Nano One Materia Stock Price, News & Analysis

Nano One has signed a Joint Development Agreement (JDA) with Umicore to enhance the production of high nickel NMC cathode active materials for lithium-ion batteries. This partnership aims to leverage Nano One's patented M2CAM technology to boost throughput and reduce costs and environmental impact. With a focus on securing resilient supply chains, both companies are committed to innovating for a sustainable future. The JDA will evaluate the integration of these technologies across various phases, supporting the goal of reducing carbon footprints in CAM production.

Nano One Materials Corp (NNOMF) reported its Q3 2022 results, highlighting a working capital of ~$45.8 million and cash of ~$45.9 million. The company received ~$1.8 million in government funding and granted two additional patents, marking significant progress in its clean technology for lithium-ion battery materials. The financial statements reveal total assets of ~$59.1 million and total liabilities of ~$1.3 million. Notably, the company demonstrated cathode materials from electrolytic manganese metal, reinforcing its commitment to sustainable sourcing and reduced environmental impact.

Nano One Materials Corp completed the acquisition of Johnson Matthey Battery Materials Ltd for C$10.25 million, fully funded by existing cash reserves. This deal enhances Nano One's strategy in LFP battery materials and secures a North American LFP production facility with a dedicated team experienced in commercialization. Newly appointed Chief Commercialization Officer Denis Geoffroy aims to leverage the combined expertise to drive growth. With ongoing integration activities and plans for trials on patented technology, the company is positioned to meet demand in the electric vehicle market.

Nano One Materials Corp. (OTC PINK:NNOMF) and Euro Manganese Inc. have achieved a significant milestone in developing cathode materials directly from electrolytic manganese metal using Nano One's patented One-Pot Process. This collaboration focuses on economically viable and environmentally sustainable applications for high-purity electrolytic manganese metal sourced from Euro Manganese's Chvaletice Manganese Project in the Czech Republic. The results support battery manufacturing demands in Europe and North America, aiming for lower costs and reduced environmental impact.

Nano One Materials Corp announced the granting of two patents in Japan and secured approximately C$1.8 million in contributions from SDTC and BC-ICE for its Scaling Advanced Battery Materials project. This financial support signifies strong endorsement of the company's growth and technology advancements. With a 60% increase in team size and strategic partnerships with industry leaders like Rio Tinto and BASF, Nano One is poised to enhance its intellectual property portfolio. The new patents relate to advanced lithium-ion battery materials, bringing the total to 24 granted patents.

Nano One Materials Corp (NNOMF) reported the results of its annual general meeting held on August 2, 2022, with 24,138,258 common shares represented, equating to 25.25% of total shares. All proposals were approved, including an increase in the number of directors to seven, their election, and the appointment of Davidson & Company LLP as auditors. The company focuses on clean technology for lithium-ion battery materials, with ongoing support from Sustainable Development Technology Canada and the Innovative Clean Energy Fund.

Nano One Materials Corp. (NNOMF) announced the adjournment of its 2022 annual general meeting due to insufficient quorum.

The meeting is rescheduled for August 2, 2022. Many shareholders reported not receiving proxy materials, affecting their ability to vote.

Shareholders can still vote until 8:00 a.m. on August 2, and the meeting will be broadcast via a teleconference for those unable to attend in person. Nano One specializes in low-cost production of high-performance cathode materials for lithium-ion batteries.

Nano One Materials Corp. (NNOMF) is hosting a webcast presentation today at 2:00 PM Pacific Time. The event will feature a corporate update and a Q&A session with the management team. Nano One specializes in clean technology for producing high-performance lithium-ion battery cathode materials efficiently and sustainably. Their patented processes aim to reduce costs and the environmental footprint of battery materials, supporting various applications, including electric vehicles and energy storage. Details for joining the webcast are available on their website.

Nano One Materials Corp will hold its annual general meeting (AGM) on July 26, 2022, at 1:30 PM Pacific Time. After the AGM, a live presentation and Q&A session will take place starting at 2:00 PM. Shareholders have been sent materials for the AGM, with voting required by 1:30 PM on July 22, 2022. The meeting aims to update shareholders on company developments and encourage participation via webcast. Nano One specializes in low-cost, low-environmental footprint production of high-performance lithium-ion battery materials.