Nano Nuclear Energy Inc
NASDAQ:NNE
Nano Nuclear Energy Inc
Nano Nuclear Energy Inc is a US-based company operating in Electrical Equipment industry. The company is headquartered in New York City, New York. The company went IPO on 2024-05-08. Nano Nuclear Energy Inc. is an early-stage nuclear energy company. The firm is focused on developing smaller, cheaper, and safer advanced portable clean energy solutions utilizing proprietary reactor designs. The company is focused on four business lines, including Micro Nuclear Reactor Business, Fuel Fabrication Business, Fuel Transportation Business and Nuclear Consultation Services. The firm is developing advanced nuclear microreactors, in particular ZEUS, a solid core battery reactor, and ODIN, a low-pressure salt coolant reactor. With these products, it is advancing the development of portable, on-demand capable, advanced nuclear micro reactors. Through its subsidiary, HALEU Energy Fuel Inc., and in coordination with DOE and INL, the Company is seeking to develop a domestic High-Assay Low-Enriched Uranium (HALEU) fuel fabrication facility to supply the fuel not only for its own reactor products, but to the advanced nuclear reactor industry in general.
Nano Nuclear Energy Inc is a US-based company operating in Electrical Equipment industry. The company is headquartered in New York City, New York. The company went IPO on 2024-05-08. Nano Nuclear Energy Inc. is an early-stage nuclear energy company. The firm is focused on developing smaller, cheaper, and safer advanced portable clean energy solutions utilizing proprietary reactor designs. The company is focused on four business lines, including Micro Nuclear Reactor Business, Fuel Fabrication Business, Fuel Transportation Business and Nuclear Consultation Services. The firm is developing advanced nuclear microreactors, in particular ZEUS, a solid core battery reactor, and ODIN, a low-pressure salt coolant reactor. With these products, it is advancing the development of portable, on-demand capable, advanced nuclear micro reactors. Through its subsidiary, HALEU Energy Fuel Inc., and in coordination with DOE and INL, the Company is seeking to develop a domestic High-Assay Low-Enriched Uranium (HALEU) fuel fabrication facility to supply the fuel not only for its own reactor products, but to the advanced nuclear reactor industry in general.
Strong Cash Position: Nano Nuclear ended Q1 with $577.5 million in cash and cash equivalents, following an October private placement that raised $400 million.
KRONOS Progress: The company advanced its KRONOS MMR microreactor project, completed site work at University of Illinois, and is on track to submit a construction permit application to the NRC in the first half of 2026.
Strategic Partnerships: Multiple MOUs were signed, including with DS Danseok for manufacturing in Korea, BaRupOn for a potential 1 GW deployment to an AI data center, and Ameresco for EPC integration.
Vertical Integration: Nano is expanding efforts across the nuclear fuel supply chain, including partnerships, acquisitions, and engagement with enrichment and fuel manufacturing companies.
Q1 Financials: Q1 net loss was $6.5 million, due to increased investments in KRONOS and strategic growth, partially offset by $5 million in interest income.
Guidance & Milestones: Management expects licensing milestones in 2026, commercial announcements, and further supply chain integration; construction on the first prototype targeted for mid-to-late 2027, with a roadmap to operation by 2030.
Industry Trends: Growing demand for baseload energy, especially from data centers and industrial users, is driving interest in microreactors, with policy and market support increasing.
