06
Oct
14:43
Nano One receives $12.3m investment from Sumitomo
Nano One Materials confirmed the completion of the CAD 16.9 million ($12.3m) equity investment by Sumitomo Metal Mining (SMM), a deal first announced last month.
The transaction, which was expected to close within 30 days, was completed in just over a week, Kallanish notes. Tokyo-based SMM purchased nearly 5.5m of Nano One’s common shares, gaining a 5% stake in the company.
The companies are now under a collaboration agreement that aims to accelerat…
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