Nano One Advances Candiac LFP Capacity Expansion With Engineering 85% Complete

Image: Nano One's Candiac Facility--Demonstration Line expansion 85% engineering complete as of mid-July 2026. Business Wire

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Highlights

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VANCOUVER, British Columbia — Nano One® Materials Corp. (“Nano One” or the “Company”) (TSX: NANO) (OTCQB: NNOMF) (Frankfurt: LBMB), a process technology company specializing in lithium-ion battery cathode active materials (CAM), is pleased to provide a further progress update on its lithium iron phosphate (LFP) production capacity expansion project at its Candiac Facility, which will increase total production capacity to approximately 800 tonnes per annum (tpa).

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Expansion Project Update

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Further to its

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, the Company is pleased to report that detailed engineering is now 85% complete as of mid-July 2026 and that the expansion project remains on schedule.

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Major equipment purchase orders were completed in March 2026; some equipment has been shipped, with initial deliveries already received at the Candiac Facility. Vendors for the balance of smaller equipment have been selected, with final purchase orders expected to be completed by the end of August 2026. Approximately 95% of the project’s equipment, measured by procurement cost—and 100% of IP-sensitive equipment—is being sourced from Canada, the US and the EU. The project remains on track with commissioning of the newly expanded production capacity targeted for the first half of 2027.

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“Having now attained 85% completion as of mid-July, we expect to complete the project on time and on budget,”

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states Denis Geoffroy, Chief Operating Officer of Nano One.

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“Our currently contracted funding programs, for which we have approximately $24 million left undrawn*, together with our working capital, fund this capital project to completion.”

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Existing Production and Scale-Up at Candiac

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The Candiac Facility demonstrates the One-Pot™ process in full-scale, production-intent equipment, de-risking adoption and enabling Nano One’s Design One Build Many licensing and joint-venture model. The expansion integrates and automates an existing full-scale 20m³ reactor whose design can be replicated in modular fashion. Alongside this, the lines generate commercial sales and support customer sample qualification, product and process improvement and raw material validation.

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The Candiac Facility includes multiple front-end One-Pot production lines feeding shared downstream processing equipment, each designed for a distinct role, with total facility capacity of approximately 800 tpa once the expansion is commissioned:

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A product C-sample is required to demonstrate production readiness and generally consists of several 1-tonne batches. The objective is to provide comfort to end customers that the material can be produced repeatably at or near production scale, off production-intent equipment and processes, with the quality control and assurance systems in place.

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Design One Build Many—Licensing and Partnerships

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Nano One’s Design One Build Many model lowers the barrier to technology adoption. A cathode producer can adopt One-Pot technology without the inherent lead times and upfront capital required to build its own Demonstration Line, and the cell manufacturers it supplies keep working with existing supply chain partners. The licensing model is flexible: customers with a preferred engineering vendor can license the One-Pot technology directly from Nano One and engineer the production line through to a final investment decision, while those seeking a more complete solution can procure the integrated

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The CAM Package provides a feasibility-level One-Pot production line with pre-qualified equipment vendors and raw material feedstocks, and Worley’s technology solutions team supports project execution and deployment, helping customers de-risk their investment. Both paths are backed by the Candiac Facility, where customers can run sample validation cycles to secure large-volume offtakes before building a plant of their own, supported by operator training built on Nano One’s LFP manufacturing know-how—reducing start-up cost and risk.

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* As of the Company’s most recent Q1 2026 Public Filings

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About Nano One®

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Nano One® Materials Corp. (Nano One) is a process technology company changing how cathode active materials (CAMs) are produced for lithium-ion batteries. Nano One’s platform is built on a portfolio of patented processes, decades of manufacturing know-how and modular plant designs that enable scalable, cost-competitive and easier-to-permit CAM production with resilient supply chains. The technology eliminates wastewater and byproducts while enabling regionally sourced raw materials and reducing exposure to foreign supply chain volatility. Modular plants are designed with fewer steps to reduce capex, energy and environmental intensity and to accelerate deployment, manufacturing and licensing. Product development and process optimization are based at Nano One’s Innovation Centre in Burnaby, British Columbia while piloting, demonstration and commercial production are based in Candiac, Québec, supported by a team with more than 15 years of commercial cathode manufacturing experience supplying global cell manufacturers. Strategic collaborations with global partners including Sumitomo Metal Mining, Rio Tinto and Worley support Nano One’s Design-One-Build-Many growth strategy. Nano One has received funding support from the Governments of Canada, the United States, Québec and British Columbia.