VANCOUVER, BC / ACCESSWIRE / July 20, 2023 / (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB)
Highlights - Nano One's LFP plans in Qubec are on time and on budget:
- Tonne scale trials in existing reactors are demonstrating scalability of the One-Pot process.
- New One-Pot reactors have arrived and are on target for commissioning in Q3 2023.
- Commercial LFP evaluations to begin in Q4, leading to potential offtake and first revenues.
- Trials and engineering informing design and operation of first full scale LFP commercial plant.
- 6 new patents significantly extend IP protection, launching total to 33 globally.
Nano One® Materials Corp. ("Nano One" or the "Company") is a clean technology company with patented processes for the production of lithium-ion battery cathode materials that enable secure and resilient supply chains by driving down cost, complexity, energy intensity, and environmental footprint. The Company is pleased to report that its lithium iron phosphate (LFP) trials, One-Pot reactors1, sampling and pilot production plans are being expedited as previously outlined, and that initial engineering plans for its first full scale commercial plant are nearing completion. Additionally, the Company is pleased to report on six new patents that significantly enhance its global portfolio of intellectual property.
"We are doing One-Pot LFP trials in Nano One's Candiac facility," said Nano One's Chief Commercialization Officer Mr. Denis Geoffroy, "and we have been producing tonne sized batches successfully in the existing commercial scale equipment for a few months now. In parallel we are installing smaller modular One-Pot reactors, engineered and built in Qubec, so that we can also do smaller trials, evaluate new reactor designs and fast track our plans. We are on budget, on time and on target to have our first 200 tonnes of capacity commissioned by the end of Q3 producing samples for third party commercial evaluation, with volumes up to 2000 tonnes, to follow in 2024. Each milestone increases project certainty, instills confidence in our future customers, and advances our commercialization journey."
Nano One Advances its Commercial LFP Plans at Qubec Facility, Secures Six New Patents (accesswire.com)