Nano One Receives C$12.75 Million in Contributions from 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 ha ricevuto C$12,75 milioni in contributi in denaro non diluitivi da vari programmi di finanziamento governativi, principalmente come rimborso per recenti spese di progetto ammissibili. Questi fondi fanno parte di circa C$45 milioni in premi governativi precedentemente annunciati, con alcuni contributi retroattivi al 1 gennaio 2023.
Il finanziamento supporta le iniziative di commercializzazione LFP dell'azienda, inclusi ingegneria, espansione della capacità, dimostrazioni e operazioni presso il suo stabilimento a Candiac, Québec. Combinato con la vendita precedentemente annunciata di terreni non edificati e accordi di vendita e leasing, l'aggiunta totale di capitale circolante ammonta a C$31,25 milioni.
L'azienda mantiene circa C$29 milioni in rimborsi rimanenti da richiedere nei prossimi 2 anni da programmi governativi contrattati. I fondi supporteranno la strategia di crescita di licenza design-one-build-many di Nano One e gli studi di fattibilità ingegneristica.
Nano One Materials Corp ha recibido C$12,75 millones en contribuciones en efectivo no dilutivas de varios programas de financiamiento gubernamentales, principalmente como reembolso por gastos de proyectos elegibles recientes. Estos fondos son parte de aproximadamente C$45 millones en premios gubernamentales previamente anunciados, con algunas contribuciones retroactivas al 1 de enero de 2023.
El financiamiento apoya las iniciativas de comercialización de LFP de la compañía, incluyendo ingeniería, expansión de capacidad, demostraciones y operaciones en su planta en Candiac, Quebec. Combinado con la venta previamente anunciada de terrenos vacantes y acuerdos de venta y arrendamiento, la adición total de capital de trabajo asciende a C$31,25 millones.
La empresa mantiene aproximadamente C$29 millones en reembolsos restantes para reclamar durante los próximos 2 años de programas gubernamentales contratados. Los fondos apoyarán la estrategia de crecimiento de licencia design-one-build-many de Nano One y los estudios de viabilidad de ingeniería.
나노 원 머티리얼스 Corp는 다양한 정부 자금 지원 프로그램으로부터 C$12.75 백만의 비희석 현금 기여금을 받았습니다. 이 자금은 최근의 적격 프로젝트 지출에 대한 환급으로 주로 사용됩니다. 이 자금은 약 C$45 백만의 이전에 발표된 정부 보조금의 일부로, 일부 기여금은 2023년 1월 1일로 소급됩니다.
이 자금은 회사의 LFP 상용화 이니셔티브를 지원하며, 여기에는 엔지니어링, 용량 확장, 시연 및 퀘벡주 칸디악에 있는 공장에서의 운영이 포함됩니다. 이전에 발표된 빈 땅의 판매 및 판매-리스백 계약과 결합하여, 총 운전 자본 추가액은 C$31.25 백만에 달합니다.
회사는 계약된 정부 프로그램으로부터 향후 2년 동안 청구할 약 C$29 백만의 남은 환급금을 유지하고 있습니다. 이 자금은 나노 원의 디자인-원-빌드-메니 라이센스 성장 전략과 엔지니어링 타당성 연구를 지원할 것입니다.
Nano One Materials Corp a reçu C$12,75 millions en contributions en espèces non dilutives de divers programmes de financement gouvernementaux, principalement en remboursement de récents frais de projet éligibles. Ces fonds font partie d'environ C$45 millions en subventions gouvernementales précédemment annoncées, avec certaines contributions rétroactives au 1er janvier 2023.
Le financement soutient les initiatives de commercialisation LFP de l'entreprise, y compris l'ingénierie, l'expansion de la capacité, les démonstrations et les opérations dans son usine à Candiac, au Québec. Combiné à la vente précédemment annoncée de terrains vacants et aux accords de vente-location, l'ajout total de fonds de roulement s'élève à C$31,25 millions.
L'entreprise maintient environ C$29 millions de remboursements restants à réclamer au cours des 2 prochaines années auprès de programmes gouvernementaux contractés. Les fonds soutiendront la stratégie de croissance de licences design-one-build-many de Nano One et les études de faisabilité en ingénierie.
Nano One Materials Corp hat C$12,75 Millionen an nicht verwässernden Geldbeiträgen aus verschiedenen Regierungsförderprogrammen erhalten, hauptsächlich als Erstattung für kürzlich getätigte förderfähige Projektaufwendungen. Diese Mittel sind Teil von etwa C$45 Millionen an zuvor angekündigten staatlichen Auszeichnungen, wobei einige Beiträge rückwirkend zum 1. Januar 2023 gelten.
Die Finanzierung unterstützt die Kommerzialisierungsinitiativen des Unternehmens für LFP, einschließlich Ingenieurwesen, Kapazitätserweiterung, Demonstrationen und Betrieb in seiner Anlage in Candiac, Québec. Zusammen mit dem zuvor angekündigten Verkauf ungenutzten Landes und Verkaufs-Leasing-Vereinbarungen beträgt die gesamte Erhöhung des Betriebskapitals C$31,25 Millionen.
Das Unternehmen hat noch etwa C$29 Millionen an verbleibenden Erstattungen, die es in den nächsten 2 Jahren aus vertraglich vereinbarten Regierungsprogrammen beantragen kann. Die Mittel werden die Lizenzwachstumsstrategie von Nano One unterstützen, die auf dem Konzept „Design-One-Build-Many“ basiert, sowie Ingenieureignungsstudien.
- Secured C$12.75M in non-dilutive government funding
- Total working capital addition of C$31.25M including land sale and lease-back
- Additional C$29M in government reimbursements available over next 2 years
- Funding supports expansion and commercialization without shareholder dilution
- None.
Highlights:
Adds
$12.75 million working capital for LFP commercialization initiatives.Draws from various government awards, previously announced.
Supports pilot, capacity expansion and demonstration scale operations, engineering feasibility, commercial production and licensing initiatives.
Video tour of modernized Candiac demonstration facility featuring the One-Pot Process.
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / March 20, 2025 / Nano One® Materials Corp. ("Nano One" or the "Company"), a process technology company specializing in lithium-ion battery cathode active materials, is pleased to announce the receipt of C
Video tour: Highlighting advancements made with the One-Pot process at Nano One's LFP demonstration plant in Candiac, Québec: https://youtu.be/lM2H9fn_amY.
"These funds strengthen our balance sheet," said Nano One's CEO and Founder, Dan Blondal, "and enable us to fully execute on our capacity expansion, production and licensing plans through 2025 and further. We are drawing down from approximately C
These programs support Nano One's engineering, capacity expansion, demonstration, and commercialization at its LFP plant in Candiac, Québec. The
Nano One also has approximately
Nano One is pleased to provide a video tour highlighting advancements made with the One-Pot process at its LFP demonstration plant in Candiac, Québec: https://youtu.be/lM2H9fn_amY.
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About Nano One®
Nano One® Materials Corp. (Nano One) is a technology company changing how the world makes cathode active materials for lithium-ion batteries. Applications include stationary energy storage systems (ESS), portable electronics, and electric vehicles (EVs). The Company's patented One-Pot process reduces costs, is easier-to permit, lowers energy intensity, environmental footprint, and reliance on problematic supply chains. The Company is helping to drive energy security, supply chain resilience, industrial competitiveness and increased performance through process innovation. Scalability is proven and being demonstrated at Nano One's LFP (lithium-iron-phosphate) pilot production plant in Québec-leveraging the only facility and expertise of its kind outside of Asia. Strategic collaborations and partnerships with international companies like Sumitomo Metal Mining, Rio Tinto, and Worley are supporting a design-one-build-many licensing growth strategy-delivering cost-competitive, easier-to-permit and faster-to-market battery materials production solutions world-wide. Nano One has received funding from the Government of Canada, the Government of the United States, the Government of Québec, and the Government of British Columbia.
Company Contact:
Paul Guedes
info@nanoone.ca
(604) 420-2041
Cautionary Notes and Forward-looking Statements
Certain information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes the Company's current and future business and strategies; the intention to grow the business, operations, revenues, and potential activities of the Company; industry demand and adoption; sales of LFP and potential offtake commitments; competitive conditions; general economic conditions; the functions and intended benefits of Nano One's technology and products; the development of the Company's technology, supply chains and products; scalability of developed technology; current and future collaboration engineering, and optimization research projects; the successful and timely commencement of a commercialization phase; the purpose for expanding its facilities; the Company's licensing, joint venture opportunities and/or potential royalty arrangements; the Company's potential eligibility and benefit from recent global regulatory decisions; continued innovation on manufacturing processes, equipment and recycling; successful execution of the Company's milestones; and the acceleration and execution of the Company's plans - which are contingent on support, grants and long-term support from the Company's shareholders. Generally, forward-looking information can be identified by the use of terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', ‘target', ‘goal', ‘potential' or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: the success in the marketing and deployment of the cathode manufacturing plant design packages; general and global economic and regulatory changes; next steps and timely execution of the Company's business plans; the development of technology, supply chains, and plans for construction, scale-up and operation of cathode production facilities; successful current or future collaborations that may happen with OEM's, miners or others; successful execution of the Company's milestones; the execution of the Company's plans which are contingent on support and grants; the Company's ability to achieve its stated goals; the commercialization of the Company's technology and patents via license, joint venture and independent production; anticipated global demand, adoption and projected growth for LFP batteries; and other risk factors as identified in Nano One's MD&A and its Annual Information Form dated March 27, 2024, both for the year ended December 31, 2023, and in recent securities filings for the Company which are available at www.sedarplus.ca. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
SOURCE: Nano One Materials Corp.
View the original press release on ACCESS Newswire
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