Nano One Provides Corporate Update

Contributing sentiments towards policy:

59% : In 2025, EV sales slowed in the United States but reached record highs in the European Union, alongside strong demand from LFP battery applications in data centers.
53% : These assumptions include, but are not limited to assumptions regarding: contracted projects; revenue generation; operational growth; licensing and offtakes; government funding; incurrence of costs; competitive conditions; receipt of the total amount of announced anticipated funding from collective government programs; use of proceeds; general and global economic and regulatory changes; next steps and timely execution of the Company's business plans; the development of technology, and plans for construction and operation of cathode production facilities; risks associated with scale-up, commissioning, process performance and industrial implementation of new manufacturing technologies; the timing, completeness and commercial readiness of the Company's technology packages; the continuation, implementation or effectiveness of government policies, incentives, tax credits or procurement frameworks supporting localized battery supply chains; successful current or future collaborations that may happen with OEMs, miners or others; the execution of the Company's plans which are contingent on capital sources; the Company's ability to achieve its stated goals; the commercialization of the Company's technology and patents via license, joint venture and independent production; the Company's efforts to build resilient and sustainable supply chains for critical minerals and battery materials; anticipated global demand and projected growth for LFP batteries; and such other risk factors and risks as disclosed in the Prospectus Supplement, Base Shelf Prospectus, the Company's most recent annual information form, management's discussion and analysis and other documents filed from time to time under the Company's profile on SEDAR+ at www.sedarplus.ca.
51% : All statements, other than statements of historical fact, included herein are forward-looking information, including, but not limited to statements regarding: revenue generation; operational growth; sales, licensing and offtakes; government funding; incurrence of costs; competitive conditions; general economic conditions; the development of technology, supply chains, and plans for construction and operation of cathode production facilities for acceptance of the Company's product and licensing packages; the timing, completeness and commercial readiness of the Company's technology packages; the continuation, implementation or effectiveness of government policies, incentives, tax credits or procurement frameworks supporting localized battery supply chains; industry acceleration and demand; successful current and future collaborations that are/may happen with OEMs, miners or others, as well as the performance, contributions and deliverables of strategic partners and collaborators; the value, functions and intended benefits of the Company's technology and products; efforts to build resilient and sustainable supply chains for critical minerals and battery materials; the development and evolution of Nano One's technology and products for scale up and commercialization; achieving commercial production of LFP; the purpose for expanding the Candiac facilities and scalability of developed technology including production capacity targets, commissioning timelines and operational milestones for the Candiac facility; successful completion of customer product qualification programs, testing, validation or certification processes; and the execution of the Company's current and future plans - which are contingent on capital support and grants.
50% : " Policy measures, such as the 2025 U.S. National Defense Authorization Act (NDAA) prohibit batteries and battery components being procured from Prohibited Foreign Entities (PFEs) for the U.S. military starting in 2028, while the U.S. Congress has maintained the 45X manufacturing tax credit at $35/kWh.

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