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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 (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.
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.