- Nano One Materials Corp. (NANO) has received $10 million in non-repayable contributions from Sustainable Development Technology Canada (SDTC)
- The funds will support the conversion of Nano One’s recently acquired Candiac facility to the patented One-Pot Process
- The SDTC project also includes financial support for the design, construction, and operation of a multi-cathode piloting hub
- Nano One Materials (Nano One) is a clean technology company
- Nano One Materials Corp. (NANO) opened trading at C$2.83
Nano One Materials Corp. (NANO) has received $10 million in non-repayable contributions from Sustainable Development Technology Canada (SDTC).
These funds will support the conversion of Nano One’s recently acquired Candiac facility to the patented One-Pot Process for industrial-scale pilot production of lithium iron phosphate (LFP).
The SDTC project also includes financial support for the design, construction, and operation of a multi-cathode piloting hub (MCPH). Nano One will lead the project with in partnership with Rio Tinto, Lithion Battery Inc., and an undisclosed automotive OEM.
Nano One CEO Mr. Dan Blondal commented on the news.
“These funds will help us fast-track the conversion of North America’s only LFP plant to Nano One’s patented One Pot Process. This will showcase world-class cathode materials made right here in Canada, and differentiated on a global scale by driving down costs, energy intensity and environmental footprint. It will enable joint development, industrial scale piloting and customer validation of LFP, NMC and LNM CAM, and it will help accelerate licensing and offtake while shortening the journey to revenue, full-scale commercial demonstration and wide-scale expansion. This aligns well with Nano One’s mission to maximize shareholder value, create prosperity in Canada, and secure supply chains for the North American lithium-ion battery ecosystems. It does so by leveraging our recent acquisition in Candiac and by setting the stage for high-quality resilient business opportunities that will promote steady growth into the future.”
This multi-year project is named Pre-Commercial Trial and Multi Cathode Piloting Hub.
Nano One Materials (Nano One) is a clean technology company with a patented, scalable and low-carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials.
Nano One Materials Corp. (NANO) opened trading at C$2.83.
