Nano One Granted 3 New Patents and Receives Proceeds from Warrants

Highlights:

• Three new patents, issued and allowed in Taiwan, Korea and US.
• Patents will extend protection and add value to Nano One's One-Pot process technology for making lithium-ion battery cathode materials.
• Patents will add value to Nano One's sulfate free, sustainable technology for the clean energy future.
• Proceeds from Warrants of ~$3.65M adds to strong treasury and balance sheet.

VANCOUVER, BC / ACCESSWIRE / March 17, 2023 / As the global EV market rapidly expands, Vancouver-based Nano One® Materials Corp. ("Nano One" or the "Company") (TSX:NANO) (OTC PINK:NNOMF) (Frankfurt:LBMB) is pleased to announce that it's patent estate is increasing to include three (3) more issued patents, bringing Nano One's issued patents to a total of 27 with more than 55 patent applications also pending and additional patent applications being considered.

Nano One is a clean technology company focused on cathode materials used in lithium-ion batteries and its One-Pot process gives it a unique advantage to build local and resilient supply chains that drive down cost, complexity, energy intensity and environmental footprint. Patent Application TW 202222679 will be for the One-Pot synthesis of lithium iron phosphate (LFP) being commercialized in Candiac QC. Patent KR 10-2443307 is for the One-Pot synthesis process of NMC and LNMO cathode materials. Patent US 11,616,230 will be for fine and ultrafine powders and nanopowders of lithium metal oxides for battery applications.

Nano One is also pleased to announce the receipt of $3,651,102 in proceeds from the exercise of 2,281,939 warrants since January 1, 2023. The warrants were issued as part of a private placement completed in February 2020 and were due to expire on February 21, 2023. The Company has 1,000,000 warrants at an exercise price of $4.00 which remain outstanding and are due to expire on June 16, 2023. Given recent banking uncertainty we want to reassure our shareholders that our treasury is diversified amongst several Canadian chartered banks and large financial institutions, and our conservative and diversified approach to treasury management reflects the paramount priority of safety and security.

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