10:07 AM EDT, 09/30/2025 (MT Newswires) -- Volatus Aerospace ( TAKOF ) , a Canadian player in aerial intelligence and unmanned aircraft systems, and VoltaXplore, a high-performance lithium-ion battery manufacturer and subsidiary of NanoXplore ( NNXPF ) , announced Tuesday the signing of a Letter of Intent for the future supply of Canadian-made lithium-ion battery cells to power Volatus' next-generation drones.

A statement noted that the strategic agreement strengthens Volatus' product differentiation and supply chain security while positioning both companies for growth across civil, defense, and Arctic surveillance markets.

Upon the finalization of mutually agreeable formal supply agreement, VoltaXplore will allocate production capacity from its 1 MWh Montreal facility, operational since 2022, to supply Volatus with advanced battery cells engineered and manufactured in Canada.

A statement further noted that initial deliveries will come from VoltaXplore's Montreal facility, with future capacity expansion aligned with Volatus's new platform development timeline.

"Incorporating VoltaXplore's silicon-dominant cells will give our drones greater endurance, faster charging, and reliable performance in even the most extreme environments, from summer heat to the cold Arctic tundra," said Volatus Aerospace's ( TAKOF ) chief executive officer Glen Lynch.

"Just as importantly, this partnership ensures the entire value chain, from advanced materials to finished aircraft, remains in Canada, building domestic aerospace capacity and strengthening our defense industrial base."

Volatus Aerospace ( TAKOF ) shares were last seen up 5% to $0.63 on the TSX Venture Exchange, while NanoXplore ( NNXPF ) shares were last seen up 0.7% to $2.82 on the Toronto Stock Exchange.

Price: 2.82, Change: +0.02, Percent Change: +0.71