Insights | Nano One Materials Corp.

TSX: NANO
FF: LBMB
OTC: NNOMF

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Why LFP? Why Now?
The drive for energy storage solutions for transportation and renewable energy grid storage signals a major shift away from fossil fuels towards an environmentally sustainable future.....Recent price volatility and supply chain risk has caused battery manufacturers to give greater consideration to iron-based cathode materials because the raw material supply is less constrained, less costly and the resulting cathode is very safe and durable.
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What Canada's 2022 Budget Means for the Battery Sector
In April, the Government of Canada released Budget 2022 which substantially builds on commitments to clean tech and the development of a comprehensive plan to localize the battery supply chain and attract investment. In advance of Budget 2022, through meetings and written submissions, Nano One provided suggestions on how Canada can encourage innovation that will drive investment, create jobs, reduce emissions and give North America energy security as we create a responsible battery supply chain.
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Two Significant Pieces of News in One Week
Last week, the Government of Canada tabled the 2023 Budget. As expected, it responds to large government programs in the United States, namely the Inflation Reduction Act (IRA) and The Infrastructure Investment and Jobs Act (IIJA). The Canadian Budget builds on programs announced in the 2022 Budget and doesn’t attempt to match dollar-for-dollar with the US Government. At almost 1/10 of the population, Canada cannot compete at that level.
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