Embracing the Carbon Credit score Economic system to Handle Local weather Change
11 min read
Overview
Nano One Supplies (TSX:NANO,FWB:LBMB,OTC:NNOMF) is a clear know-how firm with a patented course of for the low-cost manufacturing of high-performance cathode supplies utilized in lithium-ion batteries. The corporate goals to determine its know-how because the main platform for the worldwide manufacturing of inexperienced battery supplies by licensing and three way partnership agreements. The corporate is led by a extremely skilled administration workforce with a long time of expertise in financing, capital development, know-how administration, metals and mining, and the sciences.
Lithium-ion batteries have a variety of priceless functions within the inexperienced economic system, together with in electrical automobiles, power storage programs and client electronics. North American corporations with a home provide chain and native processing capabilities for uncooked supplies wanted for the inexperienced economic system could current an thrilling alternative for buyers.
Coated Single Crystal Cathode Supplies Defined
Nano One’s patented One-Pot Course of is a confirmed, environment friendly and scalable manufacturing know-how for producing cathode supplies utilized in superior lithium-ion batteries. The One-Pot Course of streamlines the manufacturing course of which considerably reduces prices and will increase battery efficiency and sturdiness in comparison with the usual manufacturing course of. The corporate’s M2CAM (steel direct to cathode energetic materials) know-how permits cathode supplies to be made straight from metals relatively than sulphates. This reduces steps, waste and prices from the provision chain whereas rising margins permitting a extra environment friendly and sustainable course of.
Nano One’s M2CAM know-how is environmentally sustainable because it produces much less greenhouse fuel, no waste, makes use of versatile feedstock, makes use of much less power and makes use of 60 p.c much less water than the usual processing technique. The fabric that’s produced additionally prices four4 to five5 instances much less to ship because of the lighter weight of round five5 instances lower than the usual materials. This leads to potential financial savings of 1000’s of {dollars} per tonne and better margins.
The One-Pot Course of has 27 patents issued within the US, Canada, Japan, Korea, China and Taiwan and greater than 55 patents presently pending. Nano One has constructed an indication pilot plant that proves scalability and supplies Nano One with the flexibility to make volumes of supplies to interact in bigger testing packages with strategic companions.
Nano One has established partnerships with a number of world trade leaders like Volkswagen AG (ETR:VOW3); Rio Tinto (ASX:RIO); BASF (ETR:BAS); Companhia Brasileira de Metalurgia e Mineração (CBMM), a world chief within the manufacturing and commercialization of Niobium merchandise; Euro Manganese Inc. (TSXV:EMN), a battery supplies firm targeted on advancing the event of the Chvaletice Manganese Mission.
Nano One additionally obtained combination funding of roughly $23 million from a number of Canadian Authorities teams akin to Sustainable Improvement Know-how Canada, Innovation Clear Power Fund of British Columbia, IRAP and ASIP.
In 2022, Nano One and Euro Manganese Inc. efficiently demonstrated the manufacturing of cathode supplies made straight from Euro Manganese’s electrolytic manganese steel utilizing Nano One’s One-Pot course of. Euro Manganese’s Chvaletice Manganese Mission has been efficiently validated as feedstock for Nano One’s patented One-Pot and M2CAM cathode manufacturing applied sciences, important in reducing the fee, complexity and environmental footprint of utilizing steel sulphates in cathode manufacturing.
The corporate additionally introduced the transformation of the Candiac lithium iron phosphate (LFP) facility to the One-Pot course of, following the completion of the acquisition introduced on November 1, 2022. The corporate can be commencing One-Pot trials to supply the corporate with priceless insights for the following stage of trials, pilot manufacturing and superior engineering.
Sustainable Improvement Know-how Canada (SDTC) awarded Nano One with $10 million in non-dilutive assist to assist fast-track and convert North America’s solely LFP plant to pilot the One-Pot Course of. The funding additionally permits the corporate to leverage the high-quality acquisition of LFP plant and amplifies enlargement plans and speed up strategic development and offtake alternatives with consortium companions Rio Tinto, Lithion Battery Inc., and undisclosed auto OEM.
Nano One’s One-Pot Course of streamlines the manufacturing course of, which considerably reduces waste, prices and will increase efficiency in comparison with the usual manufacturing course of. The method improves battery capability, cost and biking.
The usual polycrystalline manufacturing course of entails clusters of crystals that break other than the stress of repeating charging which fractures the protecting coating. This exposes the interior crystals to aspect reactions that cut back vary, life, and cost.
Nano One’s One-Pot Course of produces individually coated single nanocrystal cathodes that kind in a single step and resist fractures. This leads to higher battery sturdiness and efficiency which is able to permit a battery to last more and go additional. Complete engineering research are underway to outline the optimum throughput of 1 industrial line and decide what number of strains might be positioned on the land subsequent door to the present Candiac plant. The One-Pot Course of creates a fabric that may be fired within the kiln in hours, as an alternative of days like the traditional course of, saving power and steps.
Stephen Campbell, PhD, CSci, CChem, MRSC, CTO – Nano One
Administration Crew
Dan Blondal – CEO, Director and Founder
Dan Blondal has greater than 30 years of expertise as knowledgeable engineer. Throughout his profession, he has managed high-growth know-how and been concerned in supplies dealing with, medical gadgets, industrial printing, nuclear fusion and supplies science. Blondal brings important expertise in programs engineering, physics and enterprise. Blondal was the product and know-how supervisor at Creo and Kodak the place he led strategically very important initiatives. These initiatives have been valued at $20 million yearly to leverage software program, laser and chemical programs for high-quality printing.
Dr. Stephen Campbell – Chief Know-how Officer
Dr. Stephen Campbell has greater than 25 years of expertise main industrial automotive analysis in electrochemical programs. Campbell served seven years as principal scientist at Automotive Gas Cell Cooperation Corp. Campbell additionally held key roles at Ballard Energy Methods as principal scientist and senior scientist between 1994 and 2008. Campbell has greater than 20 patents to his title and has 20 years of hands-on expertise in industrial analysis creating new applied sciences by to sequence manufacturing for the automotive sector. He obtained his Ph.D. in semiconductor electrochemistry from the College of Southampton in 1987 and accomplished his BSc (Hons.) 1st class in bodily sciences at Coventry Polytechnic in 1984.
Denis Geoffroy – Chief Commercialization Officer
Denis Geoffroy is an government with greater than 25 years of expertise within the area of lithium batteries. He obtained his bachelor’s and grasp’s levels in chemical engineering from Laval College after which joined Argo-Tech Productions, a subsidiary of Hydro-Québec accountable for creating Lithium-Polymer batteries, the primary industrial model of solid-state lithium batteries. He then participated within the start-up of the LiFePO4 cathode materials (LFP) trade at Phostech Lithium, the place he labored for 17 years as technical director, chief working officer or basic supervisor, underneath varied entities (Phostech Lithium, Sud-Chemie, Clariant and Johnson Matthey). It was underneath his management that the Candiac plant, LFP’s solely industrial plant in America, was constructed. Geoffroy moved in 2019 to assist Lithion Recycling in its start-up and he began supporting Nano One in its commercialization efforts since 2021 and have become chief commercialization officer with the corporate on November 1st, 2022
Alex Holmes – Chief Working Officer
Alex Holmes has spent greater than 15 years as a senior government with a number of public corporations. Most lately, he served because the CEO of Plateau Power Metals, which is a public firm advancing a world-class onerous rock lithium undertaking in tandem with a uranium asset in Peru. Previous to this, Holmes co-founded a know-how start-up the place he led it from prototype to commercialization in a brief interval. He was additionally a companion and co-founder of Oxygen Capital Corp. the place he led the enterprise growth for all affiliated corporations. Holmes graduated with distinction from The Enterprise College on the Metropolis College of London with an M.Sc. in funding administration.
Adam Johnson – Senior Vice-president Exterior Affairs
Adam Johnson brings over 20 years of expertise advising company and authorities leaders. Over his profession, he has labored on public coverage, authorities relations and communications for a few of Canada’s main power, infrastructure and transportation corporations in addition to key associations. He has helped with giant growth tasks, secured the assist of governments and applied efficient neighborhood engagement.
Earlier than becoming a member of Nano One, he was a senior companion at Earnscliffe Methods–one among Canada’s main strategic communications and authorities relations corporations. Johnson has labored within the Authorities of Canada, serving as a director of Parliamentary Affairs to a Minister of Business. Chosen by his friends, he served because the founding president of the Public Affairs Affiliation of Canada – BC (PAAC-BC)
Paul Guedes – Director, Capital Markets
Paul Guedes has greater than 20 years of expertise as an entrepreneur, fund supervisor and senior government with a number of public corporations. He was president of a family-owned building firm for over 10 years earlier than shifting to the general public markets. Guedes’ key focus over the past 14 years has been centered round renewable power and local weather change in industries like wind power, wave power, biofuels, hydrogen and carbon credit. Guedes obtained his Bachelor of Commerce from the Michael DeGroote College of Enterprise at McMaster College.
Paul Matysek – Chairman and Director
Paul Matysek is a serial entrepreneur, geochemist and geologist with over 40 years of expertise within the mining trade. Since 2004, Matysek has been both a CEO or chairman. He has primarily targeted on the exploration, growth and sale of 5 publicly listed corporations with an combination value of over $2 billion. Most lately, he was an government chairman of Lithium X Power Corp. which was offered to Nextview New Power Lion Hong Kong Restricted (“Nextview”) for $265 million in money. He was awarded EY Entrepreneur of the Yr for Mining & Sources in September 2018.
Dr. Joseph Man – Director
Dr. Joseph Man is the president of Patent Submitting Specialist Inc. and a patent agent specializing in advanced applied sciences together with materials science, digital elements, prescription drugs and medical merchandise. He has greater than 23 years of expertise prosecuting patents and serving as an professional witness on mental property issues. Man was awarded a PhD. in chemistry from the College of Wisconsin-Milwaukee in bodily inorganic chemistry with a concentrate on organometallic complexes. Man has authored quite a few references in peer-reviewed journals. He has written and prosecuted over 1,000 U.S. and international patent functions with greater than 300 issued US patents and quite a few international patents.
Lyle Brown – Director and Audit Committee Chair
Lyle Brown is a CPA and CA and holds a Bachelor of Commerce from the College of British Columbia. Brown has been a companion at Culver & Co. in Vancouver, British Columbia since 1991. Culver & Co. is an accounting agency that serves purchasers in a variety of industries. Brown is conversant in the reporting necessities of public corporations. He has served on quite a few boards of administrators for each non-public and public corporations.
Gord Kukec – Lead Director
Gord Kukec works with senior administration to develop and implement industrial methods in addition to annual enterprise plans. He has greater than 30 years of expertise in senior government roles. Kukec’s duties included innovating and adapting industrial and IT methods at varied worldwide Canadian companies. Since 2010, Kukec has been an unbiased advisor, guide and board member. Kukec has targeted on how rising environmental and knowledge know-how developments, akin to local weather change and cybersecurity, influence enterprise transformation, company technique and board governance. He presently sits on the board of BC Ferry Companies Inc. and Solshare Power Corp. He holds a BA in economics from the College of Calgary and an MBA from Queen’s College. Kukec is licensed in Governance of Enterprise Info Know-how from ISACA (CGEIT) and is a holder of the Institute of Company Administrators Director designation (ICD.D).
Carla Matheson – Impartial Director
Carla Matheson is a chartered skilled accountant (CPA, CA) with over ten years of expertise in quite a lot of industries, specializing in enterprise growth, mergers and acquisitions and monetary reporting. All through her profession on each the purchase and promote sides, Matheson has supplied dynamic options on all elements of finance, accounting and business-related points for each private and non-private corporations, having closed 30+ majority acquisitions, 50+ minority/enterprise sort transactions, raised over $150 million in capital through each debt and fairness markets and deployed over $60 million in capital.
Lisa Skakun – Impartial Director
Lisa Skakun is a lawyer and government with over 20 years of expertise in quite a lot of non-public and public industries. At the moment the chief authorized, regulatory and company affairs officer of Coast Capital Financial savings Federal Credit score Union, Skakun is accountable for all authorized, mergers and acquisitions, public affairs, compliance, monetary crimes threat administration and company governance capabilities. Previous to Coast Capital Financial savings, she was the chief authorized & administrative officer at Mogo Finance Know-how, a TSX-listed fintech firm, from 2015-2018. Skakun has her LLB from the College of British Columbia, a Grasp of Legal guidelines diploma in enterprise regulation from Osgoode Corridor Legislation College at York College, and likewise holds her ICD.D designation from the Institute of Company Administrators. She is the recipient of the Lexpert Zenith Award: Celebrating Girls in Legislation; the Affiliation of Girls in Finance’s PEAK award for Rising Star; the Nationwide Publish Award for Tomorrow’s Chief on the Western Canada Common Counsel Awards; and has been named to Canada’s Variety 50 checklist by the Canadian Board Variety Council.
Dr. Yuan Gao – Strategic Advisor
Dr. Yuan Gao is an achieved government with a powerful technical background and a profitable observe file in main and rising companies all through the lithium-ion battery provide chain. Gao can also be an internationally acknowledged professional in lithium-ion battery supplies with over 100 patents issued all over the world, dozens of journal publications and his improvements are on the core of at the moment’s lithium-ion batteries. He has joined Nano One Advisory Committee members, Joe Lowry, Robert Morris and Dr. Byron Gates.
Gao is the vice-chairman of the board of Pulead Know-how, a revered producer of cathodes for lithium-ion batteries, having served as president and CEO from Could 2014 to Sept 2019. Gao accomplished a PhD in physics from the College of British Columbia and did post-doctoral analysis on lithium steel oxides at Simon Fraser College. He has additionally accomplished an government training program at The Wharton College of the College of Pennsylvania.
Frank Fannon – Strategic Advisor
In Could 2018, Frank Fannon was unanimously confirmed by the USA Senate to function the inaugural assistant secretary of State for Power Sources, a place he held till January 2021. As “America’s Power Diplomat,” he led whole-of-government initiatives within the Indo-Pacific, the Americas, Europe, the Jap Mediterranean, and Center East to advance free, open markets, and resilient accountable provide chains. Fannon additionally established the multi-country Power Sources Governance Initiative to share world mining finest practices and enhance governance.
Fannon is presently the managing director of Fannon International Advisors, a strategic advisory targeted on geopolitics, the power transition, and market transformation. He’s additionally a non-resident senior advisor on the Heart for Strategic & Worldwide Research, a non-resident senior fellow on the Atlantic Council, and a visiting senior fellow on the Heart for Know-how Diplomacy at Purdue.
