- Nano One (NANO) is working with Euro Manganese (EMN) to develop manganese products for lithium-ion battery cathode materials
- Euro Manganese will develop products using manganese sourced from its proposed Chvaletice manganese project
- Nano One will use these products to produce cathode materials for lithium-ion batteries
- Nano One (NANO), a clean technology company, is down 5.96 per cent, trading at $3.63 per share
- Euro Manganese (EMN), a battery materials company, is up 5.38 per cent, trading at $0.49 per share
Nano One (NANO) is working with Euro Manganese (EMN) to develop manganese products for lithium-ion battery cathode materials.
With the rapid rise in demand for high-purity manganese products, this partnership comes at an opportune time for both companies.
The two companies will work together to develop an economically viable and environmentally sustainable application for high-purity manganese.
Over the course of the partnership, Euro Manganese will develop products using manganese sourced from its proposed Chvaletice manganese project.
These products will then be used to produce cathode materials, including LNMO (lithium nickel manganese oxide) and nickel rich NMC (lithium nickel manganese cobalt oxide), using Nano One’s patented One-Pot, M2CAM, and coated nanocrystal technologies.
Dan Blondal, Nano One CEO, commented,
“Our LNMO is unique, differentiated and well positioned to address the automotive industry’s recent interest in manganese rich batteries and our coated nanocrystal NMC is targeting demand for increased durability in long range battery applications.”
LNMO delivers energy and power on par with NMC and is more cost effective because it is manganese rich, cobalt free, low in nickel and does not require excess lithium.
“We are delighted to be working with Nano One,” said Euro Manganese CEO Marco Romero. “We look forward to a day when our manganese and Nano One’s cathode materials are an integral part of the world’s battery supply chain and helping drive the electrification of mobility.”
Nano One is a clean technology company with a patented and scalable industrial process for the production of low-cost, high-performance cathode powders used in lithium-ion batteries.
Euro Manganese is a battery materials company whose principal focus is advancing the development of the Chvaletice manganese project.
Nano One (NANO) is down 5.96 per cent, trading at $3.63 per share.
Euro Manganese (EMN) is up 5.38 per cent, trading at $0.49 per share as of 2:26 pm ET.
