Vancouver-based Nano One Materials Corp. (TSX: NANO) (OTC-Nasdaq Intl Designation: NNOMF/Frankfurt: LBMB), a clean technology company producing high-performance cathode materials for use in lithium-ion batteries, has announced a shift in strategy after a busy year building a global network of strategic relationships.
On the occasion of the COP26 global climate summit held in Glasgow this month, CEO Dan Blondal announced that the focus of work on Nano One’s lithium iron phosphate (LFP) cathode materials would shift towards the creation of domestic battery supply chains in North America and Europe.
As part of this shift, Nano One has joined Accelerate, Canada’s recently launched zero-emission vehicle (ZEV) supply chain alliance, but ended its joint development activities with Pulead Technology Industry, a leading Chinese cathode producer.
In a statement, Blondal said: the aim is “to create a secure and cost competitive supply chain that is domestically integrated, with a low environmental footprint. In response, Nano One is shifting its LFP strategic direction to large emerging markets outside of China, starting in North America.”
Alliance with Euro Manganese
So far, this year, Nano One has signed a string of joint development agreements. Last month, on 4 October 2021, Nano One signed an agreement with Euro Manganese, a battery raw materials company developing a significant manganese deposit at its Chvaletice Manganese Project in the Czech Republic. The two companies will be...
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