Core Insights - The company has successfully installed a proprietary agitator in its One-Pot™ reactor at the Candiac facility, increasing throughput capacity by approximately 50%, which leads to reduced operating expenses [1] - A Front-End Engineering & Design (FEED) study has been completed as part of a capacity expansion plan aiming for at least 800 metric tons per year at the Candiac operation [1] - The company has made a financial investment decision to proceed with detailed engineering and initial procurement activities for the capacity expansion [1] Strategic Updates - Sumitomo Metal Mining has confirmed Nano One as a key technology partner, advancing collaboration towards the commercialization of lithium iron phosphate (LFP) [1] - Nano One has pre-qualified multiple sources of lithium carbonate from Rio Tinto for future production of LFP cathode materials [1] - The company has expanded its patent portfolio with five new patents related to LFP, nickel manganese cobalt (NMC), and lithium nickel manganese oxide (LNMO) cathodes [1] Financial Position and Results - As of September 30, 2025, the company reported total net assets of $16.5 million and working capital of $16.6 million, with cash and cash equivalents amounting to $17.8 million [1] - An at-the-market (ATM) equity offering launched in September 2025 raised net proceeds of $0.2 million through September 30, 2025, with an additional $2.4 million raised by October 31, 2025 [1] - The company announced a government funding award of $5.0 million from NRCan to support the Candiac capacity expansion and advance commercialization, aligning with G7 priorities for battery supply chain diversification and regionalization [1]