Nano One Materials Corp (TSX:NANO, OTC:NNOMF) chief executive Dan Blondal has assured investors that 2024 will be another “transformative” year for the clean technology firm, as several catalysts appear.
Progress on strategic partnerships, sightlines to licensing and joint venture agreements, and government funding could all contribute to growth in the coming year, Blondal told investors in an update on Monday.
“Our institutional shareholder base remains confident, supportive and in for the long haul,” he said.
“We are well capitalized and spending prudently to secure offtakes and long-term value creation for our shareholders.”
Nano One operates a patented and scalable industrial process for the production of low-cost, high-performance cathode powders used in lithium-ion batteries.
These are designed to be used in the likes of electric vehicles (EVs) and grid storage batteries, with Nano One operating a pilot plant in Candiac, Québec, which produces samples.
“We continue to see a large and diverse market opportunity for lithium iron phosphate and based on our actions over the last five years, we are well positioned to be a leader in the field,” Blondal commented.
He added that potential customers and government stakeholders are continuously engaging with Nano One over its industrial process.
Rio Tinto and Sumitomo Metal Mining are among the firm’s shareholders, he pointed out, with schemes like the Inflation Reduction Act in America also potentially providing benefits.
The full shareholder update can be read here.