RE:Nano One’s Partner the DOD. Great find. To confirm, Nano has received reimbursement from DoD grant. This clearly demonstrates the DoD is willing to honor the grant to Nano. The ideas the DoD might not honor the grant was a reasonable concern with some Nano investors considering the position the new Trump administration is taking regarding IRA grants.
But this clearly shows that the DoD will stand behind the Nano grant. And the DoD grant is a significant sum of non-dilutive funding.
"Subsequent to December 31, 2024, and through to the MD&A Date, the Company received funding from certain government grant and loan programs totalling $12,758,577 as follows:
• $1,453,891 from NRC (formerly SDTC);
• $1,223,281 (US$849,501) from the DoD;
• $2,200,000 from Technoclimat;
• $7,503,313 from Investissement Quebec; and
• $378,092 ($59,805 accrued as at December 31, 2024) from NGen. "