Nano One wants to be the power behind low-cost, high-performance battery materials

Nano One is a technology company with a patented and scalable industrial process for the production of low cost, high performance cathode powders used in lithium ion batteries. These unique materials are being designed to add value to electric vehicles and grid storage batteries in the global push for a zero-emission future.

Nano One Materials Corp (TSX:NANO, OTC:NNOMF) has reported a profit of $2.7 million for the first quarter of 2025, driven by the recognition of certain government grants and gains from a major sale and leaseback transaction which closed during the period.

The company said it exited the quarter with $27.8 million in cash and $25.5 million in total net assets, strengthening its financial position as it advances its lithium-ion battery materials technology.

Operational highlights from the quarter included the completion of a $15.7 million sale and leaseback transaction involving the company’s Candiac Facility in Québec, which delivered $13.7 million in net proceeds and a $2 million vendor loan receivable.

Government funding added a further $12.8 million, and $0.3 million was received from NGen after the quarter-end.

Nano One Materials Corp (TSX:NANO, OTC:NNOMF) continues to strengthen its financial position and advance strategic initiatives, the company has emphasized while reporting its fourth quarter financial results on Wednesday.  

The company said that it exited the fourth quarter, which ended on December 31, with $21.4 million in net assets and $5.5 million in working capital.

Nano One Materials Corp (TSX:NANO, OTC:NNOMF) announced that it has received C$12.75 million in non-dilutive cash contributions from various government programs.

The funding is primarily a reimbursement for recent eligible project expenditures and supports the company's engineering, capacity expansion, demonstration, and commercialization efforts at its lithium-iron-phosphate (LFP) plant in Québec.

Nano One Materials CEO Dan Blondal joined Steve Darling from Proactive to provide insight into the company's readiness to respond to China’s proposed ban on exporting battery cathode and lithium processing technologies, including lithium-iron phosphate (LFP) technologies. Blondal emphasized the strength of Nano One’s patented One-Pot Process, a groundbreaking innovation that positions the company as a key player in the global clean energy transition. He highlighted that Nano One is "fully decoupled from China's dirtier supply chains and immune to their trade and technology controls."

This independence is especially critical as China dominates 99% of the global LFP market, making the proposed export restrictions a potential challenge for the international battery industry. The One-Pot Process enables the localized and waste-free production of LFP battery materials, a solution that Blondal believes could reshape North American supply chains and reduce dependence on Chinese technologies. He underscored the safety, durability, and compatibility of LFP batteries with modern energy storage needs, further solidifying their role in the global energy transition.

Nano One is actively scaling its operations, supported by its licensing partnership with Worley and operational pilot facilities in Quebec. Blondal highlighted the company’s readiness to adapt to evolving market demands, stating, “We are perfectly positioned to support industrial growth and energy transitions with our scalable and environmentally friendly technology.” With its unique approach, Nano One is poised to become a key player in the clean energy revolution, offering sustainable solutions that address pressing geopolitical and environmental challenges. Watch the full interview to explore how Nano One is leading innovation in the battery materials industry.