Green Tech Venture Nano One reports the net wealth north of C $ 25 million – the armchair dealer

Nano One Materials Corp. TSX: Nano, a process for active materials from lithium-ion battery specializing in lithium-ion cathodes, has reported total networks and operating capital of $ 25 million or C $ 24.8 million. Cash and cash equivalents were 27.8 million US dollars.

Nano One is a technology company that changes the way in which the world produces cathodes active materials for lithium-ion batteries. The company's applications include inpatient energy storage systems (ESS), portable electronics and electric vehicles (EVS).

The patented stew process from Nano One reduces the costs, is easier to be permissible, reduces the energy intensity, the environment footprint and the dependence on problematic supply chains.

Strong support for the government program

In the first quarter of 2025, Nano One reported the total proceeds of $ 26.5 million between real estate sales and a leasback transaction (net proceeds of C $ 13.7 million) and awards covered with state programs of C $ 12.8 million. In the next two years of contractual state programs around $ 29 million will remain over the next two years.

Nano One also reported a net result of $ 2.7 million for the first quarter of 2025, which was due to the recognition of certain state grants within other income and profit for sales and lease transaction.

The total assets include the initial recognition of a loan consumption of $ 2.0 million in the first quarter of 2025 in connection with sales and lease transaction. The loan researcher will be repaid in two installments to the company in three and six years from the date of the exhibition.

The overall liabilities include the initial recognition of a tenancy of $ 13.8 million during the first quarter of 2025, which are connected to the sale and tenant of the company's Candiac facility.

In addition, a government loan of $ 2.8 million was recognized, which corresponds to some of the funds received by the government of Québec in the amount of $ 7.5 million via the investigated investment abissions Québec from Québec.

Government scholarship to below the market interest

The rest is recognized in other income as state subsidies that represents the interest advantage of the lower market entrances associated with the loan. The loan is repaid by Nano, less of the IQ, after a first five -year moratorium and then in monthly installments in the next five years.

On February 28, February 28, the transaction closed for sale and leaseback of the building and ends up in Nano One's Candiac Facility for a net billing of approx. 15.7 million C $ (net income and a number of salaries of 2.0 million C $ in the form of a supplier loan).

Nano One helps to advance the energy safety, the resilience of the supply chain, industrial competitiveness and the increased performance through process innovation. The scalability of the technology has been proven and is demonstrated in the pilot production system of Nano One in Québec (lithium-iron-phosphate) pilot production, which means that the only facility and the only expertise of its kind outside of Asia is used.