Vancouver-based Nano One Materials Corp. (TSX-Venture:NNO) was in a celebratory mood Thursday, capturing a U.S. Patent, one which adds value to the company’s high-energy cathode materials, in the race to commercialize lithium ion battery powered electric vehicles.
Chief Technology Officer Stephen Campbell said "This patent is particularly significant as it defines the properties of our high-energy NMC cathode powders, rather than the underlying process to make them. These powders have unique physical properties, related to size and nanostructure, that Nano One is exploiting for improved durability, handling, safety and cost."
For the uninitiated, NMC cathodes are typically comprised of lithium, nickel, manganese and cobalt. There are global initiatives underway to increase nickel for more energy and reduce cobalt to mitigate supply chain risk. However, this shift to nickel-rich materials compromises stability and safety in the battery, and the air sensitive materials require special handling.
NNO shares gathered seven cents, or 6.2%, Thursday, to $1.20, on 98,000 shares.