Nano One Advances Development Company Project to Build LFP Cathode Production in Canada

Article content

Article content

Cautionary Notes and Forward-Looking Statements

Article content

Certain information contained herein may constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes, but is not limited to: the Company’s strategy to deploy LFP cathode production in Canada through the advancement and establishment of the Canada DevCo; the anticipated structure, benefits and financing of the DevCo model, including the ability to pair Nano One’s technology, engineering and services with partners contributing construction capital and offtake, and the financing of projects on their own merits through a combination of government and private investment; the proposed 25 ktpa cathode production facility and the potential expansion to up to 100 ktpa of production capacity; the conduct and outcomes of site evaluation studies, including the identification of preferred site options, the assessment of access to utilities, infrastructure and permitting roadmaps, and the preparation of operational site options; early development workstreams, including engineering of the standardized 25,000-tonne-per-year plant design and the receipt of announced anticipated funding from the Government of Canada/NRCan and other government related grants and loans; customer qualification activities at the Candiac Facility and the application of experience from its operation to future production facilities; the progression and outcomes of discussions and engagements with potential customers, strategic partners, suppliers and government stakeholders; the qualification of regional suppliers of lithium carbonate, phosphoric acid, iron and plant equipment and the establishment of a Canadian and allied supply chain; the ability of the Project to serve ESS, EV and defence markets; the anticipated benefits of Canadian industrial power costs, low-carbon electricity and regional access to input materials, and alignment with Canadian automotive, defence and critical minerals strategies; and the Company’s expectation to provide further updates. Generally, forward-looking information can be identified by the use of terminology such as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’, ‘target’, ‘goal’, ‘encouraged’, ‘projected’, ‘potential’ or variations of such words and phrases or statements that certain actions, events or results “will” occur.

Article content

Article content

Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made and are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: receipt of the total amount of announced anticipated funding from the Government of Canada/NRCan and other government related grants and loans; use of proceeds; the quality, availability and stage of development of Canadian feedstock suppliers of lithium carbonate, phosphoric acid and iron meeting the Company’s requirements, technical specifications and timelines; the outcomes of the site evaluation study and the Company’s ability to identify and secure a suitable site on acceptable terms and timelines, including with respect to permitting; ongoing product and process improvement and innovations as potential additional revenue opportunities for the Company; the Company’s efforts to de-risk regional supply chains for the Project and its partners; general and global economic and regulatory changes; next steps and timely execution of the Company’s business plans; the development of technology, supply chains, and plans for construction and operation of cathode production facilities; risks relating to cost overruns, delays, and execution challenges associated with engineering, procurement, construction, and scale-up activities; successful current or future collaborations that may happen with OEMs, miners or others; the execution of the Company’s plans which are contingent on capital sources; the Company’s ability to achieve its stated goals; the commercialization of the Company’s technology and patents via license, joint venture and independent production; the Company’s efforts to build resilient and sustainable supply chains for critical minerals and battery materials; anticipated global demand and projected growth for LFP batteries; and other risk factors as identified in Nano One’s Annual Information Form dated March 25, 2026, for the year ended December 31, 2025, its MD&A for the year then ended, and in recent securities filings for the Company which are available at

Article content

Article content

Article content

. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Article content

Article content

Article content

Article content

Article content

View source version on businesswire.com:

Article content

Article content

Article content

Article content

Article content