Volatus, Nanoxplore sign LOI for Li battery supply

Executive Summary

• Volatus Aerospace Inc. and Voltaxplore Inc. (a Nanoxplore subsidiary) signed a Letter of Intent to supply Canadian‑made silicon‑dominant lithium‑ion battery cells for Volatus’s next‑generation UAV platforms.
• The agreement secures domestic sourcing, enhances supply‑chain resilience, and supports both companies’ growth in civil, defence, and Arctic surveillance markets.
• Initial deliveries will come from Voltaxplore’s 1 MWh Montreal facility, with capacity expansions tied to Volatus’s platform development timeline.

Key Details

• Parties Involved: Volatus Aerospace Inc.; Voltaxplore Inc. (subsidiary of Nanoxplore Inc.).
• Agreement Type: Letter of Intent for future supply of lithium‑ion battery cells; formal supply agreement pending.
• Product: Silicon‑dominant, high‑performance lithium‑ion battery cells engineered and manufactured in Canada.
• Supply Source: Voltaxplore’s Montreal facility (operational since 2022) with a capacity of 1 MWh; allocation to be dedicated for Volatus upon agreement finalization.
• Strategic Benefits for Volatus:
• 100 % Canadian supply chain for UAV batteries.
• Improved drone endurance, faster charging, and enhanced cold‑weather performance.
• Strengthened domestic sourcing and alignment with anticipated federal investments in Canadian aerospace manufacturing.
• Strategic Benefits for Voltaxplore/Nanoxplore:
• Entry into the aerospace market vertical.
• Expansion of Nanoxplore’s growth strategy beyond electric mobility and grid storage.
• Market Impact: Supports Canada’s policy goals to build homegrown industrial capabilities in aerospace, critical minerals, and defence; creates skilled jobs and reduces reliance on foreign energy‑storage sources.
• Future Outlook: Initial deliveries scheduled from the Montreal facility; further capacity expansions will be coordinated with Volatus’s new UAV platform development timeline.

Notable Quotes

• Glen Lynch, CEO – Volatus Aerospace: “Volatus is proud to partner with Voltaxplore to secure a 100‑percent‑Canadian supply of next‑generation batteries for our UAV platforms… This partnership ensures the entire value chain remains in Canada, building domestic aerospace capacity and strengthening our defence industrial base.”
• Dr. Soroush Nazarpour, President & CEO – Nanoxplore: “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 defence missions while driving economic growth here at home.”