Latest news with #NANONuclearEnergyInc
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
20-05-2025
- Business
- Yahoo
NANO Nuclear Energy Inc. (NNE): A Bull Case Theory
We came across a bullish thesis on NANO Nuclear Energy Inc. (NNE) on Substack by Charly AI. In this article, we will summarize the bulls' thesis on NNE. NANO Nuclear Energy Inc. (NNE)'s share was trading at $26.07 as of May 15th. An aerial view of a nuclear plant, its domes casting a unique shadow. NNE is an ambitious vertically integrated developer in the advanced nuclear sector, aiming to become a full-stack provider of micronuclear solutions. The company is building a differentiated platform by combining microreactor design and manufacturing with in-house nuclear fuel processing, logistics, and regulatory consulting. Its four proprietary microreactor models—Zeus, Odin, Kronos mmr, and Loki mmr—target specialized applications, from mobile military use to stationary industrial power and even extraterrestrial deployment. This vertical integration across the nuclear value chain establishes a significant competitive moat and positions NNE as a category leader in the emerging microreactor space. The company is led by CEO James Walker, formerly of Rolls Royce's nuclear division, and supported by a top-tier team of physicists and executives from leading academic and government institutions, including Oak Ridge and the NRC. NNE operates at the intersection of key secular trends: rising AI-driven power consumption, increasing emphasis on U.S. energy independence, and global decarbonization efforts. With tech giants such as Microsoft and Amazon investing in small modular reactors for datacenter use, and U.S. government support through programs like the DOE's $3.4 billion LEU Acquisition initiative, the market tailwinds are substantial. NNE also holds a strategic advantage through its partnership with LIS Technologies, the only U.S.-based laser uranium enrichment firm. Despite these advantages, the company remains pre-revenue, reporting a $3.1 million loss last quarter and undergoing nearly 20% share dilution to support ongoing development. While the company has $123 million in cash and minimal debt, execution risk remains high. For investors with a long-term horizon and appetite for risk, NNE offers upside in a potentially transformational market. NANO Nuclear Energy Inc. (NNE) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 10 hedge fund portfolios held NNE at the end of the fourth quarter which was 0 in the previous quarter. While we acknowledge the risk and potential of NNE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NNE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
NANO Nuclear Energy Inc. (NNE): A Bear Case Theory
We came across a bearish thesis on NANO Nuclear Energy Inc. (NNE) on wallstreetbets Subreddit Page by Young-faithful. In this article, we will summarize the bears' thesis on NNE. NANO Nuclear Energy Inc. (NNE)'s share was trading at $22.75 as of April 30th. Is BASF SE ( the Best German Dividend Stock To Buy Now? Copyright: vencavolrab78 / 123RF Stock Photo NANO Nuclear Energy (NNE), founded in 2022, is a nascent nuclear startup with ambitions to develop the world's first portable nuclear reactor while also aiming to be a fully vertically integrated player in the sector—handling everything from reactor design and fuel enrichment to transport and consulting. Despite being at an extremely early stage, the company has seen a meteoric rise since its IPO in May 2024, where shares debuted at around $4 and surged over 1000% at their peak, settling around a $1.1 billion market cap. However, NNE's fundamentals tell a different story. At the time of its IPO, the company had no patents, no working prototypes, no clear regulatory progress, and only a loosely formed technical team. The founder lacks experience in nuclear energy, previously being involved in inconsequential mining ventures, though the CEO does bring credibility with a background in the UK's Ministry of Defence and Rolls-Royce nuclear programs. The situation drew criticism from Hunterbrook Media, a short-selling firm that spotlighted these issues in 2023. Although the stock initially dropped in response, it rebounded after NNE retained a high-profile attorney and took a litigious stance. Since then, the company has attempted to enhance its legitimacy by acquiring third-party patents, hiring PhDs and advisors, entering non-binding agreements for future collaboration, and seeking research grants. Yet, the timing of these moves has raised concerns that NNE prioritized going public over building a credible business foundation. Compared to OKLO, a nuclear startup that has spent over a decade navigating the technical and regulatory pathways and is only worth 3.5 times NNE's valuation, the contrast is stark. Posts on technical forums like r/nuclear remain skeptical, criticizing NNE's unrealistic timelines and lack of demonstrated progress. Despite these concerns, the stock benefits from its eligibility in clean energy ETFs, which has helped institutional ownership reach around 30%, with the rest likely dominated by retail investors. Many in the retail crowd, especially those familiar with companies like OKLO and SMR, may have bought into NNE without realizing how nascent it is in comparison. In essence, NNE is a company whose current valuation seems driven more by hype and optics than by substance or execution.
Globe and Mail
01-05-2025
- Business
- Globe and Mail
NANO Nuclear Announces Opening Keynote Presentation and Platinum Sponsorship at the Upcoming Reuters Events: SMR & Advanced Reactor 2025 Conference
New York, N.Y., May 01, 2025 (GLOBE NEWSWIRE) -- 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 is the Platinum Sponsor of the upcoming Reuters Events: SMR & Advanced Reactor 2025, to be held in Nashville, Tennessee on 12-13, May 2025. NANO Nuclear Energy Chief Executive Officer James Walker will lead the opening keynote presentation titled, 'The Growth of U.S. Advanced Reactors -- Wall Street's Success Story' at 9:00am on May 12 th. In the presentation, he will explore how U.S. policy shifts, global energy demand, and the availability of clean energy focused investment capital are hastening the commercialization of advanced nuclear reactors, including small nuclear reactors (known as SMRs) like those being developed by NANO Nuclear, and how NANO Nuclear capitalized on these trends to become the best performing initial public offering in the U.S. of 2024. 'Reuters Events offer a valuable opportunity to engage with stakeholders and leading innovators in the SMR and advanced reactor field,' said James Walker, Chief Executive Officer of NANO Nuclear. 'I'm excited for NANO Nuclear to be the leading sponsor and to personally participate in this year's conference to discuss NANO Nuclear's journey and mission, and gain insights from the broader community shaping the future of nuclear technology.' Reuters Events: SMR & Advanced Reactor 2025 is the only senior-level meeting point for the SMR community, where 600+ leaders from utilities, financiers, reactor developers, technology providers and regulators unite to create meaningful connections, share trusted insights, and obtain lessons-learned to inform your multi-billion-dollar strategy at pace. 'This conference unites some of the most forward-thinking innovators in the advanced reactor space,' said Professor Massimiliano Fratoni, Senior Director and Head of Reactor Design of NANO Nuclear. 'It's an excellent forum to learn about the direction of the nuclear industry and exchange ideas with those driving progress. I'm looking forward to the informative sessions on offer.' 'NANO Nuclear is executing on schedule, and we expect the next 12 months to include several important regulatory and operational milestones that will help secure our leadership in the U.S. microreactor race,' said Jay Yu, Founder and Chairman of NANO Nuclear. 'The achievement of these milestones would be key as we advance toward construction, demonstration, regulatory licensing and eventual commercialization and deployment for our cutting-edge reactors. I look forward to discussing our progress with investors and industry peers at the upcoming Reuters SMR & Advanced Reactor Conference.' A replay of Mr. Walker's presentation if produced by Reuters Events: SMR & Advanced Reactor 2025 will be available on NANO Nuclear's website for at least 30 days following the presentation at 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: IR@ 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, the conference presentation referred to herein, and statements of NANO Nuclear's management in connection with this news release and such presentation 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 and the related presentation, forward-looking statements may include those related to NANO Nuclear's development, demonstration and regulatory licensing plans and goals, as well as the anticipated future benefits to NANO Nuclear of being a publicly traded company. 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 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, 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.
Associated Press
01-05-2025
- Business
- Associated Press
NANO Nuclear Announces Opening Keynote Presentation and Platinum Sponsorship at the Upcoming Reuters Events: SMR & Advanced Reactor 2025 Conference
New York, N.Y., May 01, 2025 (GLOBE NEWSWIRE) -- 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 is the Platinum Sponsor of the upcoming Reuters Events: SMR & Advanced Reactor 2025, to be held in Nashville, Tennessee on 12-13, May 2025. NANO Nuclear Energy Chief Executive Officer James Walker will lead the opening keynote presentation titled, 'The Growth of U.S. Advanced Reactors -- Wall Street's Success Story' at 9:00am on May 12th. In the presentation, he will explore how U.S. policy shifts, global energy demand, and the availability of clean energy focused investment capital are hastening the commercialization of advanced nuclear reactors, including small nuclear reactors (known as SMRs) like those being developed by NANO Nuclear, and how NANO Nuclear capitalized on these trends to become the best performing initial public offering in the U.S. of 2024. 'Reuters Events offer a valuable opportunity to engage with stakeholders and leading innovators in the SMR and advanced reactor field,' said James Walker, Chief Executive Officer of NANO Nuclear. 'I'm excited for NANO Nuclear to be the leading sponsor and to personally participate in this year's conference to discuss NANO Nuclear's journey and mission, and gain insights from the broader community shaping the future of nuclear technology.' Reuters Events: SMR & Advanced Reactor 2025 is the only senior-level meeting point for the SMR community, where 600+ leaders from utilities, financiers, reactor developers, technology providers and regulators unite to create meaningful connections, share trusted insights, and obtain lessons-learned to inform your multi-billion-dollar strategy at pace. 'This conference unites some of the most forward-thinking innovators in the advanced reactor space,' said Professor Massimiliano Fratoni, Senior Director and Head of Reactor Design of NANO Nuclear. 'It's an excellent forum to learn about the direction of the nuclear industry and exchange ideas with those driving progress. I'm looking forward to the informative sessions on offer.' 'NANO Nuclear is executing on schedule, and we expect the next 12 months to include several important regulatory and operational milestones that will help secure our leadership in the U.S. microreactor race,' said Jay Yu, Founder and Chairman of NANO Nuclear. 'The achievement of these milestones would be key as we advance toward construction, demonstration, regulatory licensing and eventual commercialization and deployment for our cutting-edge reactors. I look forward to discussing our progress with investors and industry peers at the upcoming Reuters SMR & Advanced Reactor Conference.' A replay of Mr. Walker's presentation if produced by Reuters Events: SMR & Advanced Reactor 2025 will be available on NANO Nuclear's website for at least 30 days following the presentation at 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, the conference presentation referred to herein, and statements of NANO Nuclear's management in connection with this news release and such presentation 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 and the related presentation, forward-looking statements may include those related to NANO Nuclear's development, demonstration and regulatory licensing plans and goals, as well as the anticipated future benefits to NANO Nuclear of being a publicly traded company. 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 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, 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
