Nano One awarded $10 million from Sustainable Development Technology Canada
Mike EdwardsNews People in Process award Lithion Battery lithium iron phosphate Nano One Materials Rio Tinto SDTC
Nano One Materials Corp. of Vancouver has announced an award of $10 million in non-dilutive, non-repayable contributions from Sustainable Development Technology Canada (SDTC).
These funds will support the conversion of Nano One’s recently acquired Candiac facility to the patented One-Pot Process for industrial-scale pilot production of lithium iron phosphate (LFP). SDTC’s continued support has been an important contribution to Nano One’s success and will accelerate the LFP piloting while advancing the plan towards commercial operations.
The SDTC project also includes financial support for the design, construction, and operation of a multi-cathode piloting hub (MCPH) to help customize and advance Nano One’s One-Pot and metal-direct-to-CAM (M2CAM) processes for the industrial scale pilot production of next-gen LFP, NMC and LNM cathode active materials (CAM). These processes are being developed independently by Nano One and jointly with global cathode partners, and various automotive collaborators for future licensing, joint venture, and independent production opportunities.
Nano One will lead the project with valuable contributions from consortium partners Rio Tinto, Lithion Battery Inc., and an undisclosed automotive OEM.
“These funds will help us fast track the conversion of North America’s only LFP plant to Nano One’s patented One Pot Process,” said Nano One CEO Dan Blondal (above).
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