Sep 30, 2021 (Financial News Media via COMTEX) -- FN Media Group Presents Microsmallcap.com Market Commentary
New York, NY - September 30, 2021 – When people hear the words electric vehicle (EV), Tesla and Elon Musk typically come to mind. However, another Tesla co-founder is now looking to become a dominant player in the EV space. Redwood Materials Inc, which was founded by Tesla co-founder J.B. Straubel has become the largest lithium-ion battery recycler in the country and plays a prominent role in the industry. Now, Redwood plans to simplify the supply chain by shifting global production for lithium cathodes from Asia to the US and is building a 1,000,000-square-foot facility to become a major US manufacturer of cathodes. Battery materials companies are the backbone of the coming decarbonization and the global green economy, so it's no surprise that the battery materials industry is growing quickly. Companies like Nano One Materials Corp. /zigman2/quotes/204489325/delayed CA:NANO -2.18% (otcpk:NNOMF), Standard Lithium /zigman2/quotes/204508773/delayed CA:SLI -5.65% /zigman2/quotes/208666348/composite SLI -4.39% , Livent Corporation /zigman2/quotes/200042549/composite LTHM +2.97% , FMC Corporation /zigman2/quotes/200631712/composite FMC -1.33% , and Albemarle Corp /zigman2/quotes/200578017/composite ALB -0.39% are in the middle of a fast-growing trend of electrification for EVs, infrastructure, and technology and are producing, refining, and manufacturing the materials of the future, including lithium, that will power the world.
Nano One Materials Corp. /zigman2/quotes/204489325/delayed CA:NANO -2.18% /zigman2/quotes/208583595/delayed NNOMF -2.35% is a clean technology company with a patented, scalable, low-carbon industrial process for the cost-effective production of high-performance lithium-ion battery cathode materials. Nano One‘s One-Pot process, coated nanocrystal materials, and M2CAM (Metal direct to Cathode Active Material) technology address fundamental performance requirements and constraints in the supply chain, while reducing costs and carbon footprint. Since making a breakthrough with LNMO (lithium nickel manganese oxide) last October and achieving almost 1000 cycles in a standard electrolyte battery, Nano One has attracted attention from automotive companies and chemical companies that are interested in the technology.
Nano One Materials Corp. is making continuous progress this year, including graduating to the Toronto Stock Exchange, closing a $28.9 million bought deal offering, entering into a partnership with Johnson Matthey to develop next-generation eLNO family of nickel-rich advanced cathode materials and launching ground-breaking M2CAM technology to reduce cost, waste and carbon footprint in lithium-ion battery supply chain.
Nano One also recently expanded its previously announced automotive program with a multinational automotive company by engaging global engineering firm Hatch Ltd. to lead an industrial scale engineering study. The expanded program will evaluate economic and environmental advantages of Nano One's process for the production of nickel rich cathode materials. The goal is not only to do a cost comparison of Nano One's technology with conventional manufacturing processes but at a scale that will supply enough cathode materials for a full-scale automotive battery cell assembly plant.
At the same time, Nano One is making headway with its Scaling Advanced Battery Materials Project, which has gained funding from organizations such as Sustainable Development Technology Canada and the British Columbia Innovative Clean Energy Fund. Milestone 2 success has strengthened Nano One's processes for key cathode materials and enabled the company to expand their staff, and equipment to support next steps in milestone 3 which moves towards commercialization. As a result of the positive progress achieved through milestone 2, advanced funding for milestone 3 has been released to the company in the amount of $1,652,859.
As the global adoption of EVs, and the transition towards the electrification of the world takes place, there will be more focus on all parts of the supply chain from battery metals, processing of materials, cell production and EV production. Improvements have to happen in cost, performance and carbon footprint and Nano One's technology addresses all of the above.
To learn more about Nano One Materials Corp. /zigman2/quotes/204489325/delayed CA:NANO -2.18% /zigman2/quotes/208583595/delayed NNOMF -2.35% and the energy revolution its materials are powering, click here .
How Next-Generation Technology is Changing the Modern Economy
Standard Lithium /zigman2/quotes/204508773/delayed CA:SLI -5.65% /zigman2/quotes/208666348/composite SLI -4.39% recently announced that it is undertaking a pilot project in collaboration with Aqualung Carbon Capture AS in southern Arkansas to test a novel carbon capture technology. The pilot project, which will be installed at a natural gas processing site in southern Arkansas owned and operated by Mission Creek Resources LLC, is focused on minimizing all CO2 emissions that may result from its future operations and related supply-chain activities and "seeks to build on its science-based strategy for sustainable development and continuous improvement at its Arkansas lithium projects."
Livent Corporation /zigman2/quotes/200042549/composite LTHM +2.97% manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications. The company announced its second quarter 2021 results, which revealed improving market conditions and higher prices across lithium products compared to the previous quarter. Livent reported revenue of $102.2 million, 57% higher YoY and 11% more than the first quarter of the year. The company also released its 2020 Sustainability Report in June which details its ESG progress, highlights the new sustainability goals and reaffirms its commitment to environmental protection, social responsibility and transparency.
Albemarle Corp /zigman2/quotes/200578017/composite ALB -0.39% , which was the largest provider of lithium for electric vehicle batteries as of 2020, announced the opening of its Battery Materials Innovation Center (BMIC) in North Carolina in June to support the company's lithium hydroxide, lithium carbonate and advanced energy storage materials growth platforms. The facility has been equipped to enable synthesis of new materials, material properties characterization and analysis, material scale-up capabilities, and material integration into battery cells for performance testing.
Leading global agricultural sciences company FMC Corporation /zigman2/quotes/200631712/composite FMC -1.33% just announced its goal to achieve net-zero greenhouse gas (GHG) emissions by 2035 by using science-based targets aligned with keeping the global temperature at 1.5�C above pre-industrial times. The company has committed to set science-based targets through the Science Based Targets initiative (SBTi), a partnership between CDP, World Resources Institute, the United Nations Global Compact, and the World Wide Fund for Nature.
The battery materials industry has continued to expand to fit the demands of the market. More electric vehicles are being produced than ever before, and numbers are still low compared to what will be available in the coming decades. Companies like Nano One Materials Corp. /zigman2/quotes/204489325/delayed CA:NANO -2.18% /zigman2/quotes/208583595/delayed NNOMF -2.35% and its peers are ensuring that the supply chain for the critical lithium needed for those batteries is sourced ethically, processed cleanly, and distributed efficiently for this new and important supply chain.
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