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Nano One Reports Q2 2024 Results and Provides Update
Nano One has filed its condensed interim consolidated financial statements (the “financ...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Reports Q2 2024 Results and Provides UpdateNano One has filed its condensed interim consolidated financial statements (the “financial statements”) and management's discussion & analysis (“MD&A”) as at and for the six months ended June 30, 2024 (“Q2 2024”) and is pleased to provide a summary and an update on subsequent events. VANCOUVER, BC / ACCESSWIRE / August 14, 2024 / (TSX:NANO)(OTC PINK:NNOMF)(FRA:LBMB)Q2 2024 Results and Subsequent Events - Highlights and HeadlinesStrategic Alliance Agreement and License Agreement with Worley, a global engineering leader in sustainability solutions.NGen awards Nano One and Worley Chemetics $2.8 million in non-dilutive non-repayable funding through the Electric Vehicle Manufacturing Program (EVMP).Nano One announces a definitive agreement to sell vacant land in Candiac for $5 million in non-dilutive gross proceeds, subsequent to Q2 2024 period end.All matters presented for shareholder approval at the August 1, 2024, Annual General and Special Meeting were approved.Total net assets of $30.8 million and working capital of $13.2 million at Q2 2024 period end.Nano One® Materials Corp. (\"Nano One\" or the \"Company\") is a clean technology company with patented processes for the production of lithium-ion battery cathode active materials (\"CAM\") that enable secure and resilient supply chains by driving down cost, complexity, energy intensity, and environmental footprint. Nano One has filed its condensed interim consolidated financial statements (the \"financial statements\") and management's discussion & analysis (\"MD&A\") as at and for the six months ended June 30, 2024 (\"Q2 2024\") and is pleased to provide a summary and an update on subsequent events.Strategic Alliance and Licensing Agreement with Worley Chemetics®In May 2024, the Company announced executing a Strategic Alliance Agreement and a License Agreement with Worley Chemetics® (\"Worley\") for the purposes of jointly developing, marketing and licensing a process engineering design package for the deployment of cathode active material (CAM) production facilities with potential customers in the lithium-ion battery materials sector.Under the Strategic Alliance Agreement, Nano One and Worley will jointly develop a holistic technology CA...