Nano One and Rio Tinto Agree to Form Strategic Partnership for Battery Materials

Nano One Materials Corp of Burnaby, BC and Rio Tinto plc of England have agreed to enter into a strategic partnership providing iron and lithium products, collaboration and a US$10 million investment in Nano One.

Don Blondal, Nano One’s CEO, said, “The global transition to a low-carbon electrified economy will require millions of tonnes of battery materials, so it is critically important to produce these materials efficiently and with the lowest environmental footprint. Rio Tinto’s partnership and support complement our recent announcement to acquire Johnson Matthey’s LFP (lithium iron phosphate) business in the nearby community of Candiac, QC and amplifies the Government of Canada’s Mines-to-Mobility initiative, which aims to encourage a localized battery ecosystem to serve the broader North American market.”

Nano One’s patented One Pot process and metal to cathode active material technologies form a unique manufacturing platform that enables nickel-rich, iron-rich, and manganese-rich lithium-ion cathode active materials to be made sulfate-free from a range of battery metal sources.

Nano One and Rio Tinto will enter into a strategic collaboration agreement that includes a study of Rio Tinto’s battery metal products, including iron powders from the Rio Tinto Fer et Titane facility in Sorel-Tracy, QC, as feedstock for the production of Nano One’s cathode materials.

Volume 36, Issue 11

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