Nano One Materials

Overview

Lithium-ion batteries have a wide range of valuable applications in the green economy, including in electric vehicles, energy storage systems and consumer electronics. North American companies with a domestic supply chain and local processing capabilities for raw materials needed for the green economy may present an exciting opportunity for investors.

Coated Single Crystal Cathode Materials Explained

Nano One's patented One-Pot Process is a proven, efficient and scalable manufacturing technology for producing cathode materials used in advanced lithium-ion batteries. The One-Pot Process streamlines the production process which significantly reduces costs and increases battery performance and durability compared to the standard manufacturing process. The company's M2CAM (metal direct to cathode active material) technology allows cathode materials to be made directly from metals rather than sulphates. This reduces steps, waste and costs from the supply chain while increasing margins allowing a more efficient and sustainable process.

Nano One’s M2CAM technology is environmentally sustainable as it produces less greenhouse gas, no waste, uses flexible feedstock, uses less energy and uses 60 percent less water than the standard processing method. The material that is produced also costs four4 to five5 times less to ship due to the lighter weight of around five5 times less than the standard material. This results in potential savings of thousands of dollars per tonne and higher margins.

The One-Pot Process has 27 patents issued in the US, Canada, Japan, Korea, China and Taiwan and more than 55 patents currently pending. Nano One has built a demonstration pilot plant that proves scalability and provides Nano One with the ability to make volumes of materials to engage in larger testing programs with strategic partners.

Nano One has established partnerships with multiple global industry leaders like Volkswagen AG (ETR:VOW3); Rio Tinto (ASX:RIO); BASF (ETR:BAS); Companhia Brasileira de Metalurgia e Mineração (CBMM), a world leader in the production and commercialization of Niobium products; Euro Manganese Inc. (TSXV:EMN), a battery materials company focused on advancing the development of the Chvaletice Manganese Project.

Nano One also received aggregate funding of approximately $23 million from several Canadian Government groups such as Sustainable Development Technology Canada, Innovation Clean Energy Fund of British Columbia, IRAP and ASIP.

In 2022, Nano One and Euro Manganese Inc. successfully demonstrated the production of cathode materials made directly from Euro Manganese’s electrolytic manganese metal using Nano One's One-Pot process. Euro Manganese's Chvaletice Manganese Project has been successfully validated as feedstock for Nano One's patented One-Pot and M2CAM cathode production technologies, essential in lowering the cost, complexity and environmental footprint of using metal sulphates in cathode production.

The company also announced the transformation of the Candiac lithium iron phosphate (LFP) facility to the One-Pot process, following the completion of the acquisition announced on November 1, 2022. The company will be commencing One-Pot trials to provide the company with valuable insights for the next stage of trials, pilot production and advanced engineering.

Sustainable Development Technology Canada (SDTC) awarded Nano One with $10 million in non-dilutive support to help fast-track and convert North America's only LFP plant to pilot the One-Pot Process. The funding also allows the company to leverage the high-quality acquisition of LFP plant and amplifies expansion plans and accelerate strategic growth and offtake opportunities with consortium partners Rio Tinto, Lithion Battery Inc., and undisclosed auto OEM.

Company Highlights

• The company has more than 20 strategic partnerships and collaborations with multiple global leaders to advance its cathode technology for e-mobility and energy storage system applications, including:
  • Rio Tinto (ASX:RIO)
  • Volkswagen AG (OTC:VWAGY)
  • BASF (ETR:BAS)
  • Umicore (EBR:UMI)
  • Companhia Brasileira de Metalurgia e Mineração (CBMM)
  • Euro Manganese Inc. (TSX-V:EMN)
  • Global automobile manufacturer
• Nano One's patented One-Pot Process is a proven, efficient and scalable manufacturing technology for producing cathode materials used in lithium-ion batteries.
• Nano One's M2CAM (metal direct to cathode active material) technology addresses fundamental performance needs and supply chain constraints while reducing costs and carbon footprint, enabling a cleaner, more sustainable supply chain.
• Highly experienced management team with expertise in financing, capital growth, technology management, intellectual and the sciences.
• Strategic partnership with Rio Tinto for a US$10-million investment to fund and accelerate Nano One's multi-cathode (multi-CAM) commercialization strategy.
• Acquired Johnson Matthey Battery Materials, the only producing lithium ferrophosphate (LFP) cathode materials facility in North America, for approximately C$10.25 million, which is
• Joint development agreement with Badische Anilin und Sodafabrik (BASF) to co-develop a process with reduced by-products for commercial production of next-generation cathode active materials.
• Joint development agreement with Umicore to leverage their respective technologies and know-how to further increase the throughput rate while reducing the costs and environmental footprint of CAM production.
• The company has received approximately C$23 million in contributions from Sustainable Development Technology Canada and the British Columbia Innovative Clean Energy fund and other government programs in advancing the company's technology towards commercialization.
• Nano One has 27 patents in the US, Canada, Japan, Korea, China, and Taiwan and more than 55 are still pending
• The company was awarded $10 million in non-dilutive support from Sustainable Development Technology Canada (SDTC) to help fast track and convert North America's only LFP plant to pilot One-Pot Process.