Last week, a C-17 airlifted a small nuclear reactor from California to a US Air Force base in Utah. The effort was a collaboration of the DoD and the DoE, as they evaluated the Valar Atomics unit asSean Daly writes on ETFs, biotech and FINTECH solutions in the banking space. He teaches international finance and financial risk management at Pace University and was a visiting lecturer at Princeton University from 2005 to 2009. He was educated at Columbia University. He has also written extensively on real est ...

France Nuclear Pivot Serves as Catalyst for NUKZFrance has fundamentally shifted its energy strategy, providing a significant tailwind for the nuclear sector.In a reversal of previous policy that aimed to shut down 14 reactors, the French government — via state-owned and dominant power producer EDF — [announced] it will instead extend the lives of its existing fleet and construct at least six new EPR2 reactors.This nuclear renaissance is backed by substantial capital. [Recent reports] indicate that EDF has ...

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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 [28] - The Q1 loss from operations was $11.6 million, with a year-over-year increase in operating expenses of about $8 million [28] - The net loss totaled $6.5 million, up approximately $3 million from the prior year, with interest income of about $5 million contributing to a lower net loss compared to operational losses [29] Business Line Data and Key Metrics Changes - The KRONOS MMR project is advancing towards licensing and construction, with site characterization and drilling completed at the University of Illinois [5][15] - A feasibility study agreement was signed with BaRupOn to evaluate the deployment of KRONOS MMR systems for up to 1 GW of power for their AI data center [7][17] - The company is expanding its pipeline of potential customers across data center, industrial, and military applications, reflecting growing interest in KRONOS [8][18] Market Data and Key Metrics Changes - The State of Illinois announced $6.8 million in incentive awards for the company, indicating growing support for advanced nuclear technology [7] - The company is exploring localization and manufacturing opportunities in South Korea through a partnership with DS Dansuk, a leading industrial enterprise [8][20] 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 in Tennessee, reinforcing the company's commitment to securing its nuclear fuel supply chain [9] - 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 [14][15] Management's Comments on Operating Environment and Future Outlook - Management believes that the demand for reliable baseload energy is increasing, driven by trends such as AI data centers and industrial reshoring [10][11] - The company views 2026 as a pivotal year with multiple potential catalysts for shareholder value creation, including regulatory licensing progress and commercial announcements [13][14] - Management emphasizes the importance of reliable, clean baseload energy as a strategic necessity, aligning the KRONOS MMR with national priorities and customer needs [12][13] Other Important Information - The company raised $400 million through a private placement, strengthening its balance sheet and extending its operational runway [9] - The company was added to the Morgan Stanley National Security Index, enhancing visibility among institutional investors [10] Q&A Session Summary Question: What milestones should be expected from the strategic alliance with DS Dansuk? - Management indicated that the partnership aims to address power bottlenecks in South Korea, with plans for local manufacturing facilities and increased engagement with government and industrial partners [33][34] Question: Will there be a strong EPC partnership in North America? - Management acknowledged the importance of EPC partnerships for mass manufacturing and deployment, with ongoing discussions with Ameresco and other contractors [37][38] Question: Is the construction permit submission on track for the first half of the year? - Management confirmed that the construction permit application is on track for submission in the first half of the year, emphasizing its significance in differentiating the company from competitors [40][42] Question: Can you elaborate on potential pathways to accelerate the 2030 timeline for the UIC project? - Management noted that government pressure on the NRC could expedite licensing timelines, but they prefer to maintain conservative estimates for project completion [46][47] Question: What options are being considered for the LOKI MMR reactor design? - Management explained that the LOKI reactor is being positioned for space power applications, with interest from organizations like NASA and Blue Origin, and they are seeking partnerships in the space industry [52][54] Question: What are the most challenging parts of the supply chain that need to be addressed? - Management highlighted nuclear-grade graphite and fuel supply as critical components with longer lead times, emphasizing the need for early engagement with suppliers [62][66]

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 [28] - Q1 loss from operations was $11.6 million, with a year-over-year increase in operating expenses of about $8 million [28] - The net loss totaled $6.5 million, up approximately $3 million from the prior year, with interest income of about $5 million contributing to a lower net loss compared to operational losses [29] 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][6] - A feasibility study agreement was signed with BaRupOn to evaluate the deployment of KRONOS MMR systems for up to 1 GW of power [7][17] - The company is expanding its pipeline of potential customers across data center, industrial, and military applications, reflecting growing interest in KRONOS [8][18] Market Data and Key Metrics Changes - The State of Illinois announced $6.8 million in incentive awards for the company, indicating growing support for advanced nuclear technology [7] - The company is advancing discussions with numerous supply chain partners for key components and long lead items, as well as commercial enrichment providers [7][9] 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 in Tennessee, reinforcing the company's commitment to securing its nuclear fuel supply chain [9][26] - 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 [14][15] Management's Comments on Operating Environment and Future Outlook - Management believes that the demand for reliable baseload energy is growing, particularly for AI data centers and industrial applications, which will drive the need for solutions like KRONOS [10][11] - The company views 2026 as a pivotal year with multiple potential catalysts for shareholder value creation, including regulatory licensing progress and commercial announcements [13][14] - Management emphasizes the importance of addressing power availability and grid expansion challenges, positioning KRONOS as a solution to meet expected demand growth [12][13] Other Important Information - The company raised $400 million through a private placement, significantly strengthening its balance sheet and extending its operational runway [9] - The company was added to the Morgan Stanley National Security Index, enhancing visibility among institutional investors [10] Q&A Session Summary Question: What milestones should be expected from the strategic alliance with DS Dansuk? - Management indicated that the partnership aims to address power bottlenecks in South Korea, with plans for a centralized manufacturing facility and further engagement with local stakeholders [33][34] Question: Will there be a strong EPCM partnership in North America? - Management confirmed the importance of EPCM partnerships for coordinating local construction crews and deploying reactors effectively [37][38] Question: Is the construction permit application on track for the first half of the year? - Management affirmed that the application is on track and emphasized the significance of this milestone for the company's credibility in the market [40][42] Question: Can you elaborate on the potential pathways to expedite the 2030 timeline for the UIC project? - Management noted that government pressure on the NRC could expedite licensing timelines, but they prefer to maintain conservative estimates [46][49] Question: What options are being considered for the LOKI MMR reactor design? - Management explained that LOKI is being positioned for space power applications and is seeking partnerships with companies experienced in the space industry [52][54] Question: What are the most challenging parts of the supply chain that need to be addressed? - Management highlighted the need for nuclear-grade graphite and fuel supply as critical long lead items that require early engagement [62][66]

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]

NANO Nuclear Q1 2026 Financial Results & Business Update Call February 17 t h 2026 © 2026 NANO Nuclear Energy, Inc. All rights reserved. Cautionary Note Regarding Forward -Looking Statements This presentation and statements of NANO Nuclear's management in connection with this presentation contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-l ...

This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Dive Brief: Specialty chemicals manufacturer Solstice Advanced Materials is expanding uranium hexafluoride production at its facility in Metropolis, Illinois, this year, per a Feb. 11 press release. The capacity increase is projected to produce more than 10 kilotonnes of the radioactive substance used to manufacture fuel for nuclear power plants. Sols ...

February 10, 2026 Fourth Quarter & Full Year 2025 Earnings Presentation Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate", "believe", "continue", "could", "estimate", "expect", "hope", "intend", "may", "might", "plan", "possible", "potential", "predict", "project", "should", "strive", "seeks", "plans", "would", "will", "understand" and similar words are i ...

Financial Data and Key Metrics Changes - Revenue for the quarter was $3.2 billion, reflecting normalized growth of 3% year-over-year [7][20] - Adjusted EBITDA was $263 million, with margins of 8.1%, a 40 basis points increase year-over-year [20] - Adjusted diluted earnings per share increased by 6% to $0.54 [7][20] Business Line Data and Key Metrics Changes - Digital Solutions revenue was $1.34 billion, representing 4% growth, and adjusted EBITDA increased to $103 million with margins of 7.7% [20] - Global Engineering Solutions revenue was $1.9 billion, with adjusted EBITDA of $160 million and margins of 8.4%, reflecting an 80 basis points year-over-year increase [20] Market Data and Key Metrics Changes - The company reported $3.3 billion in net bookings, resulting in a book-to-bill ratio of 1x for the quarter and 1.1x for the last 12 months [8] - The backlog grew by 4% to over $47 billion, with $23 billion in proposals awaiting award [8] Company Strategy and Development Direction - The company is focused on three accelerating growth markets: space systems and technologies, critical digital infrastructure, and global nuclear energy, which are expected to drive long-term growth [12][14] - Amentum aims to prioritize higher-margin work and has seen significant contract wins in the nuclear energy sector, including a $730 million contract with EDF Energy [10][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal year 2026 outlook and long-term strategic growth objectives despite challenges from the government shutdown [5][16] - The company anticipates strong free cash flow in the second quarter and remains confident in meeting full-year guidance [22][24] Other Important Information - The company has a healthy liquidity position with $247 million in cash and an undrawn $850 million revolver [22] - A recent credit rating upgrade from Moody's is expected to reduce interest expenses and enhance financial flexibility [23] Q&A Session Summary Question: Free cash flow progression through the year - Management noted that Q1 cash performance was impacted by timing-related issues, including an additional pay cycle and government holiday closures, but expects strong free cash flow in the second quarter [28][29] Question: Award outlook by end market - Management highlighted an uptick in funded backlog and expressed confidence in achieving a full-year book-to-bill greater than one, with significant awards expected from accelerating growth markets [32][34] Question: Nuclear business contribution to revenue and profit growth - Management indicated that while nuclear represents a smaller portion of overall revenue, recent contract awards are expected to positively impact margins over time [38][39] Question: Cash flow requirements for joint ventures - Management explained that the large contributions to equity method investments in Q1 were due to initial capital contributions for joint ventures, which are not expected to continue at that level [45] Question: Margin performance in Global Engineering Solutions - Management attributed the improved margins to strategic prioritization of higher-margin work and strong program performance, while also acknowledging the impact of government shutdown timing [46][47] Question: Opportunities and challenges in NASA contracts - Management expressed excitement about supporting NASA's Artemis II mission and emphasized alignment with new leadership's focus on successful mission delivery and cost constraints [81][83]