Financial Data and Key Metrics Changes - The company's cash and cash equivalents increased significantly to $577.5 million, a rise of approximately $374 million during the quarter, driven by net proceeds from a private placement [25][26] - Q1 loss from operations was $11.6 million, with a year-over-year increase in operating expenses of about $8 million [26] - The net loss totaled $6.5 million, up approximately $3 million from the prior year, with interest income of around $5 million contributing to a lower net loss compared to operational losses [27] Business Line Data and Key Metrics Changes - The KRONOS MMR project continues to advance towards licensing and construction, with site characterization and drilling completed at the University of Illinois [5][14] - A formal MOU was signed with the University of Illinois, detailing next steps for the KRONOS project [6][14] - The company signed a feasibility study agreement with BaRupOn to evaluate the deployment of KRONOS MMR systems for their AI data center, highlighting scalability potential [6][16] Market Data and Key Metrics Changes - The State of Illinois announced $6.8 million in incentive awards for advanced nuclear technology, indicating growing support for the sector [6] - The company is expanding its pipeline of potential customers across data centers, industrial, and military applications, reflecting increasing interest in KRONOS [7][17] Company Strategy and Development Direction - The company focuses on vertical integration across the nuclear fuel supply chain to expedite reactor deployment and enhance long-term economics [4][5] - The strategic affiliate, LIS Technologies, is investing $1.38 billion to build a commercial enrichment facility, reinforcing the company's commitment to securing its nuclear fuel supply chain [8][23] - The company aims to submit a construction permit application to the NRC in the coming months, targeting initial construction at the University of Illinois by mid- to late 2027 [12][14] Management's Comments on Operating Environment and Future Outlook - Management believes that the demand for reliable baseload energy will drive a global nuclear renaissance, supported by trends in AI data centers and energy sustainability [9][10] - The company views 2026 as a pivotal year with multiple potential catalysts for shareholder value creation, including regulatory licensing progress and commercial announcements [12][13] - Management emphasizes the importance of addressing supply chain challenges, particularly regarding nuclear-grade graphite and fuel supply, to ensure timely reactor deployment [60][62] Other Important Information - The company raised $400 million through a private placement, strengthening its balance sheet and operational runway [8] - NANO Nuclear was added to the Morgan Stanley National Security Index, enhancing visibility among institutional investors [9] Q&A Session Summary Question: What milestones should be expected from the strategic alliance with DS Dansuk? - The company is working on establishing a manufacturing facility in Korea and plans to advance the MOU into critical planning stages, with potential contracts for power agreements in the future [31][35] Question: Will there be a strong EPC partnership in North America? - The company is focusing on mass manufacturing and local construction coordination, with partnerships being explored with Ameresco and others for deployment [36][38] Question: Is the construction permit application on track for the first half of the year? - The application is on track, and the company plans to announce its submission, which is a significant differentiator in the market [39][40] Question: Can you elaborate on pathways to accelerate the 2030 timeline for the UIC project? - The company is considering government pressures to expedite licensing timelines and is focused on mass manufacturing capabilities to meet future demand [45][48] Question: What are the challenges in the supply chain that need to be addressed? - The company identifies nuclear-grade graphite and fuel supply as critical long lead items that require early engagement to mitigate risks [60][62] Question: What is the status of discussions regarding fuel supply and strategic opportunities? - The company is actively pursuing partnerships and acquisitions to secure fuel supply, with significant progress expected in the near future [70]

RT Kekius Maximus (@Kekius_Sage)One year ago (Feb 7, 2025), NASA’s Curiosity rover stood on Mount Sharp and captured a panoramic view looking down into Gale Crater.Yes, this is Mars, about 140 million miles away. https://t.co/9TCHxhkDk9 ...

Join us LIVE from NASA Kennedy Space Center in Florida for the 2nd Wet Dress Rehearsal of Artemis II; one of the final tests ahead of launch!! This stream will begin just ahead of the start of Tanking Operations | Time Subject to Change The upcoming wet dress rehearsal is a prelaunch test to fuel the rocket. During the rehearsal, teams demonstrate the ability to load more than 700,000 gallons of cryogenic propellants into the rocket, conduct a launch countdown, and practice safely removing propellant from t ...

Join us LIVE from NASA Kennedy Space Center in Florida for the 2nd Wet Dress Rehearsal of Artemis II; one of the final tests ahead of launch!! This stream will begin just ahead of Call to Stations for Launch Control | Time Subject to Change The upcoming wet dress rehearsal is a prelaunch test to fuel the rocket. During the rehearsal, teams demonstrate the ability to load more than 700,000 gallons of cryogenic propellants into the rocket, conduct a launch countdown, and practice safely removing propellant fr ...

NASA's Crew-12 arrives at International Space Station For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Subscribe to Here's the Scoop podcast: https://www.nbcnews.com/heres-the-scoop-daily-podcast Every day, NBC News helps people understand what’s happening and why it matters — through fact-based reporting, meaningful conversations, and powerful stories. From its leading news broadcasts ...

Right now on Morning News Now, new details. Nearly two weeks after the disappearance of Nancy Guthrie, the mother of our NBC News colleague Savannah, the FBI is increasing its reward for any information connected to her abduction. And for the first time, they're sharing new details of the person seen in this doorbell camera footage, including the mass suspect's gender and height.We're going to have expert analysis on the investigation and where the search stands this morning. Escalating tensions. Two US off ...

@NASA The first stage booster supporting Crew-12 returned to Earth and completed the first landing on Landing Zone 40 https://t.co/cIukZrgBPS ...

Falcon 9 launches @NASA’s Crew-12, Dragon’s 20th human spaceflight mission https://t.co/d3pEI23S5z ...

Watch as SpaceX lands Falcon 9 B1101.2 after successfully launching NASA Crew 12 to the International Space Station for the first time at the new Landing Zone at SLC-40, Cape Canaveral Space Force Station, Florida. #SpaceX #Falcon9 #nasa #CREW12 Join our community Discord! https://discord.com/invite/xCm9UpDPE4 This coverage is made possible by our amazing community! Consider becoming a The Launch Pad Member and go behind the scenes with early video access, behind the scenes live streams and more! SUBSCRIBE ...

Meet the crew flying on Dragon for @NASA’s Crew-12 mission to the @Space_Station → https://t.co/RURjWg8oYn https://t.co/QV4ccku13D ...