"astronova" | "quicklabel"

Nano One Receives Funding to Advance M2CAM and Thermal Processing Initiatives

  • Receiving advisory services and up to C$404,000 in funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) supporting M2CAM and thermal processing initiatives
  • Cost optimization of M2CAM and thermal processing innovations underway
  • Supports scale-up on path to commercialization and leverages engineering study

Nano One® Materials Corp. (TSX: NANO) (OTC Pink: NNOMF) (FSE: LBMB) ("Nano One") is a clean technology company with a patented low carbon intensity process for the production of low cost, high-performance cathode materials used in lithium-ion batteries. Nano One announced today that it is receiving advisory services and funding of up to C$404,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support a research and development project to advance its Metal direct to Cathode Active Material ("M2CAM") technology and thermal processing innovations.

"Nano One values this support from NRC IRAP," said Nano One CTO Dr. Stephen Campbell. "This project will further advance cost optimization of the One-Pot Process for the manufacture of cathode active materials, specifically as it relates to the use metal feedstocks enabled by our M2CAM technology and innovations in final stage of thermal processing."

Nano One believes that the world's battery ecosystems and supply chains can only be made secure, competitive and resilient, by leapfrogging the established methods, with economically and environmentally engineered supply chains. A study produced by Hatch Ltd. and announced by Nano One on January 24 2022, supports that Nano One's patented One-Pot and M2CAM processes offer both environmental and potential economic benefits when compared to conventional cathode manufacturing processes. The technology eliminates large streams of wasteful by-product and the need to convert lithium-carbonate to lithium-hydroxide and metals to metal-sulfates. There are also estimated significant reductions in carbon footprint and water usage.

Dr. Campbell added, "We have also identified opportunities to improve the efficiency of thermal processing, which is a capitally and energy intensive final step in making cathode materials. We have innovations and patents pending, and this latest support from NRC IRAP is aimed at developing them into near-term industrial scale solutions, better suited for terawatt-hour scale battery production."

###

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

Company Contact:
Paul Guedes
info@nanoone.ca
(604) 420-2041

Media Contact:
Chelsea Nolan
Antenna Group for Nano One
nanoone@antennagroup.com
(646) 854-8721

Certain information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements with respect to: benefits achieved from further optimization of Nano One's patented One-Pot Process and M2CAM technologies, the execution of the Company's development plans which are contingent on such support and awards and the commercialization of Nano One's technology and patents. Generally, forward-looking information can be identified by the use of terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', 'target', 'goal', 'potential', 'advance', 'aim' or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements 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 Nano One to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: benefits achieved from further optimization of Nano One's patented One-Pot Process and M2CAM technologies and any anticipated results thereof, any future collaborations that may happen with the OEM's or other partners in the battery supply chain, Nano One 's ability to achieve its stated goals, the commercialization of Nano One's technology and patents and other risk factors as identified in Nano One's MD&A and its Annual Information Form dated March 15, 2021, both for the year ended December 31, 2020, and in recent securities filings for the Companies which are available at www.sedar.com. Although management of Nano One 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. Nano One does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115514

News Provided by Newsfile via QuoteMedia

NANO:CA
The Conversation (0)
automotive engineer expert witness

Nano One Materials


Keep reading...Show less

Changing the Face of Battery Materials Production

Nano One Provides Quarterly Progress Update and Reports Q3 2023 Results

Nano One Provides Quarterly Progress Update and Reports Q3 2023 Results

TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB

Q3 2023 Highlights and Headlines

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Pre-Feasibility Study Anticipates 10X Increase in Capacity for Nano One LFP Site in Québec

Pre-Feasibility Study Anticipates 10X Increase in Capacity for Nano One LFP Site in Québec

Highlights:

  • FEL 2 study estimates capacity at nano one Candiac can be increased by 10X, up to 25,000 tpa.
  • Compact design cuts down land and water use, adding further value to the One-Pot Process.
  • Potential to create 140+ full-time jobs, 1000+ indirect jobs and generate $50M in tax revenue over first 5 years.
  • nano one readying to address a 2035 LFP market estimated at approximately 3 million tonnes and $48 billion per year in North America, the EU and Indo-Pacific regions.[i]

TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB) nano one® Materials Corp. ("nano one" or the "Company") a clean technology company with patented processes for the production of lithium-ion battery cathode materials is pleased to announce the completion of its Front-End Loading (FEL) 2 pre-feasibility study with Hatch Ltd, which estimates that nano one could add 25,000 tonnes per annum ("tpa") of lithium iron phosphate (LFP) production capacity to its Candiac property, potentially making it significantly more efficient in size, footprint, and capital cost than other commercial methods of making LFP

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nano One Announces Closing of Sumitomo Metal Mining $16.9M Strategic Investment and Collaboration Agreement

Nano One Announces Closing of Sumitomo Metal Mining $16.9M Strategic Investment and Collaboration Agreement

TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB)(TSE:5713

nano one® Materials Corp. ("Nano One" or the "Company"), a clean technology company with patented processes for the sustainable production of lithium-ion battery cathode materials, is pleased to announce the closing of the strategic equity investment and collaboration with Sumitomo Metal Mining Co. Ltd ("SMM", together with nano one, the "Companies"), a leading vertically integrated miner, refiner and producer of cathode active materials ("CAM"), announced on September 25, 2023. SMM made an equity investment of C$16,879,949.85 and the Companies entered into a collaboration agreement (the "CA") under which they will work together to accelerate the commercial production of lithium iron phosphate ("LFP"), CAM and nickel-rich CAM chemistries, such as lithium nickel manganese cobalt oxide ("NMC").

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nano One Announces Collaboration Agreement with Sumitomo Metal Mining and a C$16.9 Million Strategic Investment

Nano One Announces Collaboration Agreement with Sumitomo Metal Mining and a C$16.9 Million Strategic Investment

TSX:NANO)(OTC:NNOMF)(Frankfurt:LBMB) and Tokyo, Japan (TSE:5713

Highlights:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
LFP from Nano One's Commercial Size Reactors Lead to Fast-tracking Customer Samples

LFP from Nano One's Commercial Size Reactors Lead to Fast-tracking Customer Samples

TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB

Highlights:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

Cotec Holdings Corp. Notes Hypromag USA Project Update

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to note today's press release by HyProMag USA, LLC ("HyProMag USA"), its U.S.-based joint venture rare earth permanent magnet recycling and manufacturing company.

HyProMag USA announced an update on the Detailed Design phase of its Dallas-Fort Worth rare earth magnet recycling and manufacturing hub. The engineering, procurement and construction management work is being led by PegasusTSI Inc. and BBA USA Inc.

Keep reading...Show less
Homerun Resources (TSXV:HMR)

Homerun Resources Inc. Provides Marketing Update Extends Closing of $3M Financing

Homerun Resources Inc. ("Homerun" or the "Company") (TSXV: HMR) (OTCQB: HMRFF) is pleased to announce that to further support investor understanding and broaden market awareness, Homerun has engaged Dig Media Inc (INN) and Rockstone Research. These partnerships will help deliver Bmely updates, accessible investor educaBon, and expert insights that clarify Homerun's value proposiBon and growth potenBal. At a Bme when the company's story may appear complex to average investors, these plaGorms will play a key role in translaBng Homerun's progress into clear, engaging content that supports the next phase of growth.

The Company announces that it entered into an agreement with Rockstone Research to provide markeBng services to the Company. Rockstone Research is a Switzerland-based capital markets research firm specializing in the resource, technology, and energy transiBon sectors. With a strong focus on idenBfying growth opportuniBes in emerging markets and strategic commodiBes, Rockstone publishes in-depth reports that are distributed through internaBonal financial media plaGorms and made available directly at www.rockstone-research.com. All reports are released in both English and German and circulated worldwide via free email newslePer to insBtuBonal and retail investors. Rockstone was founded in 2011 by Stephan Bogner, who studied economics in Dortmund, Germany, graduaBng in 2004 as Diplom- Kaufmann. He has been acBve in the precious metals and junior mining industry since 2002, bringing more than two decades of experience and industry knowledge to Rockstone's research and analysis.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Notes HyProMag USA Press Release Regarding Capacity Expansion Concept Study

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to note today's press release by HyProMag USA, LLC ("HyProMag USA"), its U.S.-based joint venture rare earth permanent magnet recycling and manufacturing company.

HyProMag USA announced the commissioning of a Concept Study to evaluate the expansion of its operations into Nevada and South Carolina in collaboration with Intelligent Lifecycle Solutions, LLC ("ILS")[i]. The Concept Study will be completed by PegasusTSI Inc. and BBA USA Inc. and will define design and capital requirements for additional Hydrogen Processing of Magnet Scrap ("HPMS")[ii] capacity and up to four new magnet production lines. The expansions are planned to complement the phased build-out of the first Texas Hub to optimize HyProMag USA's hub-and-spoke configuration in the United States.[iii]

Keep reading...Show less
Westport (NASDAQ:WPRT)

Westport


Keep reading...Show less
Solar power plant panels.

Silica Investing: How Processing Bottlenecks Create Breakthrough Opportunities

As one of its most abundant minerals, the world has no shortage of silica. The challenge — and more importantly, the value — lies in making it pure enough for the technologies that will define the global energy transition.

Innovations in cleaner and more efficient high-purity (HPQ) silica processing are emerging as one of the most powerful levers of value creation in the energy transition. While quartz is abundant in nature, producing HPQ silica has historically depended on energy-intensive, chemical-heavy methods — until recently.

Breakthroughs in cleaner, more efficient refining are reshaping how HPQ silica is produced, cutting costs, shrinking carbon footprints and creating a technology-driven industry from what was once viewed as a commodity.

Keep reading...Show less
Innovation Mining

Innovation Mining


Keep reading...Show less

Latest Press Releases

Related News

×