LIS Technologies and NANO Nuclear Energy are One of Six Awarded U.S. Department of Energy Contracts as Part of Low-Enriched Uranium Acquisition Program with An Aggregate Appropriation of $3.4 Billion Over 10 years

Core Points - The U.S. Department of Energy (DOE) has awarded a contract to LIS Technologies Inc. (LIST) as the prime contractor and NANO Nuclear Energy Inc. (NANO Nuclear) as a key subcontractor under the Low-Enriched Uranium (LEU) Enrichment Acquisition Program, with task orders starting at a minimum value of $2 million each [1][3] - The total funding for the LEU Acquisition Program is projected to be $3.4 billion, aimed at enhancing domestic fuel supply chains and advancing nuclear technology to ensure energy independence [2][3] - LIST will lead the development of uranium enrichment processes using advanced laser technology, while NANO Nuclear will focus on fuel deconversion, fabrication, and transportation [4][5] Company Overview - LIST is a U.S.-based developer of patented laser technology for isotope separation, offering advantages over traditional enrichment methods, including energy efficiency and competitive costs [8] - NANO Nuclear Energy Inc. is focused on becoming a diversified, vertically integrated company in the nuclear sector, with business lines including portable microreactor technology and nuclear fuel fabrication [9][10] - Both companies emphasize the importance of public-private partnerships in advancing energy technologies and maintaining U.S. leadership in the nuclear industry [5][6]