NANO - Nano One pre-feasibility study suggests company could increase capacity 10x at Quebec plant

(NewsDirect)

Nano One Materials Corp CEO Dan Blondaljoined Steve Darling from Proactive to reveal the results of apre-feasibility study conducted with Hatch Ltd, indicating thepotential for significant expansion at its Candiac property.

The study suggests that Nano One could add25,000 tonnes per annum (tpa) of lithium iron phosphate (LFP)production capacity at this site.

Here are the key findings: The pre-feasibility study outlinesthe possibility of increasing production capacity at the Nano OneCandiac facility by up to 10 times, reaching 25,000 tpa. Thisexpansion would involve adding a second production line within theexisting 167,000-square-foot facility.

The study's findings go beyond the capacity increase,highlighting the potential economic impact of the project. It couldcreate 149 direct, full-time, highly skilled jobs and 1,065 indirectjobs. Moreover, the project has the potential to generate tax revenuesfor the governments of Québec and Canada, with an estimated $35million during the construction phase and over $17 million annuallywhen operating at full capacity.

The project could contribute approximately $450 million ineconomic activity to Québec in the first five years.

Nano OneMaterials Corp's expansion plans demonstrate its commitment toscaling up LFP production and meeting the growing demand for this keybattery material. This expansion could have a significant economic andemployment impact in the region, supporting the development ofadvanced lithium-ion battery technology.

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Proactive USA

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