Nano One Materials gets conditional nod to uplist to the TSX Venture Exchange

Nano One Materials Corp (CVE:NNO) (OTCPINK:NNOMF) (FRA:LBMB) announced that it has received conditional approval to list its common shares on the Toronto Stock Exchange under a new trading symbol “NANO.”  

The lithium-ion battery cathode materials producer currently trades on the TSX Venture Exchange. 

Final approval of the listing remains subject to Nano One meeting certain customary conditions of the TSX, including the provision of final documentation, which the company expects to occur by the end of June. At that time, Nano One shares will also be delisted from the TSXV.

“As part of our ongoing growth strategy, graduating to the TSX is an important milestone for Nano One,” CEO Dan Blondal said in a statement. “We are seeing increased interest in our One-Pot, M2CAM and coated single-crystal technologies because they can help enable the greening and cost reduction of a critical part of the battery materials supply chain.” 

READ: Nano One says cathode material joint development agreement with Asia-based partner clears initial two phases

“From ESG-focused institutional investors to deeper collaborations with battery materials players and end-users across the globe, we are positioning Nano One to capitalize on the much larger macro trend,” Blondal said. “In the last 18 months, we’ve successfully completed three financings, tripled our facilities size as part of demo plant scale-up, led the trend with continuous innovation success and have made measurable progress towards first commercialization of our technology, with a differentiated and sustainable cathode materials business plan.”

Vancouver-based Nano One has an industrial process for producing low-cost, high-performance cathode powders and a wide range of other advanced nanostructured composites. The materials are being designed to add value to electric vehicles (EVs) and grid-storage batteries in the global push for a zero-emission future. 

The company’s patented One-Pot process combines metals, lithium, additives and coatings in a single reaction, which, when dried and fired, produces a precursor that forms quickly into a single-crystal cathode along with its protective coating.

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Story by ProactiveInvestors