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Associated Press
01-08-2025
- Business
- Associated Press
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")
With over $4 billion in net assets, the Global X Uranium ETF is the world's preeminent ETF providing investors broad exposure to companies involved in uranium mining and the production of nuclear components New York, New York--(Newsfile Corp. - August 1, 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 it has been selected for inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, following the Index's semiannual review and subsequent rebalancing. Effective as of August 1, 2025, NANO Nuclear's common stock will be included in the Solactive Global Uranium & Nuclear Components Total Return Index, an Index of Solactive AG which tracks the price movements in shares of companies that have (or are expected to have) exposure to the uranium industry. This particularly includes uranium mining, exploration, uranium investments and technologies (such as NANO Nuclear's micro modular nuclear reactors under development) related to the uranium industry. The Solactive Global Uranium & Nuclear Components Total Return Index serves as a benchmark for exchange-traded funds (or ETFs) and other investment products, with NANO Nuclear's inclusion reflecting its growing presence in the global nuclear energy and uranium supply chain. As a result of this addition, NANO Nuclear's common stock now qualifies for inclusion in the prominent Global X Uranium ETF (ticker 'URA'), with approximately $4 billion in net assets, which passively tracks the Solactive Global Uranium & Nuclear Components Total Return Index. Notably, the Global X Uranium ETF is the world's preeminent ETF providing investors broad exposure to companies involved in uranium mining and the production of nuclear components. [ This image cannot be displayed. Please visit the source: ] Figure 1 - NANO Nuclear Energy Inc. 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') To view an enhanced version of this graphic, please visit: 'Our team has executed well on our stated strategic priorities, strengthening our market position and building collaborations that support our long-term growth and valuation,' said Jay Yu, Founder and Chairman of NANO Nuclear. 'Inclusion in Solactive's Global Uranium & Nuclear Components Total Return Index and the Global X Uranium ETF marks these achievements and is another positive step in our trajectory, highlighting our expanding role in the global nuclear energy industry. It is a testament to the hard work being done by our team to steadily grow our company, advance our technologies, and deliver value to our shareholders both now and in the future.' 'This is an important milestone for NANO Nuclear, and we are proud to be included in Solactive's coverage of the nuclear and uranium industry,' said James Walker, Chief Executive Officer of NANO Nuclear. 'We continue to take proactive steps to advance NANO Nuclear's various development programs and initiatives and create shareholder value. This inclusion increases our visibility in the public markets and connects us with investors who are interested in this growing sector. We look forward to leveraging this exposure as we continue to grow and progress our business plans.' 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 transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S. Led by a world-class nuclear engineering team, NANO Nuclear's reactor products in development include patented KRONOS MMR ™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), 'ZEUS', a solid core battery reactor, and 'ODIN', a low-pressure coolant reactor, and the space focused, portable LOKI MMR ™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America. HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear's own microreactors as well as the broader advanced nuclear reactor industry. NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear's developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR ™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS' initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface. For more corporate information, please visit: For further NANO Nuclear information, please contact: Email: [email protected] Business Tel: (212) 634-9206 PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE: NANO Nuclear Energy LINKEDIN NANO Nuclear Energy YOUTUBE NANO Nuclear Energy X PLATFORM Cautionary Note Regarding Forward-Looking Statements This news release and statements of NANO Nuclear's management in connection with this news release contain or may contain 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as 'expects', 'anticipates', 'intends', 'plans', 'believes', 'potential', 'will', 'should', 'could', 'would' or 'may' and other words of similar meaning. In this press release, forward-looking statements relate to the anticipated benefits of NANO Nuclear's inclusion in the index and ETF described herein and its plans and goals generally. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy ('DOE') or related state or non-U.S. nuclear licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at and at Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. To view the source version of this press release, please visit
Associated Press
08-07-2025
- Business
- Associated Press
NANO Nuclear Signs a Memorandum of Understanding with UrAmerica Ltd. to Help Modernize and Develop Argentina's Nuclear Fuel Supply Chain
New York, New York--(Newsfile Corp. - July 8, 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 it has signed a Memorandum of Understanding (MOU) with UrAmerica Ltd., a private exploration company with a package of uranium and other critical metals licenses primarily in Chubut Province, Argentina. The newly signed MOU formalizes the discussions that NANO Nuclear initiated with UrAmerica to explore strategic development across Argentina's uranium-fuel supply chain. Both companies are now working to evaluate specific opportunities, ranging from mining and conversion to UF₆ feedstock supply, that could aid NANO Nuclear in securing a dependable source of material for future supply chain options. Such evaluations may lead to the signing of definitive agreements between NANO Nuclear and UrAmerica related to particular projects. Argentina has one of the largest uranium repositories in the world and its government is currently looking into the privatization of their nuclear energy sector, enabling innovators like NANO Nuclear to invest and support the development of the nuclear energy infrastructure in the country. Through this MOU, NANO Nuclear and UrAmerica aim to build the mining and milling capacities of the uranium supply chain in Argentina with the intention to be a part of the uranium fuel cycle exports into the U.S. Under the MOU, the companies will pursue (i) favorable uranium offtake agreements, (ii) potential investments in mineral production and (iii) fuel-cycle infrastructure, and (iv) future joint ventures or related collaboration. One of NANO Nuclear's goals in entering into the MOU is to help modernize Argentina's nuclear sector while strengthening U.S. energy security by sourcing materials for nuclear fuel from a reliable partner. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: Figure 1 - NANO Nuclear Signs Memorandum of Understanding with UrAmerica Ltd., to explore strategic development across the uranium-fuel supply chain in Argentina 'We are pleased to formalize our discussions with UrAmerica through this MOU as we seek to further extend NANO Nuclear's international footprint,' said Jay Yu, Founder and Chairman of NANO Nuclear. 'By collaborating with UrAmerica, we aim to position Argentina as a regional center for nuclear technology and a reliable supply-chain partner for the United States, strengthening the country's existing infrastructure while advancing our shared goals.' 'Argentina holds substantial deposits of strategic metals, like uranium, that could be a strategic supplier to us in the future,' said James Walker, Chief Executive Officer of NANO Nuclear. 'The timing is also favorable, as the Argentine government is actively looking to reform its nuclear sector to attract international investment. We look forward to advancing our discussions and exploring future opportunities in South America.' 'This Memorandum of Understanding with NANO Nuclear marks a pivotal step forward in unlocking the vast potential of Argentina's uranium resources, aligning perfectly with UrAmerica's mission to drive sustainable and secure critical mineral supply chains,' said Omar Adra, Executive Director & CEO of UrAmerica Ltd. and President of UrAmerica Argentina S.A. 'Our extensive licenses package in the San Jorge Basin holds world-class uranium deposits, and through this collaboration, we aim to not only meet the growing global demand for nuclear fuel but also position Argentina as a key strategic partner for the United States in energy security. By leveraging UrAmerica's expertise in mineral exploration and NANO Nuclear's advanced nuclear technology and expertise, we are hopeful that this collaboration will catalyze investments in mining, milling, and fuel cycle development, delivering long-term economic benefits for Argentina while supporting the U.S. in diversifying its nuclear supply chain away from geopolitical risks.' About UrAmerica Ltd. UrAmerica is a private critical metals exploration company with a focus on uranium and other critical metals (e.g., lithium, rare earths, molybdenum, and vanadium) operating primarily in Chubut Province, Argentina. UrAmerica, through its subsidiary UrAmerica Argentina S.A., fully owns licenses of uranium repositories in the San Jorge Basin. 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 transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S. Led by a world-class nuclear engineering team, NANO Nuclear's reactor products in development include patented KRONOS MMR ™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), 'ZEUS', a solid core battery reactor, and 'ODIN', a low-pressure coolant reactor, and the space focused, portable LOKI MMR ™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America. HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear's own microreactors as well as the broader advanced nuclear reactor industry. NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear's developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR ™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS' initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface. For more corporate information please visit: For further NANO Nuclear information, please contact: Email: [email protected] Business Tel: (212) 634-9206 PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE: NANO Nuclear Energy LINKEDIN NANO Nuclear Energy YOUTUBE NANO Nuclear Energy X PLATFORM Cautionary Note Regarding Forward-Looking Statements This news release and statements of NANO Nuclear's management in connection with this news release contain or may contain 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as 'future,' 'seek,' 'expects', 'anticipates', 'intends', 'plans', 'goal,' 'believes', 'potential', 'will', 'should', 'could', 'would' or 'may' and other words of similar meaning. In this press release, forward-looking statements relate to the anticipated benefits to NANO Nuclear of the MOU described herein, as well as the future plans and goals of NANO Nuclear and UrAmerica as described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy ('DOE') or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other nuclear technology or capabilities in the timelines we anticipate, if ever (including in collaboration with UrAmerica as described herein), (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at and at Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. [ This image cannot be displayed. Please visit the source: ] To view the source version of this press release, please visit
Yahoo
30-05-2025
- Business
- Yahoo
NANO Nuclear closes $105m in common stock private placement
US-based nuclear energy and technology company NANO Nuclear Energy has completed its previously announced private placement of 3.8 million shares of common stock at $27 per share for raising gross proceeds of approximately $105m. The net proceeds expected for NANO Nuclear are around $99m, after deducting offering expenses. The infusion of capital raises NANO Nuclear's cash position above $210m. These funds will enable the company to accelerate the development of its micro-nuclear reactors. The company also plans to expand its nuclear energy-related businesses, pursue strategic acquisitions and propel its growth trajectory towards generating its initial revenue. Primary investors in the private placement included institutional entities, including a globally recognised investment manager and a mutual fund focused on long-term investments. NANO Nuclear Energy Founder and Chairman Jay Yu stated: 'This achievement was made possible through the participation of well-known, long-term fundamental institutional investors who understand not only the nuclear energy renaissance we are participating in, but the specific potential for NANO Nuclear's technologies and business plans. 'We expect this capital will accelerate our near and longer-term valuation catalysts, particularly given the high technology readiness level of our KRONOS MMR microreactor (being developed in conjunction with University of Illinois Urbana-Champaign) and our planned commencement of geological site characterisation activities, including subsurface drilling investigations, for this reactor, which would be first research microreactor built on campus grounds in the US by an advanced reactor company. These activities will lead to the submission of our KRONOS MMR construction permit applications to the Nuclear Regulatory Commission thereafter.' Titan Partners Group, a division of American Capital Partners, served as the exclusive placement agent for the transaction. Legal counsel was provided by Ellenoff Grossman & Schole for NANO Nuclear, and Lucosky Brookman for the placement agent. NANO Nuclear has committed to filing a registration statement with the US Securities and Exchange Commission by 10 June 2025 for the resale of the shares issued in the private placement. "NANO Nuclear closes $105m in common stock private placement" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
29-05-2025
- Business
- Yahoo
NANO Nuclear Energy Closes $105 Million Common Stock Private Placement
NANO Nuclear Energy Inc. NANO Nuclear's cash position at over $210 Million, which will fuel the company's continued innovations in the advanced nuclear energy sector Financing included primary participation from fundamental institutional investors, including a pre-eminent global investment manager and a leading long-only mutual fund New York, N.Y., May 29, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) ('NANO Nuclear' or 'the Company'), a leading advanced nuclear energy and technology company, today announced the closing of its previously announced common stock private placement for gross proceeds of approximately $105 million, before deducting offering expenses. Net proceeds to NANO Nuclear are expected to be approximately $99 million. Primary participation in the private placement came from fundamental institutional investors, including a pre-eminent global investment manager and a leading long-only mutual fund. In the private placement, NANO Nuclear sold 3,888,889 shares of common stock at a purchase price of $27.00 per share. The proceeds from this financing significantly boosts NANO Nuclear's cash on hand to over $210 million. With these resources, NANO Nuclear will be able to more readily advance its cutting-edge micro nuclear reactors and auxiliary nuclear energy-related businesses, as well as seek complimentary acquisitions and drive growth towards initial revenue generation. Figure 1 - NANO Nuclear Energy Inc. Closes $105 Million Common Stock Private Placement 'We are very grateful to have secured this new capital, our largest funding round yet, which was also completed at our highest financing valuation to date and puts our cash on hand at over $210 million,' said Jay Yu, Founder and Chairman of NANO Nuclear Energy. 'This achievement was made possible through the participation of well known, long term fundamental institutional investors who understand not only the nuclear energy renaissance we are participating in, but the specific potential for NANO Nuclear's technologies and business plans. We expect this capital will accelerate our near- and longer-term valuation catalysts, particularly given the high technology readiness level of our KRONOS MMR™ microreactor (being developed in conjunction with University of Illinois Urbana-Champaign) and our planned commencement of geological site characterization activities, including subsurface drilling investigations, for this reactor, which would be first research microreactor built on campus grounds in the U.S by an advanced reactor company. These activities will lead to the submission of our KRONOS MMR construction permit applications to the Nuclear Regulatory Commission thereafter. We also applaud last week's presidential executive orders aimed at boosting nuclear energy in the U.S. and streamlining nuclear regulation, which will drive tailwinds for us and the entire nuclear energy sector in coming years. Our mission to become a leading, diversified, and vertically integrated advanced nuclear energy company has taken another large step forward, and we look forward to deploying our capital to drive innovation in our industry and value for our stockholders.' Titan Partners Group, a division of American Capital Partners, acted as the sole placement agent for the offering. Ellenoff Grossman & Schole LLP acted as counsel to NANO Nuclear, and Lucosky Brookman LLP acted as counsel to the placement agent. The securities sold in the private placement have not been registered under the Securities Act of 1933, as amended, or state securities laws and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC by June 10, 2025 covering the resale of the shares of common stock issued in the private placement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. 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 transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S. Led by a world-class nuclear engineering team, NANO Nuclear's reactor products in development include patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), 'ZEUS', a solid core battery reactor, and 'ODIN', a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America. HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear's own microreactors as well as the broader advanced nuclear reactor industry. NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear's developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS' initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface. For more corporate information please visit: For further information, please contact:Email: IR@ Tel: (212) 634-9206 PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE: NANO Nuclear Energy LINKEDINNANO Nuclear Energy YOUTUBENANO Nuclear Energy TWITTER Cautionary Note Regarding Forward Looking Statements This news release and statements of NANO Nuclear's management in connection with this news release or related events contain or may contain 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the anticipated benefits to the Company of private placement financing described herein, as well as statements regarding the anticipated benefits of nuclear regulatory reform and the potential fulfillment of Company's business plans) related to future events, which may impact our expected future business and financial performance, and often contain words such as 'expects', 'anticipates', 'intends', 'plans', 'believes', 'potential', 'will', 'should', 'could', 'would' or 'may' and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy ('DOE') or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations and advance our plans, (iv) risks related to uncertainty regarding our ability to technologically develop, gain registered intellectual property protection for, and commercially deploy competitive advanced nuclear reactor and other technology in the timelines we anticipate, if ever, (v) risks related to U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, and including those associated with the recently enacted ADVANCE Act and the May 23, 2025 presidential executive orders seeking to support U.S. nuclear energy, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at and at Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. Attachment NANO Nuclear Energy Inc. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Nuclear rally, Deckers Outdoor, Intuit gains: Trending Tickers
Nuclear energy stocks Oklo (OKLO), Constellation Energy (CEG), Nano Nuclear Energy (NNE), and NuScale Power (SMR) are rallying as President Trump signs an executive order to ease regulations around nuclear reactor development. Catch Yahoo Finance's interview with Nano Nuclear Energy founder, executive chairman, and president Jay Yu on the nuclear energy landscape. Shares of shoe company Deckers Outdoor (DECK) continue to tumble ahead of Friday's market close after the company did not provide full-year guidance. Intuit (INTU) holds onto stock gains after reporting earnings on Thursday, on pace to close at a record high. Watch Yahoo Finance's interview with Intuit CFO Sandeep Aujla. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Now time for some of today's training tickers, we're checking in on shares of nuclear stocks as well as the latest earnings from Decker's Outdoor Corporation and Intuit. Shares of nuclear-powered companies first and uranium miners for that matter, like Oaklow on the nuclear side, Constellation Energy, Newscale Power, higher today as President Trump signs an executive order to ease regulations and speed up reactor development. It's become a very safe actually become very safe and tremendous work's been done on that more than anything else, and it's really the automatic shutoff. There's so many different things that they have now that they would have never had. And you saw executives there in the Oval Office with him from the likes of Constellation Energy, which is the operator of the Three Mile Island reactor. They're restarting another reactor under a contract with Microsoft. Oaklow, which is a small modular nuclear reactor developer. Those don't exist yet in the United States, but that's one of the forward-looking technologies. And then you're seeing also the uranium miners rise in today's session. Those have been trending all day on Yahoo Finance as well. Yeah, the big picture is just, you know, this attempt to kind of just ramp US nuclear capacity, so speeding up construction, restarting shuttered plants and and upgrading others. Trump talking about how nuclear technology has come a long way he was saying, in safety and cost. I mean, obviously, the US used to really be a leader in nuclear power and now now it's it's really China is is your your top builder. Bloomberg pointing out here they have roughly 30 reactors under construction over there. 'Cause Russia also a key player as well. But you can see the movement some of these names for plants. Right. And and just a couple of things to mention here. Uh the reason that nuclear slowed in the US was in part because of regulation, because it is extraordinarily costly and time-consuming to construct a new reactor. And the permitting, they have exactly. Exactly. And that's why the reactors that are being used currently in the United States are old many of them. So that's thing one. Thing two, the and the real catalyst behind this new push has been the rise of data centers and their just insatiable thirst for energy. But not only that energy that is consistent energy. Nuclear is seen as renewable, right? To some degree. And so in contrast for these tech companies that do want to rely on renewable sources, in contrast to a solar or wind which are not as consistent, nuclear does offer that kind of option. If they can sort of fulfill the promise of getting this stuff up and running. Yeah. I'm very interested to see more line of sight to research because the big a big idea here seems to be dually is like, okay, well, we're just going to cut through a bunch of red tape, right? So I'd be interested to see like, okay, what what does the actual what does that actually mean on the ground? Like before and after this EO, how much more quickly can you get a plant up? Right. Well, and are you sacrificing safety? Which is always with nuclear a big concern. Yeah. One of the first questions. All right, shares of Deckers Outdoor sinking today after the shoe company's quarterly outlook missed expectations and it didn't give guidance for fiscal 26 due to uncertainties around global trade policies. So this one under pressure, of course, owner of the Hoka running shoes, Ugg boots, key one forecast disappoints, also decline to offer that full-year guide. Dana Tesley over at a long time analyst we know has covered this, did cut to market perform, target went to 120. She said Hoka growth decelerated faster than expected. She did point out Uggs was better than expected top line, but did she did note this this decision not to offer the guidance, lack of visibility on tariffs and as we all know what that means for consumer demand is just unclear. Yeah, I mean, Hoka still seeing it grow 10% in terms of its net sales, but it was growing in you know, the higher double digits. Um Ugg up 3.6% in terms of its sales. But the company now sees first quarter net sales of at most $910 million. The estimate was for about $923.5 million. So this had been sort of a growth name that now is looking like less so. I For some reason, I'm picturing you in Ugg boots. Do you have any Ugg boots? I don't, but I'm not opposed. I was See your point though, just looking at this stock really quickly and and the kind of shelling it's taken. This stock is now down 50% already in 2025. Yeah. And it had been a big grower prior to that. All right, let's look at Intuit shares as well. Those shares are jumping today. They're actually at a record high. That's after the tax preparation software company reported third-quarter results that beat expectations on the top and bottom lines. The company also reported stronger than expected guidance for the fourth quarter and raised its full year revenue forecast. The company has been trying to expand its services besides just the very basic tax preparation and analysts saying that this quarter showed that there are some signs that that is working for them. Yeah, RBC's Rishi Jaluria, friend of the show, of course, Joey, likes this name. Target is now 850. Rishi was telling his clients Intuit reported a solid quarter, strong tax season, says the Q3 results were solid overall outperformance he said was primarily from lower-quality credit karma revenue though he'd point out profitability came in ahead of consensus. Team at Evercore also fans of this one. They tell clients continue to believe that Intuit's AI monetization opportunity is underappreciated. Yeah, I saw a couple of analysts mention that. One sort of question mark for the company is the future of the IRS's free preparation service because that, you know, even though even though Intuit doesn't make money itself from its free tax preparation, which is required by law to offer, it had people trade up to the paid eventually, right? The IRS has been competing a little bit more with the free software, but this administration, there's some questions about whether that free offering from the IRS is going to stick around. So we'll see what ends up happening. That's something to watch going forward. We'll check that. Sign in to access your portfolio
