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Nano One Materials Corp.

11:08 AM EST - Nano One Materials Corp. : Provided an update on the reorganization of the combined teams, and the transformation of the Candiac lithium iron phosphate facility to the One-Pot process, following completion of the acquisition previously announced on November 1, 2022. LFP trials with the One-Pot technology will start in January 2023. Initial plant preparations are complete, including process hazard studies, for the use of the existing commercial scale reactors for larger scale trials beginning in Q1 2023. Results from this work will provide Nano One with valuable insights for the next stage of trials, pilot production and advanced engineering. Large One-Pot reactors have been designed and ordered, with installation, integration and commissioning expected in Q3 2023 for industrial pilot scale LFP production. Nano One Materials Corp. shares T.NANO are trading down $0.05 at $2.48.