Nano One $NNO Demonstrates Alternative Feedstock for Electric Vehicle Batteries

Nano One(TSXV: NNO) (FSE: LBMB) (OTC PINK: NNOMF)

Dan Blondal, CEO of Nano One Materials announced that Nano One has successfully demonstrated the synthesis of high energy cathode material for electrical vehicles using lithium carbonate feedstock with energy densities on par with industry standards. This demonstration underlines the opportunity of Nano One’s technology to enable a wider range of lithium sources for the rapidly growing electric vehicle market and supplements Nano One’s other opportunities in the space including cathode material durability, power, energy and processing cost.

To provide electric vehicles with greater driving rangethe industry is transitioning to energy dense lithium ion cathode materials with increasingly higher proportions of nickel relative tocobalt, manganese or aluminum. Current industrial methods require lithium hydroxide as feedstock for these nickel-rich cathode materials, however, Nano One’s flexible process also enables the use of lithium carbonate and we believe it has the opportunity to address challenges in the lithium supply chain.”

-Dan Blondal, CEO of Nano One Materials

Nickel rich cathode materials include nickel cobalt aluminate (NCA) and nickel manganese cobaltate (NMC-532, 622 and 811). These materials are expected to play an increasingly dominant role in the lithium ion batteries used by Tesla, General Motors and other major electric vehicle manufacturers.

Nano One’s laboratory batches of NCA and NMC811 have energy densities of 710 and 750 Wh/kg, respectively. This is comparable to the same materials made with lithium hydroxide and demonstrates a cost effective lithium alternative. The path to commercial scale is well understood from our pilot experience with NMC111 and NMC622, consequently, the technology has the opportunity to address constraints in the lithium supply chain. 

Dr. Stephen Campbell, Nano One Principal Scientist.