Nano One Provides an Update on Recent Corporate Developments & Reports Third Quarter 2025 Results

VANCOUVER, BC / ACCESS Newswire / November 11, 2025 / (TSX:NANO)(OTCQB:NNOMF)(Frankfurt:LBMB)

Business Operational Highlights

• Newly installed proprietary agitator in full-scale One-Pot reactor at Candiac, boosts throughput capacity by approximately 50% resulting in reduced operating expenses (OPEX)

• A Front-End Engineering & Design (FEED) study was completed as part of the capacity expansion plan to at least 800 metric tons per year at the Candiac Operation

• Financial investment decision has been made to proceed with detailed engineering and initial procurement activities as part of that capacity expansion plan

Strategic Updates

• Sumitomo Metal Mining confirms Nano One as a key technology partner and advances collaboration towards LFP commercialization

• Nano One pre-qualifies multiple sources of lithium carbonate from Rio Tinto for the future production of LFP cathode materials

• Nano One expands patent portfolio with five new patents for LFP, NMC, and LNMO cathodes

Third Quarter 2025 & Subsequent Results

• The Company reported total net assets of $16.5 million and working capital of $16.6 million for the end of the period

• An at-the-market (ATM) equity offering was launched in September 2025, which raised net proceeds of $0.2 million through to September 30, 2025, with an additional $2.4 million subsequently raised through to October 31, 2025

• Announced NRCan government funding award of $5.0 million to support Candiac capacity expansion, advance commercialization, to promote diversification and regionalization of battery supply chains in line with G7 priorities

Nano One Materials Corp. ("Nano One" or the "Company") has filed its condensed interim consolidated financial statements (the "financial statements") and Management Discussion & Analysis ("MD&A") for the nine months ending September 30, 2025 ("Q3 2025") and is pleased to provide a summary and an update on subsequent events.

Q3 2025 - Financial Position and Results

As at September 30, 2025, the Company reported total net assets and working capital of $16.5 million and $16.6 million respectively, with cash and cash equivalents at $17.8 million. The use of cash in operating activities, capital expenditures and facility lease and other payments for the quarter contributed to the $6.8 million change in total assets in Q3 2025 versus a $2.6 million change for the Q2 2025 period.