Nano One® Materials Corp. 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 reported that it has confirmed orders for approximately 1.3 tonnes of LFP samples from key collaborators for commercial evaluation purposes, of which approximately 30% has been shipped.

The LFP was made using Nano One's recently commissioned One-Pot LFP pilot facilities in Candiac, Québec demonstrating and de-risking production in commercial scale equipment. Additional key collaborators in automotive, ESS, defense, and industrial sectors are also testing and validating Nano One's LFP pilot materials for the purposes of securing offtake agreements to meet their business objectives. Nano One is addressing a diverse market for LFP and creating multiple client relationships to satisfy growth plans and the sector's needs.

Target markets include North America, Europe and the Indo-Pacific region, representing an addressable LFP market opportunity totalling US$48 billion by 2035.