Successful Completion of Phase Two of Co-Development Agreement with Leading Niobium Producer CBMM

VANCOUVER, BC / ACCESSWIRE / May 17, 2023 / (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB)

Highlights:

• Nano One successfully completed phase two of co-development work with the world's leading supplier of Niobium products and technology, CBMM.
• CBMM's Niobium validated in high-nickel (Ni>90%) NMC cathode made with Nano One's sulfate-free M2CAM^® manufacturing technology.
• Nano One's technology enables cost effective single nanocrystal coatings with CBMM's product to enhance cathode durability, meaning longer lasting batteries.
• Creates business opportunities for both companies. CBMM sees potential for new market demand for their sustainable products.

Nano One^® Materials Corp. ("Nano One" or the "Company") is a clean technology company with patented processes for the production of lithium-ion battery cathode materials that drive down cost, complexity, energy intensity and environmental footprint. The Company is pleased to announce the successful completion of phase two of its advanced lithium-ion battery cathode materials coating co-development project with CBMM, the world's leading supplier of Niobium products and technology.

Phase two successfully utilized CBMM's Niobium product to make single nanocrystal coated high-nickel (Ni>90%) NMC cathode active material. Enhanced durability was displayed using Nano One's proprietary One-Pot process and Metal to Cathode Active Material (M2CAM^®) technology. The One-Pot process simplifies the manufacturing process by combining all feedstock materials, including coating agents, in one step up front to produce a precursor cathode active material ("PCAM") that is already lithiated, in comparison to a multi-step process deployed by most in the industry. In addition, Nano One's technology enables reduced kiln residence time in the thermal treatment step, making it more energy efficient when compared to the incumbent process and the M2CAM technology uses metal powders as the feedstock, instead of sulfates based battery metals; this removes a sodium-sulphate waste stream which is problematic. Collectively, Nano One's technology enables improved CAM performance, a lower environmental footprint while reducing capital and operating costs when compared to the incumbent process.