Volatus Aerospace and VoltaXplore Sign LOI for Canadian-Made Battery Supply to Power Next-Gen Drones

Executive Summary

• Volatus Aerospace and NanoXplore subsidiary VoltaXplore have signed a Letter of Intent to supply Canadian‑made, silicon‑dominant lithium‑ion battery cells for Volatus’ next‑generation UAV platforms.
• The agreement secures domestic sourcing for both companies, enhances supply chain resilience, and aligns with Canada’s push for homegrown aerospace and critical minerals capabilities.
• Initial deliveries will come from VoltaXplore’s 1 MWh Montreal facility, with capacity expansions tied to Volatus’ future drone platform development timeline.

Key Details

• Parties Involved: Volatus Aerospace Inc. (TSXV: FLT) and VoltaXplore Inc., a subsidiary of NanoXplore Inc. (TSX: GRA).
• Agreement Type: Letter of Intent for future supply of lithium‑ion battery cells; formal supply agreement to be finalized subsequently.
• Product Specification: Advanced, silicon‑dominant battery cells designed for increased endurance, faster charging, and improved cold‑weather performance in UAVs.
• Supply Capacity: VoltaXplore will allocate production capacity from its 1 MWh Montreal facility (operational since 2022).
• Strategic Benefits – Volatus: Domestic sourcing, enhanced technological self‑reliance, alignment with anticipated federal investments in Canadian manufacturing, and strengthened product differentiation for civil, defense, and Arctic surveillance markets.
• Strategic Benefits – VoltaXplore/NanoXplore: Entry into aerospace market vertical, diversification beyond electric mobility and grid storage, support for NanoXplore’s long‑term growth strategy.
• Economic Impact: Supports Canadian job creation, domestic supply chain development from critical materials to finished aerospace products, and reduces reliance on external energy‑storage sources.
• Future Plans: Capacity expansion will be coordinated with Volatus’ new platform development timeline; exact volumes and pricing terms to be defined in the forthcoming formal agreement.

Notable Quotes

“Volatus is proud to partner with VoltaXplore to secure a 100% Canadian supply of next‑generation batteries for our UAV platforms… This partnership ensures the entire value chain, from advanced materials to finished aircraft, remains in Canada, building domestic aerospace capacity and strengthening our defense industrial base.” – Glen Lynch, CEO, Volatus Aerospace

“This LOI is a milestone in bringing Made‑in‑Canada battery technology to the forefront of aerospace innovation… we’re building a Canadian supply chain that serves both civil and defense missions while driving economic growth here at home.” – Dr. Soroush Nazarpour, President & CEO, NanoXplore Inc.