NANO Nuclear Rebrands Its Canadian KRONOS MMR Business as True North Nuclear as It Seeks to Be the Leading North American Advanced Nuclear Microreactor Developer

Core Viewpoint - NANO Nuclear Energy Inc. has rebranded its Canadian KRONOS MMR business as True North Nuclear Inc. to position itself as a leading developer of advanced nuclear microreactors in North America [1][3]. Company Developments - The rebranding follows the acquisition of Global First Power Limited and aims to enhance NANO Nuclear's identity in the advanced microreactor sector [1][3]. - True North Nuclear will focus on constructing and seeking regulatory approval for the KRONOS MMR™ Energy System project in Canada [2][3]. - The company plans to submit a License to Prepare Site (LTPS) to the Canadian Nuclear Safety Commission, building on previous successful submissions [3][4]. Strategic Goals - NANO Nuclear aims to leverage Canada's supportive regulatory framework for nuclear microreactor development to advance its initiatives in both Canada and the U.S. [5]. - The company is also preparing to submit a construction permit application to the U.S. Nuclear Regulatory Commission for the KRONOS MMR™ project at the University of Illinois Champaign-Urbana in the first quarter of 2026 [4][5]. Technological Focus - NANO Nuclear is developing several advanced nuclear reactor products, including the KRONOS MMR™ Energy System, ZEUS™, and the portable LOKI MMR™ [7]. - The company is also working on a domestic source for High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication through its subsidiary HALEU Energy Fuel Inc. [9]. Industry Positioning - NANO Nuclear aims to become a vertically integrated company across multiple business lines, including microreactor technologies, nuclear fuel fabrication, and consulting services [6]. - The company is positioned to be a key player in the North American clean energy landscape, focusing on innovation and commercialization of next-generation nuclear technologies [3][5].