Lithium-ion battery cathode material producer Nano One Materials Corp. (NANO-T) has signed a collaboration agreement with Sumitomo Metal Mining Co., Ltd. (SMM) – which comes with a $16.9 million strategic equity investment.

Nano One Materials Corp. believes its patented production process offers “one of the keys to unlocking lithium iron phosphate (LFP) battery production in North America” at a much larger scale. That’s according to Nano CEO Dan Blondal, whose company is