Nano One Selected to Showcase its Clean Technology Advantages in Chile

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Vancouver, British Columbia--(Newsfile Corp. - January 21, 2021) -  (TSXV: NNO) (OTC PINK: NNOMF) (FSE: LBMB).

Highlights

  • Nano One is part of AUI's successful bid to Chilean Clean Technology Institute.
  • Proposal to make nickel-rich (low-cobalt) cathode direct from Chilean lithium carbonate.
  • Nano One process avoids costly conversion to lithium hydroxide.
  • No need for costly hydroxide facility nor related consumption of water and energy.
  • Lithium carbonate is easier-to-handle and less costly than lithium hydroxide.

Nano One® CEO Mr. Dan Blondal is pleased to announce that Nano One submitted a non-binding proposal and letter of intent in March of 2020 to the Chilean Clean Technology Institute, Instituto Chileno de Tecnologías Limpias (ICTL), as part of a joint project proposal with Associated Universities, Inc. (AUI). AUI was announced as the winning bid by the Corporación de Fomento de la Producción de Chile (CORFO) Council on January 4 2021 to build, manage and operate the Institute.

"Chile is one of the largest lithium producers in the world by making lithium carbonate from brine resources in the Atacama desert," explained Mr. Blondal. "We have proposed to ICTL a demonstration of Nano One's patented One Pot process using lithium carbonate directly for the production of nickel-rich cathode materials. Our innovation avoids the need for lithium hydroxide, the costs of the required conversion plants and the associated consumption of water and energy. Furthermore, lithium carbonate eliminates issues related to shelf-life and corrosion making it easier-to-handle and less costly. These advantages could disrupt the supply chain and lead to increased demand for lithium carbonate and are at the core of the proposal we have made to the Chilean Clean Technology Institute."

Nano One's technology offers the flexibility to use either lithium carbonate or hydroxide. This is enabled by mixing lithium with all other metal inputs in Nano One's patented One Pot reaction to produce a fully-lithiated mixed-metal intermediate powder that is neither carbonate nor hydroxide, allowing it to form finished cathode powder when thermally processed in a furnace. In contrast to this, conventional methods form mixed-metal intermediate powders that must then be milled and thermally processed with lithium hydroxide powders because the required furnace temperatures are not compatible with lithium carbonate.

Mr. Blondal added, "We look forward to exploring this opportunity further to showcase our technology with the Chilean Clean Technology Institute and we would like to congratulate AUI for their successful bid."

AUI CEO Dr. Adam Cohen explained, "We are excited to work with Nano One as we prepare to create, manage, and operate the ICTL, including a new battery testing and manufacturing facility in the Antofagasta region."

Dan Blondal

For information with respect to Nano One or the contents of this news release, please contact John Lando (President) at (604) 420-2041 or visit the website at www.nanoone.ca.

About Nano One

Nano One Materials Corp has developed patented technology for the low-cost production of high-performance lithium ion battery cathode materials used in electric vehicles, energy storage and consumer electronics. The processing technology enables lower cost feedstocks, simplifies production, and advances performance for a wide range of cathode materials. Nano One has built a demonstration pilot plant and is partnered with global leaders in the lithium ion battery supply chain to advance its lithium iron phosphate (LFP), lithium nickel manganese cobalt oxide (NMC) and lithium nickel manganese oxide (LNM) cathode technologies for large growth opportunities in e-mobility and renewable energy storage applications.

Nano One's pilot and partnership activities are being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC), the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada (ISED), and the Province of British Columbia through the Ministry of Energy, Mines and Petroleum Resources. Nano One's mission is to establish its patented technology as a leading platform for the global production of a new generation of battery materials. www.nanoone.ca

About AUI (Associated Universities, Inc.)

At AUI, we make scientific breakthroughs possible. AUI was created in the public interest as an independent, non-profit, non-member organization to establish and manage one of the first Federally Funded Research and Development Centers. We pioneered the open access user facility model allowing the research community to tackle scientific projects at a scale that no single institution could afford individually. User facilities are the backbone of today's lab system, providing access to cutting edge facilities to enable new technologies that push the boundaries of science. We continue to be the trusted manager of the US radio astronomy assets for over 70 years and we are pursuing design work for the next generation Very Large Array (ngVLA). Through our incubator initiatives we continually expand our focus to address grand challenges including cybersecurity, elearning, and social science initiatives. AUI is committed to realizing the broadest public benefits that flow from vigorous scientific research. As part of this commitment, AUI supports effective programs of education and public outreach, and seeks to help build a scientific enterprise that is broadly diverse and representative of our society. www.aui.edu

Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, any statements regarding its financial position, business strategy, growth strategies, budgets, operations, financial results, plans, objectives and other information that is not historical fact. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. See "Cautionary Note Regarding Forward-Looking Information" and "Risk Factors" in the Company's Annual Information Form which is available on www.sedar.com for a discussion of the uncertainties, risks and assumptions associated with these statements. We caution that the list of risk factors and uncertainties is not exhaustive and other factors could also adversely affect our results. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72491

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).