Clean tech company Nano One Materials Corp. (TSX:NANO) (OTC:NNOMF) has developed a patented, scalable, low-carbon industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicles (EVs), energy storage, consumer electronics, and next-generation batteries to contribute to the global push towards a zero-emission future.
Nano One has continued to advance and test its technology and has also signed a number of partnerships and technical initiatives with global automotive OEMs, upstream mining companies and global chemical companies.
On May 31, Nano One Materials (TSX:NANO) (OTC:NNOMF) announced that it has signed a Joint Development Agreement (JDA) with BASF, a globally active chemical company with extensive experience in developing and manufacturing battery materials. Under the JDA, the companies will jointly develop a process with reduced by-products for the commercial production of next-generation cathode active materials (CAMs), based on BASF’s HEDTM family of advanced CAMs and using the One-Pot process. Nano One‘s patented and metal direct to CAM (M2CAM®) technologies.
BASF has a family of CAM products well suited to the evolving batteries in automotive drivetrains and has a proven track record of developing these products in collaboration with others. Nano One and BASF will also use the M2CAM® process for greater flexibility in terms of manufacturing approach and performance of the resulting product, reduced energy consumption, and environmental footprint.
The joint development plan has different phases and stages and is the result of the evaluation of Nano One’s processes and products. The signing of the JDA represents an important milestone in the business relationship between BASF and Nano One.
“BASF is a global leader in chemistry and high performance lithium-ion battery cathode materials, and we are proud to be forging new ground with them to improve performance, cost and environmental footprint for CAM production,” said Nano One CEO Dan Blondal. “There is a tremendous opportunity to jointly differentiate the production processes and products for a more resilient and sustainable supply chain. We look forward to advancing this partnership.”
Dr. Heiko Urtel, Vice President Global R&D Battery Materials, BASF SE, added, “Nano One has an advanced technology with the potential to improve the product performance of our high-performance cathode active materials and to further simplify the synthesis of battery materials . We are looking forward to building a collaborative working relationship and advancing the business opportunities for our next-generation cathode active materials.”
Nano One to Acquire Johnson Matthey Battery Materials
On May 25, Nano One Materials (TSX:NANO) (OTC:NNOMF)announced it has signed a deal to acquire Johnson Matthey (JM) Battery Materials Ltd. (JMBM Canada) for approximately C$10.25 million.
The JMBM Canada team has over 360 years of collective experience in R&D, pilot and commercial scale cathode production and product qualification, and quality assurance systems expertise for manufacturers of Tier 1 automotive lithium-ion cells. JMBM Canada also includes a 2,400 tonne per year LFP production plant located in Candiac, Quebec, occupying approximately one-tenth of the 400,000 square foot property.
In 2015, Johnson Matthey acquired the Candiac production facility, which was in operation since 2012. It is a supplier of lithium iron phosphate (LFP) cathode materials to the lithium-ion battery industry for automotive and non-automotive applications for a selection of customer groups.
Liam Condon, Chief Executive of Johnson Matthey, says: “We have worked with Nano One on a number of projects over the last year and having seen their innovations, we believe they have the potential to develop the Candiac site in the best way possible. We remain at the Candiac site until the end of the year and are fully committed to serving the needs of our customers.”
Nano One also recently provided a company update, revealing that it has approximately $48.6 million in working capital and approximately $48.7 million in cash, healthy cash to execute its business strategy.
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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Nano One Materials Corp’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Nano One Materials Corp’s industry; (b) market opportunity; (c) Nano One Materials Corp’s business plans and strategies; (d) services that Nano One Materials Corp. intends to offer; (e) Nano One Materials Corp’s milestone projections and targets; (f) Nano One Materials Corp’s expectations regarding receipt of approval for regulatory applications; (g) Nano One Materials Corp’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Nano One Materials Corp’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Nano One Materials Corp’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Nano One Materials Corp’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Nano One Materials Corp’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Nano One Materials Corp’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Nano One Materials Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Nano One Materials Corp’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Nano One Materials Corp’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Nano One Materials Corp’s business operations (e) Nano One Materials Corp. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, Nano One Materials Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Nano One Materials Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Nano One Materials Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Nano One Materials Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Nano One Materials Corp. or such entities and are not necessarily indicative of future performance of Nano One Materials Corp. or such entities.
