RE:New Press Release - Nano One Reports Q1 2024 Results I'm bitting my tongue hoping someone can put a positive spin on this.
But from what I can read (from this official Nano update), this is not a clarification of what Alex said in the Crux Investor interview. Rather it's a double down.
With almost certainty, this kills any hope One Pot is being considered for any of the Ontario/Quebec CAM facilities in flight (Honda, VW, NorthVolt, Ford, etc.).
This also implies Nano is dead money until sometime (mid-to-late?) 2025.
Sounds like their primary focus is to get funding for the Candiac expansion to 1000TPA so they can generate revenue so the company doesn't go bankrupt. Wow.
Oh, and also someone very important at the company is having health problems. Significant enough that it needs to be formally communicated to the market. This will require clarification but hopefully whoever is sick makes a full and speedy recovery.
good luck to all the longs.