Nano One Reports Q1 2025 Results, Summarizes Activities and Reminds Shareholders of Upcoming AGM
Nano One Materials Corp (NNOMF) has reported its Q1 2025 financial results, highlighting a strong financial position with total net assets of $25.5 million. The company secured significant non-dilutive funding of $26.5 million in Q1, including $13.7 million from a sale and leaseback transaction and $12.8 million from government programs.
The company reported a net income of $2.7 million for Q1 2025, driven by government grants and gains from the sale-leaseback transaction. Cash and cash equivalents stood at $27.8 million, with approximately $29.0 million remaining in government program reimbursements to be claimed over the next two years. The company's Annual General Meeting is scheduled for May 23, 2025.
Nano One Materials Corp (NNOMF) ha comunicato i risultati finanziari del primo trimestre 2025, evidenziando una solida posizione finanziaria con un patrimonio netto totale di 25,5 milioni di dollari. L'azienda ha ottenuto un significativo finanziamento non diluitivo di 26,5 milioni di dollari nel primo trimestre, comprendente 13,7 milioni di dollari derivanti da un'operazione di vendita e leasing e 12,8 milioni di dollari da programmi governativi.
La società ha registrato un utile netto di 2,7 milioni di dollari nel primo trimestre 2025, sostenuto da sovvenzioni governative e profitti derivanti dall'operazione di vendita e leasing. La liquidità e le disponibilità liquide ammontavano a 27,8 milioni di dollari, con circa 29,0 milioni di dollari di rimborsi da programmi governativi ancora da richiedere nei prossimi due anni. L'assemblea generale annuale della società è prevista per il 23 maggio 2025.
Nano One Materials Corp (NNOMF) ha informado sus resultados financieros del primer trimestre de 2025, destacando una posición financiera sólida con activos netos totales de 25,5 millones de dólares. La empresa aseguró una financiación significativa no dilutiva de 26,5 millones de dólares en el primer trimestre, incluyendo 13,7 millones de dólares provenientes de una transacción de venta y arrendamiento y 12,8 millones de dólares de programas gubernamentales.
La compañía reportó un ingreso neto de 2,7 millones de dólares para el primer trimestre de 2025, impulsado por subvenciones gubernamentales y ganancias de la transacción de venta y arrendamiento. El efectivo y equivalentes de efectivo se situaron en 27,8 millones de dólares, con aproximadamente 29,0 millones de dólares en reembolsos de programas gubernamentales pendientes de reclamar durante los próximos dos años. La junta general anual de la empresa está programada para el 23 de mayo de 2025.
Nano One Materials Corp (NNOMF)가 2025년 1분기 재무 결과를 발표하며 총 순자산 2,550만 달러로 견고한 재무 상태를 강조했습니다. 회사는 1분기에 2,650만 달러의 희석 없는 자금을 확보했으며, 이 중 1,370만 달러는 매각 후 리스백 거래에서, 1,280만 달러는 정부 프로그램에서 나왔습니다.
회사는 정부 보조금과 매각 후 리스백 거래에서 발생한 이익으로 인해 2025년 1분기 270만 달러의 순이익을 보고했습니다. 현금 및 현금성 자산은 2,780만 달러였으며, 앞으로 2년간 청구할 수 있는 정부 프로그램 환급금이 약 2,900만 달러 남아 있습니다. 회사의 연례 주주총회는 2025년 5월 23일에 예정되어 있습니다.
Nano One Materials Corp (NNOMF) a publié ses résultats financiers du premier trimestre 2025, mettant en avant une solide position financière avec un actif net total de 25,5 millions de dollars. La société a obtenu un financement non dilutif important de 26,5 millions de dollars au premier trimestre, comprenant 13,7 millions de dollars issus d'une opération de vente et de crédit-bail et 12,8 millions de dollars provenant de programmes gouvernementaux.
La société a déclaré un revenu net de 2,7 millions de dollars pour le premier trimestre 2025, soutenu par des subventions gouvernementales et des gains issus de l'opération de vente et crédit-bail. La trésorerie et les équivalents de trésorerie s'élevaient à 27,8 millions de dollars, avec environ 29,0 millions de dollars de remboursements de programmes gouvernementaux restant à réclamer au cours des deux prochaines années. L'assemblée générale annuelle de la société est prévue pour le 23 mai 2025.
Nano One Materials Corp (NNOMF) hat seine Finanzergebnisse für das erste Quartal 2025 veröffentlicht und dabei eine starke finanzielle Position mit einem Gesamtvermögen von 25,5 Millionen US-Dollar hervorgehoben. Das Unternehmen sicherte sich im ersten Quartal eine bedeutende nicht verwässernde Finanzierung in Höhe von 26,5 Millionen US-Dollar, darunter 13,7 Millionen US-Dollar aus einem Sale-and-Leaseback-Geschäft und 12,8 Millionen US-Dollar aus Regierungsprogrammen.
Das Unternehmen meldete für das erste Quartal 2025 einen Nettoertrag von 2,7 Millionen US-Dollar, der durch staatliche Zuschüsse und Gewinne aus dem Sale-and-Leaseback-Geschäft angetrieben wurde. Die liquiden Mittel beliefen sich auf 27,8 Millionen US-Dollar, wobei etwa 29,0 Millionen US-Dollar an Rückerstattungen aus Regierungsprogrammen in den nächsten zwei Jahren noch geltend gemacht werden können. Die Jahreshauptversammlung des Unternehmens ist für den 23. Mai 2025 geplant.
- Secured $26.5 million in non-dilutive funding in Q1 2025
- Reported net income of $2.7 million in Q1 2025
- Strong cash position with $27.8 million in cash and cash equivalents
- Additional $29.0 million in government reimbursements available over next two years
- Successfully completed sale-leaseback transaction generating $13.7 million in net proceeds
- New $13.8 million lease liability from sale-leaseback transaction
- Added $2.8 million government loan to be repaid after 5-year moratorium
Q1 2025 Results and Subsequent Events
Total net assets of
$25.5 million as at Q1 2025, including$26.5 million in non-dilutive funding received in Q1 2025 between sale and leaseback and government programs.
Sale and leaseback transaction closes and generates net proceeds of
$13.7 million , plus a$2.0 million deferred payment via vendor loan receivable.
$0.3 million received subsequent to Q1 2025 from NGen.
AGM on May 23, 2025 followed by corporate presentation and Q&A. Reminder to vote by May 21, 2025.
VANCOUVER, BC / ACCESS Newswire / May 14, 2025 / Nano One® Materials Corp. ("Nano One" or the "Company"), a process technology company specializing in lithium-ion battery cathode active materials has filed its condensed interim consolidated financial statements (the "financial statements"), and management's discussion & analysis ("MD&A") as at and for the three months ended March 31, 2025 ("Q1 2025") and is pleased to provide a summary and an update on subsequent events.
Q1 2025 - Financial Position and Subsequent Funding
As at March 31, 2025, the Company's total net assets and working capital were
In Q1 2025, total proceeds of
The Company reported net income of
Total assets includes the initial recognition of a
Total liabilities includes the initial recognition of a
Sale and leaseback transaction
On February 28, 2025, the transaction to sell and leaseback the building and land at the Company's Candiac Facility closed for net consideration of approximately
For a more detailed discussion of Nano One's Q1 2025 interim results, please refer to the Company's financial statements, and MD&A, which are available at www.sedarplus.ca .
AGM
The Annual General Meeting (AMG) of the shareholders of Nano One Materials Corp. will be held on Friday, May 23, 2025, at 9:00 AM PST. Shareholder voting closes at 9:00 AM PST on May 21, 2025. To vote by proxy, please follow the instructions included in your meeting materials. Shareholders who wish to join the AGM are invited to call-in. Nano One will host a corporate presentation and Q&A session immediately following the AGM. To better facilitate participation, a Zoom meeting link is provided at https://nanoone.ca/investors/agm/ .
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About Nano One®
Nano One® Materials Corp. (Nano One) is a technology company changing how the world makes cathode active materials for lithium-ion batteries. Applications include stationary energy storage systems (ESS), portable electronics, and electric vehicles (EVs). The Company's patented One-Pot process reduces costs, is easier-to permit, lowers energy intensity, environmental footprint, and reliance on problematic supply chains. The Company is helping to drive energy security, supply chain resilience, industrial competitiveness and increased performance through process innovation. Scalability is proven and being demonstrated at Nano One's LFP (lithium-iron-phosphate) pilot production plant in Québec-leveraging the only facility and expertise of its kind outside of Asia. Strategic collaborations and partnerships with international companies like Sumitomo Metal Mining, Rio Tinto, and Worley are supporting a design-one-build-many licensing growth strategy-delivering cost-competitive, easier-to-permit and faster-to-market battery materials production solutions world-wide. Nano One has received funding from the Government of Canada, the Government of the United States, the Government of Québec, and the Government of British Columbia. For more information, please visit www.nanoone.ca
Company Contact:
Paul Guedes
info@nanoone.ca
(604) 420-2041
Cautionary Notes and Forward-looking Statements
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: LFP production, joint ventures, contracted projects, revenue generation, operational growth, licensing, government funding, the development of technology, supply chains, and plans for construction and operation of cathode production facilities and Development Project; the Company's current and future business and strategies; estimated future working capital, funds available, and uses of funds, future capital expenditures and other expenses for commercial operations; industry demand; incurrence of costs; competitive conditions; general economic conditions; the intention to grow the business, operations and potential activities of the Company; the functions and intended benefits of Nano One's technology and products; the development and optimization of the Company's technology and products; prospective partnerships and the anticipated benefits of the Company's partnerships; the Company's licensing and, the scalability of developed technology to meet expanded capacity; and the execution of the Company's stated plans - which are contingent on access to capital and grants. 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' 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 Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: general and global economic and regulatory changes; next steps and timely execution of the Company's business plans; the development of technology, supply chains, and plans for construction and operation of cathode production facilities; successful current or future collaborations that may happen with OEM's, miners or others; the execution of the Company's plans which are contingent on capital sources; the Company's ability to achieve its stated goals; the commercialization of the Company's technology and patents via license, joint venture and independent production; anticipated global demand and projected growth for LFP batteries; and other risk factors as identified in Nano One's MD&A and its Annual Information Form dated March 25, 2025, both for the year ended December 31, 2024, and in recent securities filings for the Company which are available at www.sedarplus.ca. Although management of the Company 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. The Company 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.
SOURCE: Nano One Materials Corp.
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