Nano One Materia Stock Price, News & Analysis

Nano One Materials Corp. (OTCQB: NNOMF; TSX: NANO) is a process technology company focused on lithium‑ion battery cathode active materials (CAM). According to company disclosures, Nano One describes itself as a technology company changing how the world makes cathode active materials for lithium‑ion batteries, with applications in stationary energy storage systems (ESS), portable electronics, and electric vehicles (EVs).

The company’s core technology is its patented One‑Pot™ process for producing cathode materials, including lithium iron phosphate (LFP) and other chemistries such as NMC and LNMO. Nano One states that this process reduces costs, is easier to permit, and lowers energy intensity, environmental footprint, and reliance on problematic supply chains. The technology is positioned to support energy security, supply chain resilience, industrial competitiveness, and performance improvements in battery materials through process innovation.

Operations and Candiac Demonstration Facility

Nano One reports that LFP cathode materials production is being piloted and demonstrated at its facility in Candiac, Québec. This facility draws on an existing plant that has been retrofitted with the One‑Pot processing technology and a team with decades of commercial LFP manufacturing experience. The company explains that the Candiac site has been upgraded with 2,000‑litre One‑Pot pilot reactors with a production capacity of 200 tonnes per annum (tpa), used for process improvement and commercial sales validation, and to support preliminary commercial sales to the defense and battery energy storage systems (BESS) sectors.

The facility also includes 20,000‑litre reactors that are used in manually fed production runs to demonstrate One‑Pot enabled LFP cathode material made in full‑scale commercial equipment. In 2025, Nano One reported the successful installation and commissioning of a custom‑designed proprietary agitator in a commercial‑sized One‑Pot reactor at Candiac. The company states that this agitator has been engineered to enhance mixing dynamics, thermal transfer, and reaction time, and is estimated to increase throughput capacity by approximately 50% while improving consistency and quality of CAM output and reducing operating expenses (OPEX).

According to Nano One, the upgraded reactor design is representative of systems planned for future One‑Pot enabled commercial‑scale plants. The Candiac facility is described as a One‑Pot LFP demonstration production plant and a launch pad for growth, bridging customer validation, initial revenues, and demonstration of technology in production‑intent equipment to support future licensing opportunities. The company also notes that Candiac supports service revenues such as licensee operator training, continuous process improvements, and product enhancement.

Capacity Expansion and Scale‑Up Plans

Nano One has disclosed a capacity expansion plan at Candiac. A Front‑End Engineering & Design (FEED) study was completed to assess expansion to at least 800 tpa of cathode material, with a second stage targeting 1,000+ tpa. The first stage focuses on integrating and automating existing commercial‑scale equipment to demonstrate technology at commercial scale, while the second stage is intended to support anticipated customer ramp‑up and future sales, largely through investment in feedstock handling, automation, and integration with existing equipment.

The company reports that it has made a Financial Investment Decision (FID) to proceed with detailed engineering and procurement activities for this expansion. In parallel, Nano One plans to continue operating its pilot plant to support preliminary sales in the defense and BESS market segments and to support licensing opportunities. Demonstration in larger reactors is expected to continue via manually fed production runs, showcasing the same scale of One‑Pot reactors that Nano One envisions for larger plants.

Nano One states that these expansion activities are supported by government funding programs that cover both capital and operating expenditures over a multi‑year period. The company highlights a C$5 million non‑repayable contribution from Natural Resources Canada (NRCan) under the Energy Innovation Program to scale production of One‑Pot LFP CAM and accelerate commercialization, supporting work at facilities in Candiac, Québec and Burnaby, British Columbia.

Technology Focus and Intellectual Property

The company emphasizes a strong focus on intellectual property (IP). Nano One reports a portfolio of dozens of granted and pending patents across jurisdictions worldwide. Recent patents include technologies related to:

• LFP cathode materials – scalable synthesis methods for olivine‑structured lithium metal phosphate cathode active materials and methods using metal feedstocks.
• M2CAM® NMC technology – a One‑Pot sulfate‑free process for making lithium battery cathode materials.
• LNMO cathode materials – a high‑voltage spinel LNMO cathode made using the One‑Pot process and paired with an electrolyte for high durability.

Nano One states that these patents strengthen its independence from foreign‑controlled IP and enhance its technological position in a changing market for battery materials.

Strategic Collaborations and Partnerships

Nano One highlights strategic collaborations and partnerships as a key part of its business. The company reports collaborations with Sumitomo Metal Mining, Rio Tinto, and Worley, among others, to support a “design‑one‑build‑many” licensing growth strategy. This strategy is described as delivering cost‑competitive, easier‑to‑permit, and faster‑to‑market battery materials production solutions worldwide.

With Sumitomo Metal Mining (SMM), Nano One reports a strategic collaboration focused on LFP commercialization. SMM has confirmed Nano One as a key technology partner and, following development work, trials, economic modeling, and IP review, has expressed a high degree of confidence in Nano One’s One‑Pot LFP technology. The collaboration is being expanded to pursue LFP production opportunities with target strategic customers.

With Rio Tinto, Nano One describes an ongoing collaboration to pre‑qualify high‑volume battery‑grade lithium raw materials for the One‑Pot LFP CAM production process. The company outlines a staged qualification protocol from A‑sample (kilograms) through C‑sample (1–10 tonnes) prior to D‑samples in a commercial plant setting. By pre‑qualifying lithium carbonate from multiple Rio Tinto sites, Nano One aims to accelerate customer acceptance of its LFP product and de‑risk supply chains for prospective licensees.

Business Model and Licensing Strategy

Based on company statements, Nano One’s business model centers on process technology development, pilot‑scale production, and a licensing‑driven growth strategy. The company positions Candiac as a demonstration facility that supports:

• Pilot and demonstration of the One‑Pot LFP process in production‑intent equipment.
• Preliminary commercial sales in selected segments such as defense and BESS.
• Service revenues from training, process optimization, and product development for licensees.

Nano One describes its growth approach as design‑one‑build‑many, where a standardized process and plant design can be replicated by partners and licensees in multiple regions. The company also notes that it is working on bundling its One‑Pot process with pre‑qualified feedstocks from suppliers such as Rio Tinto to support partners, licensees, and customers.

Role in Battery Supply Chains

In its public communications, Nano One links its activities to broader efforts to build localized and resilient LFP supply chains in North America and allied regions. The company states that its technology and projects align with initiatives such as the G7 Critical Minerals Action Plan and policies aimed at reducing reliance on single‑country sources for critical minerals and battery materials. It also references participation in programs such as the Arkansas Lithium Technology Accelerator (ALTA), which is described as an accelerator for lithium and battery supply chain development.

Nano One reports that it has received funding from the Government of Canada, the Government of the United States, the Government of Québec, and the Government of British Columbia, as well as support from agencies including NRCan, NRC IRAP Clean Technology Program, Investissement Québec, Technoclimat, and the U.S. Department of Defense. These programs are described as supporting scale‑up, capacity expansion, product development, and commercialization of the One‑Pot LFP process.

Capital Markets and Funding Activities

Nano One’s shares trade on the Toronto Stock Exchange under the symbol NANO and on the U.S. OTCQB under the symbol NNOMF. The company has described several capital markets activities, including:

• An at‑the‑market (ATM) equity issuance program established via an equity distribution agreement, allowing the company to distribute common shares over time.
• An overnight marketed underwritten offering of units, each consisting of one common share and a fraction of a common share purchase warrant, with the common shares listed on the Toronto Stock Exchange.
• Use of proceeds directed toward research and business development, expansion of the Candiac facility, working capital, and general corporate purposes, as described in company press releases.

The company also notes that it has received reimbursements from government support programs and that additional government funding remains available to be claimed over a defined multi‑year period, supporting its runway and expansion plans.

Industry Classification

While some datasets may classify Nano One under traditional manufacturing categories, the company consistently describes itself as a process technology company specializing in lithium‑ion battery cathode active materials. Its activities span materials science, process engineering, pilot‑scale manufacturing, and licensing of proprietary production processes for cathode materials such as LFP, NMC, and LNMO.

FAQs about Nano One Materials Corp. (NNOMF)

• What does Nano One Materials Corp. do?
  Nano One states that it is a technology company changing how the world makes cathode active materials for lithium‑ion batteries. It focuses on developing and demonstrating its patented One‑Pot process for producing cathode materials such as LFP, with applications in ESS, portable electronics, and EVs.
• What is Nano One’s One‑Pot™ process?
  According to the company, the One‑Pot process is a patented method for making lithium‑ion battery cathode active materials. Nano One reports that this process reduces costs, is easier to permit, and lowers energy intensity, environmental footprint, and reliance on problematic supply chains compared with conventional methods.
• Where are Nano One’s operations located?
  Nano One reports that production is being piloted and demonstrated at a facility in Candiac, Québec, which has been retrofitted with One‑Pot reactors. The company also references work at a facility in Burnaby, British Columbia, supported by Canadian federal and provincial funding programs.
• Which battery chemistries does Nano One focus on?
  Company disclosures highlight a focus on lithium iron phosphate (LFP) cathode materials, along with intellectual property covering NMC and LNMO cathode chemistries. LFP is emphasized in relation to pilot production, commercialization plans, and collaborations.
• What is the role of the Candiac facility?
  Nano One describes the Candiac facility as a One‑Pot LFP demonstration production plant and launch pad for growth. It is used for pilot‑scale production, process improvement, commercial sales validation, preliminary sales to sectors such as defense and BESS, and for demonstrating production‑intent equipment to support licensing and service revenues.
• How is Nano One expanding its production capacity?
  The company reports completing a FEED study for expanding Candiac capacity from 200 tpa to at least 800 tpa, with a second stage targeting 1,000+ tpa. It has made a financial investment decision to proceed with detailed engineering and procurement, supported by government funding and its capital markets activities.
• Who are Nano One’s key strategic partners?
  Nano One highlights strategic collaborations with Sumitomo Metal Mining, Rio Tinto, and Worley. With SMM, it is advancing LFP commercialization. With Rio Tinto, it is pre‑qualifying lithium raw materials for its One‑Pot LFP process. These relationships support Nano One’s design‑one‑build‑many licensing strategy and regional supply chain development.
• How does Nano One participate in battery supply chain initiatives?
  The company links its work to initiatives such as the G7 Critical Minerals Action Plan and North American efforts to localize battery supply chains. It also notes participation in the Arkansas Lithium Technology Accelerator (ALTA), which is focused on lithium and battery supply chain development.
• What funding support has Nano One received from governments?
  Nano One reports funding from the Government of Canada, the Government of the United States, the Government of Québec, and the Government of British Columbia. Specific programs mentioned include NRCan’s Energy Innovation Program, NRC IRAP Clean Technology Program, Investissement Québec, Technoclimat, and U.S. Department of Defense funding.
• On which exchanges does Nano One trade and under what symbols?
  According to company press releases, Nano One’s common shares are listed on the Toronto Stock Exchange under the symbol NANO and trade on the U.S. OTCQB under the ticker NNOMF.