Nano One Receives C$10.9M from Financing and Government Programs

Executive Summary

• Nano One Materials Corp. received US$2.84 M in reimbursements from U.S. government support programs for Q2‑Q3 2025 expenses.
• The company closed an overnight marketed financing on Dec 10 2025, raising C$6.96 M in gross proceeds.
• Combined with existing commitments, the funding now extends Nano One’s cash runway into 2027 and supports its capacity‑expansion and revenue‑generation plans.

Key Details

• Government Reimbursements Received: US$2,841,863 (≈C$3.95 M) for expenses incurred in Q2 and Q3 2025 under a previously awarded U.S. funding agreement.
• Financing Closed: C$6,958,700 gross proceeds from an overnight marketed financing (“Offering”) completed on Dec 10 2025.
• Remaining Government Funding Commitments: C$25.8 M in reimbursements expected to be received during the 2026‑27 period from Québec, Canadian federal, and U.S. programs.
• Use of Proceeds / Funding Strategy: The newly raised capital, together with pending government reimbursements, will fund runway extension into 2027, support capacity expansion, strategic partnerships, and accelerate commercialization of Nano One’s One‑Pot™ lithium iron phosphate (LFP) processing technology.
• Strategic Context: Funding aligns with the U.S. National Defense Authorization Act (NDAA) restrictions on foreign battery component sourcing effective Jan 2027 and the G7 Critical Minerals Action Plan, positioning Nano One to benefit from emerging North American battery supply‑chain initiatives.

Notable Quotes

“The proceeds received in the past two weeks add to our cash on hand… these funds now help the Company extend its runway into 2027 and allow Nano One to focus on the pathway to capacity expansion, revenue generation, and production through strategic partnerships.” – Dan Blondal, CEO, Nano One Materials Corp.