Nano One Advances One-Pot LFP Customer Sampling with Sumitomo Metal Mining

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Certain information contained herein may constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking information can be identified by the use of terminology such as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’, ‘target’, ‘goal’, ‘potential’ or variations of such words and phrases or statements that certain actions, events or results “will” occur.

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Forward-looking information in this news release includes, but is not limited to: the Company’s collaboration with Sumitomo Metal Mining Co., Ltd. (“SMM”), including SMM’s continued validation of the One-Pot™ process through economic modelling, product testing and the supply of One-Pot LFP samples to its customers; the anticipated positive feedback from, and engagement with, SMM’s cell manufacturing and automotive customers on One-Pot LFP samples; the readiness of the Company’s latest-generation LFP cathode material samples for evaluation by lithium battery cell manufacturers and a Japanese automotive customer; the estimated potential conversion cost savings of up to US$1 million per year for every thousand tonnes of annual capacity based on SMM’s modelling; the anticipated benefits of the One-Pot process as a high-quality, cost-effective and complementary manufacturing solution for LFP cathode materials; the product qualification pathway and the Company’s ability to advance toward eventual commercial offtake; the potential enhancement of the Company’s value proposition to customers, licensees and joint venture partners; the potential collaboration between SMM and Nano One on a large-scale LFP production facility in Canada, including the securing of customer offtake, project financing and government funding support; SMM’s continued participation as a project partner under the Company’s NRCan-funded programs; and anticipated demand and growth for LFP in the lithium battery energy storage segment.

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Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made and are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: the outcome of customer sample evaluations and the risk that positive feedback does not result in successful product qualification, commercial offtake or definitive agreements; the accuracy of SMM’s and the Company’s economic modelling and cost savings estimates, which are subject to assumptions that may differ materially from actual results; SMM’s continued interest in and commitment to its collaboration with the Company; the Company’s ability to secure customer offtake, project financing and government funding on acceptable terms or at all; receipt of the total amount of announced anticipated funding from NRCan and other government related grants and loans; the continued advancement of SMM’s own LFP business and solid-phase process, which may compete with or reduce the need for the One-Pot process; the timely execution of the Company’s business plans; the development of technology, supply chains and cathode production facilities; the Company’s ability to achieve its stated goals and commercialize its technology and patents via license, joint venture, DevCo or independent production; general and global economic, geopolitical and regulatory changes; trade and export controls; anticipated global demand and projected growth for LFP batteries; and other risk factors as identified in Nano One’s Annual Information Form dated March 25, 2026, for the year ended December 31, 2025, its MD&A for the year then ended, and in recent securities filings for the Company which are available at

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. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements 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 such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

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