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NANO Nuclear Rebrands its Canadian KRONOS MMR™ Business as True North Nuclear As it Seeks to be the Leading North American Advanced Nuclear Microreactor Developer
Globenewswire· 2025-10-28 12:00
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]
NANO Nuclear Signs CRADA with Idaho National Laboratory to Support Its Advanced Nuclear Reactor Development
Newsfile· 2025-09-04 11:00
Core Viewpoint - NANO Nuclear Energy Inc. has signed a Cooperative Research and Development Agreement (CRADA) with Idaho National Laboratory (INL) to advance its nuclear reactor development, particularly focusing on its KRONOS MMR™ and LOKI MMR™ systems [1][2][5]. Group 1: Agreement Details - The ten-year CRADA aims to support NANO Nuclear in building, testing, and commercializing its advanced nuclear microreactors [2]. - The agreement allows NANO Nuclear to utilize INL's expertise and facilities to enhance reactor design, materials qualification, regulatory licensing, and deployment processes [2][4]. Group 2: Strategic Importance - This collaboration is seen as a significant step towards achieving commercial readiness for NANO Nuclear's technologies, which are designed to meet the increasing demand for clean and modular energy solutions across various sectors [6][7]. - NANO Nuclear's microreactor technologies are targeted for applications in defense, government, space, AI data centers, and commercial sectors [6]. Group 3: Company Overview - NANO Nuclear Energy Inc. is focused on becoming a diversified and vertically integrated company in the nuclear energy sector, with business lines including microreactor technologies, nuclear fuel fabrication, and consulting services [9]. - The company is recognized as the first portable nuclear microreactor company publicly listed in the U.S. [9]. Group 4: Future Developments - NANO Nuclear's lead project, the KRONOS MMR™, is a stationary high-temperature gas-cooled reactor currently in the pre-application phase with the U.S. Nuclear Regulatory Commission [10]. - The company is also exploring commercial applications of its microreactor technology in space through its subsidiary, NANO Nuclear Space Inc. [14].
NANO Nuclear Files Six New Patent Applications Related to its Proprietary ZEUS™ Microreactor
GlobeNewswire News Room· 2025-05-30 12:30
Core Viewpoint - NANO Nuclear Energy Inc. has filed six new utility patent applications for its ZEUS™ microreactor, emphasizing its commitment to enhancing its intellectual property portfolio and advancing the nuclear reactor industry [1][5]. Company Overview - NANO Nuclear Energy Inc. is a publicly listed advanced technology-driven nuclear energy company in the U.S., focusing on five business lines: portable microreactor technologies, nuclear fuel fabrication, transportation, applications for space, and consulting services [6]. Product Development - The ZEUS™ microreactor is designed as a solid-core battery reactor with a fully sealed core, utilizing a highly conductive moderator matrix to dissipate fission heat, which minimizes risks associated with coolant accidents [2][4]. - The design allows the reactor and support systems to fit within a standard shipping container, enhancing transportability to areas without conventional energy infrastructure [4]. Strategic Goals - The patent applications aim to protect key processes and components of the ZEUS™ microreactor, which will benefit both the company's program and the broader advanced nuclear reactor industry [5]. - The company is working towards commercializing next-generation microreactors, with a focus on transitioning from development to market readiness [5]. Subsidiaries and Future Plans - Advanced Fuel Transportation Inc. (AFT), a subsidiary, aims to build a North American transportation company for HALEU fuel, targeting small modular reactors and national laboratories [8]. - HALEU Energy Fuel Inc. (HEF) is focused on developing a domestic source for HALEU fuel fabrication for NANO Nuclear's microreactors and the advanced nuclear industry [9]. - NANO Nuclear Space Inc. (NNS) is exploring commercial applications of micronuclear reactor technology in space, including power systems for extraterrestrial projects [10].