Nano One (NANO.T) is a $300 million clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries.
Six weeks ago, Nano One announced its financial results and operations overview for Q3, 2021, ended September 30, 2021
Q3 Highlights and Headlines
• Working capital of ~$54.0 million; cash of ~$54.6 million
• MOU with global automotive OEM to evaluate manganese rich cathode materials
• Joint development agreement with Euro Manganese for the development of high-purity manganese in lithium-ion battery cathode materials
• Completion of SDTC and BC-ICE Milestone 2 and receipt of Milestone 3 funds
• Engaged global engineering firm, Hatch, to lead an engineering study for expanded cathode evaluation project with a global automotive company
“Nano One continues to advance opportunities with our partners in the battery supply chain and in this past three months we have added a few more strategic relationships,” commented Mr. Dan Blondal, CEO.
“We have business dealings on many fronts around the globe, including opportunities to enable low cost integrated domestic supply chains in North America and Europe that with the use of our technologies could increase competitiveness, reduce environmental footprint and add value to critical mineral supplies.”
“Nano One is not going to pump out itty bitty bits of news designed to keep the share price bouncing like a Kardashian...
Read Full Story: https://equity.guru/2021/12/23/nano-one-nano-t-focuses-its-revolutionary-battery-tech-on-north-american-opportunities/
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