Canadian lithium-ion battery materials developer Nano One Materials has been granted C$18 million in financing from the Government of Québec to support the piloting of the company’s One-Pot process and increase production capacity at its Candiac plant.
The financing includes a $15-million Canadian ($10.5-million US) loan from the Ministry of the Economy, Innovation and Energy (MEIE) through its mandated organization Investissement Québec and a C$3-million grant from the Ministry of the Environment.
The funds will cover some of the expenses incurred during the construction and operation of the company’s 200-tonne-per-year pilot line that was successfully commissioned in 2023, and for the capacity expansion planned at the facility in 2025 and 2026.
The loan supplements a $12.9-million grant the country was awarded by the US Department of Defense in September 2024 for the capacity expansion at the Candiac facility.
Nano One’s One-Pot process eliminates the iron and phosphate precursor steps (pCAM) by integrating them with the lithium addition step (CAM). This has the potential to reduce complexity, costs and energy intensity compared to incumbent processes, according to the company. Nano One acquired the plant in Candiac, Quebec from Johnson Matthey in 2022.
“Candiac is positioned to support larger scale production facilities and a localized supply chain that also reduces the environmental footprint of batteries,” said Dan Blondal, Nano One’s CEO.
Source: Nano One
