Nano One (NNOMF) received C$5 million from Sustainable Development Technology Canada to support scale-up of its technology in cooperation with industry partners. As with previous awards from Sustainable Development Technology Canada, this money is a non-repayable grant and is non-dilutive to Nano One shareholders. But this grant isn't the really big news.
For years, Nano One shareholders have watched the company develop its cathode materials process, show the process could make LFP, NCM, NCA and LMNO HV Spinel, and more recently demonstrate coated cathode particles made without a separate coating process step. It