Nano One Materials Corp (TSX:NANO, OTC:NNOMF) chief operating officer Alex Holmes joined Proactive to discuss the company’s latest advancements, including its strategic alliance with Worley Chemetics.
The collaboration aims to enhance the modular design of Nano One's One-Pot technology, with a focus on key markets including energy storage, defense, and industrial applications.
Proactive: Some really interesting updates from the company, touching on a number of things. One of those is the alliance with Worley Chemetics. Can you start by telling me about this partnership and the work being done?
Alex Holmes: Absolutely. About six months ago, we formed a strategic alliance with Worley, one of the world’s largest battery materials engineering firms with a global presence. Our collaboration is centered on developing a "design one, build many" production line layout for our One-Pot technology. This modular approach allows us to sell this technology to target customers.
The design work is now complete. Are you happy with where things are heading?
Absolutely. These are building blocks toward sales. As we progress the alliance activities, we’re delivering specific milestones that lead to winning customers.
You’re targeting certain clients with these packages. Can you elaborate on the One-Pot technology’s advantages?
Certainly. We’ve recently completed three key updates for stakeholders. The first is the pre-sales package, a technical document detailing the technology’s economic advantages while protecting our intellectual property. This helps target customers make informed business decisions.
Secondly, we completed a cost comparison study with Worley. Our One-Pot technology delivers up to 30% lower capital costs, up to 30% lower operating costs, and 80% less energy use compared to alternative processes. These benefits are critical in resource-scarce regions where power and water availability are limited. Additionally, our process eliminates the sodium sulfate waste stream, which is a significant environmental advantage.
What’s the next stage for the company?
One key step is optimizing plant layouts for operability and maintainability. We’ve designed modular building blocks, each capable of producing 25,000 tons of LFP material. Customers can start small and scale up as needed, ensuring efficiency and uptime.
Looking ahead, we’re leveraging Worley Chemetics’ 60-year history of delivering industrial plants using these methods. This partnership significantly boosts our ability to scale efficiently.
Lastly, you’ve received a lot of government support. Can you talk about its importance?
Absolutely. In 2024, we secured over $20.00 million in grants from the U.S. and Canadian governments. These funds support our Candiac facility expansion and help target energy storage, defense, and industrial markets.
In addition, we’re backed by industrial partners like Sumitomo Metal Mining and Rio Tinto, which strengthens our ability to meet market demand. Overall, 2024 has been a tremendous success, and we’re excited for what lies ahead in 2025.
Quotes have been lightly edited for clarity and style