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

Nano One Materials Corp., specialist in patented processes for the production of cathode materials for lithium-ion batteries, announces the start of a feasibility study (FEL 3) for its first commercial LFP plant, with an annual capacity of 25,000 tons. This study aims to support the company's hybrid business model for deploying its technology.

The company chose BBA to carry out this study, leveraging their expertise confirmed by the successful experience with the 200 tpa pilot. The project is part of Nano One's "Design-Once-Build-Many" growth strategy, aimed at adding shareholder value while strengthening licensing and joint venture plans. Several sites are being studied to allow for future expansion.

Progress at the Candiac pilot plant demonstrated the long-term viability and competitiveness of Nano One's One-Pot LFP technology. The company remains well capitalized and seeks to maximize opportunities for government support for commercial plant construction. A base prospectus will be filed, providing flexible and efficient access to the capital markets.

Dan Blondal, CEO of Nano One, highlights the importance of the One-Pot growth strategy and process to quickly address the LFP market, reduce costs and emissions, while adding value for partners and shareholders.