cathode materials ecosystem

17
Nano One Materials Corp. | TSX-V: NNO | FF: LBMB | OTC: NNOMF | June 2018 Cathode Materials Ecosystem Changing How the World Makes Battery Materials

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Page 1: Cathode Materials Ecosystem

w w w . n a n o o n e . c aNano One Materials Corp. | TSX-V: NNO | FF: LBMB | OTC: NNOMF | June 2018

Cathode Materials Ecosystem

Changing How the World Makes Battery Materials

Page 2: Cathode Materials Ecosystem

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Battery 101

Nano One Materials Corp. TSX-V: NNO2

Li+

Graphite

Electrolyte

nanoOne

$10B in Cathodes Advanced manufacturing is needed

LithiumNickelCobaltIron …

Cathode (+)

Anode (–)

Page 3: Cathode Materials Ecosystem

w w w . n a n o o n e . c a3 Nano One Materials Corp. TSX-V: NNO

Lower Cost Higher Performance

Raw Materials

Processing

Scale

Technology

Formulation

CrystalStructure

Page 4: Cathode Materials Ecosystem

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LFPLMONCANMCLCO

Worldwide Cathodes Sales2000-25 (kTons) Avicenne 2017

10

00

s o

f to

ns

Market Opportunity

4 Nano One Materials Corp. TSX-V: NNO

Flexible and “Future Proof”Adds value through longevity, stability and cost

License strategy appeals to lithium, chemical and automotive suppliers

Worldwide LiB Sales2000-25 (GWh) Avicenne 2017

50

100

150

200

300

250

350

GW

h

2000 20252020201520102005

Others (16% CAGR)Industrial ESS (22%)Auto, Ebus China (22%) Auto, Ebus non China (17%)Electronics (6%)

$10B Market

NNO’s flexible process makes

all cathodes

Page 5: Cathode Materials Ecosystem

w w w . n a n o o n e . c a5 Nano One Materials Corp. TSX-V: NNO

water based mild temp

atm. pressure

supply constraints

flexible platform

enhance performance

low cost

fires in hours vs

days

standard & next-gen LiB

LiB

solidstate LiB

all apps

makes all cathodes

LFPs, NMCs, LMNOs …

Changing How the World Makes Battery Materials

2025: $10B MarketLicensing Strategy

Co

Furnace Cathode

Mn

NiLi

PFe

Reactor

Page 6: Cathode Materials Ecosystem

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Co

1 µm

Nano One Technology

6 Nano One Materials Corp. TSX-V: NNO

Fired Cathode Powder

Nanostructures form with lithium in place

Nano One Patented Process

1 µm

Furnace

Reduces furnace time from days to hours

Lithiu

m N

ickel Man

ganese

Co

balt O

xide (N

MC

)

Mn

NiLi

Aqueous Process – Mild TempAtmospheric Pressure

PFe

700-900oC

Reactor

Page 7: Cathode Materials Ecosystem

w w w . n a n o o n e . c aNano One Materials Corp. TSX-V: NNO7

0

100

200

300

400

500

600

700

800

900

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Organics

Other inorganics/metal

Hydroxide - battery

Hydroxide - base

Carbonate - battery

Carbonate - base

Supply

Lithium Supply and Demand 2016 - 2025K/MT

Sou

rce

: G

lob

al L

ith

ium

LLC

© 2

01

8

• Battery related demand grows from 44% of the market in 2016 to 81% in 2025

• Hydroxide is the fastest growing product during the time period• The “Big 4”: SQM, Albemarle, Ganfeng and Tianqi maintain > 60% share• Supply remains balanced between brine and hard rock

LiOH

Li2CO3

Enables Lithium Hydroxide or Carbonate as Inputs

Nano One

Traditional

Reactor

Crush’n’Grind

For High Performance

EV Batteries

Page 8: Cathode Materials Ecosystem

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Demo Pilot Plant Complete and Engineering Plans in Place

8

NMC 111 & 622 Piloted

~$8M & financed thru 2019

Preliminary Engineering Plans in Place

Simulates and derisks production

10-1000 kg for third party tests

9 Patents & 30+ pending 811, NCA, HVS & LFP next

Operating since June 2017

3300 ton/yr Cathode LineUses 1400 ton/yr Li2CO3

Makes 24,000 60kWh LiBs

$4.6M in gov’t grants

scale up partner

Page 9: Cathode Materials Ecosystem

w w w . n a n o o n e . c aConfidential - Nano One Materials Corp. TSX-V: NNO

Nano One’s Process adds value to all cathodes

1 µm 2 µm

Li2CO3 or LiOH feedstockUnique Coatings Stabilize

High volume capabilityCoated and Stabilized for 55oC, SOLID STATE and liquid LiB

160 mAh/g – 10% boost to LFPEliminates hi pH/Temp/Press No waste, No milling, No post carbon coating, low capex

1 µm

LNMC – Energy DensityLMNO – High Voltage

Fast ChargeLFP – Low cost

Safe – Long lasting

layered spinel olivine

Page 10: Cathode Materials Ecosystem

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Durability is Essential

Nano One Materials Corp. TSX-V: NNO10

10

100

1,000

10,000

100,000

5 25 125 625

# o

f Li

feti

me

Ch

arge

Cyc

les

(20

0,0

00

km

)

Driving Range (km)

EV40 kg$$$

HEV2 kg

PHEV20 kg

$$

long range EV

140 kg $$$$

$

EV 10’s kg

$$

Page 11: Cathode Materials Ecosystem

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Nickel Rich NMC

11 Confidential - Nano One Materials Corp. TSX-V: NNO

Nic

kel &

Cap

acit

y

Ni Co Mn85% 7.5% 7.5%80% 10% 10%70% 15% 15%60% 20% 20%50% 25% 25%33% 33% 33%

Co

balt &

Du

rability

NMC 111

Nano One’s Lithium Nickel Cobalt Manganese Oxide 622

Nickel Rich NMC needs coatings and reduced voltage to stabilizeNano One – unique coatings – LiOH or Li2CO3 as feedstock

Page 12: Cathode Materials Ecosystem

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Liq

uid

ele

ctro

lyte

+

The Future of Lithium Ion is Solid State

12 Nano One Materials Corp. TSX-V: NNO

solid

Separator

graphite anode

Solid state lithium ion battery

Conventional lithium ion battery

SaferThinnerEnergy DenseFaster ChargingLower Cost

CathodeLCO LFP 111,622, 811, NCA

ultra thin lithium anode

622, 811 or

Cobalt free HVS

Nano One is working with tier 1 automotive suppliers Cobalt free (HVS) and Nickel Rich Cathodes for Solid State Batteries

Page 13: Cathode Materials Ecosystem

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Cobalt Free High Voltage Spinelideal for solid state batteries

Confidential - Nano One Materials Corp. TSX-V: NNO

High Voltage – High Power – Long Lasting – and Cobalt Free

2 µm

Lith

ium

Man

gan

ese

Nic

kel O

xid

e(H

VS

/ LM

NO

)

Page 14: Cathode Materials Ecosystem

w w w . n a n o o n e . c a0

100

200

300

400

500

600

0 10 20 30 40 50 60S

pe

cifi

c E

ne

rgy

(W

h·k

g-1)

Cycle Number

Stabilized HV Spinel @ 55 °CCoated HV Spinel @ 55 °CUnstabalized/Uncoated HV Spinel @ 55 °C

Coated HV Spinel @ 55oCStabilized HV Spinel @ 55oCHV Spinel @ 55oChigh voltage spinel (LMNO) vs Li @ 1C, 3.5 – 4.9 V

14 Nano One Materials Corp. TSX-V: NNO

Making materials more durable

Example of Coating on HV Spinel ↑ Durability↑ Stability at 55oC↑ Compatibility with liquid & solid electrolytes

Page 15: Cathode Materials Ecosystem

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Cobalt Free High Voltage SpinelFast Charging & High Energy Density

Confidential - Nano One Materials Corp. TSX-V: NNO

High Rate Capability – Fast Charging with little compromise

Lith

ium

Man

gan

ese

Nic

kel O

xid

e(H

VS

/ LM

NO

) O

Mn

Ni

Li Li

3D structure enables fast Li charging

Page 16: Cathode Materials Ecosystem

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TSXV: NNO | FF: LBMB | OTC: NNOMF

16

Shares Outstanding: 65MFully Diluted: 71M~$8M runway thru 2019

Dr Stephen Campbell Principal Scientist25+ yrs as Principal Scientist at Ballard & AFCC

Paul MatysekChairman $2B in corporate enterprise growth LithiumX, Lithium1, GoldRock, Energy Metals, Potash One

Dan Blondal CEO26 yrs in high tech at Kodak, Creo, General Fusion

Nano One Materials Corp. TSX-V: NNO

Joe LowryStrategic Advisor20 yrs global lithium expert

Page 17: Cathode Materials Ecosystem

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Forward Looking Statements: Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking informationincludes, but is not limited to, statements with respect to: the Proposed Private Placement and the commercialization of Nano One Material Corp. (Nano One) technology andpatents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or variations of such words andphrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the datesuch statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance orachievements of Nano One to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: cycling,charging, capacity, target markets, target cost-reductions, target partners, capital expenditures, raw material and other costs, and financing and additional capital requirements.Although management of Nano One has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-lookingstatements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that suchstatements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking statements and forward looking information. Nano One does not intend, and does not assume any obligation, to update any forward-lookingstatements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

17 Nano One Materials Corp. TSX-V: NNO

Take Away & DisclaimersTSXV: NNO | FF: LBMB | OTC: NNOMF

Disclaimer: Nano One expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at thereader’s risk and without liability to Nano One. The information contained herein is not to be construed as either a public or private offer or solicitation to purchase securities inthe capital stock of Nano One. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of Nano One.

Lower Cost Lithium Sources – Simpler Process – Innovative Cathode Materials

9 patents granted and 30+ pending and more to come in 2018-19

Pilot plant complete – Evaluations underway – Adding end user partners

Preliminary engineering plans in place for 3,300 Ton/yr production unit (24,000 60kWh EV LiBs)

Applies to conventional and solid-state LiBs for automotive, grid and consumer electronics

Licensing model makes Nano One ideal partner for large companies entering cathode space

Lithium, cathode and next gen battery producers targeted for partnership in 2018