Nano One Materials (NANO) Q2 2026 earnings summary

Executive summary

• Reported net assets of $18.2 million, working capital of $17.6 million, and cash of $19.3 million as of June 30, 2026.

• Secured over $63 million in non-dilutive capital since 2024, including $12.3 million in government funding in H1 2026 and $20 million undrawn as of August 2026.

• Candiac Facility expansion engineering 85% complete, on schedule and on budget, supporting sales, licensing, and joint venture opportunities.

• Strengthened policy support for battery materials across Canada, the U.S., and allied jurisdictions, reinforcing localized production and licensing strategy.

Financial highlights

• Net use of cash for the six-month period limited to $4.3 million due to government funding.

• Received $1.0 million in grant proceeds from Natural Resources Canada in July 2026.

Outlook and guidance

• Expansion of Candiac Facility targeted for commissioning in H1 2027, enabling large-volume sampling and supporting larger customer contracts.

• Ongoing product and process improvements, with expectations for additional revenue opportunities from licensing and joint ventures.

• Anticipated future sales and revenue streams from product sales, technology licensing, joint ventures, and royalty arrangements.