Nano One Materials Corp (CVE:NNO) (OTCPINK:NNOMF) announced Tuesday it has engaged Jett Capital Advisors LLC as a strategic and financial advisor to evaluate a range of opportunities for the valuation and commercialization of the company’s technology.
Vancouver-based Nano One is developing patented technology for the low-cost production of high-performance lithium-ion battery cathode materials for electric vehicles, energy storage and consumer electronics.
Jett Capital is a leading, independent boutique investment bank, servicing public and private companies and specializes in the lithium-ion battery supply chain.
READ: Nano One Materials releases engineering report outlining enhancements to its LFP battery cathode technology
"We have engaged Jett Capital as an advisor to augment our corporate development efforts and broaden our pipeline of strategic and financial opportunities,” Nano One CEO Dan Blondal said in a statement.
“The engagement adds an extensive network of battery and energy-related relationships developed by Jett and will leverage the technology advances, partnerships and collaborations already underway at Nano One," he added.
Nano One noted that with Environmental Social and Governance (ESG) investing increasing and with recent shifts in global supply chains, strategic opportunities are emerging in Europe, North America and Asia to jointly develop and commercialize Nano One's technologies for the production of a new generation of lithium-ion battery cathode materials.
Jett Capital is well-positioned to advise Nano One on those strategic alternatives, the company said.
Canadian government support
In other news, Nano One also said it has been awarded up to $243,936 through the Government of Canada Innovation Assistance Program.
Contributions will be made by National Research Council Canada - Industrial Research Assistance Program to provide coronavirus (COVID-19) payroll subsidy and assistance for innovative, early-stage small and medium-sized enterprises.
All told, the company said it has been awarded $8.52 million in non-dilutive and non-repayable government support and raised $11 million through a recent non-brokered private placement, putting Nano One in a strong financial position to execute on its business plans.
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