NEO Battery Materials Ltd. — Proxy Solicitation & Information Statement 2025

Apr 23, 2025

NEO BATTERY MATERIALS LTD.

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that an annual general and special meeting (the “Meeting”) of the shareholders (the “Shareholders”) of NEO Battery Materials Ltd. (the “Company”) will be held at the offices of CP LLP, located at 77 King Street West, Suite 700, Toronto, Ontario, M5K 1G8 on June 4, 2025 at 11:00 am ET for the following purposes:

1. To receive and consider the financial statements of the Company for the years ended February 29, 2024, and February 28, 2023, and the auditor’s report thereon;
2. To appoint MNP LLP, Chartered Professional Accountants, as the Company’s auditor and to authorize the directors of the Company to fix their remuneration;
3. To set the number of directors to be elected at the Meeting at five (5);
4. To elect the directors of the Company to serve from the close of the Meeting until the close of the next annual general meeting of shareholders of the Company;
5. To approve the Company’s new omnibus equity incentive plan as further described in the Circular (as defined below); and
6. To transact such other business which may properly come before the Meeting.

Information relating to the matters to be brought before the Meeting is set forth in the management information circular (the “Circular”) accompanying this notice of Meeting.

The Circular provides additional information relating to the matters to be dealt with at the Meeting and is deemed to form part of this Notice. Also accompanying the Notice and the Circular is a form of proxy for use at the Meeting. Any adjourned meeting resulting from an adjournment of the Meeting will be held at a time and place to be specified at the Meeting. Only Shareholders of record at the close of business on April 15, 2025 (the “Record Date”) will be entitled to receive notice of and vote at the Meeting.

Registered Shareholders unable to attend the Meeting are requested to date, sign, and return the enclosed form of proxy and deliver it in accordance with the instructions set out in the proxy and in the Circular. If you are a non-registered Shareholder and receive these materials through your broker or through another intermediary, please complete and return these materials in accordance with the instructions provided to you by your broker or the other intermediary. Failure to do so may result in your shares of the Company not being voted at the Meeting.

The form of proxy confers discretionary authority with respect to: (i) amendments or variations to the matters of business to be considered at the Meeting; and (ii) other matters that may properly come before

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the Meeting. As of the date hereof, management of the Company knows of no amendments, variations, or other matters to come before the Meeting other than the matters set forth in this notice of annual general and special meeting. Shareholders who are planning on returning the accompanying form of proxy are encouraged to review the Circular carefully before submitting the form of proxy.

Dated at Toronto, Ontario, this 22nd day of April, 2025

BY ORDER OF THE BOARD OF DIRECTORS

(Signed) “Spencer Huh”

Name: Spencer Huh
Title: Director, President & Chief Executive Officer

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