Tuesday, September 28, 2021

Nano One secures next round of funding from Canadian government - The Armchair Trader

Last updated Thursday, September 9, 2021 06:44 ET , Source: NewsService

Clean technology and battery materials pioneer Nano One (TSX:NANO/FRA:LBMB) reported that it has reached milestone 2 of the Scaling Advanced Battery Materials project jointly funded by Sustainable Development Technology Canada (SDTC) and the British Columbia Innovative Clean Energy (ICE) fund.

Consequently, the advance funding for project milestone 3, in the amount of $1,652,859 – $1,095,057 from SDTC and $557,802 from the ICE fund – has been released to the company.

Next generation battery technology play

Nano One is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future.

Nano One’s One-Pot process, its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint.

Nano One is currently on The Armchair Trader’s list of venture stocks to watch. It controls patented and cutting edge technology that can not only support the development of more efficient batteries, but also has major implications for sustainable supply lines.

“Within milestone 2, Nano One has strengthened our process for both Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC)...

Read Full Story: https://www.thearmchairtrader.com/nano-one-battery-technology-stock/

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