Nano One Strengthens Financial Position Through Strategic Property Deal

Nano One Materials Corp. has entered into definitive agreements to sell and lease back its Candiac building and property for net proceeds estimated at C$15.7 million. This deal enhances the company's cash reserves while securing long-term operational stability in Québec via a 15-year lease with renewal options up to an additional 15 years.

The transaction also supports Nano One's capacity expansion for LFP cathode production at its Candiac facility. CFO Carlo Valente highlighted that the move reinforces their balance sheet and leverages over C$40 million in government funding, accelerating commercialization and capacity growth.

The agreements are set to close by February 28, 2025, including a C$2 million vendor loan. Nano One will remain at the site under a lease agreement, maintaining operational continuity and holding a purchasing opportunity if the property is sold.