When you see a small clean tech venture company get a huge non-dilutive, non repayable grant from a first class organization its time to watch for huge gains. Couple that with a classic cup and handle chart and this may be one of the top winners in 2016 on the TSX Venture.
Nano One Materials (NNO.V) is making a major breakout on huge volume after they were approved for a $2+ million grant from the Sustainable Development Technology of Canada. This capital will allow Nano One to design and construct a pilot plant to hopefully produce superior lithium ion battery cathode nano materials a step closer to the commercial level. Nano One has patents that they believe could produce nanomaterials that could improve Li Ion battery performance and reduce costs. As you know I have been bullish on clean energy especially surrounding the Lithium Ion Battery, electric vehicles and power storage for years. There is a huge amount of institutional capital looking to be deployed in this sector right now. Nano One Materials could be the go to stock in 2016 as the lithium ion battery continues to be growing in demand all over the world and this new technology could be ground breaking and disruptive. "Sustainable Development Technology Canada is incredibly proud to support Nano One," said Leah Lawrence, president and chief executive officer. "Our mission is to help Canadian cleantech entrepreneurs move their groundbreaking technologies to commercialization by bridging the funding gap between research and market entry. Nano One's battery materials pilot plant is the kind of technology that has the potential to generate jobs, growth and export opportunities, and to bring lasting economic, environmental and health benefits to Canadians and the world." Nano One CEO Dan Blondal said: "SDTC is internationally recognized for their expertise in cleantech investment, and their rigorous due diligence and competitive selection process are strong endorsements of our project. SDTC is very supportive of their portfolio companies so we are honoured to have earned their confidence, and to be participating in Canadian economic growth and environmental stewardship." "This project will help Nano One further its traction within the lithium ion battery industry," added Nano One chairman Paul Matysek, "and SDTC's support brings valuable funding and validation while providing the kind of leverage that investors and strategic interests are looking for." See the full news release by clicking on the following link: http://nanoone.ca/nano-one-approved-for-2-million-sdtc-grant/
Hopefully, the pilot plant will prove that Nano One could reduce cathode material costs by 50%. Remember this is a huge market of $2-3 billion dollars. Nano One has 2 US patents and more pending. This could be an exciting year for clean tech especially Nano One as they build out the pilot and show proof of concept for their materials that could improve battery performance at much lower costs. The company is collaborating with Noram Engineering and its subsidiary BC Research to build the pilot production plant which would allow interested third parties such as battery manufacturers the ability to evaluate the technology. Noram President Tony Boyd says “We are pleased to support Nano One in advancing its materials processing technology for battery applications and look forward to contributing to the commercialization effort.” Nano One CEO Dan Blondal adds that “This agreement launches a new phase in our relationship, and it is an exciting time to be leveraging each others expertise and scaling the technology, especially in light of rising demand for lithium and electric vehicles.” Nano One's Chairman is Paul Matysek who is known for his success with Lithium One, Potash One and Energy Metals. He took Energy Metals from a $10 million market cap in 2004 to $1.8 billion in 2007. Could Nano One (NNO.V) be the next big win for Paul?
See the chart analysis I did on Nano One (NNO.V) by clicking on the following link: http://goldstocktrades.com/blog/wp-content/uploads/2016/03/sc-34.jpg
The stock broke out at $.30 and made a major run on huge volume to $.40. Its normal to see some profit taking on new one year highs so don't be surprised to see some profit taking and pullbacks to the 10 or 20 day moving average.
It looks like it pulled back to the 10 day moving average today at $.35 which could be the first area of support. Cup and Handle breakouts are quite powerful and could lead to major moves higher. Don't miss out on this story and put NNO.V on your radar as it has the ingredients to be a real winner.
The chart is forming a bullish cup and handle chart with increasing volume. The company just got a $2 million grant to advance their nano technology on using special cathode materials for lithium ion batteries. This is no make believe company as it has a great management team behind it with Mr. Matysek and Dr. Campbell. Dr. Campbell was the principal scientist for Automotive Fuel Cell Cooperation Corp and Ballard Power Systems. He has over 19 patents to his name and specializes with fuel cells and batteries for the automotive sector. He led a large research group focused on polymer electrolyte lithium battery materials.
Mr. Matysek was CEO of Lithium One which merged with Galaxy Resources for $112 M. Before that he was CEO of Potash One which was taken over for $434 million. Prior to that he was CEO of Energy Metals which was bought out for $1.8 billion. This is a track record of a winner.
The stock has had so much good news this month and should be higher if it was not for some overhead resistance. Once that is worked through and as more investors become aware of this unique battery technology story run by the best in the business it could move much higher and breakout.
Look at the recent news this month. It should start getting recognized by investors so don’t be surprised of a rerating.
Disclosure: I own shares in Nano One and the company is a website sponsor. I have a conflict of interest as I could benefit if share price rises. Please do your own due diligence as I am not a financial advisor.
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For informational purposes only. This is not investment advice. May contain forward looking statements.