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 Materials Corp has secured a US$10M strategic equity investment from Rio Tinto. This partnership aims to advance Nano One's cathode manufacturing technologies, enhancing their multi-cathode commercialization strategy. The investment will support the development of Nano One’s facility in Candiac, Quebec, and aid in producing cleaner battery materials. Following the deal, Rio Tinto will hold approximately 4.9% of Nano One's shares. This collaboration aligns with Canada's Mines-to-Mobility initiative, facilitating a localized battery ecosystem.
Nano One Materials Corp. has announced a joint development agreement (JDA) with BASF SE to co-develop advanced cathode active materials (CAM) using Nano One's patented M2CAM® process. This agreement aims to reduce by-products and improve manufacturing efficiency. It includes a comprehensive commercialization study for various production phases. The partnership is seen as a significant milestone, with both companies expressing optimism about enhancing battery performance and environmental sustainability. Nano One is focused on low-carbon, high-performance battery materials.
Nano One Materials Corp. has announced a definitive agreement to acquire Johnson Matthey Battery Materials Ltd. for approximately C$10.25 million. This acquisition includes the team and facilities, significantly enhancing Nano One's capabilities in supplying cathode materials for automotive applications. The Candiac facility, operational since 2012, has a production capacity of 2,400 tonnes per annum of lithium iron phosphate (LFP) material. The deal is expected to close by the end of 2022, reinforcing Nano One's strategic position in the battery materials sector.