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Nano One Materials Corp

Nano One Materials Corp (NANO)

1.26
-0.02
( -1.56% )
Updated: 15:54:06

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habsguy habsguy 1 year ago
Well it's been a while....DB and co. have been busy. Should see some powder shortly...Q2??? Gettin close.
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Twister Twister 2 years ago
Nano One and BASF enter into a Joint Development Agreement for Lithium-ion Battery Materials
May 31, 2022


version en Français

Vancouver, Canada (TSX: NANO) (OTC: NNOMF) (Frankfurt: LBMB)

• Evaluation of Nano One’s patented M2CAM®One-Pot process for BASF’s next-generation cathode active materials.
• Multi-phase agreement includes detailed commercialization study for pre-pilot, pilot and scaled up production.

Nano One® Materials Corp. (Nano One), a clean technology innovator in battery materials, and BASF SE (BASF), a globally active chemical company with extensive experience in the development and manufacture of battery materials, today announce they have signed a joint development agreement (JDA). Under the JDA, the companies will co-develop a process with reduced by-products for commercial production of next-generation cathode active materials (CAM), based on BASF’s HEDTM-family of advanced CAM and using Nano One’s patented One-Pot process and metal direct to CAM (M2CAM®) technologies.

BASF has a family of CAM products well-suited to the evolving requirements of batteries in automotive drivetrains and a proven track record of developing these products in collaboration with others. Nano One and BASF will also use the M2CAM®process for higher flexibility in terms of manufacturing approach and resulting product performance, reduced energy consumption and environmental footprint.

The joint development plan has various phases and stage gates and is the result of evaluating Nano One’s processes and products. The signing of the JDA represents a significant milestone in the business relationship between BASF and Nano One.

Dan Blondal, Nano One CEO, said: “BASF is a global leader in chemistry and high performance lithium-ion battery cathode materials, and we are proud to be forging new ground with them to improve performance, cost and environmental footprint for CAM production. There is a tremendous opportunity to jointly differentiate the production processes and products for a more resilient and sustainable supply chain. We look forward to advancing this partnership.”

Dr. Heiko Urtel, Vice President Global R&D Battery Materials, BASF SE, added, “Nano One has an advanced technology with the potential to improve the product performance of our high-performance cathode active materials and to further simplify the synthesis of battery materials . We are looking forward to building a collaborative working relationship and advancing the business opportunities for our next-generation cathode active materials.”

###

About Nano One®

Nano One Materials Corp (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future. Nano One’s One-Pot process, its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM®) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint. Nano One has received funding from various government programs and the current “Scaling of Advanced Battery Materials Project” is supported by Sustainable Development Technology Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia. For more information, please visit www.nanoone.ca

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com

Company Contact:

Nano One Contact:
Paul Guedes
info@nanoone.ca
(604) 420-2041

Media Contact:
Chelsea Nolan
Antenna Group for Nano One
nanoone@antennagroup.com
(646) 854-8721

BASF:
Sophie Lyu
Global Communication Battery Materials
sophie.lyu@basf.com
+86 185 2157 3186

Certain information contained herein may constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements with respect to: results of the JDA and status of the partnership with BASF, future projects that may be put into place, the execution of the Company’s plans which are contingent on collaboration, support and awards and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of terminology such as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’, ‘target’, ‘goal’, ‘potential’ or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: results of the JDA and status of the partnership with BASF, future projects that may be put into place, the execution of the Company’s plans which are contingent on such support and awards and the commercialization of the Company’s technology and patents and other risk factors as identified in Nano One’s MD&A and its Annual Information Form dated March 28, 2022, both for the year ended December 31, 2021, and in recent securities filings for the Companies which are available at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.


https://nanoone.ca/news/news-releases/nano-one-and-basf-enter-into-a-joint-development-agreement-for-lithium-ion-battery-materials/
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Twister Twister 2 years ago
Progress update and 1st Qtr results!

https://www.yahoo.com/now/nano-one-provides-quarterly-progress-070500326.html
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Twister Twister 3 years ago
Dear John letter...Finally a chance for real revenue!

Earnings from this public company may finally commence.
Endless research without revenue has no place within business.
Further useless personnel in this company also needs to happen soon.

Time to turn the corner on past fantasy and at least ACT like a going concern.
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Twister Twister 3 years ago
Eight Capital cut target to $6.00...Credibility crisis continues!

Management incompetence; even lacks knowledge of current players.
Endless research and grants are no substitute for putting product into use.

Public companies need real sales/licensing revenues, not college-boy hype.
Time to enlist capable management that can actually provide results.
Send current loser/dreamers chasing next-new-thing packing.
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Twister Twister 3 years ago
3rd quarter results with update!

https://themarketherald.ca/nano-one-provides-quarterly-progress-update-and-reports-q3-2021-results-2021-11-11/

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Twister Twister 3 years ago
China, technology and another rabbit hole... Imagine that!

"Nano One is shifting its LFP strategic direction to large emerging markets outside of China, starting in North America, and has ceased joint development activities with Pulead Technology Industry."

https://finance.yahoo.com/news/nano-one-builds-cop26-shifts-080500219.html
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Twister Twister 3 years ago
NANO technology real world use remains absent!

Grants, raising money and endless research remains excellent.
They remain on a currently unknown collusion course.
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The Night Stalker The Night Stalker 3 years ago
nice
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Twister Twister 3 years ago
Article spotlight on NANO process/progress!

https://www.forbes.com/sites/davidblackmon/2021/06/27/one-company-could-hold-the-key-to-unlocking-critical-mineral-supply-chains/?sh=1ca6eb150a65
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Twister Twister 3 years ago
New NANO ticker in place. Thanks IH!
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kayakbob223 kayakbob223 3 years ago
TSX:NANO
They graduated to Toronto. How do we get IH to change the listing?
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Twister Twister 3 years ago


Good product promotion summary!

https://stockstreetnews.com/battery-metal-demand/?utm_source=yahoo&utm_medium=native&utm_campaign=Yahoo-Native_Metal_SSN-LP-battery-metal-demand_audience-All-Users_c_CA-US_M-F_303042_{campaign_id}&utm_content=Metal_SSN-LP-battery-metal-demand
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Twister Twister 3 years ago


Good product promotion summary!

https://stockstreetnews.com/battery-metal-demand/?utm_source=yahoo&utm_medium=native&utm_campaign=Yahoo-Native_Metal_SSN-LP-battery-metal-demand_audience-All-Users_c_CA-US_M-F_303042_{campaign_id}&utm_content=Metal_SSN-LP-battery-metal-demand
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Twister Twister 3 years ago
Added shares on off-chance they finally license/sell something!

Looks like the share price is ready to move up another level soon.
Hope all the money they have been raising was well spent.


$4.23
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nowwhat2 nowwhat2 4 years ago
Thanks Dick








https://investorintel.com/markets/cleantech/cleantech-news/nano-one-enters-into-a-cathode-evaluation-agreement-with-major-global-automotive-company/







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Twister Twister 4 years ago
Nano One has entered into cathode evaluation/benchmark agreement!

https://investorintel.com/markets/cleantech/cleantech-news/nano-one-enters-into-a-cathode-evaluation-agreement-with-major-global-automotive-company/
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nowwhat2 nowwhat2 4 years ago
Such a strong chart spells.....


Multi-bagger




Also




Wow.....3 golden crosses - Even on a 10 day !.....LOVE this stock !







This from Last week - Broke out of a swell Pennant being formed here






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Twister Twister 4 years ago
They've raised enough money...And money goes to money!

Market action seems willing...
Any sort of deal pulls the trigger.
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Twister Twister 4 years ago
NEWS: More Discounted Shares and Even More Dilution!

Lots of hype attempts, freewheeling comparison, attempting validity.
But no customers actually buying/selling/using the product as in normal sales.

Casino odds remain in play, while someday-sales, licensing remain but a distant dream.

https://ih.advfn.com/stock-market/TSXV/NNO/stock-news/81681677/nano-one-increases-private-placement-to-up-to-10
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kayakbob223 kayakbob223 5 years ago
Up 33% in last half hour in Canada today.

https://cutt.ly/8rcnw7C
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oldmanhowie oldmanhowie 5 years ago
trading action is weird today
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Twister Twister 5 years ago
NEWS of dreaded dilution released to public!

https://finance.yahoo.com/news/nano-one-announces-launch-early-070500262.html
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Twister Twister 5 years ago
Global Automotive Company Issues Purchase Order to Nano One

(TSX-V: NNO) (OTC-Nasdaq Intl Designation: NNOMF) (Frankfurt: LBMB). Nano One’s CEO, Mr. Dan Blondal, is pleased to announce that Nano One has entered into an agreement and has received a purchase order in the amount of CDN$550,000 from a Global OEM (Original Equipment Manufacturer) to jointly evaluate processes and innovative cathode materials for high energy density lithium ion batteries in automotive applications.

“The goal of this collaboration is to improve the stability and durability of nickel rich cathode materials for electric vehicle applications,” said Ms. Hamutal Ben Bassat, Nano One’s VP of Business Development. “This agreement formalizes efforts that began in 2018 and aligns Nano One with a major automotive strategic to identify and commercialize a new generation of lithium ion cathodes and batteries. Project details and commercial terms are confidential.”

Within the project, materials made with Nano One’s proprietary processes will be evaluated under automotive testing conditions with the goal of identifying the most promising processes and material formulations, and exploring future opportunities to advance these technologies through to commercialization.

“Our project partner is a global leader in innovation and commercialization of cutting edge technologies,” said Mr. Blondal. “We are very excited to be working with a company in the forefront of the electric vehicle revolution. Their knowledge in the field and application of innovative battery materials is complementary to our processing technology and scale up expertise. We continue to execute on our business plan and this project adds to our current efforts with other strategic interests in the lithium ion battery 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) 420-2041 or visit the website at www.nanoone.ca.
About Nano One
Nano One Materials Corp (“Nano One” or “the Company”) has developed patented technology for the low-cost production of high performance lithium ion battery cathode materials used in electric vehicles, energy storage and consumer electronics. The processing technology enables lower cost feedstocks, simplifies production and advances performance for a wide range of cathode materials. Nano One has built a demonstration pilot plant and is partnering with global leaders in the lithium ion battery supply chain, to advance its NMC, LFP and LMN cathode technologies for large growth opportunities in e-mobility and renewable energy storage applications.

Nano One’s pilot and partnership activities are being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada ISED). 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 battery materials. www.nanoone.ca

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, the execution of the Company’s plans which are contingent on the receipt of grant monies and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the ability of the Company to obtain additional financing; including the receipt of grant monies from SDTC, ASIP, NRC-IRAP and the receipt of all necessary regulatory approvals. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
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Twister Twister 5 years ago
Nano One Approved for $5 Million Funding
from Sustainable Development Technology Canada

Vancouver, Canada - May 31, 2019 - (TSX-V: NNO) (OTC-Nasdaq Intl Designation: NNOMF) (Frankfurt: LBMB). Nano One CEO, Mr. Dan Blondal, is pleased to announce that Nano One has been approved for $5 million from Sustainable Development Technology Canada (“SDTC”) to support Nano One’s “Scaling Advanced Battery Materials” project.

“This project will support scale up activities with industrial partners and collaborators,” said Mr. Blondal, “and we are thrilled to have SDTC’s approval. Nano One’s project proposal to SDTC involves five multinational manufacturers and European automakers contributing at various stages of research, development, piloting and commercialization. We are currently finalizing the terms of the project financing agreement.”

SDTC is an independent federal foundation that funds companies with the potential to transform the environmental and economic prosperity of Canada. SDTC’s support and championing of Canadian entrepreneurs – in the form of funding, knowledge and ecosystem connectivity – makes a difference in today’s hyper-competitive global market for clean technologies. By taking a pan-Canadian approach, in partnership with the best peers and experts, SDTC is the benchmark for sustainable development innovation programming globally.

“As communicated previously,” Mr. Blondal added, “Nano One is engaged with Pulead Technology and Saint-Gobain and we are pleased to announce that Volkswagen Group Research will join our consortium as a project contributor. Details on the other two project contributors remain confidential. We are inspired to be working with such accomplished global leaders and look forward to accelerating our activities with the support of SDTC.”

The SDTC proceeds will be non-dilutive and non-repayable and they will be directed at the expansion of Nano One’s business and technical activities with its partners. The goals are to expand the laboratory, pilot plant and staffing to support the advancement of next generation lithium ion battery cathode materials, used in electric vehicles and renewable energy storage. Nano One is jointly developing industrial scale processes with its partners for the commercial production of these materials.

Leah Lawrence, President and CEO of SDTC, said “to lower greenhouse gas emissions, we must make it easier for Canadians to adopt new clean technologies. Nano One is leading that change through its low-cost production of high performance lithium ion battery materials, which are broadly used in electric vehicles, energy storage and consumer electronics.”

“SDTC is globally recognized for their expertise in cleantech investment. They have a competitive selection process and they have performed rigorous due diligence of the Nano One consortium application” said Mr. Blondal. “As this will be Nano One’s second round of SDTC support, it represents a strong endorsement of Nano One’s track record and strategic relationships. Nano One has recently completed the SDTC funded Demonstration Pilot Plant Project and we are honoured to have earned SDTC’s confidence for renewed support toward these partnership and growth activities.”

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) 420-2041 or visit the website at www.nanoone.ca.

About Pulead
Established in 1999 by Oriental Investment Co. Ltd and Peking University, Pulead Technology Industry is one of China’s leading Li-ion battery cathode producers. Together with its strategically positioned subsidiaries and JVs in cathodes and separators as well as in upstream lithium resources and downstream large format battery packs, Pulead is becoming a key player in the Li-ion battery supply chain. www.pulead.com.cn/en/

About Saint-Gobain
Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change. Saint-Gobain recorded €41.8 billion in sales in 2018, is operating in 67 countries and has more than 180,000 employees. To learn more about Saint-Gobain go to www.saint-gobain.com and follow on Twitter @saintgobain

About Volkswagen
The Volkswagen Group with its headquarters in Wolfsburg is one of the world’s leading automobile manufacturers and the largest carmaker in Europe. The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. Each brand has its own character and operates as an independent entity on the market. The product spectrum ranges from motorcycles to small cars and luxury vehicles. In the commercial vehicle sector, the products include ranges from pick-ups, buses and heavy trucks. The Group operates 120 production plants in 20 European countries and a further 11 countries in the Americas, Asia and Africa. Every weekday, around 642,292 employees worldwide produce nearly 44,170 vehicles, and work in vehicle-related services or other fields of business. The Volkswagen Group sells its vehicles in 153 countries. With its “TOGETHER – Strategy 2025" future program, the Volkswagen Group is paving the way for the biggest change process in its history: the realignment of one of the best carmakers to become a globally leading provider of sustainable mobility. www.volkswagenag.com.

About SDTC
SDTC is a flagship program, and our funding of Canadian entrepreneurs has created jobs, growth, and long-term prosperity for Canada. SDTC is a lean organization with a big impact. Since its inception, SDTC has invested over $1 billion in more than 300 companies, creating 12,000 jobs. Our companies have reduced greenhouse gas emissions by an estimated 13.8 megatonnes annually. SDTC’s efforts have been focused on small- and medium-sized enterprises, recognizing that this is where we can make the biggest impact. Our funding gives companies the critical boost they need to advance their projects in the challenging stages of pre-commercial development and demonstration. For more information, please visit sdtc.ca

About Nano One
Nano One Materials Corp (“Nano One” or “the Company”) has developed patented technology and pilot scale demonstration for the low-cost production of high performance lithium ion battery cathode materials used in electric vehicles, energy storage and consumer electronics. The processing technology enables lower cost feedstocks, simplifies production and advances performance for a wide range of cathode materials. Nano One has built a demonstration pilot plant and is partnering with global leaders in the lithium ion battery supply chain, to advance its NMC, LFP and LMN cathode technologies for large growth opportunities in e-mobility and renewable energy storage applications.

Nano One’s pilot and partnership activities are being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada ISED. Nano One also receives financial support from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). www.nanoone.ca
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oldmanhowie oldmanhowie 6 years ago
I like it!
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Ubertino Ubertino 6 years ago
Money will decide the issue.

And China will prevail!

Money talks.

Electric rules.

To the Victor in competition goes the spoils.
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oldmanhowie oldmanhowie 6 years ago
This is good news. Unfortunately with relations between Canada and china isn't the best. people are wary of investing in Canadian company doing business with China. Otherwise there would have been a bigger price pop. IMO
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hebbeke47 hebbeke47 6 years ago
https://nanoone.ca/nano-one-signs-a-joint-development-agreement-with-chinese-cathode-producer-pulead-technology-industry/
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Ubertino Ubertino 6 years ago
SEDAR is closed for maintenance today but open tomorow:

https://www.sedar.com/search/search_en.htm
https://www.sedar.com/search/search_form_pc_en.htm

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00006073
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Ubertino Ubertino 6 years ago
Nano One + Saint-Gobain:

https://www.siliconinvestor.com/readmsg.aspx?msgid=31986568
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hebbeke47 hebbeke47 6 years ago
Stock is halted news coming
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Twister Twister 6 years ago
Nano One Inks Deal With Materials Giant Saint-Gobain!

Score one for Vancouver cleantech firm Nano One Materials (Nano One Stock Quote, Chart TSXV:NNO).

Nano One, which has been perfecting a way to counter the supply strain of lithium that is used in electric car batteries by combining materials at the atomic level instead of the industry standard practice of mechanically melting, grinding and milling materials, has won a powerful ally.

French multinational Saint-Gobain, whose revenue tops 40-billion euros, today announced a Joint Development agreement with Nano One. The pair will work on enhancing high temperature processing of Nano One’s lithium ion battery materials.

“Saint-Gobain has a rich history in innovation and collaboration,” Nano One’s VP of Business Development Ms. Ben Bassat said. “and we are delighted to be working with a global leader in materials and sustainable solutions. Their materials are complementary to our processing technology and this agreement adds to our current efforts with other strategic interests in the lithium ion battery supply chain.”
Saint-Gobain hints that it is looking to become a global leader in the battery space.

“Innovation for a sustainable future is at the core of both companies and our combined know-how has the potential to put us at the forefront of transformative energy storage solutions,” Mr. Natesh Krishnan, Worldwide Commercial Director for Saint-Gobain said. “We look forward to working in close collaboration with Nano One.”


https://www.cantechletter.com/2018/12/vancouvers-nano-one-inks-deal-with-french-materials-giant-saint-gobain/

https://nanoone.ca/nano-one-signs-a-joint-development-agreement-with-saint-gobain/
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Twister Twister 6 years ago
Plans for new EV battery production in Europe!

(Reuters) - Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters.
The measures, expected to be announced by Economy Minister Peter Altmaier next week, are designed to reduce the dependence of German carmakers on Asian battery suppliers and protect German jobs at risk from the shift away from combustion engines.
Below are details of plans to establish electric vehicle (EV) battery plants in Europe:

NORTHVOLT
The Swedish company, headed by a former Tesla executive, aims to build Europe's biggest lithium-ion battery factory, producing 32 gigawatt hours (GWh) of battery cells a year by 2023, rivalling Tesla's U.S. "gigafactory".
It has partnered with German carmaker BMW ahead of plans to raise 1.5 billion euros in debt and equity to build an initial 8 GWh of capacity and has asked for a 400 million euro loan from the European Investment Bank.
German industrial giant Siemens is helping to build the factory. Northvolt will become its preferred supplier for lithium-ion batteries when production starts in 2020.
Northvolt is also planning a factory in Poland to produce battery systems for energy storage companies and the mining industry. The plant in Gdansk would take cells from the Swedish factory and use them to develop battery systems or modules.
A Northvolt spokesman said the company was not involved in talks to forge a German-led consortium, but he said Northvolt would welcome more alliances in Europe.

TESLA
U.S. electric carmaker Tesla favours Germany as the location for its first European gigafactory, its chief executive Elon Musk said in July.
Tesla already has operations in Pruem, Germany, with its Grohmann Automation division that specialises in automated manufacturing systems for battery making plants.
Tesla has said it plans to build three more gigafactories to accompany its first in Nevada, United States. That plant is jointly owned by Panasonic, which is the exclusive battery cell supplier for Tesla's mass-market Model 3 sedan.

CATL
China's Contemporary Amperex Technology Co (CATL) said in July it would build its first production site in Europe in Germany and the plant would supply carmaker BMW with lithium-ion batteries.
BMW plans to source 4 billion euros of battery cells from CATL over the next few years, with 1.5 billion euros coming from the new site in Erfurt in eastern Germany.
The CATL factory will create about 600 jobs and reach a production capacity of 14 gigawatt hours (GWh) by 2022. CATL had shipments of 12 GWh in 2017.

BYD
Chinese electric vehicle maker BYD is one of the world's biggest battery producers with the lowest production costs, according to Bernstein Research.
BYD is considering cell production in Europe, an executive told Reuters earlier this year, adding it was not clear where it might be located. The company has two production sites for electric buses in Europe, in Hungary and France.

LG CHEM
South Korea's LG Chem plans to produce 100,000 EV batteries per year at its new Polish factory near the western city of Wroclaw, 190 km (120 miles) from the German border.
The LG Chem plant supplies batteries to German carmakers Audi, Porsche and Daimler. It has also secured a contract to supply batteries for Germany's Volkswagen starting in late 2019.
The factory's planned output of 100,000 battery cells is equivalent to roughly 4 GWh per year which means the plant's capacity is just a fraction of expected future demand in Europe.

GSR CAPITAL http://www.gsrcapital.com/en
Chinese investment firm GSR Capital last year bought Nissan Motor Co's electric vehicle battery business - Automotive Energy Supply Corp - including battery plants in Japan, the U.S. state of Tennessee and England.
The UK plant produces 2 GWh of lithium ion batteries per year for Nissan electric vehicles.

GS YUASA
Japanese battery maker GS Yuasa Corp said in January it would set up a factory in Hungary that would assemble lithium ion batteries and would consider producing cells on the site in the future.

SAMSUNG SDI
South Korea's Samsung SDI Co started production at a new factory near Budapest this year that is expected to produce batteries for 50,000 electric vehicles a year.

Samsung SDI, an affiliate of Samsung Electronics Co Ltd, also produces rechargeable batteries for electronic devices such as smartphones and energy storage systems.
Samsung SDI, which already has a plant in Austria assembling battery packs, has supplied batteries to Volkswagen and BMW.

SK INNOVATION
South Korea's SK Innovation plans to break ground this year on a battery plant in Hungary and launch production from 2020, producing 7.5 GWh of batteries per year.
SK Innovation started as Korea Oil Corporation and owns South Korea's largest crude oil refiner. It also has divisions for chemicals, lubricants, batteries and electronic materials.

SAFT
France's Saft, owned by energy company Total produces a range of batteries, including for back-up power and industrial applications, but not for electric vehicles.
In February, it created an alliance with German industrial group Siemens, Solvay and Manz to develop a new generation of batteries.
The group will focus on advanced high-density lithium-ion and solid-state technology, targeting the market for electric vehicles, railway, marine sectors, among others.
A Saft spokesman said the company was not participating in Germany's e-mobility summit on Nov. 12-13 and that Saft was not aware of another multinational battery cell alliance.

TERRAE
The German-based consortium of 17 companies and research institutions announced plans last year to build two foundries, where lithium-ion battery cells are produced to customers' specifications. It said its two planned factories would have a capacity of 34 GWh by 2028, which would top Northvolt's plans.
But the consortium has run into liquidity problems as companies shied away from investing, industry sources told Reuters. So the future of TerraE remains unclear.
A spokesman of TerraE did not respond when asked by Reuters to give an update of its battery cell plans.

VOLKSWAGEN
Volkswagen's supervisory board is due to discuss its electric car and battery cell strategy at a meeting on Nov. 16. The German carmaker has said in the past that it was studying battery cell production at its plant in Salzgitter.
A source told Reuters on Thursday that the board would discuss a far-reaching alliance with South Korean battery cell maker SK Innovation.

BMW
BMW is establishing a technology consortium with Northvolt and Belgium's Umicore to develop a value chain for battery cells in Europe, including development, production and, ultimately, recycling.
The company has also said it will purchase specific raw materials such as cobalt, and then make them available to battery cell suppliers as a way to secure a supply of electric car batteries.

DAIMLER
Daimler said it would add battery manufacturing capabilities to its Mercedes-Benz plants in Sindelfingen and Untertuerkheim in the southern state of Baden-Wuerttemberg.
The company is already assembling batteries in its Kamenz plant in the eastern state of Saxony, but the factory relies on imported battery cells.

CONTINENTAL
German auto parts and tyre maker Continental AG formed a joint venture in March with Chinese auto parts supplier CITC to produce so-called mild hybrid batteries in China.
Continental also said it was considering making EV batteries using solid-state technology, but for was holding out for now until more advances have been made in the field.

(Reporting by Michael Nienaber in Berlin, Ed Taylor in Frankfurt, Jan C. Schwartz in Hamburg, Esha Vaish in Stockholm, Bate Felix in Paris; editing by David Clarke)


https://finance.yahoo.com/news/factbox-plans-electric-vehicle-battery-071139484.html
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kayakbob223 kayakbob223 6 years ago
Is our future in this article?
https://seekingalpha.com/article/4218295-nano-ones-battery-platform?source=email_rt_article_readmore
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Twister Twister 6 years ago
Dr. Stephen Campbell Takes on Role as CTO!

Dan Blondal, CEO of Nano One Materials Corp. (TSXV: NNO) (OTC Pink: NNOMF) (FSE: LBMB), is pleased to announce that Dr. Stephen Campbell, Principal Scientist, will be taking on a new role as Chief Technology Officer (CTO).

“Nano One is at a vital stage in its growth and I am happy to move into the position of CTO at this exciting time,” said Dr. Campbell. “I am looking forward to providing the technical leadership and, with our very talented scientific team, building collaborative relationships with industry partners to bring Nano One’s technology to market.”

Dr. Campbell has provided scientific leadership for the past three years, expanding the size of the scientific team and managing the growth of the patent portfolio. Stephen’s vision has fueled Nano One’s exciting technologies and put Nano One on the world stage. In his new role as CTO he will continue to develop collaborative relationships to support Nano One’s strategic objectives in the short, medium and long term.

Nano One is developing process technology for the production of lithium ion battery cathode materials that include lithium iron phosphate (LFP), cobalt free high voltage spinel (HVS) and nickel rich lithium ion battery chemistries (NMC). Nano One is jointly evaluating its materials and processes with globally recognized companies throughout the lithium ion battery supply chain, including automotive interests, with the aim of collaboratively developing manufacturing facilities for LFP production and next generation lithium-ion/solid-state battery technologies.

“Stephen has contributed tremendously to Nano One’s success over the last few years,” explained Mr. Blondal. “He has brought a deep understanding of electrochemistry and scientific rigour to Nano One while empowering our brightest minds to push boundaries and add value. I look forward to growing the company with Stephen.”
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) 420-2041 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, consumer electronics and next generation batteries. 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 has built a pilot plant to demonstrate high volume production, provide larger volumes of material for third party testing and has preliminary engineering plans in place for full scale production of a range of cathode materials. This pilot plant program is being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada (ISED). 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.

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the actual receipt of the grant monies, the execution of the Company’s plans which are contingent on the receipt of such monies and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
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Twister Twister 6 years ago

Nano One Chairman Awarded Entrepreneur of the Year!

VANCOUVER, British Columbia, Oct. 01, 2018 (GLOBE NEWSWIRE) -- (TSX-V: NNO) (OTC-Nasdaq Intl Designation: NNOMF) (Frankfurt: LBMB). Nano One Materials Corp., announces that Nano One Chairman, Paul Matysek, was awarded Ernst and Young’s 2018 Entrepreneur of the Year for Mining and Resources.

Mr. Matysek said, “I am very excited and humbled by receiving this prestigious award. I have made a career of providing the necessary inputs in support of the electric vehicle revolution. I am more confident than ever that Nano One’s management, scientific team and ground-breaking technology will be integral in the development of future battery solutions.”

Dan Blondal, Nano One CEO, said, “Paul’s proven entrepreneurial experience is a great asset to Nano One, especially now, at a pivotal stage in our growth and development.”

On a different note, Ms. Tammy Gillis, Nano One’s CFO, has resigned to pursue an opportunity closer to home, after completing an orderly transition of her day to day responsibilities to Nano One’s full time controller, Ms. Susan Pan, CPA, CMA, MBA. Mr. John Lando, Founder and President of Nano One, has taken on the role of interim CFO, effective October 1, 2018.

“On behalf of everyone at Nano One,” said Mr. Blondal, “I would like to thank Tammy for her many years’ service and we wish her every success in her future endeavors. She has left us with solid accounting practices for the execution of our business plans and going forward, we welcome John’s financial leadership.”

Nano One Materials Corp.

Dan Blondal, CEO

For information with respect to Nano One or the contents of this news release, please contact Nano One at (604) 420-2041 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, consumer electronics and next generation batteries. 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 has built a pilot plant to demonstrate high volume production, provide larger volumes of material for third party testing and has preliminary engineering plans in place for full scale production of a range of cathode materials. This pilot plant program is being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada (ISED). 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

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the actual receipt of the grant monies, the execution of the Company’s plans which are contingent on the receipt of such monies and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE


https://globenewswire.com/news-release/2018/10/01/1587838/0/en/Nano-One-Chairman-Awarded-Entrepreneur-of-the-Year.html
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oldmanhowie oldmanhowie 6 years ago
Agreed. I’m just impatient. Been in this since $0.60. I’ll wait. Love this tech!
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Twister Twister 6 years ago
Likely significance here... Serious sales focus/efforts/strategy finally emerging!


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oldmanhowie oldmanhowie 6 years ago
Blah, blah, blah. Sales?
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Twister Twister 6 years ago
VANCOUVER, British Columbia, Sept. 20, 2018 (GLOBE NEWSWIRE) -- (TSX-V: NNO) (OTC-Nasdaq Intl Designation: NNOMF) (Frankfurt: LBMB). Dan Blondal, CEO of Nano One Materials, is pleased to announce that its Lithium Iron Phosphate (LFP) cathode material, and the cost of making it, are outperforming global benchmarks and could be a disruptive force in the lithium ion battery market space.
“Major cathode producers have begun evaluating our LFP and initial results are consistent with the excellent battery performance we’ve been measuring in our lab,” said Mr. Blondal. “The preliminary economic modeling is also very compelling with LFP production costs conservatively estimated at 10 to 30% below industry standards.”
The global LFP market size is projected to be 130,000 tonnes in 2025 and worth about $1.5B. To address this opportunity, Nano One has developed a proprietary process, using lithium carbonate, that enables lower cost sources of iron and phosphate than those used presently by LFP producers. Economic modeling of this innovative process, based on adding production line capacity in units of 10,000 tonnes per annum, delivers capital and operating projections well below current industry costs. This leads to a sizable revenue opportunity that Nano One is evaluating with commercial interests in the lithium ion battery and cathode material space.
LFP is the cobalt-free, high durability, low cost, and safest cathode material of choice for lithium ion batteries. It is used in e-buses, e-bikes, power tools and grid storage systems for renewable energy. As costs come down, LFP may also replace lead acid batteries, further increasing demand.
LFP is currently produced through either hydrothermal or solid-state methods. The hydrothermal method produces high quality LFP but is costly due to high pressure and high temperature aqueous reactions and a waste lithium salt stream that must be recovered. The solid-state method, by comparison, is lower cost with lower quality LFP, produced by grinding, milling and firing in controlled atmospheres. Both of these methods require powders of LFP to be carbon coated in a series of post-production steps. In contrast to these production methods, Nano One has developed a simpler process that produces high performance carbon coated LFP particles from an aqueous solution operating at atmospheric temperature, pressure and mild pH. It uses low cost raw materials, with fewer steps and does not produce a waste stream.
Nano One Chairman, Paul Matysek added, “There is a compelling business case with our LFP technology, it is ripe for partnership on full scale production, and this adds to other opportunities Nano One is pursuing to jointly develop solid state batteries and low-cobalt chemistries.”
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) 420-2041 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 has built a pilot plant to demonstrate high volume production and to optimize its technology across a range of materials. The pilot plant is being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada ISED). 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
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, the execution of the Company’s plans which are contingent on the receipt of grant monies and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the ability of the Company to obtain additional financing; including the receipt of grant monies from SDTC, ASIP, NRC-IRAP and the receipt of all necessary regulatory approvals. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE


https://globenewswire.com/news-release/2018/09/20/1573494/0/en/Nano-One-Ramps-up-Efforts-on-its-Innovative-Lithium-Iron-Phosphate-Technology.html
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Twister Twister 6 years ago
Nano One Innovation Provides Cost and Performance Advantages!

VANCOUVER, British Columbia, July 18, 2018 (GLOBE NEWSWIRE) -- Dan Blondal, CEO of Nano One Materials (TSX-V:NNO) (OTC:NNOMF) (Frankfurt:LBMB), is pleased to provide an update on Nano One’s innovative process for the production of Lithium Iron Phosphate (LFP) initially announced in a press release on July 24, 2017.

“Recent process innovations in the laboratory have improved the discharge capacity of Nano One’s LFP to over 160 mAh/g,” said Mr. Blondal, “making it 10 mAh/g better than typical LFP. We have also made process innovations at the pilot scale and we believe this will provide an economic advantage in terms of scaled up production.”

A preliminary engineering model, based on annual production of 1000 metric tonnes, indicates that Nano One’s LFP process is competitive in both cost and performance metrics. These advances have been included as part of Nano One’s recently filed LFP patent application. Nano One will continue optimizing its LFP process for further cost reduction, improved process throughput and enhanced battery performance.

LFP is the cobalt-free, high durability, low cost, and safest cathode material of choice for lithium ion batteries used in e-buses, e-bikes, power tools and grid energy storage systems. Currently, LFP is produced commercially through either hydrothermal or solid-state methods. The hydrothermal method produces high quality LFP but is costly due to high pressure high temperature aqueous reactions and a waste lithium salt stream that must be recovered. The solid-state method, by comparison, is lower cost with lower quality LFP, produced by grinding, milling and firing in controlled atmospheres. Both of these methods require powders of LFP to be carbon coated in a series of post-production steps.

Dr. Majid Talebi, a senior scientist at Nano One, has developed a simple process that produces high performance carbon coated LFP from an aqueous solution operating at atmospheric temperature and pressure.

Dr. Talebi said, “The process uses low cost raw materials, involves fewer steps and does not produce a waste stream. We also add carbon directly in our process which coats the LFP particles automatically in the firing stage, promoting ideal particle formation while eliminating post-production coating costs.”

Mr. Blondal added, “We are confident that our progress with LFP makes a compelling business case and we will be pursuing opportunities with LFP stakeholders, adding to the opportunities being pursued with Nano One’s other cathode materials and processes.”

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) 420-2041 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 has built a pilot plant to demonstrate high volume production and to optimize its technology across a range of materials. The pilot plant is being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada ISED). 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

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, the execution of the Company’s plans which are contingent on the receipt of grant monies and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the ability of the Company to obtain additional financing; including the receipt of grant monies from SDTC, ASIP, NRC-IRAP and the receipt of all necessary regulatory approvals. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE


https://globenewswire.com/news-release/2018/07/18/1538740/0/en/LFP-Innovation-for-Lithium-Ion-Batteries-Provides-Nano-One-with-Cost-and-Performance-Advantages.html
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Twister Twister 6 years ago
NEWS... Lots of words produced, none of them sales!

VANCOUVER, British Columbia, July 10, 2018 (GLOBE NEWSWIRE) -- (TSX-V:NNO) (OTC:NNOMF) (Frankfurt:LBMB). Dan Blondal, CEO of Nano One Materials Corp., is pleased to provide an update on Nano One’s progress, including a summary of cathode technology advances and opportunities with major lithium ion battery stakeholders, especially in automotive and industrial energy storage.

“Over the last year, we have grown our team, our technology and our market presence,” said Mr. Blondal. “Over the last six months, Nano One has signed about ten NDA’s and five materials transfer agreements with tier 1 automotive OEMs and their suppliers, and we have at least a half dozen more in progress. We have met construction and optimization milestones set forth with the Government of Canada for our Demonstration Pilot Project and are now working towards a final set of milestones for third party validation of our cathode materials. Materials testing is proceeding on a number of fronts with a focus on our innovative cobalt-free high-voltage spinel and other novel materials.”

In June 2017, Nano One commissioned a demonstration pilot plant to prove its process at scale, enable larger volumes of materials for third party material testing, and provide an engineering platform for further optimization. Since that time, various cathode materials have been successfully made and validated at the pilot scale including NMC (lithium nickel manganese cobalt oxide), HVS (lithium manganese nickel oxide or high voltage spinel) and LFP (lithium iron phosphate).

Based on the piloting activities, a preliminary full-scale engineering design for commercial deployment was developed in the last quarter of 2017 enabling Nano One to engage with strategic supply chain interests. The resulting engineering design package describes a modular unit capable of 3,300 tonnes per year, representing cathode material for approximately 24,000 60kWh electric vehicles batteries. This design can be tailored to a client’s requirements with the ability adjust to the market in terms of both scale and cathode formulation.

Since the first quarter of this year, Nano One has also made significant progress in the lab toward improved cathode material performance, specifically in the areas of stability and durability. Notably, Nano One has developed coatings and treatments for its cathode materials that improve problematic interfaces with both solid and liquid electrolytes. This has drawn the attention of a burgeoning global effort to develop commercially viable solid-state batteries, where safety, energy density, durability and charging promise to be much improved.

In the last year, Nano One has also grown its patent portfolio from 3 to 9, adding Japan, Korea and Canada to its other patents in the US and Taiwan. Nano One is pursuing over 30 new patent applications that will extend the company’s global intellectual property portfolio across more than a dozen patent families.

Mr. Blondal added “I’m proud of the Nano One team and encouraged by what we have in the pipeline. We are in a critical phase of optimizing and evaluating cathode materials with third party business interests. This process requires an iterative and thorough approach to test and validate each batch of materials. We are confident that success in this phase of our business will create transformative market pull for Nano One’s process technology.”

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) 420-2041 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, consumer electronics and next generation batteries. 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 has built a pilot plant to demonstrate high volume production, provide larger volumes of material for third party testing and has preliminary engineering plans in place for full scale production of a range of cathode materials. This pilot plant program is being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada (ISED). 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

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the actual receipt of the grant monies, the execution of the Company’s plans which are contingent on the receipt of such monies and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE


https://globenewswire.com/news-release/2018/07/10/1535046/0/en/Nano-One-Corporate-Update.html
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Twister Twister 6 years ago
Nano One Receives $760,145 Milestone Payment from SDTC!

Vancouver, Canada —June 19, 2018— (TSX-V:NNO) (OTC:NNOMF) (Frankfurt: LBMB). Dan Blondal, CEO of Nano One Materials, is pleased to announce that Nano One has met its objectives on pilot plant optimization and received a milestone payment of $760,145 from Sustainable Development Technology Canada (SDTC).
“This is the third of four installments from SDTC,” said Mr. Blondal, “released to Nano One after delivering on its commitments. SDTC has a comprehensive review process and this confirms Nano One’s ability to execute on its plans to date. The funds are an advance on the work currently underway to validate Nano One’s technology with third party commercial interests.”
To date, the Government of Canada has contributed over $3.2 million in non-dilutive support to Nano One’s pilot plant project through SDTC and the Automotive Supplier’s Innovation Program (ASIP). Nano One has also received support from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) on related projects.

Mr. Blondal said “Nano One has optimized and demonstrated the production of pilot scale volumes of various lithium nickel manganese and cobalt based cathode materials as well as its cobalt free high voltage spinel and lithium iron phosphate. SDTC, ASIP and the Government of Canada are providing crucial support and Nano One remains committed to the commercialization of its manufacturing technology for the production of next generation lithium ion battery cathode materials.”
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) 420-2041 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 has built a pilot plant to demonstrate high volume production and to optimize its technology across a range of materials. The pilot plant is being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada ISED). 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
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, the execution of the Company’s plans which are contingent on the receipt of grant monies and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the ability of the Company to obtain additional financing; including the receipt of grant monies from SDTC, ASIP, NRC-IRAP and the receipt of all necessary regulatory approvals. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

https://nanoone.ca/nano-one-receives-760145-milestone-payment-from-sdtc/

https://nanoone.ca/investors/nno-infographic/

https://nanoone.ca/wp-content/uploads/2018/05/NanoOne_4pgFactSheet_May2018.pdf

https://nanoone.ca/investors/cathodes-infographic/
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Twister Twister 6 years ago
Race to cut cobalt dependency!

https://uk.reuters.com/article/us-cobalt-evs-ahome/commentary-tesla-leads-electric-vehicle-race-to-cut-cobalt-dependency-idUKKCN1J21HO

https://steelguru.com/metal/tesla-to-reduce-cobalt-use-in-ev-batteries-to-almost-nothing/508922

https://cleantechnica.com/2018/05/13/teslas-next-generation-cathodes-a-victory-for-human-rights-advocates-against-drcs-artisanal-mining/
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Buqqq Buqqq 6 years ago
Current float is 53.85Mil according to Seeking Alpha-

Here is the link
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Twister Twister 6 years ago
Novel Coating Technique for a Longer Lasting Battery!

April 19, 2018 04:03 ET | Source: Nano One Materials Corp.

VANCOUVER, British Columbia, April 19, 2018 (GLOBE NEWSWIRE) -- Dr. Stephen Campbell, Principal Scientist at Nano One (TSX-V:NNO) (OTC:NNOMF) (Frankfurt:LBMB), announced today that Nano One has developed coating technology that stabilizes cathodes for use in advanced lithium ion batteries and has applied for patent protection related to this coating technique.

“The innovation applies a coating to particles of cathode material without adding steps to our process,” explained Dr. Campbell, “and this reduces degradation and resistance between the cathode and the electrolyte in lithium ion batteries. We are encouraged by the preliminary results of our findings as this could help solve long-standing degradation mechanisms, enable energy dense battery designs, and increase the number of times that a battery can be recharged over its lifetime.”
Figure 1: Nano One Coating Process
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3606/34129_a1524110455273_13.jpg

“The improvements are pronounced under warmer operating conditions, such as those seen in electric vehicles,” added Dr. Campbell. “This is particularly suited to the commercialization of high energy and high voltage cathode materials, where the elimination or reduction of cobalt requires alternatives to enhance stability and durability.”
These advances have now enabled Nano One to increase its collaborative work with European and Asian commercial interests in the automotive supply chain, with the aim of developing materials for next generation solid state batteries. A detailed and technical explanation of the opportunity is provided below.

A stable, ion conducting coating on the surface of Nano One’s High Voltage Spinel (HVS) could solve interfacial problems for both liquid and solid ceramic electrolytes by inhibiting manganese dissolution in liquids and increasing conductivity with solid state electrolytes. Nano One has developed two types of coatings that stabilize the cathode when cycled at 55°C which could improve durability and stability without impacting capacity.

HVS has attracted attention in the lithium battery supply chain for two reasons. Firstly, the material contains no cobalt and based on cobalt supply constraints, HVS could reduce supply risk. The material contains primarily manganese and a small portion of nickel, and thereby measurably lower costs. Secondly, HVS has the highest and one of the most constant discharge voltages, measuring 4.7 volts which offsets its lower capacity. HVS also has high rate capability, which means that it can be charged and discharged rapidly without losing capacity.
On its own, HVS degrades rapidly when cycled at 55°C which is a design criterion for electric vehicles. Also, charging and discharging at 4.7 volts may cause the degradation of common liquid electrolytes which are considered unstable above 4.2 volts.

One solution to the electrolyte issue is to replace the liquid electrolyte with a solid polymer, glass or ceramic fast ion conductor. The Solid-State Electrolyte (SSE) makes dendritic cell failure and fire unlikely, and so enables the use of a lithium metal anode, replacing the bulky graphite with an ultra-thin anode and increasing the energy density of the cell. This solid-state design opens the opportunity for a safer, denser and high voltage lithium ion cell. Ceramic fast ion conductors such as Li3.25Ge0.25P0.75S4 (ref Kanno and Murayama J. Electrochem. Soc.;148(2001) A742) can have lithium conductivities as high as current liquid electrolyte.

Unfortunately, the physics of the HVS/SSE interface creates a highly resistive layer and high ionic conductivity is not realized when cells are constructed. Nano One has developed a coating that could increase ion conductivity with SSE’s and passivate manganese dissolution in liquid electrolytes while reducing electrolyte instability above 4.2 volts. This innovation has led Nano One to apply for patent protection.

CEO Dan Blondal added “We are encouraged by this innovation and we believe this technology could be of similar value to nickel-rich low-cobalt NMC’s where instabilities, voltage limitations and degradation are preventing commercial adoption in lithium ion batteries. Work initiated with commercial interests is growing and will focus on the integration of these materials with other advances in high energy and solid-state batteries. We look forward to sharing progress on these initiatives as they develop in the future.”

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, consumer electronics and next generation batteries. 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 has built a pilot plant to demonstrate high volume production and has preliminary engineering plans in place for full scale production of a range of cathode materials. This pilot plant program is being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada (ISED). 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
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the actual receipt of the grant monies, the execution of the Company’s plans which are contingent on the receipt of such monies and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE


https://orders.newsfilecorp.com/files/3606/34129_a1524110455273_13.jpg

https://globenewswire.com/news-release/2018/04/19/1481464/0/en/Nano-One-Develops-Novel-Coating-Technique-for-a-Longer-Lasting-Battery.html

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habsguy habsguy 6 years ago
Powder potential.......Wondering where these powders can take u?....go to Stockhouse nno's board.....click on JPN19685.....u can fallow the person's posts...about 5...the person does a awesome job of laying out the powders $$ potential....we are getting closer to a deal....glta and have a wonderful we...
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Twister Twister 6 years ago
Article regarding Cobalt (pricing stress) from prior post...

Business NewsMarch 15, 2018 / 9:40 AM / Updated an hour ago
How Congo faced down some of the world's biggest mining firms

Aaron Ross
8 Min Read

DAKAR (Reuters) - In an ornate room in Democratic Republic of Congo’s presidential palace last week, some of global mining’s most powerful men faced off against government officials over proposed changes to the country’s mining code.

FILE PHOTO: Congo's Mines Minister Martin Kabwelulu flanked by mining executives operating in Congo addresses a news conference after a meeting President Joseph Kabila (not in the picture) in Kinshasa, Democratic Republic of Congo March 7, 2018. REUTERS/Kenny Katombe/File Photo
Facing the officials, including President Joseph Kabila, the executives at times threatened to pursue arbitration or close mines if the government went ahead with changes including royalty increases, according to one of the president’s top advisers, Barnabe Kikaya bin Karubi, who attended the meeting.
But there was no mistaking the sense of defeat as executives from Glencore (GLEN.L), Randgold (RRS.L), Ivanhoe (IVN.TO) and other firms descended the red carpeted stairs after six hours to accept before the media a mining code that hikes taxes and removes exemptions for cobalt and other minerals.
It was an extraordinary climb down for companies that had campaigned tooth-and-nail for six years for better terms, and the president signed the bill into law two days later.
Congolese officials close to the process say that, in being so publicly combative, the miners overplayed their hand, and in so doing hardened the government’s resolve. “We realised the bad faith on their part,” said Patrick Kakwata, president of the National Assembly’s Natural Resources Commission, which oversees mining legislation.

“They only wanted to look after their own interests and not also the interests of the Congolese people.”
The changes to the mining code in Congo, which supplies some 60 percent of the world’s cobalt, could have repercussions for consumers around the world if mining companies pass on costs.
Cobalt is a key ingredient in lithium-ion batteries that power smartphones and electric cars. Rising demand for those products has caused cobalt prices to more than triple in the last two years.
The Congolese government’s success in facing down the companies’ lobbying could also signal a shift in the balance of power as countries sitting on increasingly lucrative resources become emboldened.
Congo’s effort could serve as a model for other countries looking to boost mining sector revenue, particularly those that can leverage demand for prized metals like cobalt.
TEAM DISPATCHED
Meeting participants Glencore, Randgold, Zijin (601899.SS), China Molybdenum (603993.SS) and Ivanhoe declined to comment for this story. The other participant, MMG, did not immediately respond to a request for comment.
Early last month, Randgold publicly threatened to challenge the new code through international arbitration if Kabila did not return it to the mines ministry for further consultation with industry.
And, in December, several of Congo’s largest mining companies said in a statement that an earlier version of the code passed by the lower house of parliament would “cause the certain death of a young industry”.
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On Thursday, the mining companies said in a statement they had dispatched a team of legal and technical specialists to Kinshasa for talks with the Congolese government about drafting measures to implement the code.
The companies said they hoped those discussions would include negotiations over royalties and taxes as well as recognition of the previous code’s stability clause.
Mines Minister Martin Kabwelulu, however, said after last week’s meeting that nothing agreed to in the follow-up negotiations could contradict the terms of the new code.
The new mining code strips away a stability clause protecting existing investments from changes to the fiscal and customs regime for 10 years, opens the door for cobalt royalties to increase five-fold and introduces a 50 percent windfall profits tax.
The new code applies to all minerals, including copper, of which Congo is Africa’s top producer.
Companies could still challenge it through international arbitration. It is also unclear how rigorously the code will be enforced in a country where informal arrangements often supersede legal provisions.
In a joint statement issued by the Congo government and the mining executives directly after the meeting, the miners said they had received assurances from Kabila “that their concerns will be taken into account through a constructive dialogue with the government after the promulgation of the new mining law”.

Slideshow (2 Images)
“SUCKERED”
Private investors have poured money into Congo since Kabila signed the 2002 mining code at the tail end of a 1998-2003 war. But locals have seen few benefits. Congo remains one of the world’s least developed countries, plagued by corruption and poor governance.
In March 2015, the government submitted a bill to parliament that proposed raising royalties to levels higher than in the 2002 code but still lower than in most rival mining countries.
Mining companies resisted, saying that proposed changes to the code would “put the future of the country’s mining industry at grave risk” and urged the government to retain the 2002 code.
Following a steep drop in commodities prices, Congo’s government buckled to industry pressure and announced in March 2016 it was suspending consideration of the new code.
But as the commodity slump bit into the national economy last year - stretching foreign reserves to breaking point and pushing inflation to 47 percent - the government needed cash.
Parliament toughened up the code at the start of this year.
Protections under the previous code’s stability clause were axed entirely. A 10 percent royalty was introduced on “strategic substances”, which the prime minister’s office said this week would include cobalt and possibly copper.
Glencore PLC
379.15
GLEN.LLondon Stock Exchange
-4.40(-1.15%)

GLEN.LRRS.LIVN.TO601899.SS603993.SS
Companies were also mandated to repatriate 60 percent of export revenues to Congo, up from 40 percent in earlier drafts.
Lawmakers involved in the negotiations did not provide clear explanations for how these last-minute changes came about, but two of them said that they had grown inured to doomsday warnings from miners about the code killing investment.
“There is this contradiction that emerges each time ... when the miners declare losses (in Congo) when their mother company is only enjoying success,” said Alain Lubamba, an MP closely involved in the revision process.
“This means that we’re being suckered.”
Mining companies in Congo typically say that the high risk and cost of investing in the vast country with poor infrastructure hit profitability, justifying demands for favorable terms.
TENSE TALKS
Randgold, based in Jersey in the English Channel, formed a new lobbying platform with Glencore and others and requested an audience with Kabila.
The president accepted a meeting with top executives from six mining companies, but insisted they come to Kinshasa in person; no stand-ins would be admitted.
After a last-minute postponement by a day, the meeting finally began at around 2:30 p.m. last Wednesday with Kabila presiding.
Randgold CEO Mark Bristow, the miners’ designated spokesperson, started by laying out their main concerns and imploring Kabila to re-open negotiations. The other executives chimed in from time-to-time, according to Kikaya, the Kabila adviser.
“For three hours, they were very confrontational and they were talking in terms of closing down the mines,” Kikaya said. Bristow couldn’t be reached for comment.
Kabila interjected occasionally, Kikaya said, urging the miners not to pursue arbitration.
“The president explained that this would be bad for everyone. He said, ‘Look you are a businessman. If you make a mistake, you lose money. I am a politician’,” Kikaya said.
A breakthrough appeared to come after Kabwelulu, the mines minister, promised the miners that their concerns would be addressed on a case-by-case basis in regulations to be hammered out after the code was signed, according to Kikaya.

Kabila then exited the room, leaving his advisers and the executives to figure out how to break the news.
Additional reporting by Veronica Brown, Zandi Shabalala and Barbara Lewis in London, Melanie Burton in Melbourne, Nicole Mordant in Vancouver and Tom Daly in Hong Kong; Editing by Tim Cocks and Cassell Bryan-Low


https://www.reuters.com/article/us-congo-mining-insight/how-congo-faced-down-some-of-the-worlds-biggest-mining-firms-idUSKCN1GR2HD
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Twister Twister 6 years ago
Interesting new actions set for Congo mining!

Cobalt price increasing by how much???
If only there were some other way...

Also, some interesting Lithium concerns regarding China.

https://www.reuters.com/article/us-chile-lithium-china-explainer/explainer-chile-attempts-to-block-china-from-prize-lithium-asset-idUSKCN1GQ05A
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