NANO Nuclear Energy’s Strategic Laser Uranium Enrichment Partner LIS Technologies Receives Key Radioactive Material License from the State of Tennessee for its State-of-the-Art Test Demonstration Facility at the Historic Oak Ridge K-25 Site

Core Insights - NANO Nuclear Energy Inc. congratulates its partner LIS Technologies for receiving a Radioactive Material License from the State of Tennessee, allowing LIS to procure uranium hexafluoride (UF₆) feedstock and advance its patented laser uranium enrichment technology [1][2][4] Group 1: Company Developments - LIS Technologies is the only U.S.-origin developer of patented advanced laser technology for uranium enrichment, enabling it to handle various forms of uranium and support technology development for a commercial uranium laser enrichment facility [2][3] - NANO Nuclear and LIS Technologies have a collaboration agreement where NANO Nuclear will develop fuel cycle capabilities to integrate LIST's enriched UF₆ into a manufacturing process, supporting both NANO Nuclear's micro modular reactors and the broader nuclear energy industry [3][4] Group 2: Strategic Importance - The achievement of the Radioactive Material License is seen as a major milestone for the U.S. nuclear fuel supply chain, with NANO Nuclear emphasizing the importance of restoring domestic enrichment capacity for advanced reactors [4] - NANO Nuclear believes that LIST's laser enrichment technology could eventually produce commercial quantities of Low Enriched Uranium (LEU) and High-Assay Low Enriched Uranium (HALEU) fuel, contributing to U.S. domestic enrichment capabilities [4] Group 3: Financial and Regulatory Context - In late 2024, LIST was selected by the U.S. Department of Energy for a $3.4 billion contract aimed at expanding U.S. domestic commercial enrichment capabilities, with NANO Nuclear acting as a key subcontractor [4]