Nano One Materials Corp T.NANO

Rio Tinto & Tesla & Nano One Materials

[contrap127]

"The premium grade of Simandou iron ore will be a vital part of the energy transition, and broadens our global portfolio of iron ore products, complementing our existing, long-term iron ore production in Australia’s Pilbara region and in Canada."
https://www.riotinto.com/operations/projects/simandou
https://seekingalpha.com/news/3930740-simandou-iron-ore-project-to-restart-in-march-report
https://www.marketwatch.com/story/simandou-iron-ore-project-to-kick-off-in-march-guinean-government-says-271675443379
https://www.engineeringnews.co.za/article/govt-of-guinea-appoints-egis-as-technical-adviser-for-simandou-project-2023-02-09/rep_id:4136

"Musk: nickel-based batteries only for long-range electric planes, ships and extremely long-range EVs and trucks. EVERYTHING ELSE WILL BE IRON-BASED."
https://twitter.com/stevelevine/status/1631050926919147522?t=mQSFV2vCmaAopVTptg215w&s=19

https://nanoone.ca/news/news-releases/nano-one-and-rio-tinto-announce-strategic-partnership-and-us-10m-investment/

[Luminous]

Just a pie in the sky comparison, even if Nano was taken out by Tesla for $5b, that is still only a fraction of Tesla's 600b mkt cap.  Then how much more value would the cathode alone add. Question becomes, would Nano be more profitable if they sold the cathode to all automakers across the world instead? All assuming it works the way it's presented and doesn't become another