Canadian Government Grants Nano One C$5 Million for Battery Innovation

Vancouver-based Nano One Materials Corp has received a C$5 million contribution from Natural Resources Canada. The funding aims to scale production of One-Pot lithium iron phosphate (LFP) and expedite commercialization efforts. This move supports Nano One's expansion at its Candiac facility in Québec, focusing on developing LFP cathode materials for various applications, including energy storage, defense, and electric vehicles (EVs). The Canadian government emphasizes its commitment to fostering sustainable supply chains in the battery sector.

The Candiac facility will serve as a demonstration site for Nano One's growth, bridging customer validation and potential future licensing opportunities. Collaborations, such as with Sumitomo Metal Mining, will bring technical expertise. The project aligns with larger efforts to strengthen North America's battery supply chains and is backed by multiple international and local funding sources. The funding will cover expansion-related expenditures, positioning Canada as a key LFP supplier.