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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 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 Energy Inc. (NNE) Signs Landmark 10-Year Cooperative Research and Development Agreement (CRADA) With Idaho National Laboratory (INL)
Yahoo Finance· 2025-09-12 15:07
Group 1 - NANO Nuclear Energy Inc. signed a 10-year Cooperative Research and Development Agreement (CRADA) with the Idaho National Laboratory to enhance its microreactor programs [2][3] - The agreement aims to leverage INL's expertise in reactor design, materials testing, and deployment, positioning NANO Nuclear for commercialization of clean energy solutions [3] - NANO Nuclear focuses on providing safe, modular, and clean energy through advanced nuclear technologies, including microreactors and fuel solutions [4] Group 2 - NANO Nuclear Energy is recognized as one of the best uranium stocks to invest in currently [1][4]
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 Reports Third Fiscal Quarter 2025 Financial Results and Provides Business Update
Globenewswire· 2025-08-14 20:05
Core Viewpoint - NANO Nuclear Energy Inc. is positioned to capitalize on the growing demand for clean and reliable nuclear energy solutions, driven by regulatory support and advancements in technology, particularly through its KRONOS MMR Energy System [2][11]. Financial Results - The company reported a cash and cash equivalents balance of $210.2 million as of June 30, 2025, a significant increase from $28.5 million on September 30, 2024, due to successful capital raises [9]. - Operating activities resulted in a cash outflow of $14.7 million for the nine months ended June 30, 2025, primarily due to increased operations and R&D expenses [3]. - Investing activities accounted for a cash outflow of $12.9 million, including $9.1 million for the acquisition of assets like the KRONOS MMR [4]. - Financing activities provided a net cash inflow of $209.3 million during the same period [5]. Technological Advancements & Regulatory Progress - The KRONOS MMR is advancing towards licensing and deployment in the U.S., with significant progress made in collaboration with the University of Illinois Urbana-Champaign [9][11]. - The company has received an approved Fuel Qualification Methodology Topical Report from the NRC and is focused on resuming licensing activities in Canada [9][11]. - NANO Nuclear aims to be the first commercial microreactor company in the U.S. to file for a construction permit application by late 2025 or early 2026 [11][12]. Operational Progress & Leadership - NANO Nuclear has made key appointments to its leadership team, including Rick Perry as Chairman of the Executive Advisory Board and Seth Berl as an independent director, enhancing its strategic capabilities [10][13]. - The company has initiated a recruitment drive to expand its engineering and project development teams, successfully hiring over a dozen engineers [13]. Strategic Collaborations & Market Position - NANO Nuclear signed a Memorandum of Understanding (MOU) with UrAmerica to secure resources and enhance its nuclear fuel supply chain [10]. - The company has been selected for inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, qualifying it for the Global X Uranium ETF, which enhances its market visibility [10][12]. - NANO Nuclear is exploring opportunities for vertical integration through collaborations and potential mergers and acquisitions to strengthen its competitive position [11][12].
NANO Nuclear Energy (NNE) Earnings Call Presentation
2025-08-14 20:00
Company Overview - NANO Nuclear Energy Inc aims to be a commercial leader in the U S nuclear industry, focusing on advanced technology and vertical integration[10, 15] - The company's development strategy includes advanced microreactors, fuel processing, nuclear fuel transportation, and consultation services[11, 13] Reactor Designs and Technology - NANO Nuclear acquired KRONOS MMR in January 2025, a modular High Temperature Gas Reactor with a power output of 10 MWe to 1000 MWe (multiple units)[28, 32] - The KRONOS MMR project has received NRC approval for Fuel Qualification Methodology (FQM)[35] - The LOKI MMR is a portable reactor with a power output of 05 MWe to 3 MWe, designed for terrestrial, marine, and space environments[43, 47] - ZEUS is a solid core battery reactor, with patent applications filed in May 2025[50] - ODIN is a Low-Pressure Coolant Reactor, with strategic alternatives being considered to focus on KRONOS MMR[58, 60] Fuel Processing and Transportation - NANO Nuclear is a member of the DOE's HALEU Consortium, supporting the development of enrichment technology[67, 72] - The company is collaborating with LIS Technologies Inc to advance uranium enrichment and fuel fabrication capabilities[73, 75] - Advanced Fuel Transportation Inc (AFT) has secured exclusive licensing rights for a high-capacity HALEU fuel transport basket technology[84, 88] Facilities and Collaborations - NANO Nuclear acquired a 23,537-square-foot facility in Oak Brook, Illinois, to support KRONOS MMR development[94, 98] - A 14,000 sq ft facility was purchased in Oak Ridge, Tennessee in August 2024 for $171 million to support collaboration with LIS Technologies[100, 106] - A demonstration facility in Westchester County, NY, is used to demonstrate components of microreactor designs and ALIP technology[108, 111]
NANO Nuclear Selected for Inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, Qualifying It for Inclusion in the Prominent Global X Uranium ETF (“URA”)
Globenewswire· 2025-08-01 11:00
Core Insights - NANO Nuclear Energy Inc. has been included in the Solactive Global Uranium & Nuclear Components Total Return Index, enhancing its visibility and presence in the nuclear energy sector [2][4] - The inclusion allows NANO Nuclear's common stock to qualify for the Global X Uranium ETF, which has over $4 billion in net assets and provides broad exposure to uranium-related companies [3][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, including microreactor technologies and nuclear fuel fabrication [5] - The company is recognized as the first portable nuclear microreactor company to be publicly listed in the U.S. [5] Technological Developments - NANO Nuclear is developing several advanced reactor products, including the KRONOS MMR Energy System, ZEUS solid core battery reactor, and LOKI portable MMR, which represent significant advancements in clean energy solutions [6] - The company’s subsidiary, Advanced Fuel Transportation Inc., aims to establish a North American transportation company for HALEU fuel, potentially forming a unique vertically integrated nuclear fuel business [7][8] Strategic Importance - The inclusion in the Solactive Index and Global X Uranium ETF is seen as a milestone for NANO Nuclear, reflecting its strategic priorities and efforts to strengthen its market position [4] - The company is actively pursuing development programs and initiatives to enhance shareholder value and connect with investors interested in the growing nuclear sector [4]
NANO Nuclear Completes Assembly of its Proprietary Annular Linear Induction Pump Technology Prototype for Critical Test Loop Validation in SBIR Phase III Program
Globenewswire· 2025-07-23 12:00
Core Insights - NANO Nuclear Energy Inc. has successfully assembled its proprietary Annular Linear Induction Pump (ALIP) technology for nuclear reactors at its Demonstration Facility in Westchester County, New York, marking a significant milestone in the development of advanced nuclear technology [1][2][3] Company Developments - The ALIP assembly milestone highlights NANO Nuclear's leadership in advanced nuclear energy technology and its capability to transition from design to construction and demonstration [2][3] - The company aims to initiate commercial sales activities for the ALIP technology by the end of this year or next year [2] - The Westchester Demonstration Facility, operational since earlier this year, plays a crucial role in validating the ALIP technology [2] Technology Overview - ALIP technology serves as a thermal management and distribution system, utilizing electromagnetic pumps instead of mechanical ones, which reduces wear and maintenance while enhancing efficiency [3][6] - The technology is expected to support the development of next-generation reactors that utilize molten salts or liquid metals [3] - Current efforts include developing the first operational ALIP prototype and a custom-designed test loop for data collection [6][7] Future Plans - Future work will focus on testing pump performance with various working fluids, simulating component failures, and conducting material testing [7] - NANO Nuclear plans to collaborate with aRobotics Company to further develop and test additional generations of ALIP technology [6] Business Lines - NANO Nuclear aims to become a diversified and vertically integrated company across five business lines, including portable microreactor technologies, nuclear fuel fabrication, transportation, applications for space, and consulting services [10][11] - The company is also developing several reactor products, including the KRONOS MMR Energy System and the LOKI MMR, which represent advancements in clean energy solutions [11]