Nano One is Redefining Battery Grade Lithium
April 27 2017 - 8:32AM
Dan Blondal, CEO at Nano One Materials (TSX-V:NNO) (Frankfurt:LBMB)
(OTC:NNOMF), today explained how Nano One’s patented technology
could enable long range electric vehicle batteries to use lithium
carbonate as an alternative to costly and supply constrained
lithium hydroxide.
“Today’s manufacturing methods necessitate that
lithium hydroxide be used to supply the Tesla Gigafactory and
energy dense batteries for other emerging electric vehicle
manufacturers,” said Mr. Blondal. “However, Nano One’s process
innovations make it possible to use lithium carbonate which is more
widely available and lower cost than lithium hydroxide. We believe
this is a tremendous opportunity for Nano One to disrupt the
lithium supply chain.”
(To view a chart of “Lithium Price Expectations”, please visit:
https://orders.newsfilecorp.com/files/3606/26398_a1493246836823_76.jpg)
These market trends are supported by Benchmark
Minerals Intelligence Data that show pricing for lithium hydroxide
being approximately 40% higher than lithium carbonate, into the
foreseeable future. The price premium for lithium hydroxide is
being driven by short supply and by increasing demand for longer
range nickel rich electric vehicle batteries. Nano One’s approach
could make lithium carbonate equally viable and more competitive
than hydroxide.
Mr. Blondal added “We believe that Nano One
could also be helping lithium producers avoid the cost of upgrading
to hydroxide, possibly adding hundreds of millions to the value
proposition.”
Nano One’s patented technology is a flexible
manufacturing platform that enables lithium carbonate (or
hydroxide) to be used as feedstock alongside other raw materials
such as nickel, manganese, cobalt, iron, phosphate and/or aluminum.
It is a water based process operating at mild pH and temperature
that easily forms the energy storing cathode materials used in
lithium ion batteries. The process is being piloted in Nano One’s
demonstration facility and makes a wide range of different lithium
cathode materials for use in nickel rich, manganese rich, cobalt
free and iron phosphate batteries.
Joe Lowry is a worldwide expert on the lithium
supply chain and the founder of Global Lithium LLC. Mr. Lowry added
“Nano One is uniquely positioned to provide a step change in
lithium ion battery process technology and could enable the use of
a broader spectrum of raw materials to open up the global lithium
supply chain.”
Nano One Materials Corp.
Dan Blondal, CEO
For information with respect to Nano One or the
contents of this news release, please contact John Lando
(President) at (604) 669-2701 or visit the website
at www.nanoone.ca.
About Nano One:
Nano One Materials Corp (“Nano One” or “the
Company”) is developing patented technology for the low-cost
production of high performance battery materials used in electric
vehicles, energy storage and consumer electronics. The processing
technology addresses fundamental supply chain constraints by
enabling wider raw materials specifications for use in lithium ion
batteries. The process can be configured for a range of different
nanostructured materials and has the flexibility to shift with
emerging and future battery market trends and a diverse range of
other growth opportunities. The novel three-stage process uses
equipment common to industry and Nano One is building a pilot plant
to demonstrate high volume production. The pilot plant is being
funded with the assistance and support of Sustainable Development
Technology Canada (SDTC) and the Automotive Supplier Innovation
Program. Nano One also receives financial support from the National
Research Council of Canada Industrial Research Assistance Program
(NRC-IRAP). Nano One’s mission is to establish its patented
technology as a leading platform for the global production of a new
generation of nanostructured composite materials. For more
information, please visit www.nanoone.ca
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