New York, New York--(Newsfile Corp. - February 24, 2026) - NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or "the Company"), a leading advanced nuclear micro modular reactor (MMR) and technology company focused on developing clean energy solutions, today announced that it has signed a Memorandum of Understanding (MOU) with EHC Investment L.L.C (EHC), a diversified United Arab Emirates (UAE) investment holding company based in Abu Dhabi, to explore a joint venture aimed at deploying micro modular re ...

Core Viewpoint - NANO Nuclear Energy Inc. has appointed Sarah Lennon as its International Nuclear Policy Advisor, aiming to enhance its engagement in nuclear energy policy and regulatory frameworks to support the development of its clean energy projects [1][4][8]. Company Overview - NANO Nuclear Energy Inc. is a North American advanced technology-driven nuclear energy company focused on becoming a commercially diversified and vertically integrated entity across five business lines: microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services [8][9]. Appointment of Sarah Lennon - Sarah Lennon brings three decades of experience in national security and nuclear energy policy, having served in various senior roles within the U.S. Government, including the Department of Energy (DOE) and the National Nuclear Security Administration (NNSA) [2][5]. - Her previous roles include Senior Policy Advisor for Strategic Planning at NNSA and Director for Bilateral and Multilateral Cooperation at DOE's Office of Nuclear Energy, where she advanced U.S. engagement on global nuclear energy and nonproliferation issues [3][5]. Strategic Importance - The appointment of Sarah Lennon is seen as a significant asset for NANO Nuclear as it seeks to engage with international stakeholders and advance its lead project, the KRONOS MMR™ modular microreactor energy system [4][8]. - The company emphasizes that her insights and leadership will strengthen its policy strategy and support the responsible development of its proprietary technologies [4][8]. Future Developments - NANO Nuclear is developing several advanced nuclear reactor products, including the KRONOS MMR™ Energy System, ZEUS™, and the portable LOKI MMR™, which are designed to provide clean energy solutions [9]. - The company is also working on establishing a domestic source for High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication through its subsidiary HALEU Energy Fuel Inc. (HEF) [11].

Core Viewpoint - NANO Nuclear Energy Inc. has appointed Michael Montecalvo as Licensing Director, enhancing its regulatory and licensing capabilities as it develops advanced nuclear microreactors [1][2][4]. Group 1: Appointment and Experience - Michael Montecalvo brings over 30 years of experience in the nuclear field, including roles in military, government, and industry, and has previously worked with the U.S. Nuclear Regulatory Commission (NRC) [3][7]. - His experience includes being a Technical Reviewer, Risk and Reliability Analyst, and Senior Reactor Analyst at the NRC, supporting technical reviews and risk assessments for operating reactors [7]. Group 2: Role and Responsibilities - In his new role, Montecalvo will lead NANO Nuclear's licensing strategy and regulatory engagement, crucial for the progression of the company's products and technologies towards licensing and commercial deployment [3][9]. - His leadership is expected to support a disciplined and timely approach to navigating the NRC's licensing process, including engineering design, safety analysis, and environmental review [9]. Group 3: Company Overview and Future Plans - NANO Nuclear is focused on developing a suite of proprietary modular nuclear microreactors, including the KRONOS MMR, LOKI MMR, and ZEUS, and is preparing to initiate the formal licensing process for the KRONOS MMR Energy System [2][11]. - The company aims to become a vertically integrated entity across five business lines, including microreactor technologies and nuclear fuel fabrication [10].

Core Insights - NANO Nuclear Energy Inc. is participating in Needham's 28th Annual Growth Conference on January 13, 2026, in New York, showcasing its advancements in clean energy solutions [1][2] Company Overview - NANO Nuclear Energy Inc. is a North American advanced technology-driven nuclear energy company aiming to be a commercially focused, diversified, and vertically integrated entity across five business lines: portable microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services [3] Product Development - The company is developing several advanced reactor products, including the KRONOS MMR Energy System, a high-temperature gas-cooled reactor, the portable solid core battery reactor "ZEUS," and the portable LOKI MMR for space applications, all representing significant advancements in clean energy solutions [4] Subsidiaries and Operations - Advanced Fuel Transportation Inc. (AFT), a subsidiary, aims to build a North American transportation company for HALEU fuel, with exclusive licensing of a patented high-capacity HALEU fuel transportation basket developed by U.S. national laboratories [5] - HALEU Energy Fuel Inc. (HEF) is focused on developing a domestic source for a HALEU fuel fabrication pipeline for NANO Nuclear's microreactors and the broader advanced nuclear reactor industry [6] - NANO Nuclear Space Inc. (NNS) is exploring commercial applications of micronuclear reactor technology in space, focusing on systems like the LOKI MMR for extraterrestrial projects and propulsion technology for long-haul space missions [7]

Core Viewpoint - NANO Nuclear Energy Inc. successfully had a federal securities class action lawsuit dismissed, following a related shareholder derivative lawsuit dismissal, indicating a positive legal outcome for the company and its leadership [1][2][10]. Legal Developments - The United States District Court for the Southern District of New York granted NANO Nuclear's motion to dismiss the securities class action lawsuit, which challenged the qualifications of the company's team and its microreactor development prospects [1]. - The dismissal of the securities lawsuit occurred after a related shareholder derivative lawsuit was also dismissed in April 2025, showcasing a trend of favorable legal outcomes for NANO Nuclear [1]. Company Overview - NANO Nuclear Energy Inc. is a North American advanced technology-driven nuclear energy company focused on developing clean energy solutions through micro modular reactors (MMRs) [3]. - The company aims to become a diversified and vertically integrated entity across five business lines, including microreactor technologies, nuclear fuel fabrication, transportation, applications for space, and consulting services [3]. Product Development - NANO Nuclear is developing several advanced reactor products, including the KRONOS MMR Energy System, a high-temperature gas-cooled reactor, and portable reactors like "ZEUS" and "LOKI" [4]. - These products represent significant advancements in clean energy solutions, emphasizing the company's commitment to innovation in the nuclear sector [4]. Subsidiaries and Strategic Focus - Advanced Fuel Transportation Inc. (AFT), a subsidiary of NANO Nuclear, aims to provide commercial quantities of High-Assay, Low-Enriched Uranium (HALEU) fuel to various sectors, including small modular reactors and military applications [5]. - HALEU Energy Fuel Inc. (HEF) is focused on developing a domestic source for HALEU fuel fabrication, supporting both NANO Nuclear's microreactors and the broader advanced nuclear reactor industry [6]. - NANO Nuclear Space Inc. (NNS) is exploring commercial applications of micronuclear reactor technology in space, targeting projects that require power systems for extraterrestrial environments [7].

Core Insights - NANO Nuclear Energy Inc. has signed a Memorandum of Understanding (MOU) with the University of Illinois Urbana-Champaign to collaborate on the development, construction, and operation of its KRONOS MMR™ microreactor on campus, marking a significant step in advancing nuclear energy technology in the U.S. [1][2][10] Company and Project Overview - The MOU extends the existing relationship between NANO Nuclear and the University of Illinois, building on a prior research agreement that supports the design and regulatory licensing of the KRONOS MMR™ prototype [2][3]. - The primary objective of the project is to deploy the KRONOS MMR™ microreactor safely and efficiently, aligning with Illinois' energy strategy and carbon-reduction targets as outlined in the Climate and Equitable Jobs Act (CEJA) [3][4]. Collaboration and Operational Structure - NANO Nuclear and the University of Illinois will establish joint project and operations steering committees to oversee technical coordination, safety compliance, and long-term operational planning [5]. - The University of Illinois will support regulatory engagements with the U.S. Nuclear Regulatory Commission and the State of Illinois, while NANO Nuclear will handle project execution, including engineering, site preparation, and reactor system installation [6][12]. Technological and Educational Impact - Upon completion, the University of Illinois will own and operate the first advanced microreactor on a U.S. university campus, collecting operational data to enhance research and educational programs [9]. - The KRONOS MMR™ is a high-temperature, gas-cooled microreactor designed for safety and reliability, with a modular architecture that allows for flexible deployment and scalable power output [11]. Future Growth and Development - NANO Nuclear plans to expand its workforce in Illinois, adding dozens of engineers to its Oak Brook facility, which serves as the development hub for the KRONOS MMR™ [12]. - The collaboration with the University of Illinois is expected to generate real-world operational data that will refine future deployment strategies and support regulatory processes [13].

Core Viewpoint - NANO Nuclear Energy Inc. celebrates its commercial partner LIS Technologies Inc. receiving a Radioactive Material License from the State of Tennessee, marking a significant milestone for the U.S. nuclear fuel supply chain and the development of advanced nuclear technologies [1][6]. Group 1: License and Technology Development - The Radioactive Material License allows LIST to procure uranium hexafluoride (UF₆) feedstock and advance research and development for a commercial uranium laser enrichment facility in the U.S. [2] - LIST is recognized as the only U.S.-origin developer of patented advanced laser technology for uranium enrichment, which is crucial for NANO Nuclear's fuel cycle capabilities [3]. Group 2: Collaboration and Strategic Importance - NANO Nuclear and LIST 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 market [3]. - The partnership aims to restore secure domestic enrichment capacity and support the next generation of advanced reactors, reinforcing a vertically integrated U.S. nuclear fuel platform [6]. Group 3: Government Support and Future Prospects - In late 2024, LIST was awarded a contract by the U.S. Department of Energy as part of a $3.4 billion initiative to enhance U.S. domestic enrichment capabilities, with NANO Nuclear serving as a key subcontractor [6]. - NANO Nuclear believes that LIST's laser enrichment technology has the potential to produce commercial quantities of Low Enriched Uranium (LEU) and High-Assay Low Enriched Uranium (HALEU) fuel in the future [6].

Core Viewpoint - NANO Nuclear Energy Inc. is set to host a Fiscal Year 2025 business update webcast on December 18, 2025, following the anticipated filing of its Annual Report for the fiscal year ending September 30, 2025 [1][2]. Company Overview - NANO Nuclear Energy Inc. is a North American advanced technology-driven nuclear energy company aiming to become a commercially focused, diversified, and vertically integrated entity across five business lines: portable microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services [4]. - The company claims to be the first publicly listed portable nuclear microreactor company in the U.S. [4]. Product Development - NANO Nuclear is developing several reactor products, including the KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor, and the portable solid core battery reactor "ZEUS," along with the space-focused portable LOKI MMR™ [5]. - These products represent advanced developments in clean energy solutions that are portable and on-demand capable [5]. Subsidiaries and Operations - Advanced Fuel Transportation Inc. (AFT), a subsidiary of NANO Nuclear, aims to build a North American transportation company to provide commercial quantities of High-Assay, Low-Enriched Uranium (HALEU) fuel to various sectors, including small modular reactors and military programs [6]. - HALEU Energy Fuel Inc. (HEF) is focused on developing a domestic source for HALEU fuel fabrication for NANO Nuclear's microreactors and the broader advanced nuclear reactor industry [7]. - NANO Nuclear Space Inc. (NNS) is exploring commercial applications of micronuclear reactor technology in space, focusing on systems like the LOKI MMR™ for extraterrestrial projects [8].

Core Insights - NANO Nuclear Energy Inc. has signed a Feasibility Study Agreement with BaRupOn LLC to evaluate the deployment of multiple KRONOS MMR units to generate 1 GW of nuclear energy at the Liberty American Multi-Sourced Power and Innovation Hub in Texas [1][3][4] - The feasibility study will assess power demand, reactor integration, and site suitability for the KRONOS MMR units [2][6] - BaRupOn anticipates a significant power squeeze due to increasing compute demand, particularly from the tech industry, and is willing to co-invest in the construction of NANO Nuclear's microreactors [3][4] Company Overview - NANO Nuclear is focused on developing advanced nuclear micro modular reactors and clean energy solutions, positioning itself as a key player in the North American advanced reactor market [1][14] - The KRONOS MMR is a high-temperature, gas-cooled microreactor designed for modular deployment, capable of powering large industrial campuses and data centers [7][8] - The collaboration with BaRupOn is seen as a strategic opportunity to address the growing energy needs of high-energy-intensive sectors, particularly in the context of AI and data centers [4][8] Industry Context - The demand for electricity in the tech industry, especially for high-performance computing and data centers, is expected to double within the decade, creating a need for reliable, emission-free power sources [8][21] - The LAMP hub is designed to support advanced manufacturing and AI data centers, highlighting the intersection of energy development and technological innovation [6][13] - The feasibility study represents a significant milestone in NANO Nuclear's roadmap for commercial deployment and could lead to further multi-reactor agreements across the U.S. [11]

Core Insights - NANO Nuclear Energy Inc. has successfully completed the first full tests of its proprietary Annular Linear Induction Pump (ALIP) at fluid temperatures of up to 350°C, marking significant progress towards commercialization [1][6][9] Technology Development - The ALIP is designed for thermal management in advanced nuclear energy platforms, utilizing high boiling-point coolants like molten salts and liquid metals, and employs electromagnetic pumping mechanisms for enhanced reliability [2][5] - Testing was conducted in collaboration with aRoboticsCompany to validate new features aimed at maximizing the pump's lifespan in maintenance-free environments such as space and nuclear applications [5][6] Commercialization Progress - The successful testing phase validates the core design and durability of the ALIP, positioning the company to advance towards pre-commercialization activities [6][8] - NANO Nuclear plans to enhance the ALIP's reliability and efficiency while reducing production costs through precision manufacturing processes and electromagnetic quality control systems [7][9] Future Outlook - The company is preparing to move into the next phase of the ALIP commercialization program, aiming to position the technology as a zero-maintenance alternative to mechanical molten-metal pumps for both terrestrial and space applications [8][9] - NANO Nuclear's long-term roadmap includes the development of various advanced nuclear technologies, including the KRONOS MMR™ Energy System and the portable LOKI MMR™ for space applications [10][11][15]