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May 5, 2022, 6:01 a.m. EDT

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

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  • Nano One Materials Quebec established to support expansion towards commercialization

  • Technology scaling plans to 100 tonne per annum scale to support commercial qualification, detailed engineering and commercial plant design

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

  • Partnerships and pipeline growth across cathode chemistries continues

Vancouver, British Columbia--(Newsfile Corp. - May 5, 2022) -   Nano One® Materials Corp.  (otc pink:NNOMF)   /zigman2/quotes/203186071/delayed DE:LBMB +2.00% (" Nano One " or the "Company") is a clean technology company with a patented low carbon intensity process (the "One-Pot Process") for the production of low cost, high-performance cathode materials used in lithium-ion batteries and is pleased to provide a corporate update on its commercialisation strategy, expansion plans and partnerships.

"The global lithium ion battery materials market is ramping to millions and tens of millions of tonnes to meet terawatt-hours of forecasted energy storage," said Nano One CEO Mr. Dan Blondal, "however, there are inefficiencies and by-products in the existing supply chain that do not readily scale. We cannot landfill billions of kilograms, we cannot generate more waste than we recycle and we cannot be burning through precious energy sources with inefficient processes. Nano One's technologies are unique in addressing these costly and wasteful shortcomings in the battery supply chain and we intend to drive change in cathode materials manufacturing for a cleaner and more efficient future."

Technology Scaling

Nano One currently develops and makes kilogram scale cathode active materials (CAM) using its patented One-Pot Process in a 1 tonne per annum (tpa) R&D pilot facility located in Burnaby, BC, Canada. This technology has enabled Nano One to successfully demonstrate to strategic interests, a quantifiable reduced environmental footprint, capital costs and operating costs while meeting or exceeding performance criteria. The Company has a growing list of active collaborators, including more than 15 auto OEMs, battery suppliers, cathode makers and miners, and more than 20 other evaluation programs.

Building on this success, Nano One is planning to scale for commercial qualification and production. It has begun detailed engineering and procurement of equipment for a 100 tpa pilot line with preliminary engineering underway for a multi-1,000 tpa industrial scale commercial demonstration line. These scale-up efforts are being focused initially on Nano One's most mature product, lithium iron phosphate (LFP), to address growing demand in the automotive and energy storage markets in North America, Europe and other emerging jurisdictions.

Expansion to Support Technology Commercialisation

To support its technology commercialization plans, Nano One has incorporated a subsidiary in the province of Québec, as Nano One Materials Québec Inc. (Matériaux Nano One Québec Inc.), so that it may leverage the province's skilled and experienced workforce, raw materials, low-cost hydro-electric energy and its decades-in-the-making mines-to-mobility battery materials ecosystem. Nano One is evaluating options for its 100 tpa multi-CAM pilot line, starting with LFP, which will serve as a launchpad for sulfate-free cathode production and technology validation. It will also be a collaborative hub to evaluate raw material inputs in different forms with the aim of eliminating the wasteful by-products and inefficiencies entrenched in overseas supply chains. Recruitment is underway, in both Québec and British Columbia, for new job positions to support these plans.

Partnerships & Pipeline

The status of Nano One's partnerships and technical initiatives are summarized below.

  • Automotive OEM's: Nano One continues to successfully collaborate with all of its automotive partners, at various stages with each, and advancing the development of cathode materials, supply chain economics and engineering plans to meet their future growth plans.

  • LFP : following optimization work in the One-Pot Process for LFP in 2021, Nano One is working with various collaborators on the evaluation of its LFP materials. The future growth of the LFP market opportunity is driving the initiatives in Québec towards 100tpa piloting.

  • Nickel rich materials: Phase 1 of Nano One's joint development work with Johnson Matthey on its eLNO high nickel materials was recently completed, successfully, and the project has wound down in anticipation of Johnson Matthey's exit from the battery materials business. Insights gained in this project are relevant to the Nano One's scale-up plans with other materials. Nano One continues to evaluate and develop a range of different nickel-rich NMC (lithium nickel manganese cobalt oxide) materials, techno-economic models and engineering plans in collaboration with automotive OEMs and other strategic interests in the lithium ion battery supply chain.

  • LNM: (lithium nickel manganese oxide, also known as high voltage spinel, HVS) : Nano One has successfully met LNM project milestones with its Asian cathode partner and Nano One is evaluating its next steps for pilot scale activities. A number of end-user collaborations and material testing programs are underway with Nano One to demonstrate the benefits of its LNM materials in next-gen high voltage batteries.

  • Critical Minerals: Nano One is building relationships with global mining companies and has successfully validated their products, including nickel, lithium and iron, as raw material inputs to Nano One's sulfate-free M2CAM® process. Nano One has also successfully transitioned its work with CBMM to niobium coating of higher nickel NMC formulations and the joint development of battery grade manganese for NMC and LNM is underway in collaboration with Euro Manganese.

DE : Germany: Frankfurt
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June 24, 2022 10:59p
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