Collaboration Agreement with Sumitomo Metal Mining & C$16.9 Million Strategic Investment

Highlights:

• Sumitomo Metal Mining and Nano One will partner via Collaboration Agreement.

• Sumitomo Metal Mining will make a C$16.9M equity investment in Nano One.

• The Companies intend to jointly explore business development opportunities focused on future sales, licensing, partnerships, investment and financing opportunities for expanded operations.

• Collaboration to support the development of battery ecosystems, with a particular focus on LFP and NMC production using the One-Pot process.

• Includes ongoing research and development for the production of clean, reliable, long-lasting battery materials.

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