Core Viewpoint - U.S. nuclear stocks surged significantly as the Trump administration pushes for large-scale power projects to meet the rising electricity demand driven by artificial intelligence and data centers [1] Group 1: Stock Performance - Oklo (OKLO.US) shares rose over 16% [1] - NANO Nuclear Energy (NNE.US) and NuScale Power (SMR.US) both increased by more than 13% [1] - Centrus Energy (LEU.US) saw a rise of over 9% [1] Group 2: Government Initiatives - The U.S. Department of Energy announced the launch of the "Speed to Power" initiative [1] - This initiative aims to mobilize technical expertise and billions of dollars in funding to address a significant increase in energy demand, the first of its kind in twenty years [1]

Group 1 - The Federal Open Market Committee is expected to announce a reduction in the target interest rate, potentially lowering it from the current range of 4.25% to 4.5% to a new range of 4% to 4.25%, with a possibility of a larger cut of 0.5% [1][2] - This would mark the first interest-rate cut by the Federal Reserve in nine months, with the last cut occurring on December 18, 2024 [2] - Economists anticipate a rate cut due to signs of weakness in the jobs market, despite inflation remaining above the Fed's target rate of 2% at 2.9% [4] Group 2 - The U.S. Bureau of Labor Statistics reported only 73,000 net new jobs created in July, followed by a disappointing 22,000 in August, significantly below economists' predictions [5][6] - The downward revision of May and June jobs numbers by over a quarter-million indicates a troubling jobs market, likely prompting the Fed to cut rates [6] - Lower interest rates are generally seen as beneficial for the stock market, as they reduce borrowing costs for companies, particularly those not yet generating profits [6] Group 3 - Companies that may benefit from lower borrowing costs include those developing small modular and micro nuclear reactors, such as Nano Nuclear Energy, NuScale Power, and Oklo [7]

Core Viewpoint - NANO Nuclear Energy Inc. has signed a letter of intent to sell its ODIN™ low-pressure coolant microreactor design to Cambridge Atom Works for a total of $6.2 million, allowing the company to focus on its gas-cooled reactor portfolio and enhance developmental efficiencies [2][3][4]. Group 1: Transaction Details - The sale includes a $250,000 upfront non-refundable down payment and a $5.95 million payment scheduled for 2026, along with future low single-digit royalties based on net sales if ODIN is commercialized [3]. - The transaction is subject to the execution of definitive documentation and customary closing conditions [3]. Group 2: Strategic Implications - The sale of ODIN is part of NANO Nuclear's strategy to streamline its product line and concentrate resources on its gas-cooled microreactors: KRONOS MMR, LOKI MMR, and ZEUS [4][6]. - This strategic move aligns with the recent Atlantic Partnership for Advanced Nuclear Energy between the U.S. and the U.K., which aims to accelerate nuclear power development and streamline regulatory frameworks [5][6]. Group 3: Product Portfolio and Development - NANO Nuclear's flagship KRONOS MMR is designed to deliver up to 45 MWth in a single-unit configuration and can scale to gigawatt-level power in multi-unit configurations, enhancing energy resiliency and economics [6]. - The company is actively working with the U.S. Nuclear Regulatory Commission to license the KRONOS MMR and has initiated site preparation activities at the University of Illinois Urbana-Champaign [6][7]. Group 4: Future Outlook - The retention of LOKI MMR and ZEUS microreactors is seen as a strategic decision due to their shared features with the KRONOS MMR, which is expected to provide synergistic benefits across the portfolio [9][10]. - The company anticipates that the development of KRONOS MMR will directly benefit LOKI and ZEUS, enhancing performance and regulatory efficiency [10].

Core Viewpoint - NANO Nuclear Energy Inc. has signed a letter of intent to sell its ODIN™ low-pressure coolant microreactor technology to Cambridge Atom Works for a total of $6.2 million, allowing the company to focus on its gas-cooled reactor portfolio and enhance developmental and regulatory efficiencies [1][2][3]. Financial Summary - The sale includes a $250,000 upfront non-refundable down payment and a $5.95 million payment scheduled for 2026, along with future low single-digit royalties based on net sales upon commercialization of ODIN [2]. Strategic Positioning - This transaction is part of NANO Nuclear's strategy to consolidate its microreactor portfolio, enabling a more focused approach on its gas-cooled technologies: KRONOS MMR™, LOKI MMR™, and ZEUS™ [3][5]. - The sale is expected to streamline NANO Nuclear's product line and allow for more efficient resource allocation towards its flagship reactor technologies [3][5]. Industry Context - The sale aligns with the recent U.S.-U.K. agreement to accelerate nuclear power development, which aims to harmonize regulatory frameworks and reduce licensing timelines for advanced nuclear reactors [4][5]. - The Atlantic Partnership for Advanced Nuclear Energy is seen as a significant step in supporting technologies like ODIN and KRONOS MMR, enhancing transatlantic collaboration [4][6]. Development Focus - NANO Nuclear is prioritizing the KRONOS MMR™ Energy System, which is designed to deliver up to 45 MWth in a single-unit configuration and is currently undergoing licensing processes with the U.S. Nuclear Regulatory Commission [6][12]. - The company is also advancing its engineering and manufacturing capabilities through a facility in Oak Brook, Illinois, to support construction, testing, and regulatory licensing of its technologies [7][12]. Future Outlook - The company anticipates that the continued development of KRONOS MMR will benefit the LOKI and ZEUS reactors, creating synergies across its portfolio [10][11]. - NANO Nuclear aims to close the ODIN sale by the end of 2025, which is expected to recoup its investment and generate future royalty revenue [11].

Group 1 - NANO Nuclear Energy Inc. signed a 10-year Cooperative Research and Development Agreement (CRADA) with the Idaho National Laboratory to enhance its microreactor programs [2][3] - The agreement aims to leverage INL's expertise in reactor design, materials testing, and deployment, positioning NANO Nuclear for commercialization of clean energy solutions [3] - NANO Nuclear focuses on providing safe, modular, and clean energy through advanced nuclear technologies, including microreactors and fuel solutions [4] Group 2 - NANO Nuclear Energy is recognized as one of the best uranium stocks to invest in currently [1][4]

Core Insights - NuScale Power and Nano Nuclear Energy are key players in the small modular reactor (SMR) and microreactor market, focusing on next-gen clean nuclear energy solutions [1][2] - The global SMR market is projected to grow from $5.81 billion in 2024 to $8.37 billion by 2032, with a CAGR of 4.98% from 2025 to 2032, indicating significant growth opportunities for both companies [2] Group 1: NuScale Power - NuScale Power is advancing in SMR technology and has an expanding partner base, positioning itself as a leader in sustainable, carbon-free energy [4] - The company has made significant progress in manufacturing and commercializing its SMR technology, with key partnerships enhancing its market position [5] - A landmark agreement with the Tennessee Valley Authority will deploy up to 6 gigawatts of its NRC-approved SMR technology, marking the largest SMR program in U.S. history [6] Group 2: Nano Nuclear Energy - Nano Nuclear Energy is well-positioned to meet the demand for clean, reliable, and zero-emission energy solutions in the advanced nuclear sector [7] - The company has entered a 10-year Cooperative Research and Development Agreement with Idaho National Laboratory to advance its microreactor technologies [8] - NNE is progressing with licensing for its KRONOS microreactor in the U.S. and Canada, enhancing its presence in the North American microreactor market [9] Group 3: Stock Performance and Valuation - Year-to-date, NuScale Power's shares have appreciated by 91.4%, while Nano Nuclear Energy's shares have increased by 26.3% [10] - Both companies' shares are currently considered overvalued, with NuScale Power trading at a Price/Book ratio of 19.58X and Nano Nuclear Energy at 5.77X [15] - For 2025, the Zacks Consensus Estimate predicts a loss of 46 cents per share for NuScale Power and a loss of $1.20 per share for Nano Nuclear Energy [17] Group 4: Conclusion - NuScale Power is ahead in commercialization, while Nano Nuclear Energy's focus on microreactors and strong research partnerships may provide greater long-term upside [18] - Despite its technological advantages, NuScale Power faces challenges in a competitive energy market, including the rise of renewable energy sources [19]

Core Viewpoint - NANO Nuclear Energy Inc. is actively participating in several key nuclear energy industry events, highlighting its commitment to advancing clean energy solutions and engaging with stakeholders in the nuclear sector [1][7]. Event Participation - NANO Nuclear will represent U.S. interests at the 69th International Atomic Energy Agency (IAEA) General Conference from September 15 to 19, 2025, in Vienna [2]. - CEO James Walker will participate in a nuclear-focused panel at the DCAC Conference from September 16 to 18, 2025, discussing the role of nuclear energy in powering data centers [3]. - At the Houston Energy & Climate Week on September 18, 2025, CEO James Walker will engage in a panel titled "New Energies, New Opportunities – Powering Careers" [4]. - NANO Nuclear is a Gigawatt sponsor at the Nuclear Symposium on September 24, 2025, where Founder & Chairman Jay Yu and CTO Florent Heidet will present [5]. - The company will also participate in the 2025 Advanced Nuclear NY Summit from September 30 to October 1, 2025, and the CNA West Conference from October 20 to 22, 2025 [6]. Company Overview - NANO Nuclear Energy Inc. is focused on becoming a diversified and vertically integrated company across five business lines, including portable microreactor technologies, nuclear fuel fabrication, transportation, applications for space, and consulting services [8]. - The company claims to be the first publicly listed portable nuclear microreactor company in the U.S. [8]. - NANO Nuclear's lead project is the KRONOS MMR Energy System, a high-temperature gas-cooled reactor currently in the pre-application phase with the U.S. Nuclear Regulatory Commission [9][10]. Subsidiaries and Innovations - Advanced Fuel Transportation Inc. (AFT), a subsidiary, aims to build a North American transportation company for HALEU fuel, with exclusive licensing of a patented transportation basket developed by U.S. national laboratories [11]. - HALEU Energy Fuel Inc. (HEF) is focused on developing a domestic HALEU fuel fabrication pipeline for NANO Nuclear's microreactors and the broader industry [12]. - NANO Nuclear Space Inc. (NNS) is exploring commercial applications of micronuclear reactor technology in space, including the LOKI MMR system for extraterrestrial projects [13].

Summary of NANO Nuclear Energy FY Conference Call Company Overview - **Company**: NANO Nuclear Energy (NasdaqCM:NNE) - **Focus**: Development of nuclear energy projects, specifically microreactors and fuel processing cycles [3][4] Industry Context - **Nuclear Renaissance**: The company is positioned within a growing trend towards nuclear energy, supported by bipartisan political backing and increasing commitments from various countries [4][5] - **Market Dynamics**: 31 countries are tripling their commitments to nuclear development, with 140 companies currently investing in the sector [5] Key Products and Technologies - **Microreactors vs. SMRs**: NANO's microreactors offer economies of scale and safety advantages, with a fuel life of up to 10 years [8][9] - **KRONOS MR Reactor**: A flagship product designed for energy-intensive operations, capable of producing 15 megawatts of electric and 45 megawatts thermal energy [9][10] - **Fuel Enrichment**: Current enrichment at 99.9% with plans to increase to 19.9%, which would extend refueling intervals significantly [11] Strategic Partnerships and Developments - **Construction Permits**: The company has secured permits for construction in Illinois and Canada, collaborating with regulatory bodies to ensure compliance [12][13] - **Acquisition and Investment**: Over $120 million invested in technology and partnerships to enhance reactor design and fuel supply chain [13][17] - **Government Collaboration**: Engaged in R&D contracts with the U.S. government for energy resilience projects [19][20] Market Opportunities - **Diverse Applications**: Targeting various sectors including data centers, remote communities, and mining operations [14][15] - **Fuel Supply Chain Integration**: Focus on securing uranium supply and reducing costs associated with enrichment and conversion, which constitute 80% of marginal energy costs [16][17] Challenges and Considerations - **Regulatory Landscape**: Navigating state-specific regulations for utility connections and microgrid construction [25][26] - **Safety and Land Requirements**: The reactor footprint is approximately four acres, with safety measures ensuring minimal risk [32][33] Global Expansion and Future Plans - **International Engagement**: Exploring opportunities in countries with existing nuclear agreements, particularly in Southeast Asia [34][35] - **Focus on Sustainability**: Aiming to reduce dependency on foreign uranium supplies and enhance energy independence [22][23] Conclusion - NANO Nuclear Energy is strategically positioned to capitalize on the growing demand for nuclear energy through innovative reactor designs, strategic partnerships, and a focus on sustainability and energy independence. The company is actively pursuing opportunities both domestically and internationally while addressing regulatory and safety challenges.

Core Viewpoint - NANO Nuclear Energy Inc. is actively participating in several investor events to showcase its advancements in clean nuclear energy solutions and technology [1][8]. Company Overview - NANO Nuclear Energy Inc. is a technology-driven nuclear energy company aiming to be a diversified and vertically integrated entity across five business lines: portable microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services [3][4]. - The company claims to be the first publicly listed portable nuclear microreactor company in the U.S. [3]. Product Development - NANO Nuclear is developing several reactor products, including the KRONOS MMR Energy System, a high-temperature gas-cooled reactor, and the portable LOKI MMR, which are designed to provide modular and on-demand clean energy solutions [4]. - The company is also working on a solid core battery reactor named "ZEUS" [4]. Subsidiaries and Operations - Advanced Fuel Transportation Inc. (AFT), a subsidiary of NANO Nuclear, aims to establish a North American transportation company for HALEU fuel, targeting small modular reactors and other entities [5]. - HALEU Energy Fuel Inc. (HEF) is focused on developing a domestic source for HALEU fuel fabrication for NANO Nuclear's microreactors and the broader advanced nuclear industry [6]. - NANO Nuclear Space Inc. (NNS) is exploring commercial applications of micronuclear reactor technology in space, particularly for extraterrestrial projects and propulsion technology [7]. Upcoming Events - NANO Nuclear's management will present at H.C. Wainwright's 27th Annual Global Investment Conference on September 8, 2025, and participate in Benchmark's Nuclear Innovation Summit on September 16, 2025 [8]. - Additionally, management will engage in a fireside chat at TD Cowen's 10th Annual Nuclear Fuel Cycle and Next Generation Nuclear Roundtable on October 9, 2025 [8].

Core Viewpoint - NANO Nuclear Energy Inc. has signed a Cooperative Research and Development Agreement (CRADA) with Idaho National Laboratory (INL) to advance its nuclear reactor development, particularly focusing on its KRONOS MMR™ and LOKI MMR™ systems [1][2][5]. Group 1: Agreement Details - The ten-year CRADA aims to support NANO Nuclear in building, testing, and commercializing its advanced nuclear microreactors [2]. - The agreement allows NANO Nuclear to utilize INL's expertise and facilities to enhance reactor design, materials qualification, regulatory licensing, and deployment processes [2][4]. Group 2: Strategic Importance - This collaboration is seen as a significant step towards achieving commercial readiness for NANO Nuclear's technologies, which are designed to meet the increasing demand for clean and modular energy solutions across various sectors [6][7]. - NANO Nuclear's microreactor technologies are targeted for applications in defense, government, space, AI data centers, and commercial sectors [6]. Group 3: Company Overview - NANO Nuclear Energy Inc. is focused on becoming a diversified and vertically integrated company in the nuclear energy sector, with business lines including microreactor technologies, nuclear fuel fabrication, and consulting services [9]. - The company is recognized as the first portable nuclear microreactor company publicly listed in the U.S. [9]. Group 4: Future Developments - NANO Nuclear's lead project, the KRONOS MMR™, is a stationary high-temperature gas-cooled reactor currently in the pre-application phase with the U.S. Nuclear Regulatory Commission [10]. - The company is also exploring commercial applications of its microreactor technology in space through its subsidiary, NANO Nuclear Space Inc. [14].