Welcome to our dedicated page for Nano One Materia news (Ticker: NNOMF), a resource for investors and traders seeking the latest updates and insights on Nano One Materia stock.
Nano One Materials Corp. (NNOMF) is a leader in sustainable lithium-ion battery cathode production, leveraging its patented One-Pot process to reduce costs and environmental impact. This page provides investors and industry stakeholders with timely updates on the company’s advancements in clean energy technology.
Access the latest press releases, partnership announcements, and technical milestones. Stay informed about developments in Nano One’s production processes, strategic collaborations, and progress in scaling its low-carbon cathode materials for electric vehicles and energy storage systems.
Key updates include innovations in lithium iron phosphate (LFP) manufacturing, licensing agreements, and advancements in supply chain resilience. Content is curated to help users track the company’s role in transforming global battery production.
Bookmark this page for streamlined access to Nano One’s evolving contributions to sustainable energy solutions. Check back regularly for authoritative updates directly from the company and verified industry sources.
Nano One Materials Corp (TSX:NANO)(OTC PINK:NNOMF) has announced its upcoming Annual General Meeting of Shareholders (AGM) scheduled for Friday, May 23, 2025, at 9:00 am Pacific Time. The company, which specializes in lithium-ion battery cathode active materials technology, has confirmed that AGM materials were mailed to shareholders of record during the week of April 14, 2025.
Shareholders can access meeting materials on the company website and SEDAR+. Proxy voting closes at 9:00 am Pacific Time on May 21, 2025. The event will include a corporate presentation and Q&A session, accessible via Zoom (Webinar ID: 941 5736 9515).
Nano One Materials Corp (TSX:NANO)(OTC:NNOMF) has reported its Q4 2024 financial results, highlighting total net assets of $21.4 million and working capital of $5.5 million. The company secured significant funding in Q1 2025, receiving $26.5 million in non-dilutive funding through various sources.
Key developments include:
- A sale and lease back transaction generating $13.7 million in net proceeds plus a $2.0 million deferred payment
- An $18.0 million award from the Government of Québec, comprising a $15.0 million loan and a $3.0 million grant
- Progress in the Worley Chemetics alliance, confirming economic advantages of their One-Pot™ process for LFP
The company executed a 15-year lease agreement with renewal provisions for up to an additional 15 years, ensuring long-term operational stability in Québec. Additionally, Nano One has approximately $29 million in reimbursements remaining to claim over the next two years from contracted government programs.
Nano One Materials Corp has received C$12.75 million in non-dilutive cash contributions from various Government funding programs, primarily as reimbursement for recent eligible project expenditures. These funds are part of approximately C$45 million in previously announced government awards, with some contributions retroactive to January 1, 2023.
The funding supports the company's LFP commercialization initiatives, including engineering, capacity expansion, demonstration, and operations at its plant in Candiac, Québec. Combined with previously announced sale of vacant land and sale-leaseback arrangements, the total working capital addition amounts to C$31.25 million.
The company maintains approximately C$29 million in remaining reimbursements to claim over the next 2 years from contracted government programs. The funds will support Nano One's design-one-build-many licensing growth strategy and engineering feasibility studies.
Nano One Materials Corp (TSX:NANO)(OTC:NNOMF) announced key changes in its technology leadership team. Dr. Stephen Campbell will retire as Chief Technology Officer (CTO) in June 2024, transitioning to a part-time role managing the company's intellectual property portfolio, which includes 50 patents in key global jurisdictions.
Dr. Guoxian Liang has been appointed as Senior VP of Technology, effective March 3, 2025. With 19 years of battery industry experience, Dr. Liang will lead R&D, technology, process innovation, and commercialization readiness. His background includes pioneering work in LFP commercialization at Phostech Lithium, leadership roles at Johnson Matthey, and advanced battery development at Rivian.
The transition aims to maintain momentum in Nano One's One-Pot Process technology and sulfate-free chemistry development, particularly focusing on expansion in North America and Europe.
Nano One Materials Corp (TSX:NANO)(OTC:NNOMF) has successfully completed the sale and leaseback of its Candiac facility in Quebec, generating estimated net proceeds of C$15.7 million. The transaction, which closed on February 28, 2025, includes:
- A C$2 million vendor loan with 4% annual interest
- Transaction costs of C$1.3 million including lease security deposit
- Net proceeds of C$13.7 million at closing
- A separate C$3 million reserve for potential capital improvements
The deal features a 15-year lease agreement with options for an additional 15-year extension. The company retains first right of offer on future sale. This transaction strengthens Nano One's financial position, leverages over C$40 million in government funding, and supports the expansion of LFP cathode production capacity to over 1000tpa at the Candiac facility.
Nano One Materials Corp (TSX:NANO)(OTC:NNOMF) has signed definitive agreements for a sale-leaseback transaction of its Candiac building and property in Québec for estimated net proceeds of C$15.7 million. The deal includes a 15-year lease agreement with potential extensions up to an additional 15 years.
The transaction structure includes a C$2 million vendor loan as deferred payment, secured by an immovable hypothec, with estimated net proceeds of C$13.7 million at closing after transaction costs. A separate C$3 million reserve funded by the purchaser will be held in escrow for potential capital improvements.
This strategic move strengthens Nano One's balance sheet, leveraging over C$40 million in government funding secured in 2024. The company aims to accelerate commercialization and expand Candiac operations' capacity to over 1000tpa of LFP cathode production. The agreement includes a right of first offer for repurchase if the purchaser decides to sell in the future.
Nano One Materials (TSX:NANO)(OTC:NNOMF) reported significant progress in 2024 towards commercializing its patented One-Pot process for lithium-ion battery cathode materials. The company secured substantial funding, including $18M from Québec Government, US$12.9M from U.S. Department of Defense, and C$2.8M from NGen, plus $5M from land sale.
The company's partnership with Worley demonstrated that their One-Pot process delivers 30% savings in capital and operating costs, 80% reduction in energy and water use, and 50% fewer GHG emissions. Global LFP cathode materials demand grew significantly, with EV sales increasing 25% to 17.1M units and ESS installations rising 53% to 205GWh in 2024.
For 2025, Nano One plans to draw down $40M in government reimbursements, expand Candiac facility to 1000+ tpa LFP capacity, initiate LFP sales, and finalize 25 ktpa LFP CAM plant engineering design with Worley for licensing.
Nano One Materials has announced the addition of 7 new patents to its portfolio, bringing its 2024 total to 11 and historical total to 48, with over 56 pending applications worldwide. The new patents cover various innovations in battery cathode active materials production, including: a novel battery with high voltage spinel LNMO cathode, single-step cathode material formation with protective coating, M2CAM® technology using One-Pot sulfate-free process, novel kiln design for efficient calcination, and innovative coating methods for improved battery stability.
The company's patented One-Pot process and M2CAM technology eliminate traditional precursor steps, integrate lithium addition, and remove sodium sulphate wastewater, aiming to reduce complexity, costs, energy usage, and greenhouse gas emissions in battery material production.
Nano One Materials has secured C$18 million in financing from the Government of Québec for its Candiac facility, comprising a C$15 million loan from MEIE and a C$3 million grant from MELCCFP. The funding supports lithium iron phosphate (LFP) production and the One-Pot™ process commercialization.
The C$15 million loan supports C$63.4 million of eligible expenditures through December 2026, with C$30 million already incurred. This funding complements a recent US$12.9 million grant from the U.S. Department of Defense. The facility aims to increase production capacity and maintain over 40 skilled jobs.
The One-Pot process eliminates iron and phosphate precursor steps, reducing complexity, costs, and environmental impact, with potential GHG emissions reduction of up to 50% compared to traditional methods.
Nano One Materials and Worley Chemetics provided an update on their Strategic Alliance, highlighting significant progress in their One-Pot™ process for lithium iron phosphate (LFP) production. A cost comparison study revealed that the One-Pot process could enable at least 30% lower costs in total invested capital and up to 30% lower operational costs, while using up to 80% less energy than traditional methods.
The analysis compared two 25,000-tonne annual capacity North American CAM production facilities, demonstrating One-Pot's advantages in eliminating sodium sulphate wastewater and reducing process complexity. The Alliance has completed a modular plant layout and is now offering a detailed pre-license package to potential customers.
