I think Nano One Materials Corp. (Toronto: NANO) is in a unique position with regard to battery cathodes as America scales up for the electric vehicle (EV) transition, suggests Ralph Aldis, portfolio manager, at U.S. Global Investors.
In late September, Nano One announced it had completed a 2019 cathode development project with a Global Automotive Company, and it has now entered a new Memorandum of Understanding to focus on low cost, cobalt-free, manganese rich LNMO batteries for performance testing and economic feasibility for EV integration.
Since that date, Nano One has been seeing talent join its team and appears to be scaling up to a brighter future with a hire to lead its cathode commercialization and a new VP of External Affairs.
In addition, two new strategic advisors Dr. Yuan Gao, Vice Chairman of the board of Pulead Technology, and Frank F. Fannon, former U.S. Secretary of State for Energy Resources, have recently joined Nano One.
Management, the Board, and Nano One’s strategic advisors seem to be confident in the company’s future. Overall, the stock is a top pick for speculative growth.