Core Insights - NANO Nuclear Energy Inc. has completed the acquisition of Global First Power Limited, enhancing its position as a leading developer of microreactors in North America [1][4][11] - The acquisition provides NANO Nuclear with direct ownership of the regulatory licensing application for the KRONOS MMR™ Energy System demonstration project in Canada, facilitating progress in the licensing process [2][5] - NANO Nuclear aims to advance its KRONOS MMR™ technology through concurrent licensing and construction programs in both the U.S. and Canada, establishing a strong North American footprint [6][8] Acquisition Details - The acquisition allows NANO Nuclear to continue from a strong foundation, benefiting from GFPL's previous regulatory engagements and progress, particularly in the Vendor Design Review and early LTPS submission [5][9] - NANO Nuclear's assumption of a liability of approximately $640,000 owed by GFPL to the Canadian Nuclear Safety Commission is a principal consideration of the acquisition [9] Strategic Positioning - The acquisition is seen as a defining moment for NANO Nuclear, unifying its North American development strategy and enabling rapid advancement in both licensing and construction [6][8] - NANO Nuclear is now positioned to deploy advanced microreactors in both the U.S. and Canada, marking a significant step towards establishing a leadership role in the microreactor market [6][9] Project Development - Concurrently, NANO Nuclear has initiated site preparation activities for its project at the University of Illinois Urbana-Champaign, with a milestone ceremony scheduled to highlight ongoing work [7] - The company is focused on expanding access to clean, reliable, and decentralized power through its microreactor projects, which include the KRONOS MMR™, ZEUS™, and LOKI MMR™ [8][12]