Nano One Receives C$5M Contribution from NRCan to Scale and Commercialize One-Pot Lithium Iron Phosphate

Strategic Insights -

Natural Resources Canada has awarded a C$5 million non-repayable contribution to Nano One to scale production of One-Pot lithium iron phosphate (LFP) cathode active materials and accelerate commercialization. The funding will support Nano One's ongoing work at its Candiac and Burnaby facilities through March 31, 2027, enabling the development of different product grades of One-Pot LFP to meet performance requirements across various applications. The project aligns with G7 efforts to build resilient and diversified supply chains for critical minerals and battery materials.

Key Takeaways:

  • Nano One receives C$5 million non-repayable contribution from NRCan to support the scaling and commercialization of One-Pot LFP.
  • The funding will support the development of different product grades of One-Pot LFP to meet performance requirements across various applications, including energy storage systems, defence, electric vehicles, and other markets.
  • The Candiac facility will serve as a critical bridge between customer validation, first revenues, and demonstrating the technology in production-intent equipment to support future licensing opportunities.
  • The project will enable Nano One to scale up production from 200 tpa to a minimum of 800 tpa with the flexibility to reach 1,000+ tpa to meet customer demand.
  • Sumitomo Metal Mining will contribute technical expertise as in-kind support through this NRCan award.
  • The C$5 million contribution will cover eligible operating and capital expenditures for scale-up, product-development, and commercialization activities at both facilities.

Statistics:

  • C$5 million: the non-repayable contribution from NRCan to support the scaling and commercialization of One-Pot LFP.
  • 200 tpa: the current production capacity at the Candiac facility.
  • 800 tpa: the minimum production capacity to be achieved with the support from NRCan.
  • 1,000+ tpa: the potential production capacity to be reached to meet customer demand.

Sources:

  • "Nano One Announces C$5 Million Non-Repayable Contribution from NRCan for One-Pot Lithium Iron Phosphate Scale-Up and Commercialization." Nano One Materials Corp. Press Release, 2023.