New York, N.Y., Dec. 12, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, today announced it will host its Fiscal Year 2025 business update webcast on Thursday, December 18, 2025, at 5:00 p.m. ET. The webcast will follow the anticipated filing of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025. Additional ...

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]

Core Insights - NANO Nuclear Energy Inc. has successfully completed initial full-system testing of its proprietary Annular Linear Induction Pump (ALIP), validating key design features aimed at long-term operational durability [1][5] - The ALIP is designed for advanced small and micro modular reactor applications, utilizing high boiling-point, high thermal-conductivity coolants [2][7] - The testing was conducted in collaboration with aRoboticsCompany, focusing on enhancing the pump's lifespan in maintenance-free environments such as space and undersea applications [4][5] Technology Development - The ALIP functions as a thermal management and distribution system, employing electromagnetic pumping mechanisms to improve reliability and reduce maintenance needs [2][9] - Recent tests confirmed the effectiveness of design modifications aimed at increasing magnetic field strength and overall system performance [5][9] - A full stack of precision manufacturing processes and electromagnetic quality control systems were validated, ensuring consistent production of ALIPs [6] Commercialization Progress - NANO Nuclear is moving towards the next phase of its ALIP commercialization program, positioning the technology as a zero-maintenance alternative to mechanical pumps [7][9] - The company aims to enhance the reliability, lifespan, and efficiency of the ALIP while reducing production costs [6] - The successful testing outcomes are expected to guide future design decisions and strengthen the company's long-term development roadmap [9] Company Overview - NANO Nuclear Energy Inc. is focused on becoming a diversified and vertically integrated company across multiple business lines, including microreactor technologies and nuclear fuel fabrication [10][11] - The company is developing several advanced reactor products, including the KRONOS MMR™ Energy System and the portable LOKI MMR™, aimed at clean energy solutions [11] - NANO Nuclear's subsidiaries are working on various aspects of the nuclear energy supply chain, including fuel transportation and space applications [12][14]

Core Viewpoint - NANO Nuclear Energy Inc. has rebranded its Canadian operations as True North Nuclear Inc. following the acquisition of Global First Power Limited, aiming to lead advanced nuclear modular microreactor development in North America [1][2][3] Company Developments - True North Nuclear will focus on constructing and seeking regulatory approval for the KRONOS MMR Energy System project in Canada, with plans to submit a License to Prepare Site to the Canadian Nuclear Safety Commission [3][4] - The company is also advancing pre-construction work for a KRONOS MMR research prototype at the University of Illinois Champaign-Urbana, with a construction permit application to the U.S. Nuclear Regulatory Commission planned for Q1 2026 [4][5] Strategic Goals - The rebranding reflects the company's commitment to innovation in nuclear energy and aims to position North America as a hub for next-generation nuclear technologies [3][5] - True North Nuclear is seen as a critical component of the company's strategy to lead advanced nuclear microreactor technologies across North America, leveraging Canada's supportive regulatory framework [5][6] Subsidiary Focus - NANO Nuclear operates several subsidiaries, including Advanced Fuel Transportation Inc., which aims to provide HALEU fuel to various sectors, and HALEU Energy Fuel Inc., focusing on domestic HALEU fuel fabrication [8][9] - NANO Nuclear Space Inc. is exploring commercial applications of micronuclear reactor technology for space missions, particularly focusing on cis-lunar applications [10]

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].

Core Viewpoint - NANO Nuclear Energy Inc. is celebrating the commencement of real-world work on its micro modular reactor prototype, the KRONOS MMR Energy System, in partnership with the University of Illinois Urbana-Champaign, marking a significant milestone in the development of advanced nuclear energy solutions [1][4][8]. Company Overview - NANO Nuclear Energy Inc. is a publicly listed advanced nuclear energy company focused on developing clean energy solutions, including portable microreactor technologies and nuclear fuel fabrication [11][12]. - The company aims to become a diversified and vertically integrated entity across five business lines, including nuclear applications for space and consulting services [11]. Project Details - The KRONOS MMR is designed to deliver 15 MWe (45 MWth) of carbon-free power, suitable for various applications such as artificial intelligence, data centers, and military uses [4][12]. - The reactor utilizes meltdown-resistant TRISO fuel and passive helium cooling, ensuring automatic safe shutdown without human intervention [4]. Milestone Ceremony - The milestone ceremony at the University of Illinois Urbana-Champaign includes remarks from key executives and stakeholders, emphasizing the project's importance for energy sovereignty and modernization of clean power infrastructure [5][9]. - The event highlights the collaboration with AECOM for site characterization and geotechnical activities, paving the way for construction and regulatory licensing [3][10]. Future Plans - NANO Nuclear plans to submit a construction permit application for the KRONOS MMR Energy System in the first quarter of 2026, utilizing geotechnical data from the ongoing site work [10].

Core Insights - NANO Nuclear Energy Inc. has finalized the acquisition of Global First Power Limited, enhancing its position as a leader in North American nuclear microreactor development [1][5][6] - The acquisition grants NANO Nuclear direct ownership of the regulatory licensing application for the KRONOS MMR™ Energy System demonstration project in Ontario, Canada [2][5] - NANO Nuclear aims to advance its licensing and construction programs concurrently in both the U.S. and Canada, establishing a strong North American footprint [7][8] Acquisition Details - The acquisition allows NANO Nuclear to continue the licensing process for the KRONOS MMR™ Energy System, building on GFPL's previous regulatory progress [5][9] - NANO Nuclear assumed a liability of approximately $640,000 owed by GFPL to the Canadian Nuclear Safety Commission (CNSC) as part of the acquisition [9] Strategic Implications - This acquisition is seen as a critical step towards establishing a leadership position in the North American microreactor market, enabling rapid advancement in licensing and construction [6][9] - NANO Nuclear is now positioned to leverage its capabilities in both the U.S. and Canada, facilitating the deployment of advanced microreactors [6][8] Project Development - Concurrently, NANO Nuclear has initiated site preparation activities for its project at the University of Illinois Urbana-Champaign, with a milestone ceremony scheduled for October 24 [7] - The company is focused on developing a portfolio of microreactors aimed at providing clean, reliable, and decentralized power for various applications [8][12]

Core Insights - NANO Nuclear Energy Inc. has announced plans to establish a manufacturing and research & development facility in Illinois, supported by a $6.8 million incentive award from the REV Illinois program [1][2][3] Group 1: Company Developments - The company will invest over $12 million to create 50 new full-time jobs in Illinois [2] - NANO Nuclear has acquired a 23,537-square-foot facility in the Chicagoland area, which includes a dedicated 7,400-square-foot non-nuclear demonstration area [3] - The facility will support collaboration with the University of Illinois Urbana-Champaign on the KRONOS MMR Microreactor Energy System [3][5] Group 2: Government and Economic Support - Governor JB Pritzker emphasized Illinois' competitive advantages in clean energy production, including a qualified workforce and infrastructure [3] - The REV Illinois program aims to foster innovation and sustainability in clean energy production and advanced manufacturing [5][6] - NANO Nuclear's establishment in Illinois aligns with the state's Economic Growth Plan and supports the growing clean energy economy [5][6] Group 3: Industry Context - NANO Nuclear is positioned as a leader in advanced nuclear energy technology, focusing on portable microreactor technologies and nuclear fuel fabrication [10][11] - The company aims to commercialize its KRONOS MMR Energy System, which is currently in the pre-application phase with the U.S. Nuclear Regulatory Commission [11] - NANO Nuclear's subsidiaries are involved in various aspects of the nuclear energy sector, including fuel transportation and space applications [12][14]

Core Insights - NANO Nuclear Energy Inc. is establishing a manufacturing and research facility in Illinois, supported by a $6.8 million incentive from the REV Illinois program [2][3][4] - The company plans to invest over $12 million and create 50 new full-time jobs in the state [3][4] - The facility will focus on the development of the KRONOS MMR™ Microreactor Energy System in collaboration with the University of Illinois Urbana-Champaign [4][5] Company Overview - NANO Nuclear Energy Inc. is a publicly listed advanced nuclear energy company focused on clean energy solutions and is the first portable nuclear microreactor company to be listed in the U.S. [6] - The company operates across five business lines: microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services [6] Facility Details - The new facility in the Chicagoland area spans 23,537 square feet, including a 7,400-square-foot non-nuclear demonstration area [4] - The facility will support nuclear engineers, component manufacturers, and researchers, enhancing collaboration with local academic institutions [4][5] Economic Impact - The establishment of NANO Nuclear's facility aligns with Illinois' Economic Growth Plan, promoting clean energy production and advanced manufacturing [5][6] - The state aims to attract cutting-edge companies and create high-quality jobs through initiatives like the REV Illinois program [5][6] Future Developments - NANO Nuclear is developing several reactor products, including the KRONOS MMR™, ZEUS™, and LOKI MMR™, which represent advancements in clean energy solutions [7][8] - The company is also focused on creating a domestic source for High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication through its subsidiaries [9][10]