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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 (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.
Nano One (OTCQB:NNOMF, TSX:NANO) renewed its at-the-market equity program through an equity distribution agreement with Canaccord Genuity and Roth Canada.
The ATM allows issuance of up to C$20 million in common shares over just over two years, subject to TSX approval, to support operations, Candiac scale-up and commercialization.
Nano One (OTC:NNOMF) and alliance partner Worley Chemetics have completed a commercial-ready One-Pot™ LFP cathode active material (CAM) Package, meeting Nano One's first-half 2026 objective. The ISBL package includes process design, building layout, equipment specs, vendor quotes, and capital and operating cost estimates.
According to Nano One, prior analysis indicates the One-Pot process could enable at least 30% lower total invested capital, up to 30% lower operating costs, and use up to 80% less energy versus incumbent methods. A second hybrid sourcing configuration, adding Chinese vendors for non-IP-sensitive equipment, is targeted for completion in H2 2026. The alliance is supported by C$2.8 million in non-dilutive funding from Next Generation Manufacturing Canada.
Nano One (OTCQB:NNOMF) reported results of its 2026 Annual General Meeting. Shareholders approved all matters, including setting the board at five directors, electing all nominees, and appointing PricewaterhouseCoopers LLP as auditor.
A total of 31,229,523 shares, or 26.09% of outstanding shares, were represented, constituting quorum.
Nano One (OTCQB:NNOMF) announced a leadership transition and commercialization roadmap in a June 3, 2026 stakeholder letter. Founder Dan Blondal will support a smooth handover as Alex Holmes becomes CEO effective June 12, focusing on LFP cathode commercialization, operating discipline, and shareholder value.
According to Nano One, priorities include securing initial commercial LFP supply agreements for defence and energy‑storage customers by end‑2026, ramping deliveries in 2027 from its Candiac, Québec demonstration line (target capacity ~800 tonnes per year), and deepening partnerships with Sumitomo Metal Mining, Rio Tinto, governments, and supply‑chain partners.
Nano One (OTCQB:NNOMF) announced a planned leadership succession. Founder and CEO Dan Blondal will retire from his executive and Board roles effective June 12, 2026, continuing as an advisor. Alex Holmes, currently President and Chief Strategy Officer, becomes CEO and joins the Board on that date.
Nano One (NNOMF) reported its Q1 2026 financial position and upcoming AGM details. As of March 31, 2026, net assets were $22.1 million, working capital $22.3 million, and cash $23.0 million.
The company received $7.8 million in government funding in Q1, limiting net cash use to under $1.0 million, and had $25.3 million in undrawn government funding. The AGM is set for June 4, 2026 at 9:00 AM Pacific Time.
Nano One (OTCQB:NNOMF, TSX:NANO) appointed Jason Zandberg, CFA as Director of Capital Markets, effective May 7, 2026. Zandberg brings over 30 years of sell-side capital markets experience to support retail and institutional investor engagement, broaden analyst coverage, and expand outreach across Canada, the US and Europe. The announcement notes Zandberg currently advises Blackline Safety through a pending C$850 million acquisition.
Nano One (OTCQB:NNOMF) will receive an additional C$4.3 million non-repayable contribution from Natural Resources Canada under the Energy Innovation Program, bringing the total NRCan award to C$9.3 million. Funds reimburse DCS and MES installation, third-party engineering, and a feasibility study for large-scale One-Pot™ LFP production.
The expanded scope supports scale-up at Candiac from 200 tpa to a minimum of 800 tpa (flexible to 1,000+ tpa), supplier qualification, automotive traceability, and defence and BESS market readiness.
Nano One (OTCQB:NNOMF) reported Q4 2025 results and set 2026 commercialization objectives focused on LFP cathode active material (CAM) commercialization and licensing. Key figures include $23.6M cash, $22.5M net assets, and $10.0M gross proceeds from 2025 equity financings. The company was awarded $12.31M from NRCan and is targeting initial commercial LFP supply agreements by end-2026, a commercial-ready One-Pot LFP CAM Package with Worley in H1 2026, and ~800 tpa commissioned capacity at Candiac in H1 2027.