Nano One Sells and Leases Back Candiac Facility to Strengthen Cash Position and Expand Operations

Our Chief Operating Officer, Alex Holmes, joined Steve Darling from Proactive to announce the company’s definitive agreements for the sale and leaseback of its Candiac building and surrounding property in Québec to Candiac Industrial Properties.

The transaction, valued at $15.7 million, significantly strengthens Nano One’s cash reserves while ensuring long-term operational stability in Québec through a 15-year lease agreement, with renewal options extending up to an additional 15 years.

Holmes emphasized that this move strategically positions the company to advance its commercialization and technology licensing initiatives with key partners. The capital infusion will support the scale-up of operations in Candiac, accelerating the company’s path to revenue generation from future lithium iron phosphate (LFP) production and licensing.

Nano One is now fast-tracking the expansion of its Candiac facility, targeting a production capacity of at least 1,000 tonnes per annum (tpa) of LFP cathode material, further solidifying its role in the growing battery materials sector.