We would like thank you for your continued support and interest in Nano One. 2016 was a tremendous year and it’s worth taking a few minutes to look back.
On the financial front, we brought in $4.2M in non-dilutive support and credibility from various Canadian government programs (SDTC, IRAP and most recently ASIP). We also raised $3.7M in private placements and warrant exercises and we saw our market capital triple over the year.
We presented at conferences, won a few pitch contests and visited with industry stakeholders in China and Japan. We were covered by news outlets in Europe, US and Canada with a couple of great local pieces in the Financial Post and BNN.
On the business development front, we brought on lithium expert Joe Lowry as a strategic advisor and we are actively building relationships in his lithium network.
On the technical front, we kicked off our piloting program in partnership with NORAM and BCRI. The pilot construction is on schedule, will be up and running next month, and we are pleased to say that we are even a little under budget.
The pilot will simulate full scale production of cathode materials and is already attracting attention from global commercial interests in the lithium supply chain.
We are growing a fantastic team with solid funding, competent engineering partners and in November, we moved into a newly renovated lab, pilot and office facility.
Earlier in the year, we launched a program to develop high voltage cobalt free battery materials with support from Canada’s IRAP and SFU. This has drawn interest from global battery companies interested in next generation batteries.
2017 will be an exciting year as project milestones are achieved, plans get executed and commercial interests draw closer. There will be plenty of opportunities to meet and speak with us this year and in fact, we are starting the year in Toronto at the 2017 Cantech Investment Conference, so please come visit us at booth 113 on January 18th.
Thanks again for your continued support and all the very best to you in 2017.
Sincerely, Dan Blondal
CEO Nano One Materials