Volatus Aerospace and VoltaXplore Sign LOI for Canadian-Made Battery Supply to Power Next-Gen Drones

Rhea-AI Summary

Volatus Aerospace (TSXV: FLT, OTCQB: TAKOF) has signed a Letter of Intent (LOI) with VoltaXplore, a subsidiary of NanoXplore Inc., for the supply of Canadian-made lithium-ion battery cells for next-generation drones. The partnership aims to strengthen domestic supply chain capabilities and enhance drone performance through advanced battery technology.

The agreement will utilize VoltaXplore's 1 MWh Montreal facility to produce silicon-dominant battery cells offering improved endurance, faster charging, and enhanced cold-weather performance. This strategic collaboration supports Canada's initiative to build domestic industrial capabilities in aerospace, critical minerals, and defense sectors while reducing reliance on external energy storage sources.

Positive

• Strategic partnership secures domestic battery supply chain for drone manufacturing
• Advanced battery technology promises improved drone performance and capabilities
• Alignment with government initiatives for domestic aerospace and defense capabilities
• Potential for market expansion in civil, defense, and Arctic surveillance sectors

Negative

• Agreement is currently only a Letter of Intent, pending final supply agreement
• Production capacity limited to existing 1 MWh Montreal facility initially

MONTREAL, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQB: TAKOF) (FSE: ABB.F), a Canadian leader in aerial intelligence and unmanned aircraft systems, and VoltaXplore Inc., a high-performance lithium-ion battery manufacturer and subsidiary of NanoXplore Inc. (TSX: GRA) (OTCQX: NNXPF), are pleased to announce the signing of a Letter of Intent (the “LOI”) for the future supply of Canadian-made lithium-ion battery cells to power Volatus’ next-generation drones.

This strategic agreement strengthens Volatus’ product differentiation and supply chain security while positioning both companies for growth across civil, defense, and Arctic surveillance markets. By securing a domestic source of advanced, silicon-dominant battery cells, Volatus strengthens domestic sourcing and supply management, enhances technological self-reliance, and aligns with anticipated federal investments in Canadian manufacturing capacity.

For VoltaXplore, the agreement opens a new aerospace market vertical, complementing its existing presence in electric mobility and energy storage, and supports NanoXplore’s long-term growth strategy.

Upon the finalization of mutually agreeable formal supply agreement, VoltaXplore will allocate production capacity from its 1 MWh Montréal facility, operational since 2022, to supply Volatus with advanced battery cells engineered and manufactured in Canada. These high-performance cells will deliver increased endurance, faster charging, and improved cold-weather performance for Volatus’ UAV platforms. This partnership strengthens Canada’s domestic supply chain, from critical materials to finished aerospace products, while ensuring greater resilience and reducing reliance on external energy storage sources.

The announcement comes as the Government of Canada emphasizes building homegrown industrial capabilities in aerospace, critical minerals, and defense. By linking a Canadian drone OEM with a Canadian battery cell supplier, the Volatus–VoltaXplore collaboration directly supports this vision, spurring innovation, creating skilled jobs, and strengthening national resilience.

Glen Lynch, CEO of Volatus Aerospace, stated:
“Volatus is proud to partner with VoltaXplore to secure a 100% Canadian supply of next-generation batteries for our UAV platforms. Incorporating VoltaXplore’s silicon-dominant cells will give our drones greater endurance, faster charging, and reliable performance in even the most extreme environments, from summer heat to the cold Arctic tundra. Just as importantly, this partnership ensures the entire value chain, from advanced materials to finished aircraft, remains in Canada, building domestic aerospace capacity and strengthening our defense industrial base.”

Dr. Soroush Nazarpour, President & CEO of NanoXplore Inc., added:
“This LOI is a milestone in bringing Made-in-Canada battery technology to the forefront of aerospace innovation. VoltaXplore was created to leverage NanoXplore’s graphene technology in high-performance lithium-ion cells, and we’re excited to apply that expertise to Volatus’s next-generation drones. From border surveillance to Arctic security, we’re building a Canadian supply chain that serves both civil and defense missions while driving economic growth here at home.”

Initial deliveries will come from VoltaXplore’s Montreal facility, with future capacity expansion aligned with Volatus’s new platform development timeline.

About Volatus Aerospace Inc.
With more than a century of combined aviation expertise, Volatus Aerospace delivers innovative aerial solutions for intelligence, surveillance, and cargo, utilizing both piloted and remotely piloted aircraft (RPAS/drones). Volatus provides a complete ecosystem of aerial services, including operations, equipment sales, training, and mission support, helping industries integrate aerial capabilities safely, efficiently, and sustainably.

About NanoXplore

NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in transportation and industrial markets. Also, the Corporation provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. The Corporation is also a silicon‑graphene-enhanced Li-ion battery manufacturer for the Electric Vehicle and grid storage markets. NanoXplore is headquartered in Montreal, Quebec with manufacturing facilities in Canada, the United States and Europe.

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. All forward-looking statements are based on our beliefs as well as assumptions based on information available at the time the assumption was made and on management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors deemed appropriate in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Forward-looking statements are not facts, but only predications and can generally be identified by the use of statements that include phrases such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “foresee”, “grow”, “expect”, “plan”, “intend”, “forecast”, “future”, “guidance”, “may”, “predict”, “project”, “should”, “strategy”, “target”, “will” or similar expressions suggesting future outcomes.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Such forward-looking information necessarily involves known and unknown risks and uncertainties, including the relevant assumptions and risks factors set out in NanoXplore’s most recent annual management discussion and analysis filed on SEDAR+ at www.sedarplus.ca, which may cause NanoXplore’s actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy, notably as a consequence of the Covid-19 pandemic. Any forward-looking information is made as of the date hereof and, except as required by law, NanoXplore does not undertake any obligation to update or revise any forward–looking statement as a result of new information, subsequent events or otherwise.

Forward-looking statements reflect management's current beliefs, expectations and assumptions and are based on information currently available to management. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated by such statements.

No securities regulatory authority has either approved or disapproved the contents of this press release.

For further information, please contact:

Pierre Yves Terrisse
Vice-President Corporate Development – NanoXplore Inc.
py.terrisse@nanoxplore.ca
Tel: 1 438 476-1965

Abhinav Singhvi
CFO – Volatus Aerospace Inc.
Abhinav.singhvi@volatusaerospace.com
+1 833 865-2887

FAQ

What is the partnership between Volatus Aerospace and VoltaXplore?

Volatus Aerospace has signed an LOI with VoltaXplore to supply Canadian-made lithium-ion battery cells for their next-generation drones, utilizing VoltaXplore's 1 MWh Montreal facility.

How will the new batteries improve Volatus Aerospace (TAKOF) drone performance?

The silicon-dominant battery cells will provide increased endurance, faster charging, and improved cold-weather performance for Volatus' UAV platforms.

What markets will Volatus Aerospace target with these enhanced drones?

Volatus will target civil, defense, and Arctic surveillance markets with their enhanced drone platforms.

Where will VoltaXplore manufacture the batteries for Volatus Aerospace?

The batteries will be manufactured at VoltaXplore's 1 MWh Montreal facility, which has been operational since 2022.

How does this partnership align with Canadian government initiatives?

The partnership supports Canada's focus on building domestic industrial capabilities in aerospace, critical minerals, and defense, while strengthening the national supply chain.