Nano One Materials Corp (TSX:NANO, OTC:NNOMF) has completed its front-end loading 2 pre-feasibility study with Hatch Ltd.
This estimates that Nano One could add 25,000 tonnes per annum of lithium iron phosphate (LFP) production capacity to its Candiac property, potentially making it significantly more efficient in size, footprint, and capital cost than other commercial methods of making LFP.
“The study anticipates that the optimal production line capacity for One-Pot LFP is 12,500 tonnes per year,” said Dan Blondal, chief executive of Nano One.
“Two such lines may fit in a 167,000 square foot facility at our Candiac site. Capacity could be added in two stages to synchronize with demand, supporting about 12.5 gigawatt hours of LFP cell manufacturing and increasing our capacity by 10 times with only a two times increase in footprint, when compared to the existing 2,400 tonne facility. This is a leap forward for our One-Pot process made possible by fewer units of operation, high efficiency kilns and by eliminating all wastewaters, by-products, and treatment thereof.”
The FEL 2 study is at the prefeasibility stage and defines the potential production line size and the optimal plant size for Nano One’s site in Candiac, Québec, and provides operating cost estimates.
It also provides estimates of the capital cost.
The project has the potential to create 149 direct, full-time highly skilled jobs and 1,065 indirect jobs. In addition, the project has the potential to generate tax revenues for the governments of Québec and Canada of approximately C$35 million during construction and over C$17 million annually when at full capacity.
It could generate roughly $450 million in economic activity in Québec in the first five years.
Further studies will now be initiated.