Nano One is pleased to provide commentary from CEO Mr. Dan Blondal on the Company’s progress towards its long-term objectives.
The Company is pleased to announce that Mr. Carlo Valente will be joining Nano One as Chief Financial Officer (CFO) on January 15, 2024.
The Company is pleased to report that it has confirmed orders for approximately 1.3 tonnes of LFP samples from key collaborators for commercial evaluation purposes, of which approximately 30% has been shipped.
The Company is pleased to report that an independent life cycle assessment (LCA) of its proprietary One-Pot Process shows that greenhouse gas (GHG) emissions could be reduced by up to 60% for the production of nickel-rich NMC811 CAM and up to 50% for LFP CAM.
Nano One has filed its condensed interim consolidated financial statements (the “financial statements”), and management’s discussion & analysis (“MD&A”) as at and for the nine months ended September 30, 2023 (“Q3 2023”) and is pleased to provide the following highlights from Q3 2023.
Nano One could add 25,000 tonnes per annum (“tpa”) of lithium iron phosphate (LFP) production capacity to its Candiac property, potentially making it significantly more efficient in size, footprint, and capital cost than other commercial methods of making LFP.
SMM made an equity investment of C$16,879,949.85 and the Companies entered into a collaboration agreement (the “CA”) under which they will work together to accelerate the commercial production of lithium iron phosphate (“LFP”), CAM and nickel-rich CAM chemistries, such as lithium nickel manganese cobalt oxide (“NMC”).
Strategic equity investment in Nano One by SMM of C$16,879,949.85 and to enter into a collaboration agreement.
Nano One has leapfrogged to full commercial size reactors and its LFP can be shipped to select customers in Q4 for evaluation. Additionally, the 200 tonne per annum (tpa) reactors have been installed and optimization is underway for scale-up.
This completes the Company’s second SDTC project and its success led to a third SDTC funded project that was previously announced in February 2023 which is expected to provide an additional $10 million in non-dilutive funding.
Our patented process enables the low-cost production of high-performance cathode materials used in lithium-ion batteries.
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