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Governor Pritzker Announces NANO Nuclear Energy to Establish Operations in Illinois
Newsfile· 2025-10-07 13:29
Governor Pritzker Announces NANO Nuclear Energy to Establish Operations in IllinoisNANO Nuclear Energy to receive REV Illinois incentive award of $6.8MOctober 07, 2025 9:29 AM EDT | Source: NANO Nuclear Energy Inc.New York, New York--(Newsfile Corp. - October 7, 2025) - 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 Govern ...
NANO Nuclear Achieves Inclusion in S&P Global Broad Market Index (BMI)
Newsfile· 2025-09-25 12:25
Core Insights - NANO Nuclear Energy Inc. has been included in the S&P Global Broad Market Index (BMI), which enhances its visibility to institutional investors globally [2][4][5] - The S&P Global BMI captures over 99% of available market capitalization worldwide, including more than 14,000 companies [3] - NANO Nuclear's inclusion in the S&P Total Market Index (TMI) and the SPX Completion Index further broadens its exposure within the U.S. equity market [4][5] Company Overview - NANO Nuclear is focused on developing advanced nuclear energy solutions and aims to be a diversified, vertically integrated company across five business lines, including microreactor technologies and nuclear fuel fabrication [6] - The company is recognized as the first portable nuclear microreactor company to be publicly listed in the U.S. [6] Technology and 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™ for space applications [7][10] - The company has a subsidiary, Advanced Fuel Transportation Inc. (AFT), which aims to provide commercial quantities of HALEU fuel to various sectors, including small modular reactors and military applications [8] Strategic Goals - The company aims to leverage its inclusion in the S&P indices to enhance its visibility and attract more institutional investor support [5] - NANO Nuclear is focused on advancing its technologies towards construction, demonstration, regulatory licensing, and commercialization of its micro nuclear reactor programs [5]
NANO Nuclear Signs Letter of Intent with Cambridge Atom Works to Sell Its Portable ODIN Reactor Technology
Newsfile· 2025-09-17 12:00
Core Viewpoint - NANO Nuclear Energy Inc. has signed a letter of intent to sell its ODIN™ low-pressure coolant microreactor technology 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 and regulatory efficiencies [1][2][3]. Financial Summary - 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 upon commercialization of ODIN [2]. Strategic Positioning - This transaction is part of NANO Nuclear's strategy to consolidate its microreactor portfolio, enabling a more focused approach on its gas-cooled technologies: KRONOS MMR™, LOKI MMR™, and ZEUS™ [3][5]. - The sale is expected to streamline NANO Nuclear's product line and allow for more efficient resource allocation towards its flagship reactor technologies [3][5]. Industry Context - The sale aligns with the recent U.S.-U.K. agreement to accelerate nuclear power development, which aims to harmonize regulatory frameworks and reduce licensing timelines for advanced nuclear reactors [4][5]. - The Atlantic Partnership for Advanced Nuclear Energy is seen as a significant step in supporting technologies like ODIN and KRONOS MMR, enhancing transatlantic collaboration [4][6]. Development Focus - NANO Nuclear is prioritizing the KRONOS MMR™ Energy System, which is designed to deliver up to 45 MWth in a single-unit configuration and is currently undergoing licensing processes with the U.S. Nuclear Regulatory Commission [6][12]. - The company is also advancing its engineering and manufacturing capabilities through a facility in Oak Brook, Illinois, to support construction, testing, and regulatory licensing of its technologies [7][12]. Future Outlook - The company anticipates that the continued development of KRONOS MMR will benefit the LOKI and ZEUS reactors, creating synergies across its portfolio [10][11]. - NANO Nuclear aims to close the ODIN sale by the end of 2025, which is expected to recoup its investment and generate future royalty revenue [11].
NANO Nuclear Signs CRADA with Idaho National Laboratory to Support Its Advanced Nuclear Reactor Development
Newsfile· 2025-09-04 11:00
Core Viewpoint - NANO Nuclear Energy Inc. has signed a Cooperative Research and Development Agreement (CRADA) with Idaho National Laboratory (INL) to advance its nuclear reactor development, particularly focusing on its KRONOS MMR™ and LOKI MMR™ systems [1][2][5]. Group 1: Agreement Details - The ten-year CRADA aims to support NANO Nuclear in building, testing, and commercializing its advanced nuclear microreactors [2]. - The agreement allows NANO Nuclear to utilize INL's expertise and facilities to enhance reactor design, materials qualification, regulatory licensing, and deployment processes [2][4]. Group 2: Strategic Importance - This collaboration is seen as a significant step towards achieving commercial readiness for NANO Nuclear's technologies, which are designed to meet the increasing demand for clean and modular energy solutions across various sectors [6][7]. - NANO Nuclear's microreactor technologies are targeted for applications in defense, government, space, AI data centers, and commercial sectors [6]. Group 3: Company Overview - NANO Nuclear Energy Inc. is focused on becoming a diversified and vertically integrated company in the nuclear energy sector, with business lines including microreactor technologies, nuclear fuel fabrication, and consulting services [9]. - The company is recognized as the first portable nuclear microreactor company publicly listed in the U.S. [9]. Group 4: Future Developments - NANO Nuclear's lead project, the KRONOS MMR™, is a stationary high-temperature gas-cooled reactor currently in the pre-application phase with the U.S. Nuclear Regulatory Commission [10]. - The company is also exploring commercial applications of its microreactor technology in space through its subsidiary, NANO Nuclear Space Inc. [14].
NANO Nuclear Expands Presence in Argentina by Signing Memorandum of Understanding with Dioxitek S.A., Argentina's Only Uranium Feedstock Manufacturer for Nuclear Fuel Fabrication, to Explore Opportunities in the Nuclear Fuel Supply Chain
Newsfile· 2025-08-27 10:00
Core Viewpoint - NANO Nuclear Energy Inc. has signed a Memorandum of Understanding (MOU) with Dioxitek S.A. to explore opportunities in Argentina's nuclear fuel supply chain, aiming to enhance domestic uranium conversion capabilities and reduce reliance on foreign suppliers [1][2][3]. Group 1: MOU Details - The MOU establishes a non-binding framework for evaluating uranium conversion to enrichment feedstock and supporting infrastructure in Argentina [2]. - NANO Nuclear and Dioxitek will assess the feasibility of collaboration to develop an enrichment production line at Dioxitek's facility [2]. - The collaboration aims to support Argentina's nuclear supply chain and promote the peaceful use of nuclear energy [2]. Group 2: Strategic Importance - Argentina's strategic uranium reserves present an opportunity to address the global uranium hexafluoride (UF₆) shortage by developing domestic conversion capabilities [3]. - The MOU aligns with Argentina's regulatory changes in the nuclear sector, allowing NANO Nuclear to deepen its involvement in the country [3][4]. - The collaboration is expected to contribute to the advancement of Argentina's nuclear infrastructure and fuel cycle capabilities [4][5]. Group 3: Company Background - NANO Nuclear Energy Inc. is focused on becoming a diversified and vertically integrated company across multiple business lines, including nuclear fuel fabrication and transportation [8]. - The company is developing advanced nuclear reactor technologies, including the KRONOS MMR™ Energy System and portable LOKI MMR™ [9][12]. - NANO Nuclear's subsidiary, Advanced Fuel Transportation Inc., aims to build a North American transportation company for HALEU fuel [10].
NANO Nuclear Energy Advances to U.S. Army xTechSearch 9 Finals Pitch Event
Newsfile· 2025-08-21 10:00
Core Viewpoint - NANO Nuclear Energy Inc. has been selected to advance to the finals of the U.S. Army's xTechSearch 9 competition, highlighting the potential of its deployable microreactor technology to support national security priorities [1][3]. Company Overview - NANO Nuclear Energy Inc. is focused on developing clean energy solutions through advanced nuclear technology and aims 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 [4][5]. Technology and Development - The company is developing several advanced reactor products, including the KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor, and the portable LOKI MMR™ system, which are designed to provide on-demand clean energy solutions [5][6]. - NANO Nuclear's subsidiary, Advanced Fuel Transportation Inc. (AFT), aims to build a North American transportation company for HALEU fuel, which is essential for small modular reactors and microreactor companies [6][7]. - Another subsidiary, HALEU Energy Fuel Inc. (HEF), is focused on developing a domestic source for HALEU fuel fabrication to support NANO Nuclear's microreactors and the broader advanced nuclear reactor industry [7]. Strategic Importance - Advancing to the finals of the xTechSearch 9 competition allows NANO Nuclear to showcase its capabilities to Army decision-makers and explore collaboration opportunities that could enhance operational energy resilience and logistical flexibility for the military [3][4].
NANO Nuclear Energy to Attend Upcoming Industry Focused Investor Conferences
Newsfile· 2025-08-13 10:00
NANO Nuclear will not be making formal presentations at these conferences but plans to do so at other investor conferences to be held in the coming months. About NANO Nuclear Energy, Inc. NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel ...
NANO Nuclear Advances KRONOS MMR Construction Program and Deployment at the University of Illinois Urbana-Champaign
Newsfile· 2025-07-14 10:00
Core Viewpoint - NANO Nuclear Energy Inc. is advancing its KRONOS MMR™ Energy System micro nuclear reactor project at the University of Illinois Urbana-Champaign, marking a significant step in the development of next-generation nuclear technology [2][5]. Company Developments - NANO Nuclear has engaged AECOM to provide engineering and environmental services for the KRONOS MMR project, which includes site-specific engineering, environmental analysis, and regulatory planning [3][6]. - The project aims to conduct detailed environmental reviews and site drilling to gather geological data necessary for a construction permit application to the U.S. Nuclear Regulatory Commission (NRC) [3][4]. - The KRONOS MMR is positioned to be one of the first licensed microreactors on a U.S. university campus, enhancing NANO Nuclear's leadership in the microreactor industry [5][6]. Industry Context - The initiative at UIUC is part of a broader mission to deploy modular, zero-emission microreactor systems across various sectors, including remote, commercial, and defense applications [5]. - Successful deployment at UIUC would serve as a model for future microreactor installations nationwide, reinforcing the university's status as a leader in nuclear engineering and research [5][6]. - NANO Nuclear's advancements align with the global energy transition towards nuclear solutions, positioning the company to meet industrial demand and humanitarian needs with high-efficiency microreactor systems [6]. Future Prospects - The agreement with AECOM is seen as a critical inflection point for NANO Nuclear, indicating progress towards regulatory licensing and real-world deployment of its microreactor technology [6]. - NANO Nuclear aims to establish itself as a vertically integrated company across multiple business lines, including microreactor technologies, nuclear fuel fabrication, and consulting services [7][9].
NANO Nuclear Signs a Memorandum of Understanding with UrAmerica Ltd. to Help Modernize and Develop Argentina's Nuclear Fuel Supply Chain
Newsfile· 2025-07-08 13:56
Core Insights - NANO Nuclear Energy Inc. has signed a Memorandum of Understanding (MOU) with UrAmerica Ltd. to explore strategic development in Argentina's uranium-fuel supply chain [2][3][4] - The collaboration aims to modernize Argentina's nuclear sector and strengthen U.S. energy security by securing a reliable source of uranium [5][6] Company Overview - NANO Nuclear is focused on developing clean energy solutions and is publicly listed on NASDAQ under the ticker NNE [2][12] - The company is engaged in multiple business lines, including portable microreactor technologies, nuclear fuel fabrication, and consulting services [12][13] Industry Context - Argentina possesses one of the largest uranium repositories globally, and the government is considering privatizing its nuclear energy sector to attract international investment [4][5] - The MOU aims to enhance mining and milling capacities in Argentina, positioning the country as a key supplier of nuclear fuel to the U.S. [4][5][6] Strategic Goals - Under the MOU, NANO Nuclear and UrAmerica will pursue favorable uranium offtake agreements, investments in mineral production, and potential joint ventures [5][6] - The collaboration is expected to unlock Argentina's uranium resources and align with UrAmerica's mission to secure critical mineral supply chains [9][10]
NANO Nuclear Announces Platinum Sponsorship and Participation in Panel Discussion at the Defense Strategies Institute's 7th Annual DoD Energy & Power Summit.
Globenewswire· 2025-07-03 12:30
Core Viewpoint - NANO Nuclear Energy Inc. is positioned as a leader in advanced nuclear energy solutions, emphasizing its role as the Platinum Sponsor of the upcoming DoD Energy & Power Summit, highlighting its commitment to clean energy and defense applications [1][6]. Company Overview - NANO Nuclear Energy Inc. focuses on developing clean energy solutions through advanced nuclear technologies, aiming to become a diversified and vertically integrated company across five business lines, including portable microreactor technologies and nuclear fuel fabrication [9][10]. - The company is recognized as the first publicly listed portable nuclear microreactor company in the U.S. [10]. Event Participation - CEO James Walker will participate in a panel discussion at the DoD Energy & Power Summit, addressing the potential of nuclear energy technologies in enhancing defense capabilities [2][4]. - The panel will include prominent figures from U.S. nuclear research and oversight organizations, indicating the significance of the discussions [3]. Industry Context - The Department of Defense (DoD) is the largest energy consumer in the U.S., accounting for approximately 76% of federal energy consumption, underscoring the importance of energy efficiency and security in defense operations [7]. - The summit aims to foster collaboration among various stakeholders, including military services, federal government, and industry leaders, to enhance energy resilience and affordability [7]. Strategic Goals - NANO Nuclear aims to support the DoD and Department of Energy (DOE) in their energy transition efforts, emphasizing the efficiency, safety, and reliability of its advanced reactor designs [8]. - The company has engaged former military and government experts to strengthen its position in the energy sector [8]. Technological Developments - NANO Nuclear is developing several advanced reactor products, including the KRONOS MMR™ Energy System and the portable LOKI MMR™, which represent significant advancements in clean energy solutions [11]. - The company’s subsidiary, Advanced Fuel Transportation Inc., is focused on establishing a transportation network for High-Assay, Low-Enriched Uranium (HALEU) fuel, aiming to create a vertically integrated nuclear fuel business in North America [12]. Future Applications - NANO Nuclear Space Inc. is exploring commercial applications of its micronuclear reactor technology for space missions, indicating the potential for nuclear energy in extraterrestrial environments [14].