Nano One Materi Share Price (0T6N)

THIS IS PART 2 FOR SOME REASON I CANNOT CHANGE THE HEADER.

facility in Québec is being retrofitted with its new One-Pot reactors and technology and will be commissioned initially at 200 tpa in Q3 2023, ramping up to as much as 2,000 tpa.

Nano One's technology, manufacturing hub, and plans represent a game-changing opportunity to secure sustainable and clean battery supply chains in North America. Nano One will launch LFP in North America, followed by Europe and the Indo-Pacific region, giving it access to exponential revenue growth, to power hundreds of gigawatt hours of battery storage and millions of electric vehicles.

Q1 2023 Financial Position and Results

Total assets of ~$56.9M (Q4 2022 - ~$56.1M)

Total liabilities of ~$7.5M (Q4 2022 - ~$2.6M) with no debt

Positive net cash flows of ~$625K during the quarter

Proceeds from Government programs, interest income, and exercises of stock options and warrants of ~$7.6M, which more than offset the use of cash during the quarter

Capitalized investments in equipment, facilities, and construction activity of ~$1.1M in addition to net investments in research and operational expenses of ~$1.9M.

Given recent banking uncertainty we want to reassure our shareholders that our treasury is diversified amongst several Canadian chartered banks and large financial institutions, and our conservative and diversified approach to treasury management reflects the paramount priority of safety and security.

For a more detailed discussion of Nano One's interim Q1 2023 results, please refer to the Company's financial statements, and MD&A which are available at www.sedar.com.

Basically the company has world wide patents on its product which prevents the breakdown and micro internal cracking of batteries which is caused by recharging thus shortening battery life.

The product protects the battery from internal damage by constant recharging so is expected will lead to the million mile battery !

The following will give an idea of what is happening.

Nano One Materials Corp.

Nano One Materials Corp.

May 11, 2023

In this article:

NNOMF

+3.16%

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VANCOUVER, BC / ACCESSWIRE / May 11, 2023 / (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB)

Nano One® Materials Corp. ("Nano One" or the "Company") is a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries. 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 three months ended March 31, 2023 ("Q1 2023") and is pleased to provide the following highlights from Q1 2023.

Q1 2023 Highlights and Headlines

Working capital of ~$35.7 million; cash of ~$40.1 million

Completion of Cathode Evaluation Project & Expansion of Collaboration with Automotive OEM

New program funding from SDTC

Three new patents issued and allowed in Taiwan, Korea, and US.

Proceeds of ~$3.7M from the exercise of warrants

Advancement of Commercial Plans for LFP and Other Cathode Materials

Corporate Milestones for Q1 2023

New Program Funding from SDTC

On February 13, 2023, the Company announced an award of up to $10,000,000 in non-dilutive, non-repayable contributions from Sustainable Development Technology Canada ("SDTC"). These funds will support the conversion of Nano One's recent high-value acquisition of the JMBM Canada LFP facility in Candiac, Québec, Canada (November 2022), to the patented One-Pot Process for industrial-scale pilot production of LFP and includes financial support for the design, construction, and operation of a multi-cathode piloting hub (MCPH) to help customize and advance Nano One's One-Pot and metal-direct-to-CAM (M2CAM) processes for the industrial scale pilot production of next-gen LFP, NMC and LNM cathode active materials (CAM).

Completion of Cathode Evaluation Project & Expansion of Collaboration with Automotive OEM

On February 21, 2023, the Company announced the successful completion of the evaluation and benchmarking of its process, cathode materials and techno-economic modelling, under a Cathode Evaluation Agreement with a global automotive manufacturer. Success has led the parties to a new Cathode Evaluation Agreement that adds LFP to the program and expands their collaboration to target performance, cost, and environmental specifications of cathode materials to meet the needs of the OEM.

Advancement of Commercial Plans for LFP and Other Cathode Materials

On April 24, 2023, the Company provided an update regarding its commercial plans which are aimed at jumpstarting the commercialization of its One-Pot process starting at 200 tonnes per annum ("tpa") in 2023, expanding in steps to 2,000 tpa, 10,000 tpa, and hundreds of thousands of tonnes per annum. To expedite commercial sampling, offtake and fi

DYOR, this company is going to be a game changer in the design and production of batterys in all walks of life. This company will become massive.

https://www.thearmchairtrader.com/nano-one-big-technology-revolution/

Many thanks for your quick response TheOldBee. I couldn’t access the article by Armchair trader. It was only showing a different chart with different price. If you do have access to the article please kindly share. Thank you.