Nano One Materials Corp (TSX:NANO, OTC:NNOMF) announced it has appointed Carlo Valente as its full-time chief financial officer with effect from January 15, 2024.
The company noted that Valente has over 26 years of experience supporting companies with capital raising, M&A transactions, strategic and tactical planning, and effective finance structures. He has held the CFO role with six companies, including five Canadian reporting issuers.
Most recently he served as CFO of a private, international renewables company where he gained expertise in commercial agreements, strategic partnerships, feedstock, government relations, and incentive programs, while engaging in the decarbonization ecosystem that is relevant to Nano One.
"We are confident that he will contribute significantly to shareholder value and to the execution of our licensing strategy, business objectives and growth targets in the cathode sector,” Nano One CEO Dan Blondal commented in a statement.
Notably, Nano One said two of the companies where Valente served as CEO were recognised as TSX Venture 50 companies, a testament to his financial acumen and strategic leadership. He also has significant M&A expertise, having actively contributed to over 100 mandates in North America and Europe.
His financial stewardship and leadership along with a comprehensive understanding of capital markets, commercial agreements and strategic business plan execution has been a driving force behind the success of numerous enterprises, the company added.
Valente replaces Dan Martino, who has served effectively in the CFO role on a fractional basis since January 2020 through Donaldson Brohman Martin CPA, where he holds other CFO positions for publicly traded companies.
“I would like to assure all our stakeholders that Mr Martino remains dedicated to Nano One's long-term business success and will serve as Vice President Finance to provide continuity and support in financial reporting and finance-related projects,” Blondal said.
Since Martino’s appointment in early 2020, key milestones include the completion of three equity financings, two strategic financings, various government grants, the acquisition and successful integration of its Candiac operation, and graduation to the TSX.
“As Nano One continues its growth trajectory, I believe Carlo to be an excellent fit to work alongside the executive team in bringing Nano One's technology and growth to the next level, while I and DBM support this effort in the capacity as Vice President Finance,” Martino added.
Commenting on his appointment, Valente said he is “honoured” to be joining Nano One at a critical juncture on its path towards commercialization.
“I will draw on my past successes of helping companies grow through supporting and ensuring robust financial systems are in place,” Valente said.
“Dan Martino and team have built a solid foundation that enables the executive team to readily advance Nano One's strategic goals and increase shareholder value, and I look forward to contributing to the Company's growth."
Nano One Materials is a clean technology company with patented processes for the production of lithium-ion battery cathode active materials (CAM) that enable secure and resilient supply chains by driving down cost, complexity, energy intensity, and environmental footprint.