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Nano One Materials Corp
Symbol NNO
Shares Issued 67,107,302
Close 2019-09-26 C$ 1.27
Market Cap C$ 85,226,274
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FP says companies like Nano One generating publicity

2019-09-27 09:21 ET - In the News

The Financial Post reports in its Friday, Sept. 27, edition that on Tuesday, Prime Minister Justin Trudeau travelled to Burnaby, B.C., to announce his latest climate change efforts at the pilot plant of an upstart company that is tinkering with lithium-ion battery technology. The Post's Gabriel Friedman writes that the PM's choice of venue revealed much about the opportunities in Canada as a new supply chain takes shape on the electric vehicle industry, which relies on lithium-ion batteries, not oil. The latest rush around battery metals may end up providing more opportunities to this country's fledgling technology sector. It is companies such as Nano One Materials ($1.27), as well as lithium brine extraction and recycling companies that are generating publicity, drawing investments, partnerships and government support for their plans to build businesses around the rising demand for lithium. Nano One boss Dan Blondal says: "Our model is really to form partnerships with the large established players and license out our technology. They're going to be better at supply chains, but what we are good at is process innovation." Nano One is focusing on what is expected to be a $23-billion market for cathodes by 2025.

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