Latest news with #nuclearenergy

Yahoo
23 minutes ago
- Business
- Yahoo
Europe Reconsiders Nuclear Energy Policies
Europe is embracing nuclear energy with a new vigor. Even the most historically staunch nuclear opponents are softening their restrictions on the carbon-free form of energy production as the continent continues to pivot away from oil and gas imports and toward energy independence in the long shadow of Russia's invasion in Ukraine and the European energy crisis that followed. In March, the government of Italy made a significant step toward overturning the nation's 40-year ban on nuclear power production. In April, leadership in Spain indicated that they would be open to reconsidering the phase-out of nuclear plants in that nation. And just this month, Denmark followed Italy's lead in publicly announcing the legal revisitation of its nuclear ban, and Germany – Europe's starkest nuclear energy adversary – agreed to drop its opposition to nuclear power in European Union legislation, in cooperation with France. A German official called the move 'a sea-change policy shift' that will remove roadblocks and increase efficiency in energy policymaking within the European Union. According to a report from CNBC, 'The renewed European interest in nuclear shows how some countries are hedging their bets in pursuit of more energy independence.' However, it's also related to the 'hidden cost' of balancing and transporting electricity from renewables, the outlet reports. While solar and wind remain much cheaper alternatives for power generation, their rapid expansion in European grids has not been without challenges. Last month, one of the worst blackouts in European history crippled power grids across Spain and Portugal, and many think that the rapid buildout of renewable resources in that region could be to blame. While official reports on the cause of the blackout are still in investigation stages, critics have been quick to point to the fact that around 70% of Spain's electricity production at the time of the blackout, and that Spain's solar capacity growth has outpaced the rest of Europe by a factor of two. Furthermore, the pivot toward renewable energy has caused some volatility in European energy markets, where prices have occasionally dropped below zero over the past year. While these price crashes are great news for European consumers, who have been battered by high utility bills in recent years, they're bad news for the sector and the climate, as they can discourage further investment in renewable capacity expansion. Despite these challenges, solar and wind remain critically important to Europe's energy independence and for climate goals. But leadership is clearly looking for a stop-gap while renewable-charged grids get their sea legs. 'Solar and wind are still the cheapest and fastest way to drive the green transition, and that remains our focus. But we also need to understand whether new nuclear technologies can play a supporting role,' Lars Aagaard, Denmark's minister for climate, energy and utilities, was quoted by CNBC. A lot of this renewed attention to nuclear power is focused on the rollout of small modular reactors, rather than traditional nuclear plants. This relatively nascent technology offers a lot of advantages for countries like Denmark and Italy who phased out their nuclear workforces, and thereby national nuclear expertise, years ago. Unlike full-scale nuclear power plants, which require years of design and planning, these small modules are built in a factory setting and assembled on-site with a relatively small crew, and require little oversight. 'We have no recent experience with nuclear power, and we lack the necessary knowledge regarding safety and waste management. That's why we must begin a serious analysis — not to replace solar and wind, but to see whether new nuclear can complement our energy system in the future,' Aagaard said about Denmark's aversion to traditional nuclear development. By Haley Zaremba for More Top Reads From this article on


CNA
2 days ago
- Business
- CNA
CNA938 Rewind - France is first European country Singapore has CSP with
CNA938 Rewind Play France and Singapore will grow cooperation in areas like civilian nuclear energy, intelligence sharing and defence technology. This upgrades the two nations' relationship to a comprehensive strategic partnership (CSP) – marking Singapore's first CSP with a European country. Lance Alexander and Daniel Martin speak with Dr Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs.


CNA
2 days ago
- Business
- CNA
CNA938 Rewind - France and Singapore enter a comprehensive strategic partnership
CNA938 Rewind France and Singapore will grow cooperation in areas like civilian nuclear energy, intelligence sharing and defence technology. This upgrades the two nations' relationship to a comprehensive strategic partnership (CSP) – marking Singapore's first CSP with a European country. Lance Alexander and Daniel Martin speak with Dr Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs.


Forbes
3 days ago
- Business
- Forbes
Powering The Future: Why America Must Double Down On Nuclear Energy
Abstract: I believe nuclear energy is poised for a vital resurgence. Amid rising global temperatures, surging data center demand, and bipartisan support for innovation, now is the time to double down on nuclear power. This article explores the environmental, economic, and health benefits of next-generation nuclear energy—from advanced reactor technology and the ADVANCE Act to Tennessee's leadership and global developments. With zero carbon emissions, unmatched reliability, and growing private sector investment, nuclear energy can be the cornerstone for America's clean, resilient, and competitive future. Thermal power plant A Nuclear Wake-Up Call from Washington On May 23, 2025, the Trump administration issued a sweeping set of executive orders aimed at jumpstarting the U.S. nuclear energy industry. In a ceremony at the White House, the President announced directives for the Nuclear Regulatory Commission (NRC) to overhaul and streamline its approval process, aiming to license new reactors within just 18 months. Another order instructed the Departments of Energy and Defense to explore building reactors on federal lands, including military bases and data center sites. The orders set an ambitious goal: quadruple the nation's nuclear capacity from 100 to 400 gigawatts by 2050. In doing so, the administration hopes to power an AI- and cloud-driven economy while cutting carbon emissions and bolstering U.S. energy independence. But the proposals as you might expect are not without controversy. Some scientists and regulatory experts fear the orders could weaken safety oversight. Critics worry that consolidating power over the NRC under the White House may erode its independence. Still, the underlying signal is clear: nuclear power is back in the national spotlight—and I strongly agree that it's time we take that seriously. As a former US senator, physician, and Tennessean who has long championed science-based energy solutions at the federal and state level, I believe this moment presents a powerful opportunity. Done right—with safety, science, and transparency at the forefront—this could mark a turning point. The time to double down on nuclear is now. The Case for Nuclear Energy Nuclear energy has long been at the center of energy debates since I entered the Senate in 1995, but its importance is becoming clearer than ever. As a carbon-free, high-capacity, and dependable power source, nuclear energy now provides half of America's clean (carbon-free) electricity. Unlike wind and solar, which depend on fluctuating weather patterns, nuclear plants run at full capacity 93% of the time, far exceeding wind (33%) and solar (23%), promising a more consistent and large-scale energy supply. The environmental benefits of nuclear power to our human health are undeniable. According to the U.S. Department of Energy, nuclear energy prevents 470 million metric tons of CO₂ emissions each year, equivalent to removing 100 million cars from the road. Interestingly, countries with strong nuclear programs have 19% lower carbon footprints than the global average. Irrespective of one's view on climate change, less carbon in the air is better for your health and well-being. Concerns over cost and nuclear waste management continue, but advancements in reactor technology are actively addressing both challenges. The ADVANCE Act (Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy), passed into law in 2024 with overwhelming bipartisan support, is already streamlining reactor licensing, accelerating deployment, and cutting regulatory barriers. Meanwhile, small modular reactors (SMRs) and microreactors promise safer, more affordable, and faster-to-build nuclear energy solutions. The federal government's $900 million investment in SMR technology underscores the confidence in this next-generation nuclear infrastructure. With AI data centers, electric vehicles, and industrial expansion leading to a huge surge in U.S. energy demand, nuclear energy stands as the most scalable, carbon-free solution to meet these growing needs. Planetary Health is Essential for Human Health As a physician I look at planetary health through the lens of how it affects the health of individuals and their families. The changing climate with hotter days and increased weather extremes is not just an environmental issue; with advancing science we now know it is a serious public health concern as well. Record-breaking heat waves now occur annually, with over 1,200 deaths per year in the U.S. attributed to extreme heat. Asthma, heart attacks, and vector-borne diseases like Lyme and West Nile virus are all on the rise. Wildfires, fueled by higher temperatures, are blanketing communities in toxic smoke. To more fully protect public health, we must reduce greenhouse emissions. Nuclear energy, which produces zero emissions during operation and has the potential to rapidly scale, is one of the most powerful tools we have to do so. Favorable Public Opinion and Bipartisan Support is on the Rise When I was in the Senate 20 years ago, public attitudes on nuclear energy were for the most part negative. That has dramatically changed. According to a 2024 survey, the percentage of Americans who 'strongly' or 'somewhat support' nuclear power rose from 49% to 61% between 2018 and 2022. While support dipped slightly in 2023, it rebounded to 55% in 2024, reflecting a growing recognition of nuclear power's role in energy security and climate action. Concerns over safety, waste disposal, and nuclear proliferation have steadily declined, though cost remains a primary public concern. However, the momentum in policy as reflected in last week's executive orders and last year's ADVANCE Act, investment (see below with private sector commitments), and innovation suggest that affordability challenges will be mitigated in the coming years. In the Senate I learned that policy frequently follows public support, and that support is especially impactful if it is bipartisan. Bipartisan support for nuclear power is stronger than ever. The same 2024 survey found that 56% of Democrats and 62% of Republicans support nuclear expansion, a rare point of political agreement. This was seen in the passage of the ADVANCE Act last July, which received significant support from both parties. In the words of Senator Shelley Moore Capito ( then Ranking Member of the Senate Environment and Public Works Committee: 'With the ADVANCE Act being signed into law, we secured a landmark win for the future of nuclear energy here in America. Getting substantive, bipartisan policy across the finish line isn't always easy, but this is the result of years of work to build widespread consensus about the benefits of advanced nuclear reactors to our electric grid, economy, and environment.' At the 29th annual United Nations Climate Change Conference in 2024, more than 20 countries pledged to triple nuclear capacity by 2050, showing global confidence in nuclear energy as a critical tool for decarbonization. The return of Three Mile Island Unit 1 in Pennsylvania (Microsoft supported) and Palisades in Michigan, along with the completion of Vogtle Units 3 and 4 in Georgia (the first newly built nuclear reactors in the US in over 30 years), signals that skepticism toward nuclear power is giving way to renewed optimism. Tennessee's Nuclear Legacy I have followed nuclear issues in Tennessee for three decades, first in my years representing Tennessee in the Senate from 1995 until 2007, and now in my work to advance planetary health. The state's relationship with nuclear energy runs deep. It was at Oak Ridge, during the Manhattan Project, where the modern atomic age was born. Oak Ridge National Laboratory remains a hub of innovation today, including work on advanced reactor designs, nuclear fuels, and safety technologies. And the Tennessee Valley Authority (TVA)—created during the Great Depression to bring electricity and economic development to the region—was one of the earliest adopters of civilian nuclear power. In fact, the first commercial nuclear reactor in the U.S. to supply electricity to the grid was TVA's Browns Ferry Nuclear Plant in northern Alabama, just across the Tennessee border. Since then, TVA has become one of the largest nuclear operators in the country, running seven nuclear reactors at three sites: Watts Bar, Sequoyah, and Browns Ferry. Today, nuclear provides nearly 40% of Tennessee's electricity, making it the state's largest single source of carbon-free power. It helps keep our grid reliable and our emissions lower—even as we electrify more of our economy. On January 20, 2025, TVA announced an $800 million initiative to build small modular reactors (SMRs) statewide, with support from Oak Ridge National Laboratory. SMRs, being smaller than traditional reactors, offer enhanced safety, scalable design, and versatile deployment in remote areas or existing power grids. The first of these reactors are expected by 2033. Just this month, TVA became the first utility company in the United States to request a permit to construct a small modular reactor. TVA is embracing public-private partnerships to address safety, affordability, and speed. Tennessee is showing the country what smart, collaborative, innovation-driven energy policy looks like. Sequoyah Nuclear Power Plant, aerial view, TN, USA The Data Center Boom and Tech Investment We are on the cusp of a global energy explosion. By 2040, total electricity demand in the U.S. is projected to increase by 30%, with AI data centers alone expected to consume 8–10% of global power. According to Goldman Sachs, their energy consumption is projected to rise by 160% by 2030. These servers must run 24/7, with no downtime. That means energy sources must be baseload—always on, unlike solar or wind. Nuclear can help fill that gap. Plants operate at over 90% capacity, more than any other energy source. They are ideal for powering industrial clusters, tech campuses, and secure defense operations. We are seeing the tech giants making massive investments in nuclear energy: • Microsoft is backing the recommissioning of Three Mile Island Unit 1 and Palisades. • Google is investing in seven SMRs through Kairos Power, targeting 500 MW by 2035. • Amazon has partnered with X-energy to develop 5 GW by 2039. • Oracle has secured permits for three SMRs. In addition, Major financial institutions such as Goldman Sachs, Morgan Stanley, and Bank of America, have also begun financing nuclear projects, a significant reversal from previous hesitations. Global Nuclear Momentum The U.S. helped pioneer nuclear energy—but we're now falling behind. China leads the world in reactor construction, building more reactors than the next six countries combined. It is developing fourth-generation reactor technology and dominates global nuclear patents. China's ACP100 'Linglong One' small modular reactor, expected to be operational by the end of this year, is the world's first land-based, commercial small modular reactor. Finland is developing the world's first deep geological repository for nuclear waste (called Onkalo), widely viewed as the most advanced and safest permanent waste solution in the world, while Sweden, France, and South Korea continue expanding their fleets. Safety and Waste, Complicated but Manageable Challenges Safety must remain paramount. After the 1979 partial meltdown at Three Mile Island, U.S. regulators took bold steps to ensure no such incident would happen again. And they succeeded: since then, America's nuclear fleet has operated with an exceptional safety record. Modern reactors feature passive cooling, redundant safety layers, and real-time monitoring. Nuclear has the lowest mortality rate per kilowatt-hour among major energy sources. During my tenure in the Senate, the nuclear waste debate was front and center—dominated by Yucca Mountain and whether to proceed with construction and licensing, how to do so safely, and what to do in the meantime. We saw deep partisan divisions, but also a rare bipartisan urgency to find a long-term solution—one that, more than two decades later, remains unresolved. Today, all of the commercial nuclear waste generated in the U.S. could fit on a single football field, stacked 30 feet high. It is currently stored safely on-site at reactor locations in dry casks, encased in steel and concrete. But as nuclear power expands, we'll need a more robust and permanent solution. In recent years, the Department of Energy has taken steps to reimagine its nuclear waste strategy. Its Office of Environmental Management released its Strategic Vision for 2024-2034 that emphasizes environmental and climate considerations and leans heavily on public-private partnerships. Yet this effort has not gone without scrutiny. The Government Accountability Office flagged key shortcomings, including a lack of comprehensiveness and inconsistencies with statutory requirements. Still, there are signs of progress. We are seeing a shift toward greater transparency, shared responsibility, and collaboration between government, industry, and communities—all essential if we are to ensure public trust and long-term safety. Atomic plant Vogtle, is a 2-unit nuclear power plant located in Burke County, near Waynesboro, ... More Georgia in USA. Each unit has a Westinghouse pressurized water reactor (PWR), with a General Electric turbine and electric generator, producing approximately 2,400 MW of electricity. The site is seeing the 'rebirth' of nuclear power in USA with the on going construction two Westinghouse made AP 1000 reactors considered very safe. The world's largest land crane cane be seen also nuclear waste canisters (Photo by Pallava Bagla/Corbis via Getty Images) Innovations and Key Events Placing Progress in Perspective As I engage on nuclear issues, I am frequently asked for some of the exciting things happening in the US. Here are some examples: • The ADVANCE Act, passed in 2024, is streamlining licensing and accelerating deployment. • Vogtle Unit 3 and Unit 4 were completed in 2023 and 2024 respectively, becoming the first commercial reactors completed in the U.S. this century. Upon completion, Vogtle Unit 4 became the largest clean energy facility in the United States. • The Natrium Project, an innovative nuclear facility proposal backed by Bill Gates' TerraPower, has received approval to replace a retired coal plant Wyoming. • Deep Fission, a nuclear startup, is designing underground microreactors for data centers, aiming for operation by 2029. • A $900 million federal initiative is funding SMR demonstrations to prove their economic feasibility. • The Department of Energy is engaging in new international partnerships, such as the establishment of training centers in Poland and Ghana, which are expanding global nuclear expertise. The Path Forward To harness the full potential of nuclear energy, we must streamline the regulatory process and accelerate licensing for new plants and technologies. The ADVANCE Act was an important first step, but it's just the beginning. We also need to invest boldly in research and development—supporting innovation that not only expands our energy capabilities but also improves how we manage nuclear waste. Innovation alone isn't enough. Public engagement and education will be key to building trust. And international collaboration, learning from global leaders and sharing best practices, will help ensure we get this right. We live in a remarkable moment in history. Yes, there's uncertainty. But there is also immense opportunity. The full potential of nuclear innovation has yet to be realized, and that should inspire optimism. By investing in nuclear energy and research, I believe we can secure a healthier, safer, and more economically resilient American future. As a physician, I see the health consequences of air pollution and rising heat. As a policymaker, I see the urgency of real, science-based climate action. And as a Tennessean, I see a state that is showing the nation how to lead. Let's double down on nuclear—for our climate, our economy, and our health.


Globe and Mail
3 days ago
- Business
- Globe and Mail
NANO Nuclear Energy Closes $105 Million Common Stock Private Placement
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@ Business Tel: (212) 634-9206 PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE: NANO Nuclear Energy LINKEDIN NANO Nuclear Energy YOUTUBE NANO 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.