• Dan Blondal, Founder and Chief Executive Officer, is to retire as of June 12, 2026, and will continue to support the Company in an advisory capacity 
• Alex Holmes, President and Chief Strategy Officer, is now appointed as Chief Executive Officer, effective June 12, 2026 
• Planned senior leadership succession reflects the Company’s transition into its next phase of growth and commercialization 

Nano One® Materials Corp., a process technology company specializing in lithium-ion battery cathode active materials, has announced 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 the Board as a Director. Mr. Blondal will continue to support the Company in an advisory capacity following his retirement.

The transition reflects a planned succession process developed in concert with the Board of Directors and supports continuity as Nano One advances toward commercialization of its cathode active materials technology.

“On behalf of the Board, I want to thank Dan for his vision, leadership, and dedication in founding and building Nano One into the company it is today,” said Anthony Tse, Chair of Nano One. “Dan’s technical insight and persistence have shaped Nano One’s technology platform, partnerships, and strategic direction over more than a decade. The Board is grateful for his contributions and pleased that he will remain involved in an advisory capacity. We are equally pleased with Alex Holmes moving from President to Chief Executive Officer. Alex has demonstrated the strategic, operational, and capital markets leadership needed to guide the Company through its next phase of growth and commercialization. The Board remains focused on supporting management in meeting its objectives and creating value for shareholders.”

“It has been the honor of my career to lead Nano One from its earliest days through to where the Company stands today,” said Dan Blondal, Founder and Chief Executive Officer of Nano One. “I am proud of what this team has built—every person, past and present, who has contributed to advancing our technology offering, our shareholder base, our partnerships, and our path toward commercialization. I have worked closely with Alex and the rest of the leadership team and have full confidence in their ability to carry Nano One into its next stage of development and their commitment to creating long-term shareholder value. The Company is in capable hands, and I look forward to supporting Alex and the team in an advisory capacity as they continue this important work.”

“Dan’s vision and conviction are the reason Nano One exists. I appreciate his mentorship and how he helped shape my thinking about the business and this industry,” said Alex Holmes, incoming Chief Executive Officer of Nano One. “I am honored to take on this role and to build on the foundation Dan and the team have established. Our focus remains on disciplined execution—advancing our technology, our customer engagements, and our path to commercialization—alongside the talented team Dan has assembled and continues to support. Our commitment to valued shareholders who have been with us—for a decade or a few months—is to drive opportunity and meet our collective desire for success.”