Nano One Materials Corp (TSX:NANO, OTC:NNOMF) said it has received three new patents, one each in Taiwan, Korea and the US, taking its issued patents to a total of 27.
The patents will extend protection and add value to Nano One's One-Pot process technology for making lithium-ion battery cathode materials. They will also value to Nano One's sulfate-free, sustainable technology for the clean energy future, the company said.
The company added that it has over 55 patent applications pending and additional patent applications being considered.
READ: Nano One completes cathode evaluation project, expands collaboration with global automotive manufacturer
"The Nano One team remains committed to executing on business strategy and achieving our goals," Dan Blondal, CEO, said in a statement.
“With three new patents, we will strengthen our position as a leading innovator and we have added meaningful shareholder value to our IP portfolio," he added. "We are grateful for the continued support from all stakeholders and look forward to sharing updates on our continued progress."
Funds
The company also said it has received $3,651,102 in proceeds from the exercise of 2,281,939 warrants since January 1, 2023. The warrants were part of a private placement completed in February 2020 and were due to expire on February 21, 2023. The company has 1,000,000 warrants at an exercise price of $4.00 each which remain outstanding. They are due to expire on June 16, 2023.
“Given recent banking uncertainty we want to reassure our shareholders that our treasury is diversified amongst several Canadian chartered banks and large financial institutions, and our conservative and diversified approach to treasury management reflects the paramount priority of safety and security,” the company added.
Nano One is a clean technology company focused on cathode materials used in lithium-ion batteries and its One-Pot process gives it a unique advantage to build local and resilient supply chains that drive down cost, energy intensity and environmental footprint.
Contact the author at jon.hopkins@proactiveinvestors.com