Nano One Materials Corp - NNOMF stock
Overview[edit]
Nano One (OTC: NNOMF, TSX: NANO) is a producer of cathode materials for use in electric vehicle, electronics and energy storage batteries. A demonstration pilot plant has been completed to produce low cost cathode materials that will provide high performance in lithium batteries.[1]
The company’s goal is to tap into the estimated 2025 $25 billion cathode market by exploiting their 24 patents and unique production process. This process reduces the current complexity of the cathode materials supply chain while still producing high performing cathodes.[2]
One-Pot Process[edit]
The One-Pot Process is Nano One’s patented process for cost effective production of high performance cathode materials. This streamlined process eliminates the need for individual Precursor Processes, Cathode Processes and Coating Processes commonly found in traditional cathode production for lithium-ion batteries.[3]
Partnerships[edit]
Rio Tinto[edit]
Under the terms of a collaboration agreement signed in June, 2022, Rio Tinto will provide an investment of $10 million and will receive 4,643,148 shares of NNOMF stock. The two companies “will work together to explore and evaluate opportunities to further drive localization of the lithium ion battery value chain, particularly in Québec, and will support the acceleration of the commercialization of Nano One's patented cathode technology.”[4]
BASF[edit]
In May, 2022, Nano One signed a joint development agreement with multi-national conglomerate BASF. This joint venture seeks to develop cathode materials generating less by-products than competing processes, using the advanced technologies of the two companies.[5]
Funding[edit]
Sustainable Development Technology Canada and BC-ICE have provided C$1.8 million in grants through the Scaling Advanced Battery Materials project.[6]
Acquisition of Johnson Matthey[edit]
Nano One signed an agreement to acquire the assets and staff of Canadian company Johnson Matthey Battery Materials Ltd., which pursues sustainable technology and innovation. Nano One paid C$10.25 million for the acquisition, which was completed on November 1, 2022. Nano One hopes to accelerate plans for development and commercialization of their technology.[7]
Patents[edit]
Nano One holds approximately 24 patents relating to the production of cathode production for lithium-ion batteries.[8]
Nano One holds two patents in Japan and is working with an undisclosed automaker. The patents are applicable to 1) The formation of niobium coated spinel via Nano One's proprietary system, and 2) A process for forming lithium mixed metal oxides like lithium nickel manganese cobalt oxide.[9]
Leadership[edit]
Dan Blondal - CEO, Director & Founder: Over 30 years of experience leading materials technology development, and over 10 years with Nano One.
Dr. Stephen Campbell - Chief Technology Officer: Over 25 years of experience in automotive research and holds a Ph.D. in Semiconductor Engineering.
- ↑ NanaOne.ca. About Us. Accessed on 12/8/2022.
- ↑ NanoOne.ca. NNOMF Investor Presentation. Accessed on 12/8/2022.
- ↑ NanaOne.ca. Nano One Technology. Accessed on 12/8/2022.
- ↑ Accesswire. Nano One Announces Closing of Rio Tinto Strategic Investment and Collaboration Agreement. June 17, 2022.
- ↑ BASF.com. BASF and Nano One enter into a Joint Development Agreement for Lithium-ion Battery Materials. May 31, 2022.
- ↑ the armchair trader. Nano One poised to benefit from US strategic battery policies. November 14, 2022
- ↑ Accesswire. Nano One to Acquire Johnson Matthey Battery Materials Canada. May 25, 2022.
- ↑ Justia. Nano One Materials Patents. Accessed on 12/8/2022.
- ↑ the armchair trader. Nano One secures Japanese patents for battery materials technology. August 26, 2022.[1]
OTC Symbol: NNOMF | OTC Tier: Pink Current
