Nano One Reports Q4 2024 Results and Summary of Activities
Version Française
March 25, 2025
Vancouver, Canada (TSX: NANO) (OTC: NNOMF) (Frankfurt: LBMB)
Q4 2024 Results and Subsequent Events
Total net assets of $21.4 million as at Q4 2024, plus $26.5 million in non-dilutive funding received in Q1 2025 between sale and lease back and government programs
Sale and lease back transaction closes and generates net proceeds of $13.7 million, plus a $2.0 million deferred payment via vendor loan
Government of Québec awards a loan and grant to Nano One
Alliance with Worley Chemetics advances and shows advantages of One-Pot™ Process
Nano One® Materials Corp. ("Nano One" or the "Company"), a process technology company specializing in lithium-ion battery cathode active materials has filed its annual audited consolidated financial statements (the “financial statements”), management’s discussion & analysis (“MD&A”), and annual information form (“AIF”) as at and for the year ended December 31, 2024 (“Q4 2024”) and is pleased to provide a summary and an update on subsequent events.
Q4 2024 – Financial Position and Subsequent Funding
As at December 31, 2024, the Company’s total net assets and working capital were $21.4 million and $5.5 million, respectively.
In Q1 2025, total proceeds of $26.5 million were received between the sale and lease back transaction (net proceeds of $13.7 million), and drawdowns on government programs of $12.8 million.