KRONOS MMR Energy System

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NANO Nuclear Energy Closes $400 Million Oversubscribed Private Placement of Common Stock with Preeminent Institutional Investors
Globenewswire· 2025-10-10 16:20
NANO Nuclear Energy Inc. NANO Nuclear Energy Closes $400 Million Oversubscribed Private Placement of Common Stock with Preeminent Institutional Investors Financing provides NANO Nuclear with financial flexibility and multiple years of operating runway in the race to develop the first advanced micro nuclear reactor in the U.S.Financing raised at highest valuation to date; cash position is now approximately $600 million New York, NY, Oct. 10, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) ...
NANO Nuclear (NNE) Snaps 5-Day Jump on $400-Million Share Sale
Yahoo Finance· 2025-10-09 08:57
We recently published 10 Stocks Taking a Nosedive. NANO Nuclear Energy Inc. (NASDAQ:NNE) is one of the worst performers on Wednesday. NANO Nuclear ended a five-day rally on Wednesday, slashing 16.93 percent to close at $47.04 apiece as investors unloaded portfolios to take profits, while repositioning portfolios following a $400 million share sale. In a statement, NANO Nuclear Energy Inc. (NASDAQ:NNE) announced the issuance of 8.49 million common shares priced at $47, and is expected to close on Friday, ...
Why Shares of Nano Nuclear Energy Are Powering Down Today
Yahoo Finance· 2025-10-08 15:02
Key Points Nano Nuclear Energy announced a $400 million equity placement. Proceeds from the transaction will be used to help the company advance development of its micro reactor. Although investors fear dilution, the company isn't generating revenue, so raising capital through the issuance of equity is unsurprising. 10 stocks we like better than Nano Nuclear Energy › Poised to break its five-day streak of closing higher than the day before, Nano Nuclear Energy (NASDAQ: NNE) stock is falling steep ...
Governor Pritzker Announces NANO Nuclear Energy to Establish Operations in Illinois
Globenewswire· 2025-10-07 13:30
NANO Nuclear Energy Inc. Governor Pritzker Announces NANO Nuclear Energy to Establish Operations in Illinois. NANO Nuclear Energy to receive REV Illinois incentive award of $6.8M New York, N.Y., Oct. 07, 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 the Company, alongside Governor JB Pritzker and the Illinois Department of Commer ...
NANO Nuclear Achieves Inclusion In S&P Global Broad Market Index (BMI)
Globenewswire· 2025-09-25 12:30
NANO Nuclear’s addition to the S&P BMI also qualifies it for inclusion in the S&P Total Market Index (TMI) and the SPX Completion Index, growing its exposure to institutional investors worldwide New York, N.Y., Sept. 25, 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 its inclusion in the S&P Global Broad Market Index (BMI), the world's fir ...
NANO Nuclear Energy Advances Market Position with Strategic Deals and Strong Post-IPO Growth
Yahoo Finance· 2025-09-21 13:30
Group 1 - NANO Nuclear Energy Inc. (NASDAQ:NNE) is recognized as one of the 11 best performing IPOs in the last two years, despite mixed results in Q3 2025 [1] - For Q3 2025, the company reported a year-to-date operational loss of $35.8 million, which is a significant increase from the previous year [2] - The company raised $99 million through a private placement, enhancing its cash position to $210.2 million [2] Group 2 - On August 27, 2025, NANO Nuclear Energy signed a Memorandum of Understanding (MOU) with Dioxitek S.A. to evaluate uranium conversion capacities in Argentina, which strengthens its market position [3] - The company was awarded a Direct to Phase II Small Business Innovation Research (SBIR) contract by AFWERX, allowing exploration of deploying its KRONOS MMR Energy System at Joint Base Anacostia-Bolling in Washington, D.C. [3] - Since its IPO on May 8, 2024, NANO Nuclear Energy has achieved a growth value of 728.16%, positioning itself as a developer of portable nuclear microreactors [4]
NANO Nuclear Signs Letter of Intent with Cambridge Atom Works to Sell its Portable ODIN™ Reactor Technology
Globenewswire· 2025-09-17 12:05
Core Viewpoint - NANO Nuclear Energy Inc. has signed a letter of intent to sell its ODIN™ low-pressure coolant microreactor design to Cambridge Atom Works for a total of $6.2 million, allowing the company to focus on its gas-cooled reactor portfolio and enhance developmental efficiencies [2][3][4]. Group 1: Transaction Details - The sale includes a $250,000 upfront non-refundable down payment and a $5.95 million payment scheduled for 2026, along with future low single-digit royalties based on net sales if ODIN is commercialized [3]. - The transaction is subject to the execution of definitive documentation and customary closing conditions [3]. Group 2: Strategic Implications - The sale of ODIN is part of NANO Nuclear's strategy to streamline its product line and concentrate resources on its gas-cooled microreactors: KRONOS MMR, LOKI MMR, and ZEUS [4][6]. - This strategic move aligns with the recent Atlantic Partnership for Advanced Nuclear Energy between the U.S. and the U.K., which aims to accelerate nuclear power development and streamline regulatory frameworks [5][6]. Group 3: Product Portfolio and Development - NANO Nuclear's flagship KRONOS MMR is designed to deliver up to 45 MWth in a single-unit configuration and can scale to gigawatt-level power in multi-unit configurations, enhancing energy resiliency and economics [6]. - The company is actively working with the U.S. Nuclear Regulatory Commission to license the KRONOS MMR and has initiated site preparation activities at the University of Illinois Urbana-Champaign [6][7]. Group 4: Future Outlook - The retention of LOKI MMR and ZEUS microreactors is seen as a strategic decision due to their shared features with the KRONOS MMR, which is expected to provide synergistic benefits across the portfolio [9][10]. - The company anticipates that the development of KRONOS MMR will directly benefit LOKI and ZEUS, enhancing performance and regulatory efficiency [10].
NANO Nuclear to be Featured in Upcoming Nuclear Energy Industry Events
Globenewswire· 2025-09-11 12:30
Core Viewpoint - NANO Nuclear Energy Inc. is actively participating in several key nuclear energy industry events, highlighting its commitment to advancing clean energy solutions and engaging with stakeholders in the nuclear sector [1][7]. Event Participation - NANO Nuclear will represent U.S. interests at the 69th International Atomic Energy Agency (IAEA) General Conference from September 15 to 19, 2025, in Vienna [2]. - CEO James Walker will participate in a nuclear-focused panel at the DCAC Conference from September 16 to 18, 2025, discussing the role of nuclear energy in powering data centers [3]. - At the Houston Energy & Climate Week on September 18, 2025, CEO James Walker will engage in a panel titled "New Energies, New Opportunities – Powering Careers" [4]. - NANO Nuclear is a Gigawatt sponsor at the Nuclear Symposium on September 24, 2025, where Founder & Chairman Jay Yu and CTO Florent Heidet will present [5]. - The company will also participate in the 2025 Advanced Nuclear NY Summit from September 30 to October 1, 2025, and the CNA West Conference from October 20 to 22, 2025 [6]. Company Overview - NANO Nuclear Energy Inc. is focused on becoming a diversified and vertically integrated company across five business lines, including portable microreactor technologies, nuclear fuel fabrication, transportation, applications for space, and consulting services [8]. - The company claims to be the first publicly listed portable nuclear microreactor company in the U.S. [8]. - NANO Nuclear's lead project is the KRONOS MMR Energy System, a high-temperature gas-cooled reactor currently in the pre-application phase with the U.S. Nuclear Regulatory Commission [9][10]. Subsidiaries and Innovations - Advanced Fuel Transportation Inc. (AFT), a subsidiary, aims to build a North American transportation company for HALEU fuel, with exclusive licensing of a patented transportation basket developed by U.S. national laboratories [11]. - HALEU Energy Fuel Inc. (HEF) is focused on developing a domestic HALEU fuel fabrication pipeline for NANO Nuclear's microreactors and the broader industry [12]. - NANO Nuclear Space Inc. (NNS) is exploring commercial applications of micronuclear reactor technology in space, including the LOKI MMR system for extraterrestrial projects [13].
NANO Nuclear to Participate in Upcoming Investor Events
Globenewswire· 2025-09-05 12:30
Core Viewpoint - NANO Nuclear Energy Inc. is actively participating in several investor events to showcase its advancements in clean nuclear energy solutions and technology [1][8]. Company Overview - NANO Nuclear Energy Inc. is a technology-driven nuclear energy company aiming to be a 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 [3][4]. - The company claims to be the first publicly listed portable nuclear microreactor company in the U.S. [3]. Product Development - NANO Nuclear is developing several reactor products, including the KRONOS MMR Energy System, a high-temperature gas-cooled reactor, and the portable LOKI MMR, which are designed to provide modular and on-demand clean energy solutions [4]. - The company is also working on a solid core battery reactor named "ZEUS" [4]. Subsidiaries and Operations - Advanced Fuel Transportation Inc. (AFT), a subsidiary of NANO Nuclear, aims to establish a North American transportation company for HALEU fuel, targeting small modular reactors and other entities [5]. - 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 industry [6]. - NANO Nuclear Space Inc. (NNS) is exploring commercial applications of micronuclear reactor technology in space, particularly for extraterrestrial projects and propulsion technology [7]. Upcoming Events - NANO Nuclear's management will present at H.C. Wainwright's 27th Annual Global Investment Conference on September 8, 2025, and participate in Benchmark's Nuclear Innovation Summit on September 16, 2025 [8]. - Additionally, management will engage in a fireside chat at TD Cowen's 10th Annual Nuclear Fuel Cycle and Next Generation Nuclear Roundtable on October 9, 2025 [8].
NANO Nuclear Energy Awarded AFWERX Direct to Phase II Contract for KRONOS MMR™ RDT&E at Joint Base Anacostia-Bolling
Globenewswire· 2025-09-02 11:30
Core Insights - NANO Nuclear Energy Inc. has been awarded a Direct to Phase II Small Business Innovation Research contract by AFWERX to explore the feasibility of deploying its KRONOS MMR Energy System at Joint Base Anacostia-Bolling in Washington, D.C. [3][5] - The contract, valued at approximately $1.25 million, will assess JBAB's energy demands, grid vulnerabilities, environmental considerations, and regulatory pathways for introducing a nuclear microreactor [5][6] - The KRONOS MMR is designed to provide 15 MWe (45 MWth) of carbon-free power and features advanced safety mechanisms, including "walk-away safety" and "full island-mode microgrid" capabilities [6][7] Company Overview - NANO Nuclear Energy is focused on developing clean energy solutions and aims to become a diversified, vertically integrated company across multiple business lines, including microreactor technologies and nuclear fuel fabrication [11][12] - The company is supported by Stonegardens Advisory LLC, which specializes in guiding advanced technologies into the defense sector [7] - NANO Nuclear's reactor products include the KRONOS MMR, a portable solid core battery reactor named "ZEUS," and the space-focused LOKI MMR [12][15] Industry Context - AFWERX serves as the innovation and venture arm of the U.S. Air Force, having executed over 6,200 contracts worth more than $4.7 billion since its inception [8] - The project aligns with the Air Force's priorities to enhance energy resilience and reduce reliance on commercial grids, indicating a growing demand for next-generation nuclear solutions [5][7]