New York, New York--(Newsfile Corp. - December 31, 2025) - 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, announced today that it has signed a Memorandum of Understanding (MOU) with the Board of Trustees of the University of Illinois on behalf of the University of Illinois Urbana-Champaign (U. of I.) to collaborate on the development, construction, and operation o ...

Core Insights - NANO Nuclear Energy Inc. congratulates its partner LIS Technologies for receiving a Radioactive Material License from the State of Tennessee, allowing LIS to procure uranium hexafluoride (UF₆) feedstock and advance its patented laser uranium enrichment technology [1][2][4] Group 1: Company Developments - LIS Technologies is the only U.S.-origin developer of patented advanced laser technology for uranium enrichment, enabling it to handle various forms of uranium and support technology development for a commercial uranium laser enrichment facility [2][3] - NANO Nuclear and LIS Technologies 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 industry [3][4] Group 2: Strategic Importance - The achievement of the Radioactive Material License is seen as a major milestone for the U.S. nuclear fuel supply chain, with NANO Nuclear emphasizing the importance of restoring domestic enrichment capacity for advanced reactors [4] - NANO Nuclear believes that LIST's laser enrichment technology could eventually produce commercial quantities of Low Enriched Uranium (LEU) and High-Assay Low Enriched Uranium (HALEU) fuel, contributing to U.S. domestic enrichment capabilities [4] Group 3: Financial and Regulatory Context - In late 2024, LIST was selected by the U.S. Department of Energy for a $3.4 billion contract aimed at expanding U.S. domestic commercial enrichment capabilities, with NANO Nuclear acting as a key subcontractor [4]

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 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 Insights - NANO Nuclear Energy Inc. will participate in ADIPEC 2025, the world's largest energy event, scheduled for November 3-6, 2025, in Abu Dhabi, UAE, which will host over 205,000 attendees [1][5][11] Company Participation and Events - Founder and Chairman Jay Yu will engage in multiple speaking sessions at ADIPEC 2025, discussing NANO Nuclear's micro modular reactor technology and its KRONOS MMR™ Energy System, which is under development in Illinois and Canada [6][13] - CEO James Walker will participate in two panel discussions at the EUCI Virtual Summit on November 5, 2025, focusing on the economics and financing of small modular reactors (SMRs) [7] - Walker will also speak at the 2025 Wharton Energy & Climate Conference on November 7, 2025, addressing the scaling of nuclear fleets [8][12] Industry Context - ADIPEC 2025 aims to address the dual imperative of building resilience in energy systems and scaling intelligent solutions for global progress amidst geopolitical complexities and population growth [3] - The event will feature high-level discussions among global leaders, emphasizing the convergence of energy and intelligence to drive impactful solutions [3] Company Overview - NANO Nuclear Energy Inc. is focused on becoming a diversified and vertically integrated company across five business lines, including microreactor technologies and nuclear fuel fabrication [15] - The company is developing advanced nuclear reactor products, including the KRONOS MMR Energy System and other modular, on-demand capable reactors [16]

Core Insights - NANO Nuclear Energy Inc. will participate in several key industry conferences, including ADIPEC 2025, which is recognized as the world's largest energy event, scheduled for November 3-6, 2025, in Abu Dhabi, UAE [2][9] - The company aims to showcase its micro modular reactor technology and engage in discussions about the future of energy, emphasizing the importance of nuclear power in the global energy mix [9][13] Company Participation - Founder and Chairman Jay Yu will be involved in a Global Strategy panel titled "Embracing a Multi-source Energy Revolution" and two leadership roundtables focused on grid capacity and low carbon technology [5][9] - CEO James Walker will participate in discussions at the EUCI Virtual Summit and the 2025 Wharton Energy & Climate Conference, addressing topics related to small modular reactors and the scaling of nuclear fleets [10][11][13] Industry Context - ADIPEC 2025 aims to address the dual imperative of building resilience in energy systems and scaling intelligent solutions for global progress, bringing together over 16,500 delegates and 1,800 speakers [4][9] - The event serves as a platform for leaders in the energy sector to discuss innovative and scalable solutions, highlighting the role of advanced nuclear technologies in meeting growing energy demands [4][9][13] Company Overview - NANO Nuclear Energy Inc. is focused on developing advanced nuclear technologies, including the KRONOS MMR™ Energy System, which is currently in the development and regulatory licensing phase in Illinois and Canada [14][15] - The company operates through various subsidiaries, including Advanced Fuel Transportation Inc. and NANO Nuclear Space Inc., which aim to provide fuel transportation solutions and explore applications of nuclear technology in space [16][18]

Core Insights - NANO Nuclear Energy Inc. is advancing its KRONOS Micro Modular Reactor (MMR) project, with a significant announcement from potential customer BaRupOn LLC regarding a feasibility study for deploying 15 KRONOS MMRs at a new facility in Texas [2][15] - The event at the University of Illinois highlighted strong institutional and commercial support for the KRONOS MMR project, emphasizing its technological readiness and potential applications across various sectors [3][5][6] Company Developments - NANO Nuclear has raised over $600 million since May 2024, indicating strong backing from institutional shareholders and a solid capital market position [5] - The KRONOS MMR prototype is designed for modular scalability, allowing for deployment in diverse markets, including remote operations and data centers, while addressing the challenges of conventional nuclear construction timelines [6][7] Technical Overview - The KRONOS MMR utilizes high-temperature gas-cooled reactor technology, featuring passive safety systems and a design that allows for reliable, off-grid power generation [7] - The reactor's modular design enables scalability from single units to larger clusters, which could lead to economies of scale in future developments [7] Market Demand - The energy requirements for AI-driven data centers are projected to increase significantly, with U.S. data-center power demand expected to rise from 41 GW in 2025 to 176 GW by 2035, highlighting the potential market for microreactors like KRONOS MMR [14] - BaRupOn LLC's planned campus will require over 1 gigawatt of power, demonstrating commercial interest in on-site nuclear generation solutions [15] Strategic Partnerships - NANO Nuclear is collaborating with the University of Illinois and has received support from various stakeholders, including state and federal policymakers, to advance the KRONOS MMR project [6][9] - Engineering and construction firms like Hatch Ltd. and PCL Construction are engaged in discussions to provide services for the KRONOS MMR prototype, emphasizing the project's critical role in the North American microreactor industry [12][13] National Security Applications - The KRONOS MMR is recognized for its potential applications in military settings, providing resilient, off-grid power for U.S. military installations, which is crucial for energy independence and cyber-resilient operations [16]

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].