NANO Nuclear Signs a Memorandum of Understanding with UrAmerica Ltd. to Help Modernize and Develop Argentina’s Nuclear Fuel Supply Chain

Core Viewpoint - NANO Nuclear Energy Inc. has signed a Memorandum of Understanding (MOU) with UrAmerica Ltd. to explore strategic development opportunities in Argentina's uranium-fuel supply chain, aiming to secure a reliable source of materials for nuclear fuel production [1][2][6]. Group 1: MOU Details - The MOU formalizes discussions to evaluate opportunities in mining, conversion, and UF₆ feedstock supply, potentially leading to definitive agreements for specific projects [2][6]. - Under the MOU, the companies will pursue favorable uranium offtake agreements, investments in mineral production, fuel-cycle infrastructure, and future joint ventures [6][9]. Group 2: Strategic Importance of Argentina - Argentina is recognized for having one of the largest uranium repositories globally, and the government is considering privatizing its nuclear energy sector to attract international investment [3][9]. - The collaboration aims to modernize Argentina's nuclear sector and strengthen U.S. energy security by sourcing materials from a reliable partner [6][9]. Group 3: Company Goals and Statements - NANO Nuclear's leadership emphasizes the importance of this partnership in positioning Argentina as a regional center for nuclear technology and a reliable supply-chain partner for the U.S. [8][9]. - UrAmerica's CEO highlights the potential of Argentina's uranium resources to meet the growing global demand for nuclear fuel and to enhance energy security for the U.S. [9].