New York, N.Y., July 10, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or "the Company"), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that Chief Executive Officer James Walker will participate in a fireside chat at H.C. Wainwright's Powering the Future: Advancing Innovation Through Nuclear Virtual Conference hosted by Sameer Joshi, Senior Cleantech Analyst at H.C. Wainwright, on July 15, 2025 at 9:00 ...

Core Viewpoint - NANO Nuclear Energy Inc. has appointed Matthew Barry as the new Director of Investor Relations to enhance communication with its investor base and support corporate initiatives [1][2][4]. Company Overview - NANO Nuclear Energy Inc. is focused on developing advanced nuclear energy solutions and aims to become a diversified, vertically integrated company across five business lines: portable microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services [9][10]. Leadership and Team Expansion - The appointment of Matthew Barry follows the addition of notable figures to the leadership team, including Seth Berl, Ph.D., and Rick Perry, which underscores the company's commitment to strong leadership and excellence in advanced nuclear technology [4][6]. - Matthew Barry brings over 10 years of experience in accounting, equity research, and investor relations, having previously worked at Deloitte and investment banks H.C. Wainwright and Cowen and Company [3][7]. Strategic Goals - The company aims to strengthen its dialogue with shareholders and enhance market awareness through transparent communication, leveraging Barry's expertise in capital markets [8][6]. - NANO Nuclear has been recognized for its achievements, including being the top-performing initial public offering in the U.S. in 2024, reflecting its growth and potential in the advanced nuclear sector [6].

New York, N.Y., June 10, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or "the Company"), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has appointed Rick Perry, former Governor of Texas and the United States Secretary of Energy from 2017 to 2019, as the Chairman of its Executive Advisory Board. NANO Nuclear has assembled a distinguished Executive Advisory Board comprised of high-level military ...

Core Viewpoint - NANO Nuclear Energy Inc. has appointed Dr. Seth Berl as an independent director, enhancing its leadership with nearly two decades of experience in technology and government, which is expected to drive the company's growth in advanced nuclear technology [1][6][10]. Company Overview - NANO Nuclear Energy Inc. is focused on developing clean energy solutions through advanced nuclear technology, aiming to become a diversified and vertically integrated company across five business lines: portable microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services [7][11]. Leadership Appointment - Dr. Seth Berl brings extensive experience from his roles at Intel Corporation and the U.S. Department of Energy, where he led data technology strategies and contributed to various government projects [2][4][5]. - His appointment is seen as a significant milestone for NANO Nuclear, expected to enhance the company's technical and business capabilities, particularly in navigating government processes and expanding market presence [6][8]. Technological Focus - NANO Nuclear is developing several advanced reactor products, including the KRONOS MMR Energy System, ZEUS solid core battery reactor, ODIN low-pressure coolant reactor, and the portable LOKI MMR, all aimed at providing innovative clean energy solutions [8][12]. - The company is also working on a subsidiary, Advanced Fuel Transportation Inc. (AFT), which aims to build a North American transportation network for HALEU fuel, essential for small modular reactors and microreactor companies [9][11]. Future Prospects - NANO Nuclear's subsidiaries, including HALEU Energy Fuel Inc. and NANO Nuclear Space Inc., are focused on developing domestic HALEU fuel sources and exploring commercial applications of micronuclear reactor technology in space, respectively [11][12].

Core Viewpoint - NANO Nuclear Energy Inc. has launched a significant irradiation testing program in collaboration with MIT to study the behavior of nitrate molten salts under radiation, which is crucial for the development of next-generation nuclear reactors [1][3][5] Group 1: Collaboration and Research Focus - The two-year collaboration with MIT will investigate the thermal and radiolytic behavior of nitrate molten salts for advanced nuclear energy systems [1][3] - The research is funded by NANO Nuclear with over $500,000 and will be supervised by Prof. Koroush Shirvan, a leading expert in nuclear systems engineering [2][3] - The study aims to fill the knowledge gap regarding the performance of molten salts under ionizing radiation, which is essential for nuclear environments [3][4] Group 2: Research Methodology and Expected Outcomes - MIT researchers will utilize advanced diagnostics to measure off-gassing behavior, thermal degradation, and long-term material stability of the salts [4][5] - The results will directly inform the design of microreactors that use molten salts for heat transfer and energy storage, enhancing safety and performance models [4][5] - The project is expected to conclude in 2027, with quarterly updates and final data delivery coordinated between MIT and NANO Nuclear [6] Group 3: Company Overview and Future Directions - NANO Nuclear is focused on becoming a diversified and vertically integrated company across five business lines, including microreactor technologies and nuclear fuel fabrication [7] - The company is developing several advanced reactor products, including the KRONOS MMR Energy System and the portable LOKI MMR [8][9] - NANO Nuclear's subsidiaries are also exploring commercial applications of micronuclear reactor technology in space and developing a domestic HALEU fuel fabrication pipeline [10][11][12]

Core Insights - NANO Nuclear Energy Inc. has made significant progress in its operations and technology development in 2025, building on a successful 2024 and positioning itself as a leader in the microreactor sector in the U.S. [2][29] - The company has finalized the acquisition of advanced nuclear reactor technologies, including the KRONOS MMR and LOKI MMR, which enhances its competitive edge in the market [2][12] - NANO Nuclear has established partnerships with the University of Illinois Urbana-Champaign for research and development, aiming for the commercialization of its microreactor technologies [2][27] Financial Achievements - The company reported $5.6 million used in operating activities for the six months ended March 31, 2025, reflecting ongoing scale-up in operations and R&D [3] - NANO Nuclear utilized $12.7 million in investing activities, including $9.1 million for the acquisition of KRONOS and LOKI assets and $3.6 million for property and equipment related to its new demonstration facility [4] - A total of $108.4 million was raised during the same period, with cash and cash equivalents increasing to $118.6 million as of March 31, 2025, up from $28.5 million on September 30, 2024 [5] Operational Highlights - The company has initiated the construction of a demonstration facility in Westchester County, New York, which is now operational and will focus on testing non-nuclear components [21][26] - NANO Nuclear has expanded its intellectual property portfolio with dozens of domestic and international patents and filed multiple new patent applications related to its microreactor technologies [2][12] - The company has made key personnel additions, including a new Chief Technology Officer and other experts in nuclear engineering and regulatory engagement [11][16] Technological Advancements - The KRONOS MMR is designed to produce up to 45 megawatts thermal power, while the LOKI MMR is a portable reactor providing between 1 MWth and 5 MWth of power [12] - The company is actively engaged in the design and fabrication of heat exchangers for its ODIN microreactor project, collaborating with Thermal Engineering International [12][28] - NANO Nuclear is also exploring applications for its microreactor technology in space through its subsidiary, NANO Nuclear Space Inc. [34] Partnerships and Collaborations - NANO Nuclear has signed a strategic collaboration with the University of Illinois Urbana-Champaign to construct the first research KRONOS MMR on a major research university campus [27] - The company is involved in a partnership with LIS Technologies to address fuel supply chain issues for advanced reactor systems [27] - NANO Nuclear has submitted a Small Business Innovation Research (SBIR) Phase I proposal in collaboration with the City University of New York and Advanced Engineering Solutions [21][27]

Core Viewpoint - NANO Nuclear Energy Inc. has completed the retrofitting of its multimillion-dollar demonstration and testing facility in Westchester County, New York, which will support the development and testing of its microreactors and the Annular Linear Induction Pump (ALIP) subsystem [1][2][5] Group 1: Facility Overview - The newly redeveloped facility will conduct non-nuclear mechanical and thermal tests essential for developing microreactors, particularly the ZEUS model, and commercial products like ALIP [2][9] - The facility includes a Liquid-Metal and Molten-Salt Test Loop, a magnetic field mapping system, and a custom-engineered thermal chamber for evaluating component performance [8][9] Group 2: Collaboration and Development - The retrofit was executed in collaboration with aRobotics Company, which specializes in robotic systems and high-precision prototyping, enhancing the facility's capabilities [3][5] - The facility is expected to play a crucial role in the R&D program, allowing for essential physical testing and validation of non-nuclear systems [5][9] Group 3: Strategic Importance - The facility will serve as a high-fidelity mechanical testbed for subsystems critical to reactor operation, informing future licensing and supporting industrial partnerships [9][10] - The proximity of the facility to NANO Nuclear's corporate headquarters in New York City will enhance operational coordination and collaboration with stakeholders [10] Group 4: Company Vision and Products - NANO Nuclear aims to become a diversified and vertically integrated company across five business lines, including portable 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, focusing on clean energy solutions [11][12]