Nano One Secures C$12.75 Million for LFP Commercialization

Nano One Materials ( (TSE:NANO) ) has issued an announcement.

Nano One Materials Corp. has received C$12.75 million in non-dilutive cash contributions from various government programs, supporting its lithium-iron-phosphate (LFP) commercialization initiatives. This funding strengthens the company’s financial position, enabling it to advance its capacity expansion, production, and licensing plans through 2025. The funds, part of a larger C$45 million government award, underscore the strategic importance of Nano One’s One-Pot process for energy and supply chain security, adding shareholder value and supporting the company’s corporate objectives. The contributions also bolster engineering feasibility efforts for Nano One’s design-one-build-many licensing growth strategy.

More about Nano One Materials

Nano One Materials Corp. is a technology company focused on revolutionizing the production of cathode active materials for lithium-ion batteries. Their patented One-Pot process aims to reduce costs, environmental impact, and reliance on problematic supply chains. The company targets applications in stationary energy storage systems, portable electronics, and electric vehicles, with a focus on enhancing energy security, supply chain resilience, and industrial competitiveness.

YTD Price Performance: -27.59%

Average Trading Volume: 71,141

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$69.09M

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