Post by contrap127on Mar 01, 2025 1:12pm
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Post# 36475126
Rio Tinto the First!
Rio Tinto the First!Yes! Rio Tinto, the first long-term license agreement from Nano One Materials
After sufficient examination by governments (Canada/USA), global players (Rio Tinto, Sumitomo, Worley ...), Nano One Materials has repeatedly received money to be able to continue in the state's interest without increasing capital. In my opinion, it is perfectly OK to get rid of ballast (buildings and land) as long as it does not affect business, and the sale of the land and the building will not do that at all.
Nano One Materials never wanted to acquire this factory, you have to know that!!! But the know-how was always very important to them, which is why they took over almost the entire workforce from Johnson Matthey at the time. Furthermore, they have now been able to sell it "temporarily" for twice the price. So what? Cash doesn't hurt, you remain immune to blackmail and can continue to react appropriately to every business situation. Or?
The negotiations between Worley & Nano One Materials & potential "customers" seem to be underway. (see Proactive Interview Alex Holmes)
What really reassures me personally from a commercial perspective is this great axis:
Rio Tinto/Arcadium Lithium > Worley > Nano One Materials
https://nanoone.ca/team-member/anthony-tse/
https://www.riotintoandarcadium.com/
https://www.worley.com/en/insights/our-news/resources/2025/helping-rio-tinto-scaleup-production-critical-battery-materials
https://www.worley.com/en/insights/our-thinking/resources/the-journey-to-a-net-zero-battery-webinar
https://www.worley.com/en/insights/our-news/resources/2024/strategic-alliance-with-nano-one-to-deploy-one-pot-process-technology
What's wrong with simply putting a 25,000 tpa OnePot plant next to the refinery, like M2CAM? Pocket money for Rio Tinto! NOTHING! And that's how it will happen!
https://nanoone.ca/news/nano-one-provides-progress-update-on-its-alliance-with-worley-and-cost-comparison-demonstrating-the-case-for-one-pot-enabled-lfp-cathode-production/
Rio Tinto is also currently undergoing major restructuring. Increased need for investment!
https://www.afr.com/chanticleer/rio-tinto-s-big-equity-raising-alert-falls-on-deaf-ears-20250226-p5lfb6
May Sumitomo, BASF, Umicore, VW and all the NDA sleepers (Tesla, GM, POSCO, EcoPro ...) stay where the pepper grows! Rio Tinto will definitely be the first to pull this thing off! Respect!
https://nanoone.ca/news/?paged=1
If you don't see that, it's your own fault!