Nano One Materials Corp. reports developments in lithium-ion battery cathode active material process technology, centered on its One-Pot™ production process for lithium iron phosphate (LFP) CAM. Recurring updates cover the Candiac, Québec demonstration facility, pilot and commercial demonstration lines, process optimization, equipment procurement, raw-material qualification and commercialization through product sales, technology licensing and royalties.
Company news also covers government support programs, work with strategic and technical partners such as Sumitomo Metal Mining, Rio Tinto, Worley Chemetics and ALTA, market applications in defence, energy storage systems and electric vehicles, financing activity and leadership or capital-markets appointments.
Nano One (NNOMF) has advanced One-Pot lithium iron phosphate (LFP) customer sampling through its collaboration with Sumitomo Metal Mining (SMM). SMM reports positive feedback from its cell manufacturer and automaker customers on earlier samples. Nano One’s latest-generation material is ready for customer evaluation, with engagement underway.
Based on SMM’s economic modelling, Nano One estimates potential conversion cost savings of up to US$1 million annually for every 1,000 tonnes of annual capacity. Customer evaluation forms part of a multi-step qualification process that must be completed before eventual commercial offtake, or customer purchase commitments. The partners continue working toward collaboration on a large-scale Canadian LFP facility, subject to securing customer offtake, project financing and government funding support.
Nano One (NNOMF) has pre-qualified six lithium carbonate and phosphoric acid sources for lithium iron phosphate battery cathode production. Three lithium carbonate suppliers span Argentina and Chile; three phosphoric acid suppliers source material from the United States and Europe. Iron oxide validation is underway in Canada and Europe, while additional Canadian inputs remain at earlier qualification stages.
The work supports the Canada Development Company project and future technology licensees. Nano One's patented One-Pot process makes cathode material directly from raw inputs without relying on China-produced iron phosphate precursor. The company targets initial commercial supply agreements for small-scale defence and energy storage applications and expects commissioning of expanded Candiac capacity of approximately 800 tonnes per year in the first half of 2027.
Nano One (NNOMF) announced that Chief Executive Officer and director Alex Holmes will take a temporary medical leave of absence, with the company expecting his return in the coming months. In consultation with Holmes, the Board of Directors has appointed Board Chair Anthony Tse to assume the duties of Chief Executive Officer on an interim basis.
Tse will work with the senior management team to oversee operations and continue executing Nano One’s strategy. A board director said the company has a strong and collaborative management team and expressed confidence in its ability to advance corporate objectives during Holmes’s absence, while extending well wishes for his recovery.
Nano One (NNOMF) has been selected for the investment prospectus of the inaugural Canada Investment Summit 2026 in Toronto.
The Summit, announced by Prime Minister Mark Carney and hosted by the Government of Canada with CPP Investments and PSP Investments, will be held on September 14–15, 2026 and is expected to convene over 100 senior decision-makers from leading global institutional investors. Nano One will showcase its recently announced Canada DevCo, a proposed lithium iron phosphate (LFP) cathode production project in Canada featuring a 25 ktpa facility expandable up to 100 ktpa, positioning it for potential investment and partnership discussions focused on clean energy and critical minerals.
Nano One (NNOMF) is advancing its first Development Company project, Canada DevCo, to establish lithium iron phosphate (LFP) cathode production in Canada, starting with a proposed 25 ktpa facility and potential expansion to 100 ktpa.
Early work includes a site evaluation study assessing multiple locations, utilities, infrastructure and permitting pathways, alongside ongoing customer and strategic partner discussions. The project targets energy storage, electric vehicle and defence markets in Canada and abroad, leveraging Canadian advantages such as low-carbon, cost-competitive power and access to key feedstocks. Nano One is engaging Canadian suppliers of lithium carbonate, phosphoric acid, iron and plant equipment, testing materials through its Burnaby R&D centre and Candiac demonstration facility. Engineering of a standardized 25,000 tpa plant based on its One-Pot LFP CAM Package is underway, supported in part by Natural Resources Canada funding.
Nano One (OTCQB: NNOMF), a process technology company focused on lithium-ion battery cathode active materials, has appointed Aleem Ladak, P.Eng. as Director of Corporate Development, effective August 5, 2026. His mandate is to advance Nano One’s commercial and strategic objectives in line with its growth strategy.
According to Nano One, Mr. Ladak brings over 15 years of experience across mining engineering, corporate development and battery materials strategy. He previously led Tesla’s battery materials corporate development and strategy team and its critical minerals policy team, and helped build the battery materials supplier industrialization team at PowerCo Canada, part of the Volkswagen Group. Earlier roles included mining engineering, equity research and strategy consulting, including due diligence on the acquisition of VionX Energy by Largo Resources. Nano One highlights this experience as aligned with its Design-One-Build-Many growth strategy and efforts to address mid-stream gaps in the battery materials supply chain.
Nano One (OTCQB: NNOMF) outlined its strategy to capture accelerating global demand for lithium iron phosphate (LFP) cathode materials across energy storage, electric vehicle and defence markets. The company plans to license its proprietary One-Pot™ process into regional markets via joint-venture-style development companies (“DevCos”), pairing technology with local partners, capital and offtake.
According to Nano One, LFP accounted for ~60% of global lithium-ion cell demand in 2025 and the addressable LFP market outside China is estimated at $8–10 billion annually in 2026, growing to ~$40 billion by 2035. The One-Pot process uses non-sulfate feedstocks, avoids precursor dependence and reduces certain waste streams, aiming to ease permitting and localization. Detailed engineering for the Candiac, Québec expansion was 85% complete as of July 23, 2026, targeting commissioning of an ~800 tpa line in H1 2027, while an existing ~200 tpa pilot line supports customer sampling and qualification.
Nano One (TSX:NANO, OTCQB:NNOMF) has produced LFP cathode active material and in-house battery test cells using battery-quality lithium carbonate supplied by Standard Lithium (TSXV:SLI, NYSE American:SLI) from its South West Arkansas pilot plant.
Using its patented One-Pot process, Nano One reports that the material met target chemical and physical parameters, achieved intended particle morphology and delivered initial electrochemical performance of approximately 155 mAh/g on first discharge. This work supports Nano One’s staged A-to-C sample qualification strategy and expands pre-qualified feedstock options for prospective licensees and customers. Nano One is also expanding capacity at its Candiac facility to about 800 tpa, with detailed engineering 85% complete as of July 2026 and commissioning of the expanded demonstration line targeted for the first half of 2027.
Nano One (OTC:NNOMF) reported Q2 2026 net assets of $18.2 million, working capital of $17.6 million and cash of $19.3 million. Since early 2024, the company has secured over $63 million in non-dilutive capital from government grants and loans, sale-leaseback and land sale proceeds, with about $20 million in undrawn government funding available as of August 2026. Government funding of $12.3 million in the first half of 2026 limited net cash use over six months to $4.3 million, and an additional $1.0 million NRCan grant was received in July 2026.
Detailed engineering for the Candiac Demonstration Line expansion was 85% complete by mid-July 2026, on schedule and on budget, with commissioning targeted for the first half of 2027 and expected facility capacity of about 800 tonnes per year of LFP cathode active material.
Nano One (OTCQB: NNOMF) reported that detailed engineering for its lithium iron phosphate (LFP) capacity expansion at the Candiac facility is 85% complete as of mid-July 2026, with the project on schedule to lift total production capacity to approximately 800 tpa.
Major equipment purchase orders were completed in March 2026, with some deliveries received and remaining smaller-equipment orders expected by end of August 2026. About 95% of equipment by cost, including 100% of IP-sensitive equipment, is being sourced from Canada, the US and the EU. Commissioning of the expanded capacity is targeted for the first half of 2027. According to Nano One, approximately $24 million of contracted funding remains undrawn, together with working capital, to fund the project to completion, while the existing ~200 tpa line continues to support small-volume offtakes, commercial sales and product qualification.