Mr. Paul Guedes reports

NANO ONE MATERIALS CORP. ANNOUNCES PRICING AND TERMS OF OVERNIGHT MARKETED OFFERING

Nano One Materials Corp. has priced its previously announced commercially reasonable efforts overnight marketed underwritten offering of units of the company.

Pursuant to the offering, the company intends to issue 4.65 million units at a price of $1.40 per unit for gross proceeds of approximately $6.51-million. Each unit shall comprise one common share of the company and one-half of one common share purchase warrant. Each warrant shall be exercisable into one common share of the company for a period of 24 months from the closing date (as herein defined) at an exercise price of $1.75 per warrant share, subject to adjustment in certain events.

The offering is expected to be completed pursuant to an underwriting agreement to be entered into between the company and Canaccord Genuity Corp., as lead underwriter and sole bookrunner, and a syndicate of underwriters, including Roth Canada Inc. and Cormark Securities Inc. The company has agreed to grant the underwriters an overallotment option, exercisable, in whole or in part, in the sole discretion of the lead underwriter, to purchase up to an additional 15 per cent of the number of units sold in the offering for up to 30 days from the closing date of the offering. The overallotment option is exercisable to acquire units, unit shares and/or warrants (or any combination thereof) at the discretion of the lead underwriter.

The units will be offered by way of a prospectus supplement to the company's base shelf prospectus dated April 26, 2024, to be filed in each of the provinces of Canada, except Quebec, and the units may be also offered in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended, subject to receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange, and in those other jurisdictions outside of Canada and the United States, provided that no prospectus filing or comparable obligation arises in such other jurisdiction.

The net proceeds of the offering are expected to be used for, business development activities, expansion of the company's Candiac facility, working capital and general corporate purposes.

The closing of the offering is expected to occur on or about Dec. 10, 2025, and will be subject to market and other customary closing conditions.

The base shelf prospectus is available under the company's profile on SEDAR+, and upon the signing of the underwriting agreement, the prospectus supplement will be filed and available on SEDAR+. Alternatively, the prospectus supplement and accompanying base shelf prospectus may be obtained free of charge and upon request by contacting the company by e-mail at info@nanoOne.ca.

About Nano One Materials Corp.

Nano One is a technology company changing how the world makes cathode active materials for lithium-ion batteries. Applications include stationary energy storage systems (ESS), portable electronics and electric vehicles (EVs). The company's patented One-Pot process reduces costs, is easier to permit, and lowers energy intensity, environmental footprint and reliance on problematic supply chains. The company is supporting the drive toward energy security, supply chain resilience, industrial competitiveness and increased performance through process innovation. Production is being piloted and demonstrated in Candiac, Que., drawing on the existing plant and decades of commercial lithium-iron phosphate (LFP) manufacturing experience. Strategic collaborations and partnerships with international companies like Sumitomo Metal Mining, Rio Tinto and Worley are supporting a design-one-build-many licensing growth strategy -- delivering cost-competitive, easier-to-permit and faster-to-market battery materials production solutions worldwide. Nano One has received funding from the government of Canada, the government of the United States, the government of Quebec and the government of British Columbia.

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