Business Overview - NuScale is progressing with the RoPower FEED Phase 2 project in Doicești, Romania, which involves considering a 6-module SMR plant with 462 MW installed capacity[8] - NuScale is the only SMR technology with U S Nuclear Regulatory Commission ("NRC") design certification and is on track for Standard Design Approval for 77MW uprate by mid-2025[11] - Additional Long Lead Materials order was placed in December 2024 to support 12-module commercial deployment in the early 2030s[11] - NuScale technology enables proximity to facility, eliminates hydrogen transportation costs and provides carbon-free dedicated sources of hydrogen with high-capacity factors[24] Market Opportunity - U S power demand is expected to increase approximately 6 times in the next 20 years compared to the past 20 years[13] - Data centers are expected to triple energy use in the next three years and are forecasted to be 12% of U S electricity consumption in 2028[15] - 40% of remaining U S coal-fired capacity, or 80 6 GW, is set to close by the end of 2030[21] Financial Performance - NuScale's Q4 2024 revenue was $34 2 million[26] - NuScale's average quarterly operating expense decreased from $69 9 million in 2023 to $42 7 million in 2024, generating annualized savings of $108 6 million[27] - NuScale closed 2024 at a share price of $17 93, resulting in a full-year non-cash warrant expense of $223 0 million[27] - As of December 31, 2024, the total shares outstanding were 277 1 million[28]

Core Viewpoint - Oklo Inc experienced a significant stock market fluctuation, dropping 13.37% before rebounding with a 12.65% increase following its announcement of participation in the U.S. Department of Energy's Voucher Program [1][2]. Group 1: Company Developments - Oklo's participation in the DOE Voucher Program will support the evaluation and testing of advanced structural materials for its Aurora powerhouse, enhancing scalability, supply chains, and manufacturing [2]. - The collaboration with Oak Ridge National Laboratory is expected to refine fast reactor technologies, enabling Oklo to provide scalable and cost-effective clean energy solutions [3]. - The company has a pipeline of 14 gigawatts of announced customers and partners, positioning it to meet growing energy demands across various applications [3]. Group 2: Market Performance - Despite being 36.09% below its 2025 price target of $55.49, Oklo's stock remains 65.82% up year-to-date and has increased by 316.62% over the last 12 months [8]. - The stock's performance reflects a bullish sentiment, bolstered by the company's strategic partnerships and management setup, including the involvement of Sam Altman from OpenAI [6][7]. Group 3: Strategic Context - The anticipated support from the DOE has been in the works, as indicated by a previous press release regarding a board member's departure to a government position [5]. - The overall energy strategy under the Trump administration and significant investments in AI infrastructure suggest a favorable environment for Oklo's business expansion [7].

Financial Data and Key Metrics Changes - For the full year 2024, the company achieved $442 million in revenue, a year-over-year increase of nearly 40% compared to 2023, which was $321.2 million [23][24] - The gross profit for 2024 was $111.5 million, slightly down from $112.1 million in the prior year [24][26] - Net income for 2024 was $73.2 million, compared to $84.4 million in 2023 [23][24] - The company ended the year with an unrestricted cash balance of $671.4 million, bolstered by strategic initiatives and capital raises [28] Business Line Data and Key Metrics Changes - The Low Enriched Uranium (LEU) segment generated $349.9 million in revenue, an increase of $80.9 million compared to 2023, driven by growth in uranium and Separative Work Unit (SWU) revenue [24][26] - The Technical Solutions segment reported $92.1 million in revenue, an increase of $40.9 million compared to the previous year, with a gross profit of $17.6 million, up by $10.6 million [26][27] - The cost of sales in the LEU segment increased from $163.9 million in 2023 to $256 million in 2024, primarily due to higher average SWU and uranium costs [25][26] Market Data and Key Metrics Changes - The company’s total backlog reached $3.7 billion, with the LEU segment backlog at approximately $2.8 billion, including $800 million of future SWU and uranium deliveries [27] - The Technical Solutions segment backlog was approximately $900 million, which includes funded amounts, unfunded amounts, and unexercised options [27] Company Strategy and Development Direction - The company aims to restore America's ability to enrich uranium, focusing on domestic production to meet energy and national security needs [6][13] - Recent contract awards from the Department of Energy (DOE) are expected to support the restart of American uranium enrichment, reducing dependence on foreign sources [11][12] - The company is investing $60 million to resume centrifuge manufacturing and expand capacity at its Oak Ridge facility, reinforcing its first mover advantage [18][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing bipartisan support for nuclear energy and significant federal investments in domestic nuclear fuel production [30][33] - The company is positioned to capitalize on the growing demand for enriched uranium, especially with the upcoming ban on imports from Russia starting in 2028 [19][20] - Management emphasized the importance of public-private partnerships to support domestic enrichment capabilities and job creation [16][32] Other Important Information - The company has secured approximately $2 billion in customer contingent LEU sales commitments, indicating strong market demand [21] - The company has received approval for $62.4 million in investment tax credits for its manufacturing facility, contingent on meeting certain requirements [29] Q&A Session Summary Question: Follow-up on DOE contracts and task orders - Management indicated that while there is forward movement on task orders, they cannot speculate on timing [35][36] Question: Details on the $60 million investment - The investment is aimed at readiness and preparation for upcoming task orders, ensuring the company can respond quickly [39][40] Question: High uranium sales in Q4 - The high revenue was attributed to taking advantage of market opportunities rather than selling inventory [46] Question: Timeline for the first commercial cascade - The $60 million investment officially starts the 42-month timeline for bringing on the first commercial cascade [51] Question: Investment tax credit details - The company explained that the investment tax credit can be realized over approximately four years, contingent on meeting specific conditions [57]

Registration No. 333-[_______] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 As filed with the U.S. Securities and Exchange Commission on October 21, 2024. FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 NANO NUCLEAR ENERGY INC. (Exact Name of Registrant as Specified in its Charter) (Primary Standard Industrial Classification Code Number) Nevada 4911 88-0861977 (I.R.S. Employer Identification No.) 10 Times Square, 30Floor New York, New York 10018 (212) 634-9206 (Ad ...

As filed with the U.S. Securities and Exchange Commission on July 9, 2024. Registration No. 333-[_______] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 NANO NUCLEAR ENERGY INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Nevada 4911 88-0861977 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 10 Times ...

(State or other jurisdiction of incorporation or organization) Nevada 4911 88-0861977 (Primary Standard Industrial Classification Code Number) As filed with the U.S. Securities and Exchange Commission on April 23, 2024. Registration No. 333-278076 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No.2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 NANO NUCLEAR ENERGY INC. (Exact Name of Registrant as Specified in its Charter) (I.R.S. Employer Identificati ...

As filed with the U.S. Securities and Exchange Commission on April 10, 2024. Registration No. 333-278076 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No.1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 NANO NUCLEAR ENERGY INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Nevada 4911 88-0861977 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identificati ...

As filed with the U.S. Securities and Exchange Commission on March 19, 2024. Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 NANO NUCLEAR ENERGY INC. (Exact Name of Registrant as Specified in its Charter) Joseph M. Lucosky, Esq. Scott E. Linsky, Esq. Lucosky Brookman LLP 101 Wood Avenue South, 5th Floor Woodbridge, NJ 08830 Tel. No.: (732) 395-4400 Fax No.: (732) 395-4401 (State or other jurisdi ...