dailynewsnblog
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A Canadian iron oxide producer is advancing toward tonne-scale validation and the recently announced Canada DevCo project plans to connect domestic upstream resources to local LFP cathode production5. The Company is also qualifying early-stage samples from producers and developers in Canada across all three inputs—lithium, phosphate and iron—the focus being on building a supply base in tandem with resource owners and developers in Canada that are bringing their projects online in the coming years. The Candiac expansion is supported by the Government of Canada, the Government of Québec and the U.S. Department of Defense (DoD).
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Europe
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Europe is one of the DevCo jurisdictions identified in the Company’s August 26, 2026 strategy update, alongside Canada and the United States. The program has European sources for two of the three inputs: phosphoric acid has been pre-qualified, and iron oxide is in validation.
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Procurement Rules Are Tightening
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In the USA, Section 842 of the FY2026 National Defense Authorization Act (10 U.S.C. § 4865) requires the Department of War (DoW) to procure advanced batteries whose functional cell components—including cathode materials—are not owned, sourced, refined or produced by a foreign entity of concern (FEOC), starting with new acquisition programs on January 1, 20286. A battery qualifies only where final assembly is by a non-FEOC, more than 95% of functional-cell-component cost is non-FEOC, and it is produced without technology licensed from a FEOC.
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The program documents the provenance of LFP cathode inputs for cell manufacturers subject to FEOC rules, and One-Pot is technology that Nano One owns. Under the U.S. Defense Production Act (DPA), a business producing in Canada qualifies as a domestic source7, along with the fact that Canada is part of the U.S. National Technology and Industrial Base8.
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The Company continues to target initial commercial LFP supply agreements for small-scale defence and energy storage applications; commissioning of the expanded ~800 tpa Candiac capacity is expected in the first half of 20279.
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About Nano One®
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Nano One® Materials Corp. (Nano One) is a process technology company changing how cathode active materials (CAMs) are produced for lithium-ion batteries. Nano One’s platform is built on a portfolio of patented processes, decades of manufacturing know-how and modular plant designs that enable scalable, cost-competitive and easier-to-permit CAM production with resilient supply chains. The technology eliminates wastewater and byproducts while enabling regionally sourced raw materials and reducing exposure to foreign supply chain volatility. Modular plants are designed with fewer steps to reduce capex, energy and environmental intensity and to accelerate deployment, manufacturing and licensing. Product development and process optimization are based at Nano One’s Innovation Centre in Burnaby, British Columbia while piloting, demonstration and commercial production are based in Candiac, Québec, supported by a team with more than 15 years of commercial cathode manufacturing experience supplying global cell manufacturers. Strategic collaborations with global partners including Sumitomo Metal Mining, Rio Tinto and Worley support Nano One’s Design-One-Build-Many growth strategy. Nano One has received funding support from the Governments of Canada, the United States, Québec and British Columbia.
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For more information, please visit nanoOne.ca.
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Cautionary Notes and Forward-Looking Statements
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Certain information contained herein may constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking information can be identified by the use of terminology such as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’, ‘target’, ‘goal’, ‘potential’ or variations of such words and phrases or statements that certain actions, events or results “will” occur.
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Forward-looking information in this news release includes, but is not limited to: the progress, timing and outcomes of the Company’s feedstock qualification program, including the pre-qualification of lithium carbonate and phosphoric acid sources, the advancement of iron oxide sources through validation (including toward tonne-scale validation), and the pre-qualification of Canadian and other sources across lithium, phosphate and iron inputs; the time required to progress feedstock through sample stages to qualification; the ability of the One-Pot™ process to produce LFP cathode active material from ex-China feedstock, accept a range of iron inputs, and remove reliance on iron phosphate precursor (pCAM); the anticipated benefits of pre-qualified feedstock specifications and sources for the Company’s licensing strategy, including the expectation that licensees can accelerate their path to operations by 12 months or more; the Company’s strategy to establish LFP cathode production in DevCo jurisdictions, including the Canada DevCo project and the potential for European and U.S. DevCos; anticipated market demand and growth for LFP in energy storage, electric vehicle and defence applications; the anticipated impact of Canadian and U.S. procurement rules, policies and priorities, including Section 842 of the FY2026 National Defense Authorization Act, the U.S. Defense Production Act and Canada’s Critical Minerals List and Defence Industrial Strategy, on demand for the Company’s technology and supply; the Company’s expectation that its Canadian operations qualify as a domestic source under U.S. procurement rules; the anticipated provenance documentation of LFP cathode inputs for cell manufacturers; the Company’s target of initial commercial LFP supply agreements for small-scale defence and energy storage applications; and the timing of commissioning of the expanded ~800 tpa Candiac capacity, expected in the first half of 2027.
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Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made and are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: the ability of feedstock suppliers to meet the Company’s quality, consistency, volume, cost and timing requirements, and the risk that pre-qualified or validated sources do not progress to full qualification or commercial supply; the availability, quality and stage of development of Canadian and other regional feedstock sources; changes to, or differing interpretations of, procurement rules and government policies, including foreign entity of concern requirements; trade and export controls and general and global economic, geopolitical and regulatory changes; the timely execution of the Company’s business plans, including the Candiac expansion and commissioning; the Company’s ability to establish DevCos and attract licensees, partners, customers and capital on acceptable terms; the development of technology, supply chains and cathode production facilities; the Company’s ability to convert customer discussions into definitive commercial agreements; successful collaborations with OEMs, miners, governments or others; the Company’s ability to achieve its stated goals and commercialize its technology and patents via license, joint venture, DevCo or independent production; the accuracy of third-party data and projections regarding LFP and battery storage demand; anticipated global demand and projected growth for LFP batteries; and other risk factors as identified in Nano One’s Annual Information Form dated March 25, 2026, for the year ended December 31, 2025, its MD&A for the year then ended, and in recent securities filings for the Company which are available at
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. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
