphasized the importance of minerals in the energy transition, advanced technology industries, and modern economies linked to clean energy, as well as their significance in the electric vehicle industry and its components. The two sides discussed ways to boost economic cooperation and high-value investment opportunities in both countries and the enablers available to leverage these opportunities in support of deepening their longstanding partnership. Alkhorayef invited the US energy secretary to attend the Future Minerals Forum, which will be held in Riyadh next year. Wright later visited the King Fahd University of Petroleum and Minerals (KFUPM) in Dhahran. He was welcomed by Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz, KFUPM President Muhammad Al-Saggaf, and senior university officials. Wright was briefed on the university's academic and research specializations, as well as its efforts to foster innovation and develop human capital in the fields of energy, engineering, and science. He met with faculty members and students and learned about the university's initiatives to advance educational and research programs in line with the highest international standards. He was introduced to KFUPM's international collaboration and academic exchange programs, particularly those with leading US institutions, which are designed to foster knowledge sharing, encourage joint learning, and provide students with global exposure that enhances both their academic growth and career prospects. This visit underscores KFUPM's role as a leading academic and research institution in the energy sector and strengthens research and academic cooperation between Saudi Arabia and the US.
