Nano One commissioned Minviro Ltd. to complete a detailed LCA focused on GHG emissions emitted from cradle-to-end-product, including mining, concentrating, refining, and processing of raw materials into shipment-ready CAM. The report compares the production of NMC811 and LFP in various jurisdictions, made using incumbent processes to Nano One's proprietary One-Pot Process. The potential for reduced emissions is valuable information as Nano One considers options for licensing, scale-up and expansion to align with market demands.

The LCA results for Nano One's One-Pot Process highlight the opportunity for innovations in cathode production to drive sustainability across the entire battery industry. Nano One's technology is applicable to electric vehicles, energy storage, and consumer electronics, reducing costs and carbon intensity while improving environmental impact. The Company aims to pilot and demonstrate its technology as turn-key production solutions for license, joint venture, and independent production opportunities, leveraging Canadian talent and critical minerals for emerging markets in North America, Europe, and the Indo-Pacific region.

Nano One has received funding from SDTC and the Governments of Canada and British Columbia. The company provides quantitative environmental and climate impact data for mineral resource projects, battery manufacturers and OEMs to make environmentally informed decisions and compliance with upcoming regulations. Minviro has recently completed, or are engaged for LCA assessments, for various processes and products being developed in the battery raw materials markets.