Nano One Awarded C$5 Million from the Government of Canada to Support Capacity Expansion at its Candiac Facility and Advance One-Pot LFP Commercialization

Executive Summary

• Nano One Materials Corp. received a C$5 million non‑repayable contribution from Natural Resources Canada (NRCan) under the Energy Innovation Program to scale production of its patented One‑Pot lithium‑iron‑phosphate (LFP) cathode material.
• The funding supports expansion of the Candiac, Québec facility from 200 tpa to a minimum of 800 tpa (potentially >1,000 tpa) and related product‑development activities at both Candiac and Burnaby sites through March 31 2027.
• Sumitomo Metal Mining will act as an in‑kind technical partner on the project, enhancing Nano One’s commercialization pathway and licensing opportunities.

Key Details

• Funding amount: C$5 million non‑repayable contribution from NRCan (Energy Innovation Program).
• Purpose of funds: Eligible operating and capital expenditures for scale‑up, product development, and commercialization of One‑Pot LFP at Candiac and Burnaby facilities.
• Scale‑up target: Increase production capacity at Candiac from 200 tpa to ≥800 tpa, with flexibility to reach >1,000 tpa.
• Project timeline: Funding supports activities through March 31 2027.
• Partner involvement: Sumitomo Metal Mining provides technical expertise as an in‑kind partner.
• Strategic context: Builds on prior funding from U.S. Department of Defense, Next Generation Manufacturing Canada (NGen), Investissement Québec, and Technoclimat; aligns with G7 supply‑chain resilience goals.
• Commercial implications: Enhances Nano One’s ability to deliver LFP for energy storage systems, defence, EVs, and other markets; supports service revenue from licensee training and process improvements; positions the company for future licensing/licensing‑related royalties.

Notable Quotes

• “This investment strengthens our path to commercialization and reinforces Canada’s position as a leader in clean‑technology manufacturing,” – Dan Blondal, CEO, Nano One.
• “The Government of Canada is proud to support Nano One as they scale up their made‑in‑Canada battery innovation…” – The Honourable Tim Hodgson, Minister of Energy and Natural Resources.