Nano One Completes Sale and Leaseback of Candiac Property

On March 3, 2025, Nano One Materials Corp., based in Vancouver, announced the successful completion of a transaction to sell and lease back its Candiac facility in Quebec. This deal, valued at C$15.7 million, is set to strengthen the company's financial standing while ensuring long-term operational stability.

The transaction, finalized on February 28, 2025, includes a vendor loan of C$2 million with structured deferred payments and interest. Estimated net proceeds stand at C$13.7 million post-closing costs. This move supports Nano One's strategy to expand its LFP cathode production capacity beyond 1000 tonnes per annum at Candiac.

A 15-year lease agreement provides Nano One continuity and an option to purchase if the property is sold. CFO Carlo Valente asserts that these steps enhance financial flexibility, enabling utilization of government funding and alignment with strategic goals.