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$NANO.TO

2 stories mentioning NANO.TOUpdated 28d ago

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Mining & Metals

Nano One Materials Announces Retirement of Founder and CEO Dan Blondal; President & Chief Strategy Officer Alex Holmes Appointed as CEO

Nano One Materials (NANO.TO) said Monday that Dan Blondal, founder and chief executive officer, will retire from his executive management and board director role effective June 12, 2026.Alex Holmes, currently president and chief strategy officer, will assume the role of chief executive officer on the same date and join as a director on the board, added the company."Mr. Blondal will continue to support the Company in an advisory capacity following his retirement," said the company.Holmes was appointed president and chief strategy officer in February 2026, having previously served as chief operating officer since 2021, said the company. He draws on nearly 25 years of experience in capital markets and corporate leadership, including approximately ten years in investment banking and senior executive roles at several public companies focused on critical minerals and technology, stated the company.Blondal founded Nano One in 2011 and has served as chief executive officer since the company's inception, it added.

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Mining & Metals

Nano One Materials Swung to Comprehensive Loss in Q1

Nano One Materials (NANO.TO) said Friday it swung to a comprehensive loss in the first quarter from a year-ago.For the three months ended March 31, 2026, the company reported loss and comprehensive loss of $881,269 compared with income and comprehensive income of $2.7 million, a year-ago.On its financial position, the company said as at March 31, 2026, it had reported total net assets of $22.1 million, working capital of $22.3 million, and cash of $23.0 million. The $7.8 million in government funding received in Q1 2026 minimized the net use of cash for the period to less than $1.0 million. As of March 2026, Nano One had $25.3 million in undrawn government funding available, it added.Shares of the company closed down about 1% to $1.0 on Thursday on the Toronto Stock Exchange.

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