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 non‑binding 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, supports Canada’s aerospace and defense industrial policy, and opens a new aerospace market vertical for VoltaXplore.
• 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 negotiated 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 Rationale: Enhances Volatus’ product differentiation and supply chain security; provides VoltaXplore entry into the aerospace market, complementing its electric‑mobility and energy‑storage businesses.
• Alignment with Policy: Supports Canadian government objectives to build domestic industrial capabilities in aerospace, critical minerals, and defense.
• Future Expansion: Capacity expansion plans will be aligned with Volatus’s new platform development timeline (details to be defined in the formal agreement).
• Quotes:
• Glen Lynch, CEO of Volatus Aerospace – emphasized the partnership’s role in securing a 100 % Canadian battery supply and strengthening domestic aerospace capacity.
• Dr. Soroush Nazarpour, President & CEO of NanoXplore – highlighted the milestone for Made‑in‑Canada battery technology and its application to civil and defense UAV missions.

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.” – 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.