Business
Nano One Provides Quarterly Progress Update and Reports Q2 2021 Results
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2021) - Nano One® Materials Cor...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Provides Quarterly Progress Update and Reports Q2 2021 ResultsVancouver, British Columbia--(Newsfile Corp. - August 11, 2021) - Nano One® Materials Corp. (TSX: NANO) (OTC Pink: NNOMF) (FSE: LBMB) (\"Nano One\") is a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries. Nano One announces its financial results and operations overview for the second fiscal quarter ended June 30, 2021 and is pleased to review the following highlights from Q1 and Q2 2021.Q1 and Q2 Highlights and Headlines Selected to showcase its clean technology advantages in Chile.Announces solid state battery collaboration with the University of Michigan.Achieves TSX venture 50 recognition as a top performing company.Launches ground-breaking M2CAM technology to reduce cost, waste and carbon footprint in lithium-ion battery supply chain.Closes 28.9M bought deal financing. Strengthens balance sheet to provide additional growth capital flexibility and working capital of approximately $55 million, as of June 30, 2021.Advances LNMO program to pre-commercialization stage with Asian joint development cathode partner.Enters Co-Development Agreement with Niobium Producer CBMM to improve durability and performance of high energy density cathode materials. Enters partnership with Johnson Matthey to develop next generation eLNO family of nickel-rich advanced cathode materials using Nano One's technologies.Graduates to Toronto Stock Exchange (TSX:NANO)Granted 3 new patents, bringing total to 19 with over 35 additional patents pending.\"The first half of this year has been extremely busy for Nano One as we execute on our business strategy in a rapidly evolving market,\" commented Mr. Dan Blondal, CEO. \"We have solidified our treasury, entered into agreements with global partners, expanded our facilities to support those partnerships and we continue to innovate as we focus on the path to commercialization.\"Q2 Corporate UpdatesProgress Update on Joint Development Agreement with Asian Manufacturer In April 2021, the Company announced a progress update on the Joint Development Agreement signed in August 2020 (the \"JDA\"). The first two phases of the program have been focused on lithium nickel manganese oxide (\"LNMO\") cathode mat...