Nano One Advances Plans for Canadian LFP Cathode Manufacturing Project

Cautionary Notes and Forward-Looking Statements

Certain information in this release may constitute “forward-looking information” and “forward-looking statements” under applicable securities legislation. Except for statements of historical fact, all statements are forward-looking. These include, among other things, Nano One’s strategy to deploy LFP cathode production in Canada through the Canada DevCo; the anticipated structure, benefits and financing of the DevCo model, including combining Nano One’s technology, engineering and services with partner construction capital and offtake commitments; the proposed 25,000-tonne-per-year cathode facility and its potential expansion to 100,000 tonnes annually; site evaluations covering preferred locations, utilities, infrastructure, permitting requirements and operational configurations; engineering of the standardized 25,000-tonne-per-year plant design; receipt of announced anticipated funding from the Government of Canada/NRCan and other government grants and loans; customer qualification activities at the Candiac facility and the application of operating experience to future facilities; progress with potential customers, strategic partners, suppliers and government stakeholders; qualification of regional suppliers of lithium carbonate, phosphoric acid, iron and plant equipment; development of a Canadian and allied supply chain; the project’s potential to serve energy-storage, electric-vehicle and defence markets; anticipated advantages from Canadian industrial power, low-carbon electricity and regional access to materials; alignment with Canadian automotive, defence and critical-minerals strategies; and expectations for further updates. Forward-looking statements may be identified by terms such as “believe,” “expect,” “anticipate,” “plan,” “intend,” “continue,” “estimate,” “may,” “will,” “should,” “target,” “goal,” “potential” and similar expressions.

Forward-looking statements reflect management’s current opinions and estimates as of the date they are made and are not guarantees of future results or events. These statements are subject to known and unknown risks, uncertainties and other factors that could cause actual outcomes to differ materially, including receipt of the full amount of announced anticipated funding; use of proceeds; the quality, availability and development stage of Canadian suppliers of lithium carbonate, phosphoric acid and iron; the outcomes of site evaluations and the ability to secure an appropriate site on acceptable terms and timelines, including permitting; product and process improvements; efforts to de-risk regional supply chains; economic and regulatory changes; timely execution of business plans; development of technology, supply chains and cathode-facility construction and operating plans; cost overruns, delays and execution challenges; collaborations with original-equipment manufacturers, miners or other parties; access to required capital; achievement of stated goals; commercialization of Nano One’s technology and patents through licensing, joint ventures or independent production; development of resilient critical-minerals and battery-material supply chains; anticipated global demand and growth for LFP batteries; and other risks described in Nano One’s Annual Information Form dated March 25, 2026, its management’s discussion and analysis and recent securities filings.

Although management has attempted to identify important factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements, other factors may also apply. No assurance can be given that such statements will prove accurate, and actual results and future events may differ materially. Readers should not place undue reliance on forward-looking information. Nano One does not undertake any obligation to update these statements except as required by applicable securities laws.

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