Feasibility study launched by Nano One for a new LFP production plant

Nano One Materials Corp., specializing in clean technologies, announces the start of the feasibility study for its first commercial lithium-iron-phosphate (LFP) production plant, with an announced capacity of 25,000 tonnes per year. The goal is to solidify future sales, raw material supply, and project financing. The engineering firm BBA was selected to conduct this study, reinforced by its past successful collaboration on the Candiac pilot plant.

The implementation of a hybrid business model, based on a “One design, many constructions” strategy, should enable rapid expansion in various jurisdictions. This approach aims to encourage the deployment of several production lines under license or by joint venture. Alex Holmes, Chief Operating Officer at Nano One, highlights the importance of this study in realizing the company's expansion plans.

In addition to optimizing the production chain, Nano One is engaging in discussions with government and strategic partners to refine its choice of potential sites in Quebec and Ontario, taking into account government incentives. This approach supports the vision of growth and the objective of aligning One-Pot technology with the requirements of emerging markets such as LFP, which is expected to experience strong growth in the coming years.

The company remains well capitalized and will proceed with a base shelf prospectus as part of its financing plan, allowing financial flexibility over 25 months with a potential fundraising of up to C$175 million. This step is presented as a prudent measure in the development of its activities.