VANCOUVER, BC — November 11, 2025 — Leads & Copy — Nano One Materials Corp. (TSX:NANO)(OTCQB:NNOMF)(Frankfurt:LBMB) has released its Q3 2025 financial results and provided an update on subsequent events, highlighting operational and strategic advancements.
The company reported net assets totaling $16.5 million and working capital of $16.6 million as of September 30, 2025. An at-the-market (ATM) equity offering launched in September 2025 has generated net proceeds of $0.2 million through September 30, 2025, with an additional $2.4 million raised by October 31, 2025.
Operational highlights include the installation of a proprietary agitator in a full-scale One-Pot™ reactor at Candiac, increasing throughput capacity by approximately 50% and reducing operating expenses. A Front-End Engineering & Design (FEED) study has been completed as part of a capacity expansion plan targeting at least 800 metric tons per year at the Candiac Operation. A financial investment decision has been made to proceed with detailed engineering and initial procurement activities related to the capacity expansion.
Strategic updates include Sumitomo Metal Mining’s confirmation of Nano One as a key technology partner, advancing collaboration towards LFP commercialization. Nano One has also pre-qualified multiple sources of lithium carbonate from Rio Tinto for future LFP cathode material production and expanded its patent portfolio with five new patents for LFP, NMC, and LNMO cathodes.
Lithium-iron phosphate (LFP) cathode materials production is being piloted at Nano One’s Candiac, Québec facility, which was retrofitted with the company’s One-Pot processing technology. The facility was upgraded in 2023 with new 2,000-liter pilot-scale One-Pot reactors with a production capacity of 200 tonnes per annum (tpa). The pilot facility is also being used to improve Nano One’s LFP product, technology and operational know-how for high-volume commercial manufacturing and licensing opportunities in the BESS, automotive, and AI data center market segments.
The company has identified two stages of capacity expansion. The first stage will demonstrate the technology at commercial scale by integrating and automating existing equipment, expanding capacity to a minimum of 800 tonnes per annum (tpa). The second stage will support anticipated customer ramp-up and future sales by boosting capacity to 1,000+ tpa. The company has made a Financial Investment Decision (FID) to proceed with detailed engineering and procurement activities over Q4 2025 and Q1 2026, targeting commissioning completion in H1 2027. FID for the second phase will align with customer demand growth.
Nano One has been awarded $5.0 million in non-repayable funding from NRCan under the Energy Innovation Program to scale LFP cathode material production and accelerate commercialization. The funding supports Nano One’s work at the Candiac, Québec, and Burnaby, British Columbia facilities through March 31, 2027.
Nano One’s intellectual property portfolio has expanded with the allowance and/or issuance of five new patents in North America and Asia, bringing its total to 52 granted, one allowed, and 54 pending worldwide. Recent patents include improvements in synthesis methods for lithium metal phosphate cathode active materials, the M2CAM® technology using the One-Pot sulfate-free process, and a novel battery assembled with high voltage spinel LNMO cathode material.
For more information, please refer to the company’s financial statements and MD&A, which are available at www.sedarplus.ca.
Company Contact:
Paul Guedes
info@nanoone.ca
(604) 420-2041
Source: Nano One Materials Corp.
