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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
Globenewswire· 2025-08-27 11:30
Core Points - NANO Nuclear Energy Inc. has signed a Memorandum of Understanding (MOU) with Dioxitek S.A. to evaluate uranium conversion capabilities in Argentina [1][2] - The collaboration aims to assess the feasibility of developing an enrichment production line at Dioxitek's facility to support Argentina's nuclear supply chain [2][3] - This partnership is positioned to address the global shortage of uranium hexafluoride (UF₆) by enhancing domestic conversion capabilities in Argentina [3][4] Company Overview - NANO Nuclear is focused on advanced nuclear energy solutions and aims to become a diversified, vertically integrated company across multiple business lines, including microreactor technologies and nuclear fuel fabrication [8] - The company is recognized as the first portable nuclear microreactor company publicly listed in the U.S. [8] - NANO Nuclear's reactor products under development include the KRONOS MMR Energy System, ZEUS, ODIN, and LOKI MMR, which represent advancements in clean energy solutions [9] Strategic Importance - The MOU signifies a strategic milestone for NANO Nuclear in South America, allowing access to real-world data that could impact the global nuclear fuel supply chain [4][6] - Argentina's regulatory changes and its strategic uranium reserves present significant opportunities for collaboration and development of nuclear infrastructure [3][4] - The partnership is expected to contribute to Argentina's energy independence and the expansion of its nuclear fuel cycle capabilities [6]