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Nano One Awarded C$5 Million from the Government of Canada to Support Capacity Expansion at its Candiac Facility and Advance One-Pot LFP Commercialization
Highlights Nano One awarded C$5M contribution from NRCan to scale and commercialize One-Pot...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Awarded C$5 Million from the Government of Canada to Support Capacity Expansion at its Candiac Facility and Advance One-Pot LFP CommercializationHighlightsNano One awarded C$5M contribution from NRCan to scale and commercialize One-Pot™ LFPFunding supports planned Candiac expansion, including LFP cathode materials development for ESS, defence, and EV marketsGovernment-backed support reinforces Canada's role in building LFP supply chain optionality VANCOUVER, BC / ACCESS Newswire / October 29, 2025 / Nano One® Materials Corp. (\"Nano One\" or the \"Company\")(TSX:NANO)(OTCQB:NNOMF)(Frankfurt:LBMB), a process technology company specializing in lithium-ion battery cathode active materials (CAM), is pleased to announce it has been awarded a C$5 million non-repayable contribution from Natural Resources Canada (NRCan) under the Energy Innovation Program to scale production of One-Pot lithium iron phosphate (LFP) CAM and accelerate commercialization.\"The Government of Canada is proud to support Nano One as they scale up their made-in-Canada battery innovation. At a time where the global demand for batteries is surging, their work could not be more important. We are showing the world how to build cleaner, more secure, and more sustainable supply chains. This patented technology, developed here at home, is helping position Canada as a global leader in the next generation of battery materials-proving that Canada can power the world.\"- The Honourable Tim Hodgson, Minister of Energy and Natural ResourcesThe funding supports Nano One's ongoing work at its Candiac, Québec and Burnaby, British Columbia facilities through March 31, 2027. It will enable the Company to continue developing different product grades of One-Pot LFP to meet performance requirements across energy storage systems, defence, electric vehicles and other applications. Sumitomo Metal Mining is a project partner under this NRCan award and will contribute technical expertise as in-kind support.The Candiac facility remains Nano One's launch pad for growth and a critical bridge between customer validation, first revenues, and demonstrating the technology in production-intent equipment to support future licensing opportunities. As a demonstration facility, Candiac will also support service revenues generated from licensee operator training, continuous ...