NANO Nuclear Holds Milestone Ceremony to Mark Beginning of Drilling Work for First KRONOS MMR(TM) Energy System in Partnership with University of Illinois

Core Viewpoint - NANO Nuclear Energy Inc. is celebrating the commencement of drilling work for its KRONOS MMR™ Energy System prototype in partnership with the University of Illinois, marking a significant step towards the development of advanced nuclear energy solutions [2][5][6]. Company Overview - NANO Nuclear Energy Inc. is a publicly listed advanced nuclear energy company focused on developing clean energy solutions, particularly through its patented micro nuclear reactor, the KRONOS MMR™ [2][9]. - The company aims to become a diversified and vertically integrated entity across five business lines, including microreactor technologies and nuclear fuel fabrication [9][11]. Project Details - The KRONOS MMR™ is designed to deliver 15 MWe (45 MWth) of carbon-free power, utilizing meltdown-resistant TRISO fuel and passive helium cooling, with capabilities for autonomous operation during outages [6][8]. - The project at the University of Illinois will serve as a real-world demonstration of the KRONOS MMR™ and is expected to influence future deployments in various sectors [5][6]. Milestone Ceremony - The milestone ceremony includes remarks from key executives and stakeholders, emphasizing the project's significance in advancing nuclear technology and energy sovereignty in the U.S. [6][7]. - The event highlights the collaboration with AECOM for site characterization and geotechnical activities, which are crucial for the project's development [5][8]. Future Plans - NANO Nuclear plans to submit a construction permit application for the KRONOS MMR™ in the first quarter of 2026, utilizing geotechnical data from the ongoing site work [8][10].