Nano One adds industrial scale engineering study led by Hatch to novel lithium-ion battery chemical manufacturing program

Vancouver, Canada—Nano One Materials Corp. (Nano One) has reported that progress on their cathode material evaluation program with a multinational automotive company, announced last year, has led to an expansion of the project. The expanded collaboration will evaluate economic and environmental advantages of Nano One’s process technologies to produce nickel-rich cathode materials to supply a full-scale automotive battery cell assembly plant. Nano One has engaged Hatch to lead an engineering study and provide a report to the automotive company.

“We are pleased to be advancing the relationship with our OEM collaborator,” stated Mr. Dan Blondal, CEO, Nano One, “and evaluating the economics and environmental advantages of Nano One’s process technology at automotive scales. It is clear from developments over the past year that the pace of change is accelerating, and the target manufacturing scale is many times what it was only a couple of years ago.”

Hatch will lead a process comparison, optimization, and scale-up study. This study will form the basis of an engineering cost model report and will include a Front-End Loading level 1 (FEL1) analysis on capital costs, operating costs, and a cost comparison of the Nano One process versus the conventional cathode material manufacturing process.

The report will enable the companies to evaluate both the economic and environmental advantages of Nano One’s patented One-Pot, Metal to Cathode Active Material (M2CAM), and coated nanocrystal process technologies at large industrial scale. This work runs in parallel to the ongoing performance testing and validation work on Nano One’s nickel-rich and manganese-rich cobalt-free cathode materials.

“We are very excited to embark on this engagement with Nano One and expand our services in the battery market, particularly where companies are challenging the status quo to reduce costs and improve on ESG performance” said Mark Bellino, Hatch’s lead, Battery Market Solutions. “Nano One’s vision to change how the world makes battery materials aligns directly with our own commitment to developing a better future, shaped by a sustainable global society.”

“We selected Hatch for this project based on their experience in engineering, scale up, piloting, and commercialization of process technologies,” continued Mr. Blondal, “They also have experience in the design of relevant plants from precursor cathode active materials (PCAM) to cathode active materials (CAM) focusing on production optimization, equipment selection, and the production of battery grade feedstock materials.”

The name of the automotive OEM and details of the project remain confidential in accordance with the terms of the agreement.

Nano One is a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries. Read the press release from Nano One.

- 30 -

For more information, please contact:

Lindsay Janca
Global Director, Public Relations
Tel: +1 905 403 4199
Email: media@hatch.com

About Hatch

Whatever our clients envision, our engineers can design and build. With over six decades of business and technical experience in the mining, energy, and infrastructure sectors, we know your business and understand that your challenges are changing rapidly. We respond quickly with solutions that are smarter, more efficient, and innovative. We draw upon our 9,000 staff with experience in over 150 countries to challenge the status quo and create positive change for our clients, our employees, and the communities we serve.

For the latest news, follow us on Twitter and LinkedIn, or subscribe to our newsletter!

Find out more on www.hatch.com.