Nano One Materials Corp.

(NNO:CA)

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Nano One Story

Since 2011, the team at Nano One has been working towards developing a superior way to make nanomaterials.

Here’s a closer look at the Nano One story:

2011: Funds were raised and the Canadian company, Perfect Lithium, was launched with laboratory facilities in North Carolina, USA. The concept was to develop and commercialize a concept that could change the way lithium ion cathode materials were made and is the basis of Nano One’s technology.

2012: Laboratory set up in North Carolina was completed and first powders de-risked the concept by mid year, fuelling additional investment and proof-of-concept by year’s end.

2013: The first five patent submissions were filed and additional funding came in from Canadian government IRAP and existing shareholders with the announcement of third-party materials testing agreements.

2014: More patents submissions were filed and third-party evaluation of materials confirmed Perfect Lithium’s internal results. The laboratory was moved to Vancouver and commercialization partnership with BC Research Inc. (BCRI) was initiated. Perfect Lithium signed a Reverse Takerover amalgation deal with Dundarave Resources, and rebranded itself to Nano One Materials Corp. and closed a $2-3$M financing in early 2015.

2015: Plans are to expand IP portfolio, optimize process, test materials in larger batteries, complete piloting study, design and fabrication.

2016: Plans are to commission and demonstrate pilot line, produce materials for third party testing and begin licensing and partnership discussions towards commercialization.

Technology

Nano One has discovered and is developing patented and scalable processing technology to make high performance energy storage materials affordable for the lithium-ion batteries used in consumer electronics, vehicles and industrial storage.

The core technology assembles low-cost raw materials in solution (such as lithium, cobalt, magnesium) at high rates of production, prior to industrial driers and kilns completing the reaction. The three-stage process can produce many kinds of ceramic powders, uses equipment common to industry and is already being engineered, with industrial partners NORAM and BC Research, for high volume production and rapid commercialization.

Nano One believes that efficient nanostructuring of composite materials, can bring the cost and performance improvements needed to cut cathode material costs by up to 50% in terms of $/kWh. The technology also has growth potential in many other markets, where the game changing properties of nanoscale materials can be realized if made affordable.

Advantage

Nano One’s advantage is a low cost process to enable high volume production of a wide range of advanced materials. The first target market is $2-3 billion in lithium ion battery cathode materials.

The patented technology enables rapid formation of high performance nano-scale structures early in a three-stage production cycle. Innovative control of particle size eliminates the need for repetitive grinding, milling, filtering and prolonged thermal treatment that are common to other dominant industrial processes.

Crystal structures are formed from inexpensive raw materials reacting at mild temperatures under atmospheric pressures in fast acting, versatile conditions. Through clever manipulations, the process avoids complexing agents, surfactants, templates, emulsifiers and other chemicals.

Better Batteries

Nano One believes that cost-effective production of nanostructured cathode materials can address pent-up global demand for better batteries.

Nano One believes that cost-effective production of nanostructured cathode materials can address pent-up global demand for better batteries. It is a $2-3 billion market and cathode materials are found in the lithium ion batteries that power consumer electronics, electric vehicles and industrial storage.

Lithium ion batteries have two electrodes, the anode and the cathode, that transmit lithium ions through an electrolyte with a porous membrane to separate the electrodes. The electrodes are thin foils coated with powdered materials that store and release ions during energy charge and power delivery. The anode material is most commonly made of graphite, while the cathode is of lithium and a matrix of other metals that can include cobalt, manganese, nickel, aluminum or iron in the form of oxides, phosphates, silicates and others.

The Challenge

Cathode powders have great potential to change battery performance and also account for a quarter of the cost of a typical battery cell. The challenge with any advanced material is to boost performance and reduce cost. For batteries, this means reducing the cost of raw materials and processing while boosting capacity, charge and cycling.

Some of the more promising cathode materials being developed in labs around the world are using processes with 50 to 100 steps and production cycles of 4-7 days. Nano One’s technology can use lower grade raw materials and complete a production cycle in less than a day using a three stage process with up to 75% fewer steps. There is less handling, lower cost capital equipment, no waste solvents, 90-95% yield, many fewer failure points, higher safety and flexibility to run different material formulations in a controlled and sealed environment.

The Upshot

Nano One’s technology could reduce costs by up to 50% ($/kWh) delivering robustly structured cathode materials that last 2-3 times longer, store more energy and deliver more power. For electric vehicles, this could translate into fewer battery cells, less weight, less cost extended range, longer lifetime or better warranties. For consumer electronics, this could mean greater storage, faster charging or more power.

Nanomaterials

Nano One is aiming to disrupt materials manufacturing markets with affordable higher performance alternatives.

Nanomaterials are substances with structural features measured in nanometres, which is billionths of a metre or millionths of a millimetre, sized between molecular and microscopic. There can be nanometre-sized particles or crystals, or nanometre-sized structures within larger particles. Nanomaterials can be organic or inorganic; they can be made of metals, ceramics, semi-conductors, polymers or composites.

The properties of materials at these nanoscales differ significantly from those at a larger scale. These nanometre-sized features behave in unique ways and have valuable optical, magnetic, electronic, mechanical and chemical properties. Nanomaterials are found in natural substances such as clays, gemstones, feathers and bones. For instance, they waterproof leaves, give iridescence to abalone shells, and provide grip for creatures like geckos to climb walls.

Synthetic nanomaterials have been prepared for decades in paints, gels, clays, chemical catalysts and as features on microchips. However, recent advances in analytical tools have enabled researchers to probe atoms and molecules with great precision, fueling the discovery, design, characterization, production and application of these materials into structures, devices and systems that could touch many aspects of our modern lives.

Controlling the structure and size of these materials at the nanometre scale is complex, and too costly for most industrial applications. Nano One believes it has a manufacturing solution that will change the way nanomaterials are made and lead the industrial world in a new generation of materials.

Made Affordable

Specialty Methods Industry Methods Nano One Method
$$$/kWh $$/kWh $/kWh
Sol-gel
Spray pyrolysis
Vapor deposition
Plasma Synthesis
Solid State Synthesis
Precipitation
Hydrothermal

Mild temp / atm pressure
Simple scalable
controlled nucleation
controlled growth

Low Volume
High Performance
High Volume
Medium Performance
High Volume
High Performance

The vast majority of today’s materials are not nanoscale. Industry processes raw materials into fine or very fine powders by crushing, grinding, milling, blending, dissolving, precipitating, washing and filtering, sometimes in the presence of aggressive chemicals, high heat and pressure. For batteries, this impacts the structural integrity of the material, limiting complexity, uniformity, surface area, longevity, capacity, charging and cycling. These methods are widely used by industry and known as Solid State, Hydrothermal and Precipitation.

There are other specialty methods, where atoms or molecules can be assembled in a structured manner using methods that include Laser Ablation, Pyrolysis, Sol-Gel, Vapor Deposition, Plasma Synthesis, Combustion and Precipitation. Such methods are used in research and in industry where small volumes and high profitability permit. Generally, they are too costly, complex and impractical for high-volume production of materials such as those used in batteries.

Nano One’s technology differs from these methods because it enables controlled assembly of inexpensive raw materials at mild temperatures under atmospheric pressures in fast acting, versatile conditions using simple, scalable and cost effective industrial equipment suited to high volume production.

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Nano One Materials Corp.

Profile

Nano One is a Canadian technology company with a scalable industrial process for producing low cost high performance battery materials and a wide range of other advanced nanostructured composites. This novel three-stage process uses equipment common to industry and is being engineered for high volume production and rapid commercialization.

Contact Information

Website: nanoone.ca
Main Phone: +1 604 669-2701
Address: 650 West Georgia Street
Address 2: Suite 620
State: BC
City / Town: Vancouver
Country: CAN
Postal Code: V6E 2K3

Issuer Information

Exchange: CDX
CEO: Dan Blondal
Issuer Type: CS - Common Stock
Sector/Industry: Cyclical
NAICS: All Other Basic
$ 0.48 $ 0.02 (4.35%)
Last Price 0.48 Change $ 0.02 Change % 4.35 Tick N/A
Bid 0.47 Bid Size 13,000.00 Ask 0.48 Ask Size 500.00
Open 0.47 High 0.48 Low 0.47 Prev Close 0.46
Last Trade Volume 66,099 52 Wk Hi 0.75 52 Wk Low 0.25
Market Cap 27.8 mi Ex-Div Date N/A Div Rate N/A Yield N/A
Shares 57,869,534.00 EPS (TTM) -0.05 PE Ratio N/A Exchange TSXV