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on Nano One Materials Corp. (NASDAQ:NNOMF)

Nano One Announces Q1 2025 Financial Results and AGM Details

Nano One Materials Corp. has reported their Q1 2025 financial results, revealing total net assets of $25.5 million, including $26.5 million from non-dilutive funding. This funding was bolstered by a sale and leaseback transaction that concluded with net proceeds of $13.7 million alongside a $2.0 million deferred payment. The company also received $0.3 million from NGen post-Q1.

The results reflect a net income of $2.7 million, driven by government grants and gains from the sale and leaseback transaction. The company’s assets expanded with a $2.0 million vendor loan from the sale and leaseback, while liabilities included a $13.8 million lease liability. Additionally, Nano One is set to hold its Annual General Meeting on May 23, 2025, emphasizing the importance of shareholder participation.

R. P.

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