Nano One Advances Global LFP Cathode Strategy as Demand from Energy Storage, EV and Defence Applications Accelerates

VANCOUVER, British Columbia — Nano One ® Materials Corp. (“Nano One” or the “Company”) (TSX: NANO) (OTCQB: NNOMF) (Frankfurt: LBMB) , a process technology company specializing in cathode active materials (CAM) for lithium-ion batteries, reaffirms its strategy for meeting global demand for lithium iron phosphate (LFP) cathode active material. The Company will seek to license its One-Pot™ process technology into regional markets through localized development companies that will be leveraged to establish regional partnerships. While the Company’s focus remains on its core market segments outlined below, it is also monitoring other emerging technologies, such as sodium-ion chemistries, with a view to potentially leveraging its supply chain experience in feedstock pre-qualification and circularity, including recycling.

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LFP chemistries accounted for approximately 60% of global lithium-ion battery cell demand in 2025—roughly 1.0 TWh—and annual demand outside China is forecast to reach 2.1 TWh by 2035, equivalent to approximately 168 new LFP cathode plants with a capacity of 25,000 tonnes per annum each

. LFP is the dominant chemistry in energy storage applications, accounting for more than 90% of installations

, with North American growth led by grid and AI data-centre storage and European demand led by battery-electric vehicles (BEVs). BEV registrations across 17 European markets grew 33.7% in the first half of 2026

. The addressable LFP market outside China is estimated at approximately $8-10 billion annually in 2026, with the market forecast to grow to approximately $40 billion annually by 2035

Governments are converting some of that demand into localization requirements . In the United States, the National Defense Authorization Act (NDAA) has placed restrictions on batteries from prohibited foreign entities starting in 2028, with the 45X manufacturing credit maintained at US$35/kWh. The European Union and G7 are committed to diversified regional battery supply chains, while the IEA has warned that Chinese export controls announced in October 2025 put downstream cell production capacity outside China at risk. Nano One’s One-Pot process is designed for this environment—it makes cathode materials directly from non-sulfate metals or oxides feedstock, bypassing the need to rely on China-dominated precursor cathode active materials. The technology also alleviates the need to manage certain byproduct waste streams that can prove difficult in some regions, creating an easier pathway to permitting.

For each target market, Nano One plans to establish or participate in development company vehicles (“DevCos”)—joint-venture-style entities created to advance development, finance, build and potentially operate LFP cathode plants. These DevCos will allow Nano One to pair its technology with regional partners, customers and capital.