Nano One and Rio Tinto Announce Strategic Partnership and US$10M Investment

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[{"type":"text","content":"Nano One and Rio Tinto Announce Strategic Partnership and US$10M InvestmentVANCOUVER, BC / ACCESSWIRE / June 9, 2022 / (TSX:NANO)(OTC PINK:NNOMF)(FRA:LBMB)Rio Tinto makes US$10M strategic equity investment in Nano One.Rio Tinto to collaborate on battery metals as inputs for Nano One's cathode process technologies.Partnership accelerates commercialization of Nano One's One-Pot and M2CAM® technologies.Adds to Government of Canada's Mines-to-Mobility initiative for North American battery ecosystem.Québec focus on Rio Tinto's iron production in Sorel-Tracy and Nano One's pending LFP facility in Candiac.Nano One® Materials Corp. (\"Nano One\" or the \"Company\"), a clean technology innovator in battery materials, and Rio Tinto, a leading global mining and metals group, have agreed to enter into a strategic partnership providing iron and lithium products, collaboration and a US$10M investment into Nano One. This partnership and funding will accelerate Nano One's multi-cathode (multi-CAM) commercialization strategy and support cathode active materials (CAM) manufacturing in Canada for a cleaner and more efficient battery supply chain for North American and overseas markets.Dan Blondal, CEO of Nano One said \"The global transition to a low-carbon electrified economy will require millions of tonnes of battery materials, so it is critically important to produce these materials efficiently and with the lowest environmental footprint. Rio Tinto's partnership and support complement our recent announcement to acquire Johnson Matthey's LFP business in the nearby community of Candiac, Québec and amplifies the Government of Canada's Mines-to-Mobility initiative, which aims to encourage a localized battery ecosystem to serve the broader North American market. Rio Tinto brings deep experience in high volume production and technology commercialization, as well as a growing battery metals business. We are excited to be partnering with Rio Tinto, our shared vision will see many opportunities for collaboration as we drive for change.\"Nano One's patented One Pot Process and metal to cathode active material (M2CAM) technologies form a unique manufacturing platform that enables nickel-rich (NMC), iron-rich (LFP) and manganese-rich (LNMO) lithium-ion cathode active materials to be made sulfate-free from a range of battery metal source...

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