Nano One Closes $5 Million Sale of Vacant Land

Vancouver, BC - September 20, 2024 - Nano One® Materials Corp. has announced the successful closure of the sale of its vacant land in Candiac, Québec. This transaction, finalized on September 12, 2024, generated gross proceeds of $5,000,000, enhancing the company's non-dilutive working capital.

The land, part of Nano One's 2022 acquisition of Johnson Matthey Battery Materials Canada, was deemed non-essential for the company's growth strategy. The proceeds will support Nano One's operations in Candiac, Québec, and Burnaby, British Columbia.

The buyer, DUROPAC, plans to construct a 70,000-square-foot headquarters, showroom, and distribution facilities, thereby advancing their operations in sustainable packaging.

Carlo Valente, CFO of Nano One, emphasized that the sale aligns with supporting ongoing activities and boosting shareholder value without dilution. Nano One continues to focus on its LFP cathode manufacturing facility and innovation hub.