Nano One Receives C$10.9M from Financing and Government Programs

Highlights

• US$2.84M (C$3.95M) received in reimbursements from government support programs

• C$6.96M in gross proceeds raised from financing that closed on Dec 10, 2025

C$25.8M in government reimbursements remaining for the 2026-27 period

Financing leverages government funding support and extends runway into 2027

VANCOUVER, BC / ACCESS Newswire / December 16, 2025 / Nano One Materials Corp. (TSX:NANO)(OTCQB:NNOMF)(Frankfurt:LBMB) ("Nano One" or the "Company") is pleased to announce that it has received two reimbursement payments for expenses incurred in Q2 and Q3 2025 totaling US$2,841,863 from its previously awarded funding agreement with the United States Government. As announced on December 10, 2025, the Company also raised C$6,958,700 in gross proceeds from its overnight marketed financing (the "Offering").

"The proceeds received in the past two weeks add to our cash on hand," said Nano One's CEO, Mr. Dan Blondal. "This will leverage approximately C$26M in reimbursements which will be claimed in 2026 and 2027 from contracted government funding programs in Québec, Canada, and the U.S. With the latest round of financing, these funds now help the Company extend its runway into 2027 and allow Nano One to focus on the pathway to capacity expansion, revenue generation, and production through strategic partnerships."

Nano One's One-Pot lithium iron phosphate (LFP) processing technology enables the Company to play a key role in the emerging battery supply chain in North America, aligning well with regional industrial development strategies. These include the U.S. National Defense Authorization Act (NDAA)¹ which as of January 2027 will prohibit the sourcing of battery components from a Foreign Entity of Concern (FEOC), and the G7 Critical Minerals Action Plan² to develop resilient and diversified supply chains and mobilize capital to support key projects.

¹https://www.congress.gov/bill/119th-congress/house-bill/3838/text (see section 864 - Foreign content must be <5% as of Jan 1 2027)

²https://g7.canada.ca/en/news-and-media/news/g7-critical-minerals-actio ...

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About Nano One

Nano One Materials Corp. (Nano One) is a technology company changing how the world makes cathode active materials for lithium-ion batteries. Applications include stationary energy storage systems (ESS), portable electronics, and electric vehicles (EVs). The Company's patented One-Pot process reduces costs, is easier-to permit, lowers energy intensity, environmental footprint, and reliance on problematic supply chains. The Company is supporting the drive towards energy security, supply chain resilience, industrial competitiveness, and increased performance through process innovation. Production is being piloted and demonstrated in Candiac, Quebec, drawing on existing plant and decades of commercial lithium-iron phosphate (LFP) manufacturing experience. Strategic collaborations and partnerships with international companies like Sumitomo Metal Mining, Rio Tinto and Worley are supporting a design-one-build-many licensing growth strategy-delivering cost-competitive, easier-to-permit, and faster-to-market battery materials production solutions worldwide. Nano One has received funding from the Government of Canada, the Government of the United States, the Government of Québec and the Government of British Columbia. For more information, please visit www.nanoone.ca.