Nano One a déposé ses états financiers consolidés intermédiaires condensés (les « états financiers ») et son rapport de gestion pour le semestre clos le 30 juin 2024 (« T2 2024 ») et est heureuse de fournir un résumé et une mise à jour sur des événements à venir.

CEO Allan Evans shares Q2 2024 achievements and provides insight into the Company's strategic expansion

No Expected Material Impact on Revenue, Adjusted EBITDA, or Cash Flows

Expects Q2 2024 Revenue of $17.5 Million, a Sequential 13% Increase

"The Critical Minerals and ZEO Company"

Continued gross margin growth, Revenue of $10.3 million, Adjusted EBITDA¹ of $0.6 million.

Progress in meeting strategic financing objectives including refinancing existing working capital facilities and in negotiations with a US federal agency with regards to financing planned Jamestown, New York lithium-ion battery manufacturing facility

Highlights:

• Next Generation Manufacturing Canada (NGen) awards Nano One and Worley Chemetics C$2.8 million in non-dilutive non-repayable funding through the Electric Vehicle Manufacturing Program (EVMP).

• The award supports the joint development of reactors and kiln components for the One-Pot process, Nano One's patented, scalable, and efficient method for producing lithium-ion batteries.

• The NGen award supports cathode active materials production and fosters equipment manufacturing and technology development capabilities in Canada by Nano One and Worley Chemetics.

Binding Agreement Executed for the Large, Effectively Unexplored Cosmo Newbery Gold Project

• Operating Cash Flow for the Six Months Ended June 30, 2024 Increased 71%;

• Operating Expenses for the Three Months Ended June 30, 2024 Decreased 17%;

• Announced Listing of Non-Core Asset in Chino Valley for $16 Million;

• Announced Share Repurchase Program for up to $1 Million