Nano One Materials ( (TSE:NANO) ) has shared an update.
Nano One Materials Corp. has completed the sale and leaseback of its Candiac building and property, generating estimated net proceeds of C$15.7 million. This transaction strengthens the company’s financial position, ensuring operational continuity and supporting its strategic vision for expansion, including leveraging over C$40 million in government funding to increase its production capacity of LFP cathode materials.
More about Nano One Materials
Nano One Materials Corp. is a process technology company specializing in lithium-ion battery cathode active materials. The company focuses on advancing its technology and expanding its operations to enhance its market positioning in the battery materials industry.
YTD Price Performance: -19.54%
Average Trading Volume: 89,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$77.99M
See more insights into NANO stock on TipRanks’ Stock Analysis page.