TSX:NANO - Post Discussion
Post by
Manager123 on May 07, 2024 1:06pm
The more.... the better... Posted earlier today...
Opportunities - Nano One Materials and Worley entered into a Strategic Alliance Agreement and a License Agreement for the purposes of jointly developing, marketing and licensing a process engineering design package for the deployment of cathode active material (CAM) production facilities with potential customers in the lithium-ion battery materials sector. Nano One had commenced a feasibility study back in February to design the first commercial LFP plant, but for a company with just a $172 million market capitalization, financing the construction could be too dilutive for shareholders. Worley is a $5.4 billion company with a fleet of engineers 50,000 strong that operates in 45 countries around the world and is a major player in the energy sector. This partnership derisks Nano One’s plans to roll out their technology for a much wider adoption.
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