Nano Nuclear Energy Inc. Stock Price, News & Analysis

NANO Nuclear Energy (NASDAQ: NNE) has rebranded its recently acquired Micro Modular Reactor (MMR®) Energy System as KRONOS MMR™. The system is a stationary small modular nuclear reactor designed to deliver carbon-free electricity and process heat, operating at power levels up to 45 MWt (15 MWe) with a compact footprint under 5 acres.

KRONOS MMR™ joins NANO Nuclear's existing portfolio of proprietary microreactor technologies, including 'ZEUS', 'ODIN', and the Pylon reactor. The system can utilize both low-enriched uranium (LEU) or high-assay low-enriched uranium (HALEU) and is specifically designed to serve high-energy demand markets such as data centers, AI facilities, and manufacturing operations.

The technology was previously developed at Canadian Nuclear Laboratories in collaboration with Ontario Power Generation and the University of Illinois. It holds the distinction of being the first small modular reactor to enter formal licensing review with the Canadian Nuclear Safety Commission. Pending Canadian governmental approvals, further demonstrations are planned at Chalk River Laboratories as part of the Global First Power initiative.

NANO Nuclear Energy (NASDAQ: NNE) announced the acquisition of patented Micro Modular Reactor (MMR®) and Pylon Transportable Reactor technologies from Ultra Safe Nuclear (USNC) for $8.5 million.

This acquisition enhances NANO Nuclear's patent portfolio with 38 issued and pending patents, including U.S. and Canadian patents, and brings key collaborations, such as the University of Illinois at Urbana-Champaign demonstration project.

The MMR® system is designed for stationary installations producing up to 45 MWth, while the Pylon reactor is portable, offering 1-5 MWth for various applications, including remote, marine, and space deployments. NANO Nuclear aims to demonstrate these technologies at Idaho National Laboratory's DOME facility by 2027.

The acquisition also includes contracts and potential future technology licenses in the UK, pending approvals. This move positions NANO Nuclear as a leader in advanced nuclear reactor technology, targeting high-energy-demand markets like data centers and industrial applications.

NANO Nuclear Energy Inc. (NASDAQ: NNE) has announced its senior executives will present at the 27th Annual Needham Growth Conference on January 15, 2025, at the Lotte NY Palace Hotel. The conference, scheduled for January 14-15, 2025, will feature company presentations, fireside chats, thematic panels, and one-on-one meetings with qualified institutional, private equity, and venture capital investors.

Jay Yu, Founder and Chairman of NANO Nuclear Energy, expressed excitement about updating institutional investors on recent milestones that will drive the company in 2025. James Walker, CEO and Head of Reactor Development, highlighted the event as an excellent opportunity to connect with investors and discuss growth plans while gaining market insights.

NANO Nuclear Energy (NASDAQ: NNE) reported its fiscal year 2024 results and corporate outlook. The company raised approximately $134 million in capital during 2024 through various offerings and currently holds over $120 million in cash. Key achievements include the acquisition of patented MMR® and Pylon technologies, expansion of nuclear fuel transportation technology, and strategic partnerships with the Department of Energy.

The company was selected for inclusion in the Russell 3000® Index and strengthened its leadership team with former government officials and industry experts. NANO Nuclear established its Technology Headquarters in Oak Ridge, Tennessee, and formed partnerships for nuclear fuel enrichment and space applications. The company secured multiple MOUs with governments and agencies, including Rwanda and Togo, while advancing its microreactor technologies 'ZEUS' and 'ODIN'.

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.