Nano One Ends the Third Quarter With 14.1 Million Canadian Dollars in Cash: Net Assets of 15.4 Million Canadian Dollars, More Than 75.3 Million Canadian Dollars in Non-Dilutive Capital Since 2024, and Candiac Expansion Construction Under Way
Nano One Materials Corp., a process technology company for lithium-ion battery cathode active materials, provided on November 13, 2026, in a BusinessWire release from Vancouver, British Columbia, a summary of its third quarter ended September 30, 2026, and an update on subsequent events. As at September 30, 2026, the company reported total net assets of 15.4 million Canadian dollars and working capital of 12.4 million Canadian dollars, with cash of 14.1 million Canadian dollars.
Cumulatively since the beginning of 2024, Nano One has secured over 75.3 million Canadian dollars in non-dilutive capital across government grants and loans, sale-leaseback proceeds and land sale proceeds. Government funding of 16.0 million Canadian dollars received in the first nine months of 2026 limited the net use of cash for the nine-month period to 9.5 million Canadian dollars, and as at November 2026 the company had approximately 16.0 million Canadian dollars in undrawn government funding available for use in pre-commercial activities under existing grant agreements and programs.
On capacity, detailed engineering for the Candiac Facility expansion project was completed at the end of September 2026, and construction is now underway and expected to be completed in the first quarter of 2027, with commissioning targeted for the second quarter of 2027. Automation improvements to the Demonstration Line will increase production capacity to approximately 800 tonnes per year of LFP cathode material. The company said the expansion supports sales, licensing and joint venture opportunities under its Design One Build Many strategy. This item reports only the published results and statements and is not investment advice.
Source: Nano One Materials
Published by GSM · USA (original Chinese edition)
Photo: 图：电动车锂离子电池包（Nano One相关资料图）。RudolfSimon，CC BY-SA 3.0，Wikimedia Commons。 / Photo: A lithium-ion battery pack for an electric vehicle. RudolfSimon, CC BY-SA 3.0, via Wikimedia Commons.
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