In a recent InvestorNews interview, host Brandon Colwell spoke with Dan Blondal, Founder, CEO, and Director of Nano One Materials Corp. (TSX: NANO), about Nano One’s collaboration agreement and $16.9 million strategic investment from Sumitomo Metal Mining. Dan emphasized the importance of this partnership, highlighting Sumitomo’s position as one of the world’s leading vertically integrated miner, refiner and producer of cathode active materials.
Dan goes on to explain the uniqueness of Nano One’s One-Pot process, which eliminates the need for chemical intermediates and Sulphate waste streams when producing cathode active materials. Dan discusses how this eco-friendly and simplified approach has garnered the interest of major players like Sumitomo and Rio Tinto, as well as OEMs looking to streamline their supply chains and reduce environmental impact.
Dan outlined their plans to focus on their operations in Candiac, Quebec, where they acquired Johnson Matthey’s lithium iron phosphate (LFP) facility. Dan discusses how the experienced team there, along with the one-pot process, positions Nano One to supply the automotive industry efficiently and sustainably. Dan further adds that Sumitomo’s equity investment will help drive piloting and process improvement, fostering integration with Sumitomo’s LFP ambitions worldwide.
Dan discusses how LFP will play a pivotal role in the mass adoption of electric vehicles, as it offers lower cost and improved cyclability, making it a suitable choice for affordable, smaller batteries. He pointed out that China’s LFP market share is already significant, and this trend is expected to extend globally, driven by the mass-market electric vehicle and energy storage sectors.
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About Nano One Materials Corp.
Nano One Materials Corp. (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. With strategic collaborations and partnerships, including automotive OEMs and strategic industry supply chain companies like BASF, Umicore and Rio Tinto. Nano One’s technology is applicable to electric vehicles, energy storage, and consumer electronics, reducing costs and carbon intensity while improving environmental impact. Nano One aims to pilot and demonstrate its technology as turn-key production solutions for license, joint venture, and independent production opportunities, leveraging Canadian talent and critical minerals for emerging markets in North America, Europe, and the Indo-Pacific region. Nano One has received funding from SDTC and the Governments of Canada and British Columbia.
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This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.
This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.
Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.
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