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Nano One Provides Q2 2022 Corporate Update On Commercialisation Strategy and Expansion Plans

8 min read
  • Nano 1 Supplies Quebec recognized to assist enlargement towards commercialization

  • Know-how scaling strategies to 100 tonne for each annum scale to assist business qualification, in depth engineering and commercial plant layout

  • Patents number 21 and 22 issued and 47 additional patent applications pending

  • Partnerships and pipeline progress throughout cathode chemistries continues

Vancouver, British Columbia–(Newsfile Corp. – May perhaps 5, 2022) – Nano One® Supplies Corp. (TSX: NANO) (OTC PINK: NNOMF) (FSE: LBMB) (“Nano One” or the “Corporation”) is a clean technologies organization with a patented minimal carbon intensity procedure (the “Just one-Pot Approach”) for the creation of lower price tag, substantial-general performance cathode resources applied in lithium-ion batteries and is delighted to offer a company update on its commercialisation strategy, growth options and partnerships.

“The global lithium ion battery materials marketplace is ramping to thousands and thousands and tens of hundreds of thousands of tonnes to meet terawatt-hours of forecasted energy storage,” said Nano A person CEO Mr. Dan Blondal, “nonetheless, there are inefficiencies and by-products in the present supply chain that do not conveniently scale. We are not able to landfill billions of kilograms, we cannot produce additional waste than we recycle and we cannot be burning by means of important strength resources with inefficient procedures. Nano One’s technologies are one of a kind in addressing these costly and wasteful shortcomings in the battery source chain and we intend to generate modify in cathode supplies production for a cleaner and much more successful future.”

Technological know-how Scaling

Nano A person currently develops and would make kilogram scale cathode lively resources (CAM) working with its patented A person-Pot Procedure in a 1 tonne for every annum (tpa) R&D pilot facility found in Burnaby, BC, Canada. This technological innovation has enabled Nano 1 to successfully demonstrate to strategic pursuits, a quantifiable decreased environmental footprint, capital fees and working prices while assembly or exceeding overall performance requirements. The Business has a expanding listing of lively collaborators, which include extra than 15 auto OEMs, battery suppliers, cathode makers and miners, and extra than 20 other evaluation plans.

Building on this achievements, Nano 1 is scheduling to scale for business qualification and output. It has started comprehensive engineering and procurement of products for a 100 tpa pilot line with preliminary engineering underway for a multi-1,000 tpa industrial scale commercial demonstration line. These scale-up endeavours are currently being focused at first on Nano One’s most mature product, lithium iron phosphate (LFP), to tackle expanding demand from customers in the automotive and electricity storage markets in North America, Europe and other emerging jurisdictions.

Growth to Guidance Technological know-how Commercialisation

To guidance its engineering commercialization options, Nano A person has integrated a subsidiary in the province of Québec, as Nano One Products Québec Inc. (Matériaux Nano A person Québec Inc.), so that it may leverage the province’s expert and expert workforce, uncooked resources, lower-cost hydro-electrical power and its a long time-in-the-earning mines-to-mobility battery supplies ecosystem. Nano A person is evaluating possibilities for its 100 tpa multi-CAM pilot line, starting with LFP, which will provide as a launchpad for sulfate-free of charge cathode production and technological innovation validation. It will also be a collaborative hub to consider raw content inputs in unique forms with the purpose of reducing the wasteful by-products and inefficiencies entrenched in abroad source chains. Recruitment is underway, in each Québec and British Columbia, for new occupation positions to assist these designs.

Partnerships & Pipeline

The position of Nano One’s partnerships and technological initiatives are summarized underneath.

  • Automotive OEM’s: Nano One proceeds to efficiently collaborate with all of its automotive companions, at a variety of levels with each individual, and advancing the enhancement of cathode supplies, provide chain economics and engineering strategies to meet their potential progress options.

  • LFP: subsequent optimization operate in the A person-Pot System for LFP in 2021, Nano One particular is doing the job with many collaborators on the analysis of its LFP elements. The long term development of the LFP marketplace prospect is driving the initiatives in Québec in the direction of 100tpa piloting.

  • Nickel rich components: Phase 1 of Nano One’s joint development do the job with Johnson Matthey on its eLNO significant nickel products was not long ago concluded, effectively, and the project has wound down in anticipation of Johnson Matthey’s exit from the battery resources business. Insights received in this project are related to the Nano One’s scale-up programs with other materials. Nano One particular continues to consider and acquire a range of distinctive nickel-rich NMC (lithium nickel manganese cobalt oxide) components, techno-financial models and engineering strategies in collaboration with automotive OEMs and other strategic pursuits in the lithium ion battery offer chain.

  • LNM: (lithium nickel manganese oxide, also recognized as higher voltage spinel, HVS): Nano Just one has effectively fulfilled LNM job milestones with its Asian cathode husband or wife and Nano A person is analyzing its up coming ways for pilot scale routines. A amount of close-person collaborations and content screening programs are underway with Nano Just one to reveal the gains of its LNM materials in next-gen large voltage batteries.

  • Critical Minerals: Nano One particular is making interactions with world mining corporations and has efficiently validated their goods, which includes nickel, lithium and iron, as raw content inputs to Nano One’s sulfate-absolutely free M2CAM® course of action. Nano 1 has also correctly transitioned its perform with CBMM to niobium coating of larger nickel NMC formulations and the joint improvement of battery quality manganese for NMC and LNM is underway in collaboration with Euro Manganese.

  • Thermal Approach Innovation: Nano One continues to make on thermal processing insights gained from its successful venture do the job with Saint-Gobain and each organizations go on to examine opportunities for further collaboration.

Continual Innovation

Nano A single believes that continuous innovation will travel the improvements desired for an era of terawatt-hrs and is pleased to announce the issuance of Taiwanese patent I753429 similar to niobium coated cathode materials and shortly to be issued US patent 11,329,284 related to the A single-Pot Process. This marks Nano One’s 21st and 22nd patents with roughly 47 other patent purposes now pending in jurisdictions all over the planet.

Adam Johnson, VP External Affairs said “The Governing administration of Canada, the President of the United States, as properly as Provincial and Point out Governments have prioritized the creation of a North American battery offer chain, with tens of billions of pounds concentrated on processing critical minerals into cathode active materials. As multinational anchor investors start out pouring into Canada, Nano 1 thinks that its engineering and tactic can aid differentiate North American provide chains by scaling with fewer complexity and price, and with out the waste implications. We are participating with a variety of stages of governments and strategic get-togethers to assistance this significant initiative and we look forward to sharing far more information as these partnerships develop and as we carry on to execute on our enterprise programs.”

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About Nano One

Nano One® Materials Corp. (Nano A person) is a clear technology business with a patented, scalable and reduced carbon intensity industrial approach for the low-charge output of superior-general performance lithium-ion battery cathode elements. The technological know-how is applicable to electric automobile, energy storage, shopper digital and up coming generation batteries in the worldwide thrust for a zero-emission upcoming. Nano One’s A person-Pot Course of action, its coated nanocrystal products and its Metal to Cathode Active Substance (M2CAM®) technologies deal with elementary performance requires and supply chain constraints even though reducing expenditures and carbon footprint. Nano One has been given funding from a variety of govt packages and the existing “Scaling of Sophisticated Battery Elements Undertaking” is supported by Sustainable Enhancement Technological innovation Canada (SDTC) and the Ground breaking Clean Vitality (ICE) Fund of the Province of British Columbia. For additional data, please take a look at www.nanoone.ca

Enterprise Speak to:
Paul Guedes
[email protected]
(604) 420-2041

Media Make contact with:
Chelsea Nolan
Antenna Team for Nano A single
[email protected]
(646) 854-8721

Selected data contained herein could constitute “forward-searching info” and “ahead-looking statements” within just the meaning of relevant securities legislation. All statements, other than statements of historic simple fact, are forward-searching statements. Forward-seeking data in this information launch consists of, but is not limited to, statements with regard to: the execution of the Company’s business tactic and strategies together with expansion in Québec, which are contingent on partnerships, guidance and grants and the commercialisation of the Company’s technology and patents. Commonly, forward-searching information and facts can be discovered by the use of terminology this kind of as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’, ‘target’, ‘goal’, ‘focus’, ‘build’, ‘engage’, ‘potential’ or variations of these phrases and phrases or statements that selected steps, functions or outcomes “will” arise. Ahead-searching statements are based on the present-day viewpoints and estimates of administration as of the date these kinds of statements are produced are not, and are not able to be, a ensure of foreseeable future success or gatherings. Forward-seeking statements are subject matter to regarded and unknown risks, uncertainties and other things that might cause the actual effects, degree of exercise, overall performance or achievements of the Firm to be materially distinctive from those expressed or implied by such ahead-wanting statements or forward-looking information and facts, which includes but not constrained to: the execution of the Company’s business method such as expansion in Québec, any long term collaborations that may well take place with miners, OEM’s or some others, the Company’s skill to accomplish its mentioned goals, the commercialisation of the Firm’s technology and patents and other danger components as recognized in Nano One’s MD&A and its Annual Information Form dated March 28, 2022, the two for the calendar year finished December 31, 2021, and in modern securities filings for the Providers which are readily available at www.sedar.com. Despite the fact that management of the Firm has attempted to recognize crucial aspects that could trigger true effects to vary materially from all those contained in forward-hunting statements or ahead-wanting details, there may possibly be other things that cause success not to be as predicted, believed or supposed. There can be no assurance that this kind of statements will show to be precise, as precise effects and long term events could differ materially from people expected in these types of statements. Accordingly, viewers really should not position undue reliance on forward-seeking statements and forward-hunting info. The Enterprise does not undertake any obligation to update any forward-looking statements or ahead-on the lookout information and facts that is integrated by reference herein, except as essential by applicable securities legislation. Buyers really should not put undue reliance on ahead-searching statements.

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