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NANO Nuclear Advances KRONOS Microreactor and Reports Strong Cash Reserve
NANO Nuclear Energy Inc. (NASDAQ: NNE) announced its third fiscal quarter results, revealing significant milestones in the development of its KRONOS Micro Modular Reactor (MMR). The company advanced U.S. Nuclear Regulatory Commission (NRC) licensing efforts, initiated preparatory work for deployment at the University of Illinois Urbana-Champaign (UIUC), and resumed Canadian licensing activities, positioning KRONOS as a leading contender in the North American microreactor race.
Financial Highlights
Cash Position: $210.2 million as of June 30, 2025, up from $28.5 million on September 30, 2024, following a series of equity raises.
Operating Cash Use: $14.7 million in the first nine months of FY2025, driven by KRONOS R&D and operations.
Investing Activities: $12.9 million, including $9.1 million for KRONOS MMR acquisition and $3.8 million for a demonstration facility in New York.
Financing Activities: $209.3 million net cash inflows.
Filed first universal shelf registration statement to support long-term growth.
Strategic and Technological Progress
Licensing: Progressed NRC construction permit application preparations for UIUC site; resumed Canadian licensing, building on KRONOS' prior Phase 1 CNSC review.
Partnerships: Signed collaboration agreements with UIUC and AECOM for engineering and environmental studies.
Innovation: Advanced proprietary Annular Linear Induction Pump (ALIP) technology under SBIR Phase III, targeting potential commercial sales in 2025–2026.
Vertical Integration: Signed MOU with UrAmerica to secure nuclear fuel supply chain resilience.
Operational Expansion and Leadership Strengthening
Recruited over a dozen engineers in the Midwest to accelerate KRONOS development.
Acquired a 2.75-acre engineering and manufacturing facility in Oak Brook, Illinois.
High-profile appointments include former U.S. Energy Secretary Rick Perry, Vice Admiral Charles J. Leidig Jr., and Intel's Seth Berl, bolstering technical and policy expertise.
Market Recognition
Added to the Solactive Global Uranium & Nuclear Components Total Return Index in August 2025, qualifying NNE for inclusion in the $4 billion Global X Uranium ETF (URA).
This inclusion provides broader institutional investor exposure and market liquidity.
Industry Context
NANO Nuclear's progress comes amid a global nuclear resurgence driven by AI data center growth, industrial reshoring, electrification, and bipartisan policy support in the U.S. Nuclear microreactors are increasingly seen as vital for clean, reliable, zero-emission power in both centralized and remote settings.
Outlook
The company targets submitting a U.S. NRC construction permit application by late 2025 or early 2026 and aims to be the first to license a commercial microreactor in Canada. Management also plans to pursue commercial agreements with AI data center operators and remote communities, alongside potential vertical integration opportunities through M&A.
CEO James Walker emphasized that KRONOS' proven reactor design, substantial prior R&D investment, and integrated supply chain strategy give NANO Nuclear a competitive edge in the rapidly growing advanced reactor market.
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