Nano One Materials Corp. has secured $3 million in funding from Natural Resources Canada, supporting the continued development and scale‑up of its lithium iron phosphate (LFP) cathode materials.
The investment runs through to March 2028 and strengthens work on the company’s patented One‑Pot™ process, which is designed to deliver more efficient, cost‑competitive and regionally diversified LFP production.
The funding will advance several priorities, including process optimisation, improved commercial readiness and diversification of iron feedstock sources. Development will draw on Nano One’s R&D base in Burnaby, British Columbia, and its pilot and demonstration facilities in Candiac, Québec. Strategic shareholder Sumitomo Metal Mining will partner on technical development, testing and external validation.
CEO Dan Blondal said, “We are very grateful to NRCan and the Government of Canada for their continued support. These funds support us as we bring cost competitive and scalable LFP processing technology alternatives to markets, strategic partners and customers around the world, and they help us enhance our commercial offerings and supply chain solutions.”
LFP plays a central role in lithium‑ion battery systems used across defence, electric vehicles, data centres and grid decarbonisation. With the International Energy Agency noting that 98% of global LFP cathode materials currently come from China, broadening access to iron feedstock is increasingly important for supply chain resilience.
Nano One’s One‑Pot process enables the use of alternative iron sources from multiple regions, removing reliance on traditional iron phosphate precursors and supporting more diverse, secure supply chains. The technology is being refined for three key markets: Defence and National Security, Energy Storage Systems and Electric Vehicles.
The Honourable Tim Hodgson, Minister of Energy and Natural Resources, stated, “We’re building a stronger, more productive, and increasingly prosperous Canada by supporting companies like Nano One that innovate here at home…”
Image: Preliminary design and layout of the modular One-Pot-enabled LFP cathode production line. Credit: Nano One.
