Nano One Materials Corp has bolstered its financial position through a deal to sell and lease back a building in Quebec. Some C$15.7 million was raised via the sale of its Candiac building and surrounding property, the lithium-ion battery cathode active materials specialist said on Monday.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) this week announced the strategic sale of its Quebec facility for more than $20 million, delivering more than two times the initial $10.25 million investment. Chief operating officer Alex Holmes joined Proactive to discuss the development, which aligns with Nano One's capital-light business model.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) announced that it has signed a definitive agreement to sell and lease back its Candiac building and surrounding property in Québec for estimated net proceeds of C$15.7 million. "This transaction bolsters our balance sheet and helps leverage over C$40 million in government funding and reimbursements that we secured and announced last year,” Nano One chief financial officer Carlo Valente said in a statement.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) is accelerating its commercialization efforts in 2025, leveraging strong government support and strategic partnerships to scale its patented One-Pot lithium iron phosphate (LFP) production technology. In a letter to shareholders, CEO Dan Blondal highlighted key 2025 initiatives, including drawing down $40 million in government reimbursements to fund production ramp-up and commercial LFP sales.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) CEO Dan Blondal joined Proactive to discuss the potential of the company's One-Pot process to address recently proposed Chinese trade restrictions impacting lithium iron phosphate (LFP) battery technology and materials. He emphasized how Nano One's localized, waste-free solution could significantly impact North American supply chains.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) has announced the addition of seven new patents to its portfolio, bringing its total to 48, with 56 more applications pending globally. The company said these patents strengthen the company's intellectual property (IP), providing a competitive edge and value for shareholders in the evolving battery market.
VANCOUVER, BC / ACCESSWIRE / December 18, 2024 / Nano One® Materials Corp. ("Nano One" or the "Company"), a cleantech company with a patented process for the low-cost, low-GHG production of lithium-ion battery cathode active materials, is pleased to announce the allowance and/or issuance of 7 new patents to its portfolio, bringing its 2024 total to 11, and its historical total to 48 with more than 56 further patent applications pending, in jurisdictions around the world. These recent patents not only fortify Nano One's intellectual property (IP) portfolio but also add value for its shareholders and enhance the Company's technological edge in a rapidly evolving market.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) CEO Dan Blondal joined Proactive to discuss an exciting financial milestone for the company, securing $18 million in funding from the government of Quebec. He highlighted that this funding complements the $18 million investment Nano One received from the US Department of Defense.
Nano One is nearing its first revenue-producing deals, potentially boosting the stock significantly. The company secured a C$15 million loan and a C$3 million grant from the Canadian government. Financing terms are favorable, with repayment starting 5 years after the first drawdown, spanning a total of 10 years.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) announced Monday that its subsidiary, Nano One Materials Candiac, has received C$18 million in financial support from the Government of Québec to bolster its production of lithium-ion battery cathode active materials. The funding includes a C$15 million loan from Investissement Québec, mandated by the Ministry of the Economy, Innovation and Energy (MEIE), and a C$3 million grant from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Park.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) reported its Q3 2024 results, highlighting significant progress in advancing lithium iron phosphate (LFP) production and technology licensing. As announced in August, Nano One is streamlining its operations to focus on LFP commercialization with its One-Pot process for producing battery materials.
VANCOUVER, BC / ACCESSWIRE / November 13, 2024 / Q3 2024 Results and Subsequent Events - Highlights and Headlines: Streamlining operations and increasing focus on LFP production and licensing Closing on $5.0 million sale of vacant land Award of US$12.9 million from the Department of Defense (DoD) of the USA Appointment of Anthony Tse as New Chair of the Board of Directors Total net assets of $26.9 million and working capital of $10.9 million at Q3 2024 period end SDTC project update Nano One® Materials Corp. ("Nano One" or the "Company") is a clean technology company with patented processes for the low-cost, low-GHG production of lithium-ion battery cathode active materials ("CAM"). Nano One has filed its condensed interim consolidated financial statements (the "financial statements") and management's discussion & analysis ("MD&A") as at and for the nine months ended September 30, 2024 ("Q3 2024") and is pleased to provide a summary and an update on subsequent events.