Nano One Materials Corp (CVE:NNO) (OTCPINK:NNOMF) (FRA:LBMB) said it has appointed Alex Holmes, the former chief executive of lithium and uranium group Plateau Energy Metals, as its chief operating officer.
The company, which develops technology to produce lithium ion battery cathode materials at a low cost, said as COO Holmes will help to drive its business transformation and evolution by acting as a strategic partner to the CEO, president, and chairman.
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The group added that the COO will also be responsible for spearheading Nano One's business operations and optimizing its operational capabilities, to ensure alignment with market growth opportunities and strategic initiatives. Additionally, Holmes will oversee business development, research, scale-up, investor relations, marketing, human resources, and facilities to ensure that all functions are aligned with Nano One's business strategy, priorities, and long term plan.
Before joining the company and in addition to his tenure at Plateau Energy Metals, Holmes also co-founded a technology start-up, leading it from prototype to commercialization in a short period of time, and was a partner and co-founder of Oxygen Capital where he led the business development for all affiliated companies and helped to raise more than $250 million of capital.
"I am extremely excited to be joining the Nano One team. For a number of years I have admired the team's leadership as they evolved into a technology solutions leader in the cathode materials space. We have a unique opportunity to continue to disrupt the battery market with our strong platform of existing solutions, alongside our ongoing innovations focused on improving current, and enabling future, battery technology", Holmes said in a statement.
"Alex is a seasoned and trusted leader with broad public markets experience. His expertise in business development, finance and lithium resource management will be an enormous asset to Nano One, particularly as we ramp up operations in support of multiple partnerships and business opportunities. Alex was selected for this role by the senior management team in a thorough search process; he is a great fit and we are delighted to have an executive of such calibre joining us here at Nano One. With this appointment we have filled a key role in driving our business transformation and welcome Alex as a partner to the executive team", added Nano One CEO Dan Blondal.
Nano One also said it has received around $4.46 million from the exercise of stock options and warrants since its last financial update on October 1, 2020, which it said brings its treasury to around $28 million with up to $4.25 million in non-dilutive non-repayable contributions from Canadian clean technology government programs.
The firm said this “further strengthens” its financial position to execute its business strategy, adding that it has also granted 1.54 million incentive stock options with an exercise price of $5.10 to directors and officers of the company.
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