- Nano One Materials (NANO) is shifting directions for its lithium iron phosphate (LFP) production
- After focusing its efforts in China, Nano One is now returning to its Canadian roots
- Eventually, the company plans to expand into the North American and European lithium-ion battery markets
- The company has ended its joint development activities with Puleaad Technology Industry
- Nano One is a clean technology company
- Shares in Nano One (NANO) are down 5.83 per cent, trading with $4.52 per share
Nano One Materials (NANO) is shifting directions for its lithium iron phosphate (LFP) production and invests in the North American clean energy market.
The company’s CEO, Dan Blondal, commented on the UN Climate Change Conference, COP26, which is taking place in Glasgow this week.
“Nano One commends global leaders at COP26 for renewing and energizing their commitment to tackle climate change and the 1.5°C goal,” he said, adding that “Nano One is committed to creating jobs and a clean energy economy locally and with those nations collaborating and actively participating in COP26.”
After focusing its efforts in China, Nano One is now returning to its Canadian roots as it shifts to North American and European battery metal supply chains.
“If we are to build a fully integrated and resilient battery supply chain here in North America,” said Mr. Blondal, “it must include responsible mining of battery metals, onshore refining, environmentally favourable cathode material production, and recycling.”
“Canada has clean energy assets, responsibly sourced critical minerals and a rich history in LFP technology and manufacturing,” he added.
As the company begins this process, it has ended its joint development activities with Puleaad Technology Industry and has joined Accelerate, Canada’s zero-emission vehicle supply chain alliance.
“Accelerate members, like Nano One, are crucial to ensuring Canada transitions from its industrial past to its industrial future,” said Matthew Fortier, Accelerate CEO.
Launched in 2021, Accelerate is working with its members across the supply chain to create an industrial road map to ensure the growth and stability of Canada’s zero-emission vehicle market.
Nano One’s patented One-Pot process and metal-direct-to-cathode technology (M2CAM) facilitate the production of LFP, nickel-rich (NMC), and manganese-rich (LNMO) lithium-ion battery cathode materials directly from low-cost and low-GHG intensity battery metals.
The technology is applicable to electric vehicles, energy storage, consumer electronics and next-generation batteries in the global push for a zero-emission future.
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.
Shares in Nano One (NANO) are down 5.83 per cent, trading with $4.52 per share as of 10:10 am ET.
