Nano Nuclear Energy Inc. Stock Price, News & Analysis

NANO Nuclear Energy (NASDAQ: NNE) has executed a definitive agreement to acquire nuclear energy technology assets from Ultra Safe Nuclear (USNC) for $8.5 million in cash through a Chapter 11 bankruptcy auction. The acquisition includes USNC's patented Micro Modular Reactor (MMR®) system and Pylon reactor technology, along with associated patents and demonstration project partnerships.

The MMR® Energy System is a zero-carbon nuclear power plant designed to produce up to 45 MWth of power, while the Pylon reactor provides between 1-5 MWth. These complement NANO Nuclear's existing 'ZEUS' and 'ODIN' microreactors (1-1.5 MWth). The MMR system is being demonstrated at Canadian Nuclear Laboratories and the University of Illinois, while Pylon is scheduled for demonstration at Idaho National Laboratory's DOME facility by 2027.

NANO Nuclear Energy (NASDAQ: NNE) and Digihost Technology (NASDAQ/TSXV: DGHI) have jointly submitted a response to the New York State Energy Research and Development Authority's (NYSERDA) Request for Information regarding advanced nuclear energy technologies. This submission follows their December 13 MOU to transition Digihost's 60-megawatt power plant in upstate New York to carbon-free energy.

The RFI, announced on November 15, 2024, seeks to explore market interest in renewable deployment and advanced nuclear technology development, including NANO Nuclear's 'ZEUS' and 'ODIN' microreactors. The collaboration aims to support New York State's goals of achieving a zero-emission grid and provides practical strategies for addressing energy challenges faced by industries within the state.

NANO Nuclear Energy (NASDAQ: NNE) and Digihost Technology (NASDAQ/TSXV: DGHI) have signed a Memorandum of Understanding (MOU) to integrate carbon-neutral advanced nuclear energy systems at Digihost's 60MW power plant in upstate New York. The collaboration aims to deploy NANO Nuclear's 'ZEUS' and 'ODIN' portable microreactors by 2031, replacing Digihost's existing infrastructure to provide clean energy for its AI-driven data centers and digital asset colocation programs.

The non-binding MOU establishes a framework for enhancing public understanding of nuclear energy and includes NANO Nuclear providing consulting services for regulatory advice, site assessment, roadmap development, and stakeholder engagement. The project involves comprehensive site assessment, preparation, and development of a phased implementation strategy.

LIS Technologies (LIST) and NANO Nuclear Energy (NASDAQ: NNE) have been selected as one of six contract awardees for the U.S. Department of Energy's Low-Enriched Uranium (LEU) Enrichment Acquisition Program. The program has a total appropriation of $3.4 billion over 10 years, with minimum task order values of $2 million each.

LIST will serve as the prime contractor, with NANO Nuclear as a key subcontractor. The collaboration will focus on uranium enrichment processes using LIST's laser technology, while NANO Nuclear will contribute to fuel deconversion, fabrication, and transportation. This initiative aims to strengthen domestic fuel supply chains and reduce U.S. reliance on foreign uranium supplies.

NANO Nuclear Energy (NASDAQ: NNE) has appointed Michael A. Norato, Ph.D. as Director of Nuclear Facilities and Infrastructure. Dr. Norato, with over 25 years of experience in nuclear fuel and waste processing, will oversee the construction, development, and licensing of NANO Nuclear's facilities, including its 14,000 sq. ft. Oak Ridge Nuclear Technology Headquarters and future test bed reactor sites for the 'ZEUS' and 'ODIN' microreactors.

Dr. Norato brings extensive experience from leadership positions at Idaho National Laboratory, U.S. Department of Energy Office of Environmental Management, NRC, and Savannah River National Laboratory. He will lead the establishment of deconversion and fuel processing facilities, advancing NANO Nuclear's goal of becoming a vertically integrated leader in the U.S. nuclear fuel cycle while ensuring compliance with regulatory requirements.

NANO Nuclear Energy Inc. (NASDAQ: NNE) has signed a Memorandum of Understanding (MOU) with the Government of the Togolese Republic to advance nuclear reactor development and deployment in Togo. The collaboration aims to supplement Togo's energy initiatives with advanced nuclear technologies, including NANO Nuclear's microreactors 'ZEUS' and 'ODIN'.

The company will evaluate regional energy needs for remote mines, industries, data centers, towns, hospitals, and desalination plants throughout Togo. This marks NANO Nuclear's second MOU in Africa, following its collaboration with the Rwanda Atomic Energy Board in August 2024.

The initiative includes plans to establish training courses for nuclear physicists and engineers in collaboration with Cambridge University and the Togo Ministry of Education to build a sustainable nuclear energy ecosystem in the country.

NANO Nuclear Energy (NASDAQ: NNE) has signed a Memorandum of Understanding (MOU) with the U.S. Department of Energy (DOE) Idaho Operations Office to evaluate the feasibility of siting its 'ZEUS' and 'ODIN' experimental microreactors at the Idaho National Laboratory (INL). The five-year agreement includes site evaluations, NRC licensing support, and development of operational and security plans.

The collaboration will assess INL's infrastructure suitability and secure land-use agreements for the microreactors, which are designed to deliver clean, portable power solutions for remote and industrial applications. Each party will bear its own costs under the MOU, which also covers regulatory coordination, communication strategies, and environmental compliance under NEPA.

NANO Nuclear Energy (NASDAQ: NNE) has signed a non-binding MOU with Vert2Grow Energy Solutions to explore integrating portable microreactor technology with vertical farming solutions. The two-year exploration aims to provide sustainable power and food production to remote communities worldwide. The collaboration includes Food Security Structures Canada (FSSC), which specializes in vertical farming systems. The project scope encompasses feasibility studies, site selection across multiple regions, and plans for a potential pilot program by 2027. The initiative targets deployment in the early 2030s, pending regulatory approvals, focusing on remote communities, disaster-prone areas, and industrial sites.

NANO Nuclear Energy (NASDAQ: NNE) announced its senior executives will participate in the Benchmark Company's 13th Annual Discovery One-on-One Conference on December 11th, 2024, at the New York Athletic Club. The conference will feature over 50 micro- and small-cap companies and attract 250 institutional investors.

Founder and Chairman Jay Yu expressed enthusiasm about sharing the company's growth strategy and building new relationships. CEO James Walker highlighted the momentum in the U.S. nuclear energy industry and NANO Nuclear's positioning to capitalize on these developments. The event aims to facilitate meaningful dialogue between investors and companies in a focused setting.