Key Highlights
- Nano One Materials filed its third-quarter 2026 financial statements and management discussion.
- The company reported $14.1 million cash and $12.4 million working capital at September 30, 2026.
- Construction has started on the Candiac facility expansion, with commissioning targeted for Q2 2027.
- Nano One reported over $75.3 million non-dilutive capital secured since early 2024.
Nano One Materials Corp. has filed its condensed interim consolidated financial statements and Management’s Discussion & Analysis for the three and nine months ended September 30, 2026, and provided an update on subsequent events.
The company reported net assets of $15.4 million, working capital of $12.4 million and cash of $14.1 million as at September 30, 2026. The release did not specify the currency for these amounts.
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Non-dilutive funding and cash use
Nano One said it has secured over $75.3 million in non-dilutive capital since the beginning of 2024, which it described as coming from government grants and loans, sale-leaseback proceeds and land sale proceeds.
Government funding of $16.0 million received in the first nine months of 2026 limited the company’s net use of cash for that nine-month period to $9.5 million, according to the release. As at November 2026, Nano One reported it had approximately $16.0 million in undrawn government funding available for use in pre-commercial activities under existing grant agreements and programs.
Candiac facility expansion timeline and capacity target
Nano One said detailed engineering for its Candiac Facility expansion project was completed at the end of September 2026, and that construction is now underway. The company expects construction to be complete in Q1 2027, with commissioning targeted for Q2 2027.
According to the release, automation improvements to the site’s demonstration line are expected to increase production capacity to approximately 800 tonnes per annum of lithium iron phosphate (LFP) cathode material.
Nano One described itself as a process technology company focused on how cathode active materials are produced for lithium-ion batteries, with product development and process optimization based at its Innovation Centre in Burnaby, British Columbia, and piloting, demonstration and commercial production based in Candiac, Québec.
The original press release is available on stockhouse.com
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