NNOMF - Nano One Buys Cathode Plant

• Nano One has agreed to purchase an up and running, 2,400 TPY capacity LFP cathode plant from Johnson Matthey. Acquisition includes staff, equipment, buildings and land.
• Plant supplies LFP to auto industry tier 1 battery manufacturers.
• Nano One will convert the plant to M2CAM process using almost entirely existing plant equipment with expected increase in nameplate capacity.
• Nano One and Johnson Matthey have been working collaboratively for months and transition team is in place including former plant executives now on staff at Nano One.
• LFP cost from plant when running M2CAM expected to be less than current Asian LFP pricing.

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