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NANO One Materials 2022

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  1. forum rang 9 nine_inch_nerd 25 mei 2022 09:16
    Vind ik wel verrassend, dit....

    Nano One to Acquire Johnson Matthey Battery Materials Canada

    May 25, 2022

    Vancouver, Canada (TSX: NANO) (OTC: NNOMF) (Frankfurt: LBMB)
    Definitive agreement to acquire 100% of the shares of Johnson Matthey Battery Materials Ltd. a Canadian entity located in Candiac, Québec
    Acquisition to include the team, facilities, equipment, land and other assets
    Team has more than 360 years of scale-up and commercial production know-how
    Team and facilities proven in supplying tier 1 cell manufacturers for automotive
    LFP facility and land strategically located near Montréal and operational since 2012
    Facility and equipment can serve Nano One’s process needs with room to expand
    Expedites Nano One business strategy for LFP and other battery materials
    Nano One® Materials Corp. (“Nano One” or the “Company”) a clean technology innovator in battery materials, today announces that it has entered into a binding agreement to acquire all of the outstanding shares of Johnson Matthey (JM) Battery Materials Ltd. (“JMBM Canada”) for approximately C$10.25 million. The acquisition is fully funded and is on a cash-free, debt-free basis, subject to certain working capital adjustments.

    JMBM Canada includes a team with over 360 years of collective experience, including R&D, pilot to commercial scale cathode production and product qualification and quality assurance systems expertise for tier 1 automotive lithium-ion cell manufacturers.

    JMBM Canada also includes a 2,400 tonne per annum capacity LFP production facility located in Candiac, Québec occupying approximately one tenth of the 400,000 square foot property.

    The transaction is expected to complete by the end of 2022, subject to JMBM Canada fulfilling contractual commitments and certain other customary closing conditions.

    Nano One CEO Mr. Dan Blondal said, “The rapidly expanding need for responsibly produced cathode materials in North America presents an opportunity for Nano One to deploy its technology and become a leader. We are excited to announce our agreement to acquire JMBM Canada. Experienced employees are at the core of this deal and will help fast-track Nano One’s learning curve. The facility is in Greater Montreal and strategically located in proximity to employees and their families, international airports, major port facilities and is a critical link in the mines-to-mobility initiative. This complements Nano One’s technology innovation center and team in Burnaby, British Columbia, and is a perfect base for the advancement, expansion and acceleration of our commercialization strategy. We now look forward to working with our colleagues at JMBM Canada for a smooth business transition later this year and sharing our vision and plans with all stakeholders in the coming weeks and months.”

    Liam Condon, Chief Executive of Johnson Matthey, says: “We have worked with Nano One on a number of projects over the last year and having seen their innovations, we believe they have the potential to develop the Candiac site in the best way possible. We remain at the Candiac site until the end of the year and are fully committed to serving the needs of our customers.”

    The Candiac production facility was acquired by Johnson Matthey in 2015 and has been in operation since 2012. It is a supplier of lithium iron phosphate (LFP) cathode material to the lithium-ion battery sector for both automotive and non-automotive applications for a select group of customers. Strategically located in Candiac, Québec, it has the benefit of access to a North American ecosystem which will serve the broader global community with cost-effective, resilient, and environmentally sustainable cathode materials.

    About Johnson Matthey

    Johnson Matthey is a global leader in sustainable technologies that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers’ products. Our science has a global impact in areas such as low emission transport, chemical processing and making the most efficient use of the planet’s natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us. For more information, visit www.matthey.com

    Inspiring science, enhancing life

    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
  2. Musiclover 25 mei 2022 10:42
    Ja, zeer verrassend. Op de achtergrond moet er sprake zijn van een deal met Tesla, GM, VW, Ford of een combinatie. Zo’n deal sluit je niet zonder bepaalde zekerheden. Ook verstandig omdat je dan veel expertise in huis hebt zonder dat je allemaal medewerkers moet zoeken. Kijken wat er verder gebeurt. Ik heb mijn positie wat uitgebreid.
  3. forum rang 6 4finance 25 mei 2022 18:09
    quote:

    nine_inch_nerd schreef op 25 mei 2022 17:59:

    Maar effe genieten met +40% momenteel. Afwachten hoe het vervolg is. Dip zal er ook wel weer komen (winstnemingen tzt).
    Als de fabriek tot ontwikkeling komt en er gaan OEM's aansluiten zoals een Ford of VW dat is de huidige koers een koopje.
    Die fabriek is niet zo maar aangekocht. Daar zit een echt plan achter.
  4. forum rang 6 4finance 26 mei 2022 08:41
    quote:

    4finance schreef op 10 mei 2022 19:31:

    @RW, ik ben aan het bijkopen. Ik vertrouw er op dat het goed komt met deze toko. Ik sta hier fors in de min maar verdubbel mijn positie in deze flinke daling. Nog niet zo lang geleden heb ik iemand van dit bedrijf gesproken in Amsterdam. Uiteindelijk is het ook hier afwachten of het echt goed gaat komen. De Canadese overheid support deze hut .Het bedrijf zit volop in de opbouw en ontwikkeling.
    @RW1963, dit heb je op 10 mei jl geantwoord op jouw vraag of ik nog vertrouwen in NANO had. Gelukkig heb ik op €1,12 mijn positie in deze toko meer dan verdubbeld. De melding van de fabriek is stap 1, De volgende stap zullen o.a wat bekende automerken zijn die deals gaan sluiten.
    Dit gaat snel verder in koers omhoog. Ook nu weer wat geduld hebben. Overigens ook vandaag nog ZEER koopwaardig.
  5. forum rang 6 4finance 26 mei 2022 14:41
    quote:

    yulina schreef op 26 mei 2022 12:00:

    Mooi nieuws, maar onder de huidige omstandigheden (rente, inflatie) toch huiverig in te stappen in een bedrijf zonder winst en dat het allemaal nog maar moet waarmaken. Toch een kleine positie genomen.

    @4finance - wat voor koersdoel heb je in gedachten (termijn van 2 jaar)?
    Als hier auto toko's aan gaan hangen, en dat gaan ze! ,dan is de fantasie enorm. Gewoon nu flink instappen.
    Na de fabriek aankoop zal er spoedig commercieel nieuws komen. Ik heb daar geen enkele twijfel over.
    Van Ford en VW is al langer bekend dat ze tegen NANO aanhangen.
  6. forum rang 9 nine_inch_nerd 27 mei 2022 12:00
    Toevoeging en details via Rho Motion. Promising!

    rhomotion.com/johnson-matthey-sells-i...

    Johnson Matthey sells its battery material assets in Canada and Europe
    May 2022
    Battery technology developer Nano One, has agreed a deal to acquire 100% of Johnson Matthey Battery Materials (JMBM) Canadian entity based in Candiac, Quebec for approximately USD8 million. JMBM Canada includes a 2,400 tonne per annum capacity LFP production facility occupying approximately one tenth of the 400,000 square foot property. The transaction is expected to complete by the end of 2022.
    Meanwhile JMBM also announced the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business, for approximately USD63 million. Johnson Matthey will also receive a minority equity stake in EV Metals Group, with the deal expected to be complete in summer 2022.
  7. forum rang 9 nine_inch_nerd 27 mei 2022 21:10
    Interessant breed gezien, artikel!

    “Canada [has] tremendous opportunity here . . . Strategically the government is doing a good job by bringing in anchor investors that will drive further investment” NANO ONE CEO, Dan Blondal.

    ottawacitizen.com/the-logic/heres-how...
  8. forum rang 9 nine_inch_nerd 27 mei 2022 21:12
    Interessant artikel! Diversen komen langs.

    “Canada [has] tremendous opportunity here . . . Strategically the government is doing a good job by bringing in anchor investors that will drive further investment” NANO ONE CEO, Dan Blondal.

    ottawacitizen.com/the-logic/heres-how...
  9. forum rang 6 4finance 27 mei 2022 22:23
    quote:

    nine_inch_nerd schreef op 27 mei 2022 21:12:

    Interessant artikel! Diversen komen langs.

    “Canada [has] tremendous opportunity here . . . Strategically the government is doing a good job by bringing in anchor investors that will drive further investment” NANO ONE CEO, Dan Blondal.

    ottawacitizen.com/the-logic/heres-how...
    Mooi stuk! Bedankt voor het plaatsen.
    Ik zit tot over mijn oren in NANO ;-)
  10. forum rang 9 nine_inch_nerd 28 mei 2022 22:03
    Nano One Buys Cathode Plant
    May 27, 2022 2:26 PM ETNano One Materials Corp. (NNOMF)

    seekingalpha.com/article/4515019-nano...

    Nano One has agreed to purchase an up and running, 2,400 TPY capacity LFP cathode plant from Johnson Matthey. Acquisition includes staff, equipment, buildings and land.
    Plant supplies LFP to auto industry tier 1 battery manufacturers.
    Nano One will convert the plant to M2CAM process using almost entirely existing plant equipment with expected increase in nameplate capacity.
    Nano One and Johnson Matthey have been working collaboratively for months and transition team is in place including former plant executives now on staff at Nano One.
    LFP cost from plant when running M2CAM expected to be less than current Asian LFP pricing.
    E-mobility, Electric vehicle with battery
    Thomas-Soellner/iStock via Getty Images

    Nano One (OTCPK:NNOMF) has entered into an agreement to acquire 100% of the shares of JMBM (Johnson Matthey Battery Materials Ltd.) a Canadian entity located in Candiac, Québec for C$10.25 million cash. JMBM is the Canadian battery cathode operations of Johnson Matthey (OTCPK:JMPLF) which has decided to exit the battery cathode business. Johnson Matthey's European cathode assets are being acquired by EV Metals Group, PLC which is closely held.

    This is a huge step that will turn the Nano One into a commercial scale cathode supplier. I queried company CEO, Dan Blondal for some clarification and "color" regarding the deal and he was good enough to respond late in his busy day. Here is a condensation of what I learned together with what I believe to be important implications for the company and shareholders.

    What Is Being Acquired?

    Asked about the structure of the deal, Dan said,

    There is no lease, we are buying the land, title, building, equipment, spare parts, systems, and other assets, zeroed out with no obligations other than a few minor facilities contracts and a modest amount of working capital to cover first payroll.

    Nano One is getting Johnson Matthey's Canadiac, Québec LFP cathode plant which is rated to produce 2,400 TPY of cathode material. Here is what it looks like on Google Earth.

    Johnson Matthey will operate the plant until later this year in order to fulfill existing contracts at which point Nano One will take over the plant and take on the existing staff of roughly forty people. Three senior managers from the operation are already employed by Nano One. A transition team, headed by the plant's current GM is already in place. Nano One and Johnson Matthey have been working on this transition for months.

    Plan Going Forward

    Nano One plans to convert the current process line to its M2CAM "One Pot Process" for LFP. Dan explained that the existing plant converts to M2CAM with minor modifications, with some of the current equipment becoming redundant. The plant can convert to M2CAM for LFP, high nickel or high manganese – LNMO. Initially Nano One will produce LFP in Canadiac.

    Plant Capacity

    Plant currently has a single cathode line taking up 10% or so of the available space. Dan pointed out that the M2CAM process operates with much higher concentrations of reactants and requires dramatically less firing time. This should see the capacity of the single existing line increase substantially from the current 2,400 TPY.

    While there is room at the Canadiac plant for several more M2CAM process lines, a larger facility will be needed to achieve full automotive scale (hundreds of thousands of tonnes per year).

    Product Cost

    Nano One sees the Canadiac plant producing LFP at competitive cost and providing the company with first commercial revenues. In my opinion, this is huge. We might see Nano One bringing in commercial revenue by year end or early 2023. Here is what Dan had to say,

    LFP made by way of Nano One’s One-Pot process will have a significant cost advantage even compared to Asian pricing. The existing plant has all the equipment we need (actually we only a fraction of it) and will be a great platform for large scale trials and first commercial revenues.

    Summary

    Nano One is going into the cathode material business at commercial scale. With the acquisition of Johnson Matthey's Canadian LFP plant the company will start playing at a whole new level. This deal is a great one for Nano One as they will be getting an up and running LFP plant, the experienced team running it (who have been collaborating with Nano One for a long time and have bought into M2CAM). The plant will easily convert to M2CAM process for LFP with minimal additional equipment required and with the prospect of significant capacity increase.

    With takeover of the Canadiac plant Nano One could be seeing commercial LFP cathode revenues by year end or early 2023. This is a huge, positive step for the company and I expect it will be a catalyst accelerating the share price going forward.
203 Posts
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