Nano One Materials Corp (TSX:NANO, FRA:LBMB, OTC:NNOMF) has revealed its plans to advance toward commercial production of lithium iron phosphate (LFP) cathode materials, targeting initial revenue by the end of 2026 while expanding its technology licensing business globally.
The Vancouver-based process technology company said demand for its One-Pot LFP technology is growing across defence, energy storage systems (ESS), and electric vehicle (EV) markets. Its demonstration plant in Candiac, Québec, plays a central role in its commercialization strategy, enabling customer qualification, product sampling, and development work in preparation for larger-scale production.
“Nano One’s LFP demonstration production plant in Candiac is being developed as a stepping stone to first revenue—initially targeting customers whose qualification requirements and volumes are aligned with Candiac’s scale and capacity,” said Alex Holmes, Nano One’s recently appointed president and chief strategy officer. “We are targeting initial commercial LFP supply agreements for defence and energy-storage applications by the end of 2026.”
The company’s Pilot Line, producing approximately 200 tonnes per annum (tpa) for sampling and small commercial sales, is operational, while the Demonstration Line, set to reach around 800 tpa in early 2027, is being automated to support larger commercial volumes and product qualification for cell manufacturers.
Nano One continues to strengthen partnerships with Sumitomo Metal Mining, Rio Tinto, and Worley Chemetics to advance technology commercialization and supply chain solutions. Engagements with automotive OEMs, raw material suppliers, and government agencies are ongoing, positioning the company to capitalize on the global shift toward localized, resilient LFP supply chains outside Asia.
The company also plans to launch its commercial-ready One-Pot LFP CAM Package in the first quarter of 2026, offering a scalable licensing solution to producers seeking a cost-competitive, industrial LFP production process.
To fund its next phase of execution, Nano One completed an equity financing in December 2025 to advance Candiac expansion and its licensing initiatives. Chief Financial Officer Carlo Valente said the financing complements more than $63 million in non-dilutive capital secured since early 2024, including government funding and asset transactions.
As of September 30, 2025, the company held $17.8 million in cash. It subsequently raised $7 million in gross proceeds and was awarded $5 million from Natural Resources Canada to support expansion plans. As of December 2025, Nano One had $25.8 million in undrawn government funding available, providing additional runway as it works toward commercialization milestones in 2026.
“We have laid the groundwork, and we are focused on execution, converting target customer engagement into commercial sales of product and technology and building a recurring revenue base through licensing and royalties that drives long-term shareholder value,” CEO Dan Blondal told shareholders.
Nano One enters 2026 with a strengthened leadership team, with Holmes appointed president and chief strategy officer and Denis Geoffroy named chief operating officer. Both bring decades of experience in lithium-ion battery materials, operations, and commercialization to support the company’s growth objectives.