Next-Gen Energy Technology is an Australian company with globally patented, commercially proven technology for producing Li-NCA battery materials. This technology has already been proven in China with 200,000 tonnes per annum manufactured for Panasonic Battery components installed in Tesla vehicles in the U.S. market. Next-Gen are now moving to establish sovereign manufacturing in South Australia with a secured U.S. offtake.

The secured bridging bond offers a 23% annualised discounted yield with first-ranking security and conversion rights into the upcoming A$5M equity raise, supported by a key patent independently valued at ~US$200M.

Next-Gen is seeking to raise approximately A $700,000 (inclusive of fees) of bridging finance to equity by way of a first ranking secured Corporate Bond, paying annualised discounted yield of 23%, with conversion rights convertible into shares at 12 months maturity. The conversion price option is to be the same price as the budgeted mid 2026 A$5m equity raise to fund its ongoing development activities.

Key Terms of Bond

• Redemption at Maturity, Face Value: $800,000 at 6months, (can be extended to 12 months Face Value increases to $904,000) effective interest rate per 6 months ~13% (26% annualised)
• Subscription (cost of Bond) amount $708,000 incl Fees. Net to Company $632,000.
• Can be converted at election of Investor, being Face Value into shares at next substantial equity raise price.
• Bond Investor(s) to be given an opportunity to invest in next equity raise.

NEXT-GEN Energy Technology (Group Holding) Pty Ltd is an Australian-owned battery materials company establishing its foundation manufacturing operations in Australia. The Company holds global patents covering a proprietary production process for Li-NCA (lithium nickel cobalt aluminium) cathode material and has invested over A$4 million to acquire and develop the underlying intellectual property.

Next-Gen plans to establish a manufacturing facility in South Australia located within a well-serviced technology precinct at the former GM Holden automotive manufacturing site. Government support and grant assistance have already been secured for the development of the project.

The Company has entered into a secured offtake agreement with U.S. partner M2i Global for an initial 10,000 tonnes per annum of Li-NCA material, with potential to increase volumes as production expands. Woods Capital has been engaged to lead a A$50 million Stage 1 development raise, with an A$5 million equity raise planned for mid-2026 as the next step toward the Company’s objective of a future Nasdaq listing.

The Company’s key patent has been independently valued at approximately US$200 million, with indicative project NPV estimated in the range of A$200–300 million and forecast operating cashflows expected to exceed A$70 million per annum within three years of production.

Next-Gen’s core product is Li-NCA (lithium nickel cobalt aluminium oxide), a high-performance battery cathode material used in advanced lithium-ion batteries. Compared to conventional lithium-ion chemistries, Li-NCA offers higher energy density, longer cycle life and improved thermal stability, making it particularly suited to premium electric vehicles, aerospace applications and defence battery systems.

The Company’s competitive advantage lies in its patented production process, which eliminates the toxic ammonia waste streams typically associated with conventional NCA synthesis. This environmentally superior method significantly reduces chemical waste while maintaining high material purity and performance characteristics required for advanced battery manufacturing.

As global demand for high-performance battery materials continues to accelerate, particularly in electric mobility and defence applications, Li-NCA remains one of the most energy-dense commercially deployed cathode materials available, positioning it as a critical component within next-generation battery supply chains.