Nano One Materials Corp (TSX:NANO, OTC:NNOMF) told investors it has strengthened its position in the US battery supply chain through its participation in the Arkansas Lithium Technology Accelerator (ALTA).
The ALTA program, the first of its kind in the US run by The Venture Center, is designed to catalyze a domestic, durable, and resilient lithium-ion battery supply chain.
As one of only three companies selected for the program, Nano One has expanded its industrial and government network in Arkansas, reinforced the strategic advantages of its proprietary One-Pot process, and advanced efforts to localize lithium iron phosphate (LFP) cathode production in North America, the company said on Friday.
Through the accelerator, Nano One engaged with stakeholders across government, industry, academia, defense, and the investment community.
The company also toured Standard Lithium’s demonstration facilities, gaining further insight into Arkansas’ lithium resources and innovation ecosystem.
The ALTA program concluded with a Demo Day, where Nano One presented alongside participants in lithium processing and geothermal energy.
Nano One said Arkansas' pro-business climate, natural resource development background, and defense ties make it a good partner in advancing localized battery material production.
This includes lithium extraction, refining, and value-added processing into LFP cathode materials used in battery energy storage systems (BESS), data centers, electric vehicles, and military applications.
"ALTA broadened our exposure to US energy growth, its security mandate and localization efforts in Arkansas' ecosystem," Nano One CEO Dan Blondal said in a statement.
“Our technology is purpose-built for North American scale-up, and the interest we received confirms that our strategy is accurately focused on a large opportunity in Arkansas that is real and growing. We look forward to working with ALTA to nurture and deepen our presence, collaborations and partnerships across the region."
Arthur Orduña, The Venture Center executive director, said that Nano One’s participation was critical to the success of ALTA’s first cohort.
"We believe Nano One's strategy, leadership, and technology will be key to developing a localized US battery supply chain,” Orduña said.
“Their cathode manufacturing process targets the most critical gap in our nation's supply chain, the midstream, with a disruptive innovation that leapfrogs and significantly improves on current processes so we can accelerate breaking our dependence on overseas manufacturing."