Ms. Lisa Skakun reports

NANO ONE ANNOUNCES INTERIM LEADERSHIP DURING CEO'S MEDICAL LEAVE

Alex Holmes, Nano One Materials Corp.'s chief executive officer and a member of the board of directors, will take a temporary medical leave of absence. The company expects Mr. Holmes to return in the coming months.

In consultation with Mr. Holmes, the board of directors has appointed Anthony Tse, board chair of Nano One, to assume the duties of chief executive officer on an interim basis. Mr. Tse will work with the senior management team to oversee operations and continue executing the company's strategy.

"Nano One has a strong and collaborative management team that is focused on advancing the company's objectives. Anthony brings a proven leadership and corporate track record, deep industry experience and an intimate knowledge of Nano One, which will provide steady leadership during Alex's absence," said Lisa Skakun, board director and chair of the people, compensation and governance committee. "On behalf of the board, we are confident in the team's ability to continue advancing the company's strategy and look forward to Alex's return and wish him a speedy recovery."

About Nano One Materials Corp.

Nano One is a process technology company changing how cathode active materials 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 waste water 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 capital expenditures, 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, B.C., while piloting, demonstration and commercial production are based in Candiac, Que., 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, Quebec and British Columbia.

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