Vancouver, British Columbia, May 27, 2021 (Newsfile Corp via COMTEX) -- Vancouver, British Columbia--(Newsfile Corp. - May 27, 2021) - Nano One® Materials Corp. (otc pink:NNOMF) /zigman2/quotes/203186071/delayed DE:LBMB -0.18% ("Nano One") is a clean technology company with a patented process for the low-cost, low-carbon footprint production of high-performance cathode materials used in lithium-ion batteries. Nano One is pleased to announce that it has received conditional approval to list its common shares on the Toronto Stock Exchange (the "TSX") under a new trading symbol "NANO".
Final approval of the listing is subject to Nano One meeting certain customary conditions of the TSX, including the provision of final documentation. Upon final approval, Nano One intends to issue a news release confirming the date upon which its common shares will commence trading on the TSX, which is anticipated to occur prior to the end of June. At that time, Nano One's common shares will be delisted from the TSXV.
"As part of our ongoing growth strategy, graduating to the TSX is an important milestone for Nano One," stated Dan Blondal, CEO. "We are seeing increased interest in our One-Pot, M2CAM and coated single-crystal technologies because they can help enable the greening and cost reduction of a critical part of the battery materials supply chain. From ESG focused institutional investors to deeper collaborations with battery materials players and end-users across the globe, we are positioning Nano One to capitalize on the much larger macro trend. In the last 18 months we've successfully completed three financings, tripled our facilities size as part of demo plant scale-up, led the trend with continuous innovation success and have made measurable progress towards first commercialization of our technology, with a differentiated and sustainable cathode materials business plan. We are excited about what 2021 and beyond holds in store for all our stakeholders and thank them in their support thus far."
About Nano One
Nano One Materials Corp ("Nano One") is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future. Nano One's One-Pot process, its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint. Nano One has received funding from various government programs and the current "Scaling of Advanced Battery Materials Project" is supported by Sustainable Development Technology Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia. For more information, please visit www.nanoone.ca
Antenna Group for Nano One
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the satisfaction of final listing requirements and the receipt of final approval for the Company's listing on the TSX; the anticipated benefits to the Company of listing on the TSX; and timing of commencing trading on the TSX. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they 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: the receipt of all necessary regulatory approvals. 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 to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
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