Changing the way the world makes battery materials has been Nano One’s mission since its founding in 2011. The Canadian company’s proprietary One-Pot Cathode Active Material (CAM) process offers a host of advantages – reducing battery manufacturing cost, complexity, energy intensity, wastewater and environmental footprint.

“The most expensive and complex component of a battery is the cathode active material, which is made using a process that hasn't changed for 30 years,” explained Nano One Chief Commercialization Officer Denis Geoffroy.

Since its launch in Burnaby, British Columbia, Nano One has amassed 40 patents global patents for its core technologies – and more than 55 others are pending. By 2035, Nano One is targeting over $150 billion in licensing and production opportunities in North America, the EU and the Indo-Pacific.

Nano One also has the only lithium iron phosphate (LFP) production facility in North America and the most experienced LFP team outside Asia. LFP was first made commercially viable in Quebec in the 2000s by Phostech, which Nano One has owned since 2022.

The One-Pot Difference

Nano One’s One-Pot technology “is a manufacturing process that combines all of the raw material inputs in a single chemical reaction prior to high-efficiency thermal processing to make cathode active materials – a black powder essential for battery production,” Geoffroy explained. “This eliminates the generation of sodium sulphate wastewater while reducing complexity, costs, footprint and energy intensity compared to incumbent processes. One-Pot-enabled production facilities could also be easier to permit, construct and operate.”

Nano One’s One-Pot technology combines all raw materials in a single chemical reaction prior to high-efficiency thermal processing to make cathode active materials – a black powder essential for battery production.

The process is a platform technology and can handle various cathode chemistries, including iron-rich (LFP), nickel-rich and manganese-rich compositions.

Nano One’s patented One-Pot process for LFP can enable numerous savings, according to a cost-comparison study with Worley Chemetics:

• At least 30% lower costs in total invested capital.
• Up to 30% lower operational costs.
• Up to 80% less energy usage.

One-Pot also eliminates sodium sulphate wastewater and could use up to 80% less process water and reduce greenhouse gas emissions by up to 50% depending on energy sources and jurisdiction.

Manufacturing Capabilities

Nano One purchased its LFP production facility in Candiac, a Montreal suburb, in 2022.

“We purchased the facility and secured the team of experts and decommissioned the large parts of the facility that were used for wastewater handling but no longer needed,” Geoffroy recalled. “We have since recommissioned 200 tpa (tons per annum) of capacity and will ramp that up to 600 tpa in 2025 – and ultimately back to 1000 tpa or more. 

The Candiac plant is central to the company’s “Design Once Build Many” license growth strategy.

The One-Pot Cathode Active Material process of Canada’s Nano One reduces battery manufacturing cost, complexity, energy intensity, wastewater and environmental footprint.

Nano One and engineering partner Worley Chemetics are collaborating on the development, marketing and licensing of a modular 25,000 tpa process design package that includes patent rights, flow sheets, engineering, know-how and major pieces of equipment, Geoffroy said. Target customers include existing cathode producers, energy companies and large-scale industrial organizations looking for techno-economic advantages in the large-scale production of cathode materials used in battery applications for EVs and stationary energy storage systems.

Broader Goals

To advance its ambitious goals, Nano One packages its technology into the design of CAM plants. These plants can be made up of 1 modular unit of 25,000 tpa and allow customers to expand their operations to 100,000 tpa or more as demand grows.

“We aim to license these plants to as many cathode producers as possible to drive wide-scale adoption and truly change how the world makes battery materials,” Geoffroy explained.

Core to that licensing strategy is a level of R&D investment in personnel and continuous innovation.

“We must offer our customers value-added technology and know-how that helps them maintain their competitiveness. Our R&D efforts will focus on process simplification, supply-chain security, cost, recyclability, energy reduction, environmental benefits, next-gen battery chemistries – and ultimately better value cathodes.”

Key Relationships

Working with sector collaborators such as Sumitomo Metal Mining and Rio Tinto, along with financial and policy support from the government of Québec and Canada and the U.S. Department of Defense, “we are making great inroads,” Geoffroy said.

Rio Tinto, one of the largest mining companies in the world, owns approximately 5% of Nano One. “Our collaboration is exploring iron ore mined and refined in Quebec as a source of high-purity iron metal powder input to the One-Pot process for the cleanest, lowest-carbon and most localized LFP supply chain in North America,” Geoffroy said.

Japan’s Sumitomo, a vertically integrated miner, refiner and producer of cathode active materials, also owns approximately 5% of Nano One. “We are working together to accelerate the commercial production of LFP, CAM and nickel-rich CAM chemistries such as lithium nickel manganese cobalt oxide. Additionally, we will look to explore business development opportunities, including sales and technology licensing, while also forging long-term partnerships and identifying potential investment and financing opportunities to expand operations.”

Combined, Nano One’s efforts aim to achieve battery material production “in a responsible, sustainable manner to help the world reach its environmental targets,” Geoffroy concluded.

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In 2025, Nano One is focused on expanding capacity at its Quebec facility and validating materials with customers, aiming to progress from initial agreements to formal sales contracts by year-end. The company has attracted strategic partners, including Rio Tinto, Sumitomo Metal Mining, and Worley, prioritizing relationships with organizations that share its long-term vision. As geopolitical tensions expose supply chain vulnerabilities, Nano One's technology addresses critical national security priorities by enabling North American battery material production independent of Chinese suppliers.

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Looking forward, Blondal identifies lithium-iron-phosphate cathode materials as a cornerstone of Nano One’s near-term market strategy, given their dominant global demand trajectory and applicability across renewable energy storage, data centers, AI applications, and mid-range electric vehicles. He stresses that North America must proactively build a robust LFP supply chain or risk being "run over" by global competitors, cautioning against directly copying Chinese methods due to environmental and permitting hurdles. Instead, Nano One’s innovative "One-Pot" technology uniquely positions it by avoiding "the sulfating part of the supply chain," thereby significantly reducing capital costs, energy use, and environmental footprint while simplifying permitting processes. This technological edge places Nano One at the forefront of the imminent North American LFP market boom, strongly supported by international partnerships and governmental funding.

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The transaction, valued at $15.7 million, significantly strengthens Nano One’s cash reserves while ensuring long-term operational stability in Québec through a 15-year lease agreement, with renewal options extending up to an additional 15 years.

Holmes emphasized that this move strategically positions the company to advance its commercialization and technology licensing initiatives with key partners. The capital infusion will support the scale-up of operations in Candiac, accelerating the company’s path to revenue generation from future lithium iron phosphate (LFP) production and licensing.

Nano One is now fast-tracking the expansion of its Candiac facility, targeting a production capacity of at least 1,000 tonnes per annum (tpa) of LFP cathode material, further solidifying its role in the growing battery materials sector.

The post Nano One Sells and Leases Back Candiac Facility to Strengthen Cash Position and Expand Operations appeared first on Nano One®.

Nano One's value proposition is both geopolitically relevant and economically compelling. The company's one-pot process offers an estimated 30% reduction in capital and operating costs while using 80% less energy compared to traditional methods. Although near-term margins may benefit from supply chain disruptions, the long-term competitiveness of Nano One's technology lies in its ability to enable high-volume, low-cost LFP production.

Investors have a timely opportunity to tap into the rapidly growing LFP battery market through Nano One Materials. With its innovative technology, strategic partnerships, and robust government support, the company is well-positioned as a key player in the global shift toward localized and sustainable battery production. As the world moves to reduce dependence on Chinese supply chains, Nano One stands poised to play a pivotal role in shaping the future of the lithium-ion battery industry.

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Unlike traditional cathode production facilities concentrated in Asia, Nano One has established North America's only specialized lithium iron phosphate (LFP) pilot plant in Quebec. This facility serves as both a proof of concept and a demonstration of the scalability of their technology. The company has attracted substantial attention from major industry players, forming strategic partnerships with established names like Sumitomo Metal Mining, Rio Tinto, and Worley.

Rather than pursuing traditional manufacturing, Nano One has adopted a technology licensing model. The company aims to deploy its innovative plant design packages globally, enabling partners to establish more efficient and environmentally conscious cathode production facilities. This approach has garnered support from multiple government entities, with funding received from U.S., Canadian, British Columbia, and Quebec authorities, reflecting the strategic importance of developing domestic battery supply chains in North America.

The company's strategy addresses several critical challenges in the battery industry: the need for more cost-effective production methods, the imperative to reduce the carbon footprint of battery manufacturing, and the strategic goal of diversifying global supply chains beyond Asia. Through its licensing model and strategic partnerships, Nano One is positioning itself as a key enabler in the transformation of how battery materials are produced worldwide.

Read Full Article by Crux Investor: https://www.cruxinvestor.com/posts/nano-one-materials-powering-the-battery-revolution-with-cleaner-cheaper-cathode-technology.

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Read Full Interview: https://investornews.com/critical-minerals-rare-earths/nano-ones-dan-blondal-on-the-18m-funding-from-the-government-of-quebec/

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December 9, 2024—Candiac, Quebec
Nano One hosted a press conference to announce $18 million in funding from the Government of Québec. These funds support the development and commercialization of the company's innovative One-Pot process for lithium iron phosphate (LFP) cathode active material production, as well as enhance Candiac facility's clean manufacturing capacity.

Christine Fréchette, Québec's Minister of Economy, Innovation, and Energy, remarked:
"Electric vehicle manufacturers are increasingly using LFP type batteries, so it is very interesting that Québec can position itself in this technology through the Nano One project."

Benoit Charrette, Québec's Minister of the Environment, Climate Change, Wildlife, and Parks, stated:
"Over the next few years, a huge leap forward will be made in terms of innovation and Nano One is a very, very good illustration of this, with a technology that has Québec roots."

Bicha Ngo, President and CEO of Investissement Québec, emphasized:
"Thanks to innovative, clean and competitive technology, Nano One contributes to meeting environmental challenges, while promoting responsible economic growth."

Denis Geoffroy, Chief Commercialization Officer at Nano One, highlighted:

"Because yes, the first tonne of commercial LFP was produced here in Quebec. The support announced today is excellent news for me for two reasons; because it supports LFP, Québec's first recent investment in this sector, and we are the only place outside of Asia that has produced LFP cathodes, and we are good at it.

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Blondal explained that the financing will support the piloting and commercialization of Nano One's proprietary One-Pot process and the expansion of production capacity at the company’s lithium iron phosphate (LFP) manufacturing facility in Candiac, Québec. The $15 million loan supports $63.4 million in eligible expenditures between January 2023 and December 2026, with $30 million already incurred.

Loan repayments will commence 60 months after the initial disbursement and will extend over the following five years. The $3 million grant is designated to reimburse expenses incurred at the Candiac plant and facilitate the transition to cleaner, more efficient manufacturing practices. Blondal emphasized that this funding strengthens Nano One’s mission to deliver sustainable battery materials and supports the company’s role in advancing Québec's clean energy and manufacturing ecosystem.

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The Quebec government has announced an investment of $18 million in Nano One to manufacture low-carbon batteries.

Economy Minister Christine Fréchette, Environment Minister Benoit Charette, and Health Minister Christian Dubé were at the Nano One plant in Candiac, south of Montreal, on Monday morning to make the announcement.

The investment will enable the company to convert its facilities in the Montérégie region into a pilot plant for the manufacture of cathode-active materials (CAMs).

A sum of $15 million will be used to finance the conversion of the plant and $3 million to help the company develop a technology that will help reduce greenhouse gas (GHG) emissions during the manufacture of lithium iron phosphate (LFP) CAMs used in batteries.

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