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Nano Nuclear Energy (NNE +4.57%), as its name suggests, is designing microreactors. Picture, for a second, a nuclear reactor packed into a shipping container. That, in an image, is what Nano is trying to accomplish.

The company isn't earning commercial revenue from its reactors yet, nor does it have an NRC-approved design. As such, it's very much an early-stage nuclear company with high ambitions and plenty of "unknowns" that could ruin them.

The near-term path for this nuclear stock will be more turbulent than comforting -- risk-tolerant investors only at this point -- but if you can hold fast without letting go, this nuclear stock could be a long-term winner, possibly even growing 15 times by 2040.

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How could that happen? Let's run a quick scenario. Let's assume Nano has 70 million shares outstanding (it currently has about 52.1 million, but dilution will likely happen). If those shares were worth about $250 apiece, the company would carry a $17.5 billion market cap. Now, supposing Nano trades at 5 times annual sales, then its annual revenue would need to be about $3.5 billion.

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Great, you might think, the back-of-the-envelope math checks out. But, practically speaking, could Nano's annual revenue grow to $3.5 billion by 2040?

Image source: Getty Images.

It's not outlandish, but operationally it would be ambitious. Indeed, several things would need to go right. Its microreactors would need to clear regulatory hurdles, and deployments would need to become routine. The company would also need to advance its transportation and fuel-related operations, plus rake in recurring revenue from services and consulting work.

Suppose, purely for illustration purposes, that Nano recognized $100 million in revenue from each reactor deployment. To reach $3.5 billion, it would need to deploy about 35 reactors a year. That doesn't mean it needs 35 customers; its reactors are so small that a single project could deploy a dozen or more units. A handful of big projects could, therefore, carry Nano most of the way toward the revenue needed to support a multibillion-dollar valuation.

Don't get me wrong: Nano isn't a safe stock, and the volatility might make the least risk-tolerant investors uneasy. Aggressive investors who want exposure to advanced nuclear and AI energy might want to proceed; however, more risk-averse investors might be more interested in a nuclear energy exchange-traded fund (ETF).

Engineering milestone evidences continued maturation of the  KRONOS MMR™ Energy System , reducing technical risk while supporting advancement toward future first-of-a-kind deployment, component standardization, and commercialization.

New York, New York--(Newsfile Corp. - July 17, 2026) - NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or "the Company"), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, today announced its membership in the Virginia Nuclear Energy Consortium ("VNEC").

VNEC brings together leading nuclear technology developers, utilities, engineering and construction companies, universities, research institutions and other participants in Virginia's nuclear industry. Its mission is to sustain and strengthen Virginia's position as a national and global leader in nuclear energy by facilitating collaboration, business development, research, training and informed public policy.

Through its membership, NANO Nuclear Chief Executive Officer James Walker will join the VNEC Board of Directors to help implement the organization's mission and priorities. NANO Nuclear's VNEC membership also brings with it the opportunity for VNEC to advocate for NANO Nuclear's interests.

VNEC was established by Virginia statute and formally created in 2015 to promote, support, and advance the nuclear industry across the Commonwealth. VNEC serves as a trusted public resource on nuclear energy issues and brings together industry partners, higher education institutions, federal laboratories, and nonprofits to accelerate research, workforce development, and technology commercialization in Virginia.

Virginia's Leadership in Nuclear Energy

VNEC, with industry and stakeholders, developed the Virginia Is Nuclear 2025-2029 Strategic Plan to deploy advanced and small modular reactors, establish a research and education reactor facility through the Virginia Innovative Nuclear Hub, secure funding for new nuclear projects spanning manufacturing, fuel fabrication, and nuclear medicine, expand the nuclear supply chain, build workforce pipelines, and engage stakeholders on nuclear energy's clean, reliable energy future.

Virginia's well-established port infrastructure, nuclear fuel fabrication firms, shipbuilding operations, and tens of thousands of nuclear-capable workers, make these goals achievable. Virginia's assets build on a legacy that dates to the first energy delivered to the grid via the nuclear generator at Fort Belvoir in 1957.

Supporting the World's Largest Data Center Market

Virginia is home to the world's largest data center market and one of the largest concentrations of hyperscale computing infrastructure globally. The continued expansion of artificial intelligence, cloud computing and digital services is driving substantial growth in electricity demand and creating an urgent need for additional sources of dependable, around-the-clock generation.

At the same time, Virginia has taken a proactive approach to managing the infrastructure and affordability implications of data center growth. State policymakers and regulators have advanced dedicated rate structures and cost-allocation protections for large-load customers, while examining energy forecasting, grid reliability, demand flexibility, generation development and the infrastructure required to sustain continued economic expansion.

Virginia has also identified advanced nuclear energy as a potential source of reliable, carbon-free power capable of supporting data centers, manufacturing facilities, hospitals, military installations and other critical infrastructure.

NANO Nuclear intends to use its VNEC membership to build relationships with organizations evaluating future power solutions for data centers and other high-load industrial customers in the Commonwealth. NANO Nuclear believes its advanced reactor portfolio may ultimately offer a range of potential applications, including dedicated generation, resilient campus power, industrial heat, grid support and energy systems serving remote or infrastructure-constrained locations.

"Virginia represents one of the most compelling locations in the United States for the future deployment of advanced nuclear technology," said Jay Yu, Chairman and Founder of NANO Nuclear Energy. "It combines a deeply established nuclear industry, world-class universities, a highly capable technical workforce, major defense and national security activities, and the largest concentration of data centers anywhere in the world. Joining VNEC gives NANO Nuclear a meaningful platform from which to participate in Virginia's nuclear strategy and explore how our technologies could contribute to the Commonwealth's rapidly growing need for reliable, resilient and clean power. Becoming a member of VNEC is not simply a networking exercise; it gives NANO Nuclear a seat at the table as Virginia considers how to expand its nuclear industry, support unprecedented electricity demand, and build the workforce and infrastructure required for the next generation of nuclear deployment. We look forward to being an active member, contributing our expertise and pursuing opportunities that can create lasting value for both NANO Nuclear and the Commonwealth."

"VNEC has assembled an exceptional network of companies, academic institutions and public-sector leaders that share our belief that advanced nuclear energy will be essential to meeting future energy demand," said James Walker, Chief Executive Officer of NANO Nuclear Energy. "Our membership places NANO Nuclear within an influential and highly collaborative nuclear community at exactly the right time. Virginia is actively investing in advanced nuclear research, workforce development and deployment readiness, and we believe NANO Nuclear can make a valuable contribution to that effort while developing important long-term commercial relationships. NANO Nuclear's vertically integrated strategy is particularly well aligned with Virginia's ambitions, as we are developing advanced reactors while simultaneously building capabilities in nuclear fuel, transportation, engineering and deployment. VNEC provides a forum through which these different business lines can be introduced to organizations across Virginia's energy, academic, manufacturing, defense and technology sectors."

Expanding NANO Nuclear's National Footprint

NANO Nuclear's membership in VNEC represents part of the Company's broader effort to establish relationships with leading universities, national laboratories, government agencies, utilities, industrial customers and nuclear supply chain participants throughout the United States.

The Company is currently advancing its KRONOS MMR™ Energy System and associated fuel, transportation and manufacturing capabilities. Through VNEC, NANO Nuclear intends to explore opportunities across its broader portfolio rather than limiting its participation to a single technology or project.

About NANO Nuclear Energy, Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is a North American 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 supply chain, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services.

Led by a world-class nuclear engineering team, NANO Nuclear's reactor products in development include the proprietary 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, "ZEUS", a portable solid core battery 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, bolstered by the May 2026 acquisition of Secured Transportation Services (STS), is led by former executives from the largest transportation company in the world and provides nuclear engineering and materials transport services in the U.S. and globally. 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.

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: https://NanoNuclearEnergy.com/

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Cautionary Note Regarding Forward-Looking Statements

This news release and statements of NANO Nuclear's management and collaborators in connection with this news release 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", "explore," "plans", "aim," "goal," "believes", "potential", "will", "should", "could", "would" or "may" or derivations of these words and other words of similar meaning about the future. In this press release, forward-looking statements include those relating to the anticipated benefits of the Company of joining VNEC as well as the Company's development and commercial plans in the Commonwealth of Virginia. 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"), U.S. Nuclear Regulatory Commission ("NRC"), Canadian Nuclear Safety Commission ("CNSC") or related state or other U.S. or non-U.S nuclear licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complementary 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 NRC, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating a developing business a highly regulated, competitive and rapidly evolving industry, including that our plans may change and we may use our cash on hand faster or in different ways than anticipated as our business requires. 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 www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305531

Source: NANO Nuclear Energy Inc.

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Nano Nuclear Energy (NNE 1.92%) is a company that, as its name suggests, wants to build a very tiny nuclear reactor, so tiny it could fit on a semi-truck. If you've ever seen how much land a traditional nuclear power plant takes up, then you, too, might be amazed at the kind of Honey, I Shrunk the Kids feat Nano is trying to pull off.

Image source: Getty Images.

Like other nuclear energy companies making small and microreactors -- Oklo, for instance -- Nano is currently operating in the uncomfortably slow beginning stages of pre-regulatory existence. There's no telling when Nano will get the NRC's blessing to commercialize its reactors, but most estimates point to a two-year waiting period before Nano's revenue growth becomes something.

Data by YCharts.

Nano stock has been trading lower on the year, but a recent $13 million acquisition might give this pre-revenue nuclear stock a bright star in its immediate future.

I'm talking, of course, about Secured Transportation Services (STS), a profitable company specializing in the conveying of nuclear and radioactive materials, which Nano acquired at the end of May 2026. Considering that Nano wants to transport its reactors, as well as participate in the fuel supply chain, this move was a very smart first step toward building that broader nuclear ecosystem.

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With STS, Nano can start generating revenue, adding a little cushion to its already robust liquidity of $569 million.

Even so, there's no guarantee that Nano will succeed in commercializing its reactors; even if it does, scaling production will be costly and lengthy. But as power demands from AI data centers escalate, the market opportunity for Nano may be large enough to overcome today's risks.

I wouldn't recommend Nano to the risk-averse, but those with a greater tolerance for volatility might want to consider a small position for the long-term gains it could deliver.

Steven Porrello has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Nano Nuclear Energy (NNE +2.16%) isn't a normal nuclear company. It doesn't operate nuclear power plants, nor does it have plans to start generating electricity anytime soon.

Instead, it's operating in the new "advanced nuclear technology" space, which aims to make nuclear reactors smaller, cheaper, and easier to deploy. These reactors -- many still years from commercialization -- have an edge over traditional power plants. Not only do they deliver continuous, 24/7 power, but they can be assembled near where the power is needed.

That "co-location" with customers is why they seem like ideal companions for AI data centers, which is one reason Bank of America expects small reactor technology to grow into a multitrillion-dollar opportunity. So, Nano certainly has the kind of unique selling proposition that, in hindsight, might make investors wish they had gotten in early.

But can Nano really deliver on that potential -- and should investors jump on the nuclear stock today? Let's take an honest look.

Image source: Getty Images.

How could Nano Nuclear realistically mint new millionaires from here? Nano is designing portable (and stationary) microreactors. Its flagship product, Kronos, is currently making its way through the approval process of the Nuclear Regulatory Commission's (NRC). The company also wants to participate in the nuclear supply chain, from fuel services to transportation, making it a vertically integrated company.

The path to success appears straightforward. For Nano stock to truly become a millionaire maker, the company needs to pass the NRC process with flying colors, finish its first reactor construction at the University of Illinois Urbana-Champaign, use the impeccable success of that first reactor to draw in paying customers, then monetize the other parts of its business -- like transportation and fuel -- while it waits for revenue from reactor sales.

What could go wrong, right?

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Well, at this point, almost everything. First, the NRC regulation process could stall, or take longer than expected. Future reactor projects could take much longer to execute than originally predicted -- this is very common with nuclear projects -- or the costs could be higher than anticipated. There could be fuel constraints or other supply chain disruptions. These challenges could cause the company to raise additional financing, which could dilute shares for existing holders.

To be sure, these are just my speculations. My point, however, is that too many open questions exist to call Nano a strong buy right now; it has the potential to become a millionaire maker, but it also has the same potential to flop.

Should you buy Nano Nuclear stock? At the end of the day, Nano is trying to create a full operating system for microreactors. That is going to take time, and investors should plan for plenty of obstacles, hiccups, and setbacks along the way. I would not buy Nano if volatility makes you uneasy, or if your time horizon isn't long enough to reap the benefits of this company's long-standing work.

If, however, you want exposure to microreactor technology, buying a few shares of Nano at today's price could be worthwhile over a long period. Just understand what Nano is right now -- a mostly pre-revenue nuclear company without a commercialized reactor yet -- and exercise prudence in measuring your position.

Global energy markets are quietly undergoing a massive structural shift. As countries race to secure reliable power that produces no carbon emissions, a once-niche technology has moved to the center of national security planning: the small modular reactor, or SMR. SMRs are factory-built microreactors, designed to be shipped on standard trucks and deployed rapidly, bypassing the multibillion-dollar cost overruns that plague traditional nuclear facilities.

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NNE

Nano Nuclear Energy

$21.73 +0.98 (+4.74%)

As of 10:25 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$18.93▼

$60.87Price Target$46.50

For early-stage nuclear ventures, the primary barrier to entry has always been the sheer volume of upfront capital expenditures required to survive a decade-long commercialization timeline. Retail shareholder dilution is usually the painful mechanism that bridges this cash flow gap.

Sovereign wealth is changing that math entirely. When state-linked entities enter the capital stack, the dilution threat evaporates, replacing retail risk with geopolitical insulation. Nano Nuclear Energy NASDAQ: NNE currently trades near $21 and sits squarely in the middle of this energy sector transition. Wall Street analysts anchor fair value estimates near $46.50, meaning investors need to understand the mechanics behind Nano Nuclear Energy's strategic maneuvers to position themselves ahead of the broader nuclear renaissance.

Fueling the Core With Middle Eastern CapitalThe math on advanced nuclear technology is notoriously brutal. Developing a microreactor requires years of intense engineering, extensive regulatory lobbying, and heavy cash burn. Nano Nuclear Energy reported a $9.2 million net loss in fiscal Q2 2026, a deficit driven largely by elevated headcount and vital research and development expenditures. The company consumed $9.3 million in operational cash flow over the preceding six months. For a standard micro-cap stock, this cash trajectory usually signals an impending secondary offering to raise capital, a move that effectively dilutes existing shareholders.

Shares of Nano Nuclear Energy recently rose 11% following reports of preliminary investment discussions with an entity linked to the United Arab Emirates National Security Adviser, Sheik Tahnoon Bin Zayed. This engagement operationalizes a February 2026 Memorandum of Understanding with Abu Dhabi-based EHC Investment L.L.C., a framework specifically structured to explore the deployment of KRONOS micro modular reactors across the Gulf region.

Nano Nuclear Energy Inc. (NNE) Price Chart for Thursday, July, 2, 2026

Middle Eastern sovereign wealth funds are aggressively pursuing nuclear technology to diversify their grid infrastructure away from fossil fuels. Sovereign wealth provides patient capital. State actors do not care about quarterly earnings per share; they care about 50-year dominance in infrastructure. An investment from a United Arab Emirates state-linked entity would validate the engineering behind the KRONOS system on a global stage. It would also provide the bridge capital necessary to survive the U.S. Nuclear Regulatory Commission review process without punishing early investors through dilution.

The Tech Sector Needs a Nuclear BaseloadSovereign wealth provides the geopolitical base case, but the technology sector is engineering a massive secondary catalyst. Artificial intelligence requires staggering amounts of electricity. Hyperscale data centers are physically constrained by local grid capacity, forcing tech giants to seek localized, off-grid baseload power solutions.

Nano Nuclear Energy recently executed a strategic collaboration with Super Micro Computer NASDAQ: SMCI targeting co-packaged nuclear modules for artificial intelligence server infrastructure. This concept shifts the microreactor narrative away from traditional utility applications and positions the technology squarely toward tech-driven infrastructure. Packaging KRONOS microreactors alongside hyperscale server farms allows operators to bypass regional grid limitations entirely. This positions Nano Nuclear Energy not just as an alternative energy play, but as a critical component within the physical supply chain of global artificial intelligence deployment.

A High-Yield Meltdown for SMR Short SellersUnderstanding the fundamental business is only half the equation, as understanding how the market is trading the stock is equally critical. Nano Nuclear Energy commands a valuation of roughly $1.1 billion on a highly illiquid float of 35 million shares. Short sellers currently maintain a highly aggressive posture, controlling 28.35% of the float, representing nearly 11.5 million shares sold short.

These bearish bets are anchored in traditional energy market mechanics. Short sellers are betting the commercialization timeline will starve Nano Nuclear Energy of capital, forcing a collapse in the share price before a physical reactor ever comes online. High short interest against a small float creates a powder keg for investors. The current days-to-cover ratio sits at 4.34. This metric means that even at average daily trading volumes, it would take short sellers over four consecutive days of pure buying to exit their positions.

If preliminary negotiations with the United Arab Emirates result in a definitive joint venture or a direct equity injection, the short sellers' foundational thesis is instantly undermined. A rush to cover 11.5 million shares in an illiquid market could trigger a classic, violent short squeeze. Smart money is quietly positioning for this exact upside scenario. Institutional flows showcase a net-positive accumulation trajectory, with 135 institutional buyers injecting $406.44 million over the trailing 12 months. This dwarfs the $109.75 million in institutional outflows.

The Fallout of Geopolitical FrictionA high-conviction approach requires acknowledging the structural risks. Regional geopolitical friction in the Middle East dictates the immediate deployment timeline. Chief Executive Officer James Walker explicitly stated that site selection and feasibility studies in the Gulf face delays pending a resolution to regional conflicts involving Iran.

Insider selling activity also warrants scrutiny. Chairman Jiang Yu and Chief Executive Officer James Walker liquidated a combined 700,000 shares on June 3, 2026. This equates to roughly $22 million sold via automated 10b5-1 trading plans. Prescheduled 10b5-1 plans do not necessarily indicate a lack of internal confidence, but heavy executive selling at the onset of major sovereign wealth negotiations naturally caps near-term upward momentum.

To offset the long regulatory runway of the core reactor business, management executed a critical acquisition in May 2026. The purchase of Secured Transportation Services transitions Nano Nuclear Energy from a pure pre-revenue venture into an enterprise holding a revenue-generating subsidiary.

Secured Transportation Services executes transport missions aligned with the Department of Energy and the National Nuclear Security Administration. This new cash flow, paired with a current ratio of 95.73, provides Nano Nuclear Energy with a short-term buffer against margin compression while the KRONOS reactors work through the regulatory pipeline.

Securing Your Stake in the SMR Chain ReactionThe global shift toward advanced nuclear baseloads is transitioning from speculative theory to sovereign-backed reality. Preliminary funding discussions validate the commercial viability of localized microreactors, and the integration of small modular reactors into artificial intelligence data center infrastructure opens entirely new total addressable markets.

Regional instability in the Gulf and active insider selling present tangible hurdles, but the underlying market mechanics of an illiquid float paired with heavy short interest create a highly asymmetric risk profile. Investors with a higher risk tolerance might consider adding Nano Nuclear Energy to an infrastructure watchlist as the U.S. Nuclear Regulatory Commission formalizes its review activities and sovereign wealth negotiations mature into definitive funding agreements.

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Nano Nuclear Energy (NNE +1.42%) is part of a group of nuclear companies that could be called the nuclear minnows. These companies, which also include publicly traded companies like Oklo (OKLO +2.18%) and privately held ones like TerraPower, share a common aim: to build and deploy advanced nuclear reactors.

Nano isn't the biggest name in this group, and that's exactly what's attracting aggressive investors. Like Oklo, Nano is not generating meaningful revenue, and it's mostly pre-commercial as it navigates the Nuclear Regulatory Commission's licensing process for its microreactor designs.

The risks Nano is facing are enormous, with regulatory approval being just the first. If it were to succeed, however, this stock could deliver impressive returns over the long term, perhaps enough to set you up for life.

Could Nano Nuclear Energy stock make you a millionaire? Let's take a look.

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Becoming a millionaire-maker will require everything to go right Nano Nuclear Energy is aiming to become a vertically integrated nuclear reactor company. It wants to be in control of the nuclear energy supply chain, from deploying microreactors (like its KRONOS design), to establishing a nuclear fuel fabrication business, to transporting that fuel commercially.

For Nano Nuclear Energy to become a millionaire-maker, three things have to go right. The first two are obvious: commercializing its nuclear reactors and building up its fuel and transportation businesses.

Image source: Getty Images.

The third is something not entirely in Nano's control. For this company to succeed, microreactors have to be widely adopted everywhere, from data centers to military bases to mining sites. That means the costs of building microreactors and the timelines of deploying them have to be both competitive and short enough to attract strong demand.

More than likely, Nano's microreactors will not be cost-effective everywhere. Rather, they'll likely be more effective in very remote regions where other power sources, like diesel generators, are already expensive.

If Nano fails to win these regions, or if other factors delay deployment -- such as construction costs ballooning beyond estimates, or bottlenecks in nuclear fuel supply -- Nano's growth would be stunted. That's not to say the company would fail without substantial microreactor sales. Its fuel fabrication and transportation businesses could still be highly successful, assuming nuclear energy as a whole keeps growing. However, the stock likely won't become a 100-bagger without strong revenue growth from microreactor sales.

As such, I wouldn't treat Nano stock as a millionaire-maker. Rather, it's a highly speculative play on a nascent, but exciting, opportunity in nuclear power. Wealth from the upside could be life-changing, but underwhelming performance due to slipshod execution could just as easily leave investors with disappointing returns.

Oklo and NANO Nuclear are drawing investor interest as advanced nuclear demand grows, but one name may offer a stronger setup.

Meeting with NRC kicks off review activities and marks continued regulatory progress following acceptance of the KRONOS MMR™ Construction Permit Application and supports previously disclosed expectations for initial construction activities to begin in the second half of 2027

New York, N.Y., June 25, 2026 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, today announced continued progress in the U.S. Nuclear Regulatory Commission’s (“NRC”) review of the Construction Permit Application (“CPA”) for deployment of NANO Nuclear’s KRONOS MMR™ Energy System at the University of Illinois Urbana-Champaign (“U. of I.”).

On June 23, 2026, the NRC publicly announced that it had met with representatives from U. of I. and NANO Nuclear to mark the start of its review of the CPA and the planned KRONOS MMR™ research reactor project on the U. of I. campus.

The meeting follows the agency’s formal acceptance of the KRONOS MMR™ CPA for review on May 18, 2026. Acceptance of the CPA initiated the NRC’s formal environmental, safety and technical review process for the planned deployment of the KRONOS MMR™ system at U. of I., representing a major advancement toward regulatory licensing, construction and future deployment of the reactor system.

The meeting also provided additional visibility into NRC’s anticipated review schedule, indicating that the environmental assessment is expected to be completed in the Spring of 2027 and the safety evaluation in early Fall of 2027. NANO Nuclear believes these projected review milestones are consistent with the Company’s previously disclosed expectation, announced following NRC acceptance of the CPA, that the formal NRC review process could be completed during 2027, providing the opportunity for initial construction activities on the U. of I. campus to commence during the second half of 2027, subject to regulatory approvals and other customary project requirements.

NANO Nuclear believes the commencement of formal NRC review activities further reinforces the KRONOS MMR™ system’s position as the first commercially-ready microreactor developer and among a select group of advanced reactor programs progressing through the formal U.S. regulatory licensing process and highlights the Company’s broader strategy of accelerating commercialization through regulatory engagement, engineering advancement and strategic partnerships.

Figure 1: Representatives from the U.S. Nuclear Regulatory Commission, University of Illinois Urbana-Champaign and NANO Nuclear Energy during the NRC review kickoff meeting announced on June 23, 2026. Credit: U.S. Nuclear Regulatory Commission.

“The commencement of formal NRC review activities represents an important progression in the licensing process for the KRONOS MMR™ system,” said Milos Atz, Director of Safety Analysis at NANO Nuclear Energy. “With the Construction Permit Application now under formal review, NRC staff can begin detailed evaluation of the environmental, safety and technical information supporting the proposed deployment at the University of Illinois. We view this latest engagement as another indication that the project is advancing through the regulatory process as anticipated, and we look forward to continuing our support of the NRC review activities in the months ahead.”

“The NRC’s announcement that review activities are now underway demonstrates continued forward momentum for the KRONOS MMR™ program following acceptance of the Construction Permit Application,” said James Walker, Chief Executive Officer of NANO Nuclear Energy. “We are encouraged that the review schedule outlined by the NRC appears generally consistent with the timeline assumptions we previously communicated following acceptance of the application. Our team remains focused on supporting the NRC review process, advancing engineering activities and continuing preparations necessary to position the project for successful deployment at the University of Illinois. We believe each step forward in the regulatory process further strengthens KRONOS MMR™’s position among the most advanced commercially focused microreactor programs in the United States.”

KRONOS MMR™, NANO Nuclear’s lead microreactor project, is a proprietary, stationary, high-temperature gas-cooled microreactor under development, designed to provide clean, reliable energy for applications including data centers, industrial facilities, remote communities and mining projects, military installations and process heat applications across a variety of end markets.

About NANO Nuclear Energy, Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is a North American 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 supply chain, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services.

Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include the proprietary 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, “ZEUS”, a portable solid core battery 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, bolstered by the May 2026 acquisition of Secured Transportation Services (STS), is led by former executives from the largest transportation company in the world and provides nuclear engineering and materials transport services in the U.S. and globally. 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.

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.

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Cautionary Note Regarding Forward Looking Statements

This news release and statements of NANO Nuclear’s management and collaborators in connection with this news release 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”, “explore,” “plans”, “aim,” “goal,” “believes”, “potential”, “will”, “should”, “could”, “would” or “may” or derivations of these words and other words of similar meaning about the future. In this press release, forward-looking statements include those relating to the timeline for the NRC’s review of the CPA and the anticipated commencement of construction the KRONOS MMR™ prototype at the U. of I., as well as statements regarding the Company’s development, regulatory and commercial plans generally. 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”), U.S. Nuclear Regulatory Commission (“NRC”), Canadian Nuclear Safety Commission (“CNSC”) or related state or other U.S. or non-U.S nuclear licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complementary 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 NRC, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating a developing business a highly regulated, competitive and rapidly evolving industry, including that our plans may change and we may use our cash on hand faster or in different ways than anticipated as our business requires. 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 www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. 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.

NANO Nuclear Energy Inc.

NANO Nuclear Energy Inc. Representatives from the U.S. Nuclear Regulatory Commission, University of Illinois Urbana-Champaign...

Nano Nuclear NASDAQ: NNE appears to be the right company for the right time. The company has a goal of building a vertically integrated nuclear business. This goes beyond microreactors to include fuel fabrication, transportation, and other parts of the nuclear supply chain.

Nano Nuclear Energy Today

NNE

Nano Nuclear Energy

$22.86 -1.05 (-4.37%)

As of 12:55 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$18.93▼

$60.87Price Target$46.50

The case for nuclear energy has never been stronger. The unprecedented electricity demand being created by artificial intelligence (AI) is just getting started. Many analysts believe data center energy consumption will double by 2028. That reality has hyperscalers scrambling for always-on power solutions that can confront the realities of an aging U.S. power grid.

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Nuclear is the logical solution. Nuclear energy runs at capacity factors above 90%; something wind and solar simply can't match. But building large reactors can be a process that takes longer than it will already take to build the data centers.

Why Microreactors Could Be the SolutionOne answer is in small modular reactors (SMRs) and microreactors—compact designs that can be factory-built, transported, and deployed on-site with far less lead time than conventional nuclear plants.

Microreactors like those NNE is developing address critical challenges like power reliability, efficiency, and cost control. Their compact size allows them to function independently of the grid and to be placed directly at the point of demand. That gives them a meaningful edge over renewables for operators running power-intensive infrastructure.

More Than a Reactor CompanyWhat separates Nano Nuclear from a standard pre-revenue speculative play is the scope of its ambition. The goal is vertical integration across the entire nuclear value chain. That means not just building reactors but fueling and servicing them too.

To accomplish this, NNE is pursuing five distinct business lines.

Microreactor development

Nuclear fuel fabrication

Nuclear fuel transportation

Space nuclear applications

Nuclear consulting services

The reactor portfolio includes KRONOS MMR, a stationary high-temperature gas-cooled reactor currently in pre-application engagement with the NRC in collaboration with the University of Illinois Urbana-Champaign. There's also ZEUS, a portable solid-core battery reactor, and LOKI MMR, a compact design targeting remote and space applications.

The fuel side of the business may be the most underappreciated piece. NNE's subsidiary Advanced Fuel Transportation Inc. (AFT) holds an exclusive license to a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy.

AFT is targeting a commercially operational fuel transportation business in 2026. On the fabrication side, NNE is developing a domestic HALEU fuel processing facility. This is a critical input for next-generation microreactors that most pure-play developers currently have no domestic supply chain to support.

Think of it this way: NNE isn't just trying to sell reactors. It's trying to own the fuel supply, the delivery infrastructure, and the service contract around those reactors. That's closer to a utility business model than a hardware company—recurring relationships, captive customers, and compounding value once the ecosystem is built.

The Super Micro MoU Shows Where This Is HeadedIn May 2026, Nano Nuclear signed a memorandum of understanding with Super Micro Computer NASDAQ: SMCI to explore integrating NNE's microreactor systems with Supermicro's AI server and data center platforms. The goal: delivering clean, reliable, nuclear-powered solutions directly to the AI economy.

Nano Nuclear Energy Stock Forecast Today12-Month Stock Price Forecast:
$46.50
100.53% Upside

Moderate Buy
Based on 8 Analyst Ratings

Current Price$23.19High Forecast$51.00Average Forecast$46.50Low Forecast$40.00Nano Nuclear Energy Stock Forecast Details

It's a non-binding agreement, but the strategic logic is sound. Data centers need power that doesn't go down. Microreactors can be co-located at the facility. And unlike a power purchase agreement tied to the grid, on-site nuclear generation gives operators direct control over their energy supply.

There’s one small problem. Nano Nuclear isn’t generating a dime of revenue. The company’s products are still in the trial stages. And there’s a lack of clarity over when the company will be able to get through the arduous regulatory process. NNE estimates its KRONOS licensing application will be processed between 2026 and 2031, with commercial launch targeted for the early 2030s.

By itself, that shouldn’t disqualify investors from owning NNE. However, the stock is down sharply from October 2025 levels, and short sellers continue to add friction to the bull case.

Investors Are Getting a Second Entry PointIn addition to being a pre-revenue company, Nano Nuclear has only been trading publicly since May 2024. The stock went nuclear (pun intended) along with the rest of the sector. However, like the sector, NNE has fallen sharply since October 2025.

That said, the stock is settling around its 50-day simple moving average (SMA) and appears to be consolidating on slightly higher volume. Momentum is down, which could make this a good opportunity for long-term investors to get in with less volatility.

On the other hand, short interest of over 20% could make NNE a target of traders looking to force a short squeeze. This risk is elevated because of the lack of institutional ownership in NNE.

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After dipping 4.5% and ending yesterday's trading session below Monday's close, shares of Nano Nuclear Energy (NNE 4.27%) are powering higher today. With a firm initiating coverage and sharing a bullish outlook on the advanced nuclear reactor stock, investors are racing to click the buy button today.

As of 1:01 p.m. ET, shares of Nano Nuclear are up 11.9%.

Image source: Getty Images.

One firm believes this fast-moving company is in a great position Initiating coverage with a buy rating, Craig Irwin, a Roth Capital analyst, set a $45 price target on Nano Nuclear stock. According to Thefly.com, Irwin based his outlook on the belief that Nano Nuclear is making "rapid progress" toward commencing commercial operations of its small modular reactor, Kronos.

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In addition, Irwin recognizes Nano Nuclear as one of only a few companies that have submitted construction permit applications for small modular reactors to the U.S. Nuclear Regulatory Commission.

Based on its closing price of $24.01 yesterday, Irwin's price target implies an upside of more than 87% for Nano Nuclear.

Should investors proceed to power their portfolios with Nano Nuclear stock? Sure, the prospect of owning a stock that has room to run 87% higher is enticing, but investors need to take the $45 price target with a sizable dash of salt. While Nano Nuclear deserves credit for submitting a construction permit for its Kronos reactor, there's no certainty it will succeed in commencing commercial operations -- let alone recognizing a profit from them if it does.

At this point, Nano Nuclear stock still carries significant risks, so only investors comfortable with speculative investments should consider positions. For those seeking a more conservative approach to nuclear industry exposure, a nuclear energy exchange-traded fund may be a more palatable option.

Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Nano Nuclear Energy (NNE 4.27%) is having a big moment.

Shares of the nuclear energy stock, while up about 2% on the year, have charged about 15% higher over the last month. A large part of that momentum came from a very bullish $45 price target from an analyst at Roth Capital -- a price that implied a gain of about 87% from its then-current $24.

A stock that has that kind of expected upside can generate a lot of enthusiasm in a short amount of time. But for prudent investors with long-term intentions, it pays to examine the company underneath the aggressive projections.

Image source: Getty Images.

The small reactor company that everyone is talking about As the name suggests, Nano Nuclear Energy is an advanced nuclear company aiming to bring microreactors to the market.

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Founded in the early 2020s, Nano's ambitions, however, extend beyond designing and building reactors: It wants to participate in the nuclear supply chain, from fuel fabrication to fuel transportation to deploying reactors. That vertical integration could, one day, dig a deep moat: Customers might prefer a company that will not only build a reactor, but also supply the fuel to go with it.

Nano has several microreactor designs, each named after a god or titan of antiquity. There's Kronos MMR, a small stationary reactor; Zeus, a portable microreactor designed to fit in a shipping container; and Loki MMR, which Nano has discussed as being potentially deployable for space.

Of these three, Kronos is the furthest along in terms of research and development. Indeed, this gas-cooled reactor cleared an important regulatory hurdle when the Nuclear Regulatory Commission (NRC) formally accepted its construction permit application in April. Construction of a prototype of Kronos, which is slated for the University of Illinois Urbana-Champaign, could begin in mid to late 2027.

The story of Nano stock right now, like other advanced nuclear energy companies, is inseparable from artificial intelligence (AI). The most bullish speculators are envisioning a future in which nuclear power can be a source of clean, round-the-clock electricity to data centers, which can't afford the risks of downtime, power outages, or grid failures.

It's a powerful narrative, but it's a story that hasn't materialized outside the imagination. Several nuclear stocks, including Oklo (OKLO 6.01%) and NuScale Power (SMR 6.63%), have also seen brief periods of explosive growth with that same story billowing their sails. None of these three small reactor developers was beating S&P 500 (^GSPC +0.34%) in the first half of 2026, and only one (NuScale) has an NRC-approved reactor design.

Data by YCharts

The only way Nano can begin succeeding is by bringing a safe, certified microreactor to the market. In that regard, the company has taken big steps, but it could be a few years away from powering up its first reactor. If it does succeed, a sizable investment in Nano today could reinforce a portfolio of winning stocks, setting you up for a good future. That's a big "if," however, and the risks of Nano failing are just as likely right now as its successes.

Nuclear energy stocks have been among the market's biggest winners over the past year, handily outperforming the broader energy sector. It's not hard to imagine why. With power-hungry tech like artificial intelligence (AI) and cloud computing, the clean, round-the-clock power that nuclear can supply has rarely looked more relevant.

Broad exposure to nuclear energy -- such as through an exchange-traded fund (ETF) -- is one way to play this new resurgence. Another is to handpick the nuclear energy stocks yourself. With that in mind, these three stocks are well positioned to grow as the broader industry does.

Image source: Getty Images.

1. Oklo Oklo (OKLO 6.01%) is an advanced nuclear company that's designing small fast-fission reactors with complementary fuel recycling.

That's a mouthful of technical jargon, so let me break it down like this: Instead of a sprawling nuclear power plant, Oklo would like to deploy smaller reactors that can supply 24/7 power while using fuel more efficiently.

Early on, Oklo had the backing of Sam Altman, CEO of OpenAI, and more recently, it has signed agreements with companies including Equinix (EQIX 1.17%), Switch, and Meta Platforms (META +0.05%) to supply power to data centers.

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Oklo still needs regulatory approval to deploy reactors to commercial customers; as such, it hasn't scaled its technology nor proven it can operate reactors on a large scale. The stock is early-stage with plenty of execution risks, yet could be a big winner in the era of AI.

2. Nano Nuclear Energy Nano Nuclear Energy (NNE 4.27%) is another early-stage nuclear energy company working through the NRC regulatory process.

Like Oklo, Nano is designing microreactors. Unlike Oklo, however, which is focused primarily on building and deploying reactors, Nano aims to become vertically integrated. In nuclear energy, that would mean participating in multiple parts of the supply chain, from developing reactors and fuel to transporting nuclear materials.

Another difference from Oklo is that Nano has several microreactor designs, not just one. Indeed, along with a portable reactor design, Nano is developing a space microreactor (Loki) that could be deployed for deep-space missions or extraterrestrial environments.

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For what it's worth, the Trump administration has also been interested in putting a nuclear reactor on the moon to supply power to human bases. Although Nano has not been named a partner, successful deployment of a reactor could create more interest and, eventually, more opportunities.

3. NuScale Power NuScale Power (SMR 6.63%) is developing a small modular reactor (SMR). Unlike Oklo and Nano, however, NuScale's SMR design -- two, in fact -- has been approved by the NRC.

The challenge facing NuScale isn't regulatory, but commercial. So far, the first mover in SMR technology hasn't inked a firm sale of its reactor technology. Its commercial partner, ENTRA1, has helped open the door to a potential first U.S. customer in the Tennessee Valley Authority (TVA), which is interested in deploying 6 gigawatts (GW) of NuScale's technology. NuScale's SMRs are also expected to be deployed for a power plant project in Romania.

Even with two projects in its near future, NuScale has a lot to prove, not the least of which is deploying a reactor on time and within budget. That could take years -- its first reactor probably won't go online until after 2030 -- and revenue growth may be limited until then.

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NuScale, like Oklo and Nano, is a high-risk, high-reward investment in the future of energy. Investors with a long time horizon and high tolerance for volatility might want to consider adding these nuclear stocks to their portfolios.

Nano Nuclear Energy (NNE 4.27%) is an advanced nuclear company whose ambitions coincide with a new trend on Wall Street: small modular reactors (SMRs), or, as Nano calls them, microreactors.

Long overshadowed by Oklo and NuScale Power, Nano's cheaper market valuation and regulatory progression has been drawing attention to Nano's suite of reactor designs. The stock has been gaining momentum over the last month, in spite of no real change to the obstacle stymieing its progress: a lack of regulatory approval.

With a market cap of $1.3 billion and a price between $26 and $27, should long-term investors take advantage of this opportunity, or should they wait for more concrete progress?

Let's take a look.

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Nano's opportunity is enormous, but so is the wait Nano Nuclear is one of the most ambitious novel nuclear energy companies in operation today.

Its goal, aside from certifying its microreactor designs, is to build a vertically integrated nuclear business. That means not just constructing and deploying microreactors but also participating in fuel fabrication and transportation, as well as other parts of the nuclear supply chain.

If it can pull it off, the company's business could look a bit like this: It will deploy microreactors wherever they are needed, whether that's a data center in a rural area, a military base, or even a lunar or deep-sea operation. Revenue could eventually come from selling the electricity generated by these reactors, likely under long-term purchase agreements (PPAs) with customers.

Image source: Getty Images.

Although microreactors have yet to be deployed at scale, companies are already biting. In May, Super Micro Computer (SMCI 1.11%) signed a memorandum of understanding (MOU) with Nano to explore the integration of microreactors with the former's AI infrastructure. That isn't, to be sure, a commitment to buy. But the early partnership demonstrates how interest in this technology could readily expand to other contracts once Nano's designs are certified.

On that front, Nano expects to begin construction of its first KRONOS micro modular reactor (MMR) in the second half of 2027. This, however, depends entirely on a smooth progression of regulatory approvals. The reactor is planned for construction at the University of Illinois Urbana-Champaign, about a hundred miles from the site of the first nuclear reactor in the U.S., the Chicago Pile-1 at the University of Chicago.

Nano has minimal revenue, but a substantial cash and equivalents pile of about $569 million. Even if it burned through $100 million a year -- currently more like $30 million to $40 million -- it could last five years without needing a fresh injection.

Recently, an analyst at Roth Capital set a $45 price target, implying roughly 73% upside from today's $26-ish price.

Nano has the potential to become a significant supplier of electricity, but that potential could take a decade or more to manifest. By that time, the energy landscape could look very different, perhaps to the point of diminishing Nano's most exciting prospects now. Given the uncertainty, this is still a stock for aggressive investors, those who want to take a calculated risk investing in a nascent industry. Those with less risk tolerance may want to look at a nuclear energy exchange-traded fund (ETF) with Nano as a holding.

NNE stock is moving. See the chart and price action here.  James Walker, CEO of NANO Nuclear, told Benzinga that the rapid expansion of AI infrastructure is changing the way companies think about energy, compute and data center development.

"AI is becoming an energy story as much as a technology story," Walker said. "The conversation is shifting from ‘how much compute can we build?' to ‘where does the power come from?'"

AI Power Demand AI power demand sits at the center of NANO Nuclear's collaboration with Super Micro, which Walker said could eventually support a more integrated approach to AI data center development. 

Rather than treating power procurement and compute infrastructure as separate challenges, the companies are exploring a model where both are planned together from the start.

"AI infrastructure and power infrastructure are becoming inseparable," Walker said. "Historically, a data center developer would secure land, build the facility, and then hope the grid could support the project in time. That model is starting to break down as AI power demand accelerates."

Walker said AI data centers have become a focus for NANO Nuclear because of the scale and reliability requirements involved. Many facilities require massive amounts of continuous electricity, and grid constraints are already forcing some operators to wait years for sufficient capacity.

"The speed at which AI infrastructure is expanding has created a very real conversation around whether power availability itself becomes the limiting factor for growth," Walker said.

Microreactors for Data CentersNANO Nuclear sees microreactors as a potential solution for developers seeking dependable, on-site power. 

Walker said renewables and batteries have roles to play, but intermittency and duration limits can make them difficult fits for hyperscale AI workloads that require near-constant uptime. 

Natural gas can provide reliable power, but faces emissions concerns, fuel price volatility and infrastructure limitations.

"Microreactors are compelling because they can provide stable, carbon-free baseload power directly on-site, independent of grid congestion, while also reducing exposure to many of those infrastructure bottlenecks," Walker said.

The image below is a rendering of NANO’s Kronos MMR nuclear microreactor:

A New Compute + Power ModelThe Super Micro collaboration could eventually point toward a bundled "compute plus power" model for AI customers. 

Walker said combining nuclear power systems with server infrastructure, cooling systems and deployment expertise could create a more streamlined path for companies building new AI campuses.

"From the customer's perspective, that could eventually evolve into a far more streamlined solution where the power source and the AI infrastructure are designed as one coordinated platform rather than two separate projects competing against each other on timelines," Walker said.

While AI data centers are a major focus, Walker said NANO Nuclear continues to see opportunities across remote communities, mining, defense, industrial operations and critical infrastructure.

Still, the Super Micro partnership gives NANO a clearer opening into the AI infrastructure market.

"For us, the collaboration with Supermicro represents more than just a technology partnership," Walker said. 

"It's an opportunity to position NANO inside the broader AI infrastructure ecosystem early, before this market fully matures."

NNE Price Action: Nano Nuclear Energy shares were up 6.50% at $26.71 at the time of publication on Friday, according to Benzinga Pro data.

Cover image: Piotr Swat / Shutterstock

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Key Takeaways SMR says TVA-ENTRA1 talks could support up to 6 GW of nuclear capacity using its technology.NuScale holds NRC approvals for two SMR designs under Part 52, positioning it as deployable.ENTRA1 is named in a $550B U.S.-Japan framework. Korea also proposed $350B for nuclear/AI. For NuScale Power (SMR - Free Report) , the TVA-ENTRA1 opportunity is shaping up as the company’s most important commercialization catalyst. Discussions tied to the Tennessee Valley Authority (“TVA”) project continue to advance and could potentially unlock the next phase of growth for the small modular reactor (“SMR”) developer. TVA and ENTRA1 Energy are working toward a deployment program that could involve up to 6 gigawatts of nuclear capacity using NuScale technology. The company believes the initiative could become the largest nuclear deployment program in U.S. history.

Talks are progressing toward a definitive power purchase agreement (PPA). Once the PPA is finalized, the company expects activity to accelerate quickly through site-specific licensing work, pre-FEED activities, and eventually OEM contracts tied to NuScale Power Modules. These early-stage activities alone could begin contributing meaningful revenues even before full reactor deployment begins.

NuScale believes its regulatory readiness gives it an edge in securing these large-scale contracts. Unlike many advanced nuclear peers still pursuing earlier-stage licensing pathways, NuScale already holds U.S. Nuclear Regulatory Commission (“NRC”) approvals for two SMR designs under the Part 52 framework. This acts as a major differentiator because customers increasingly prioritize technologies that are commercially deployable rather than still experimental.

Financing also appears to be a critical piece of the TVA story. On the first-quarter earnings call, management pointed to potential support from both Japanese and Korean investment frameworks aimed at funding strategic U.S. industries, including nuclear power and AI infrastructure. ENTRA1 was named in the $550 billion U.S.-Japan investment framework, which could help support financing for the TVA project. South Korea has also proposed a $350 billion investment push into U.S. strategic industries, including nuclear energy, AI and semiconductors.

NuScale does face financing, execution and timeline risks. But the TVA opportunity is the company’s biggest commercial breakthrough yet. If successful, the project would validate years of regulatory work, supply-chain investment and commercialization efforts.

Oklo and NANO Nuclear Push Commercial Deployment PlansOklo Inc. (OKLO - Free Report) is also advancing commercialization efforts in the emerging advanced nuclear market. Last year, the company broke ground on its first Aurora powerhouse project at Idaho National Laboratory under the DOE’s Reactor Pilot Program and is targeting initial operations in late 2027 or early 2028. Oklo has also benefited from rising AI-driven power demand themes, with Meta expanding a planned Ohio deployment vision to 1.2 gigawatts under a power agreement structure designed to support early-stage development. In addition, Oklo has partnered with NVIDIA on nuclear fuel and infrastructure research initiatives tied to future AI data center energy needs.

NANO Nuclear Energy Inc. (NNE - Free Report) is also making regulatory progress in the advanced nuclear space. Last week, NRC formally accepted the company’s Construction Permit Application for its KRONOS micro modular reactor project at the University of Illinois Urbana-Champaign. NANO Nuclear believes KRONOS is the first commercially focused microreactor to reach this stage of the NRC review process. The review is expected to conclude in 2027, potentially allowing construction activities to begin in the second half of next year.

SMR's Price Performance, Valuation & EstimatesShares of NuScale Power have declined more than 60% over the past year, underperforming the industry.

Image Source: Zacks Investment Research

In terms of trailing 12-month price/book, NuScale Power shares are trading at 3.52X.

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See how bottom-line estimates for SMR have been revised over the past 90 days.

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NuScale Power currently carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Acquisition adds more than 20 years of specialized nuclear transportation experience, accelerating NANO Nuclear’s fuel supply chain and reactor deployment capabilities.

NEW YORK, N.Y., May 26, 2026 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, today announced the acquisition of Secured Transportation Services LLC (STS), a specialized U.S. based, globally operating nuclear logistics, transportation and services company specializing in the safe, secure and compliant movement of radioactive and nuclear materials.

This acquisition represents a significant strategic milestone in NANO Nuclear’s evolution into a vertically integrated nuclear energy company by adding one of the most important and challenging elements of the nuclear fuel cycle: the capability to plan, coordinate, license, secure and execute nuclear materials transportation and related deployment activities.

With the addition of STS, NANO Nuclear is taking a decisive step toward becoming a leader in the next generation of nuclear energy infrastructure, with capabilities designed to support reactor deployment and the broader ecosystem required to enable commercialization at scale.

One of the most significant barriers to scaling advanced nuclear technologies is not the reactor itself, but the infrastructure required to support it, particularly fuel transportation. The transport of nuclear materials, particularly spent fuel, HALEU fuel and advanced reactor components, is one of the most highly regulated and operationally complex segments of the nuclear fuel cycle, with emerging capacity constraints expected as next-generation reactor deployments accelerate.

With STS part of the organization, NANO Nuclear is competitively well positioned to:

Control and coordinate critical nuclear fuel transportation logistics.Support deployment planning for microreactors and related advanced nuclear systems.Reduce reliance on third-party nuclear logistics providers for core transportation and deployment functions.Navigate complex regulatory, security and route-approval requirements.Develop repeatable deployment models for defense, data center, industrial, remote and international customers.Support a broader ecosystem of nuclear fuel-cycle services expected to be required by NANO Nuclear and other nuclear industry participants. Founded in 2005, STS brings more than two decades of specialized nuclear transportation experience and a strong track record of executing complex nuclear materials projects safely, securely and efficiently. STS personnel have completed projects in more than 40 countries, providing NANO Nuclear with operational experience in navigating various regulatory requirements, physical challenges and political environments. STS currently holds approvals for more than 90% of the active U.S. NRC approved spent fuel routes in the United States.

STS brings a team of highly experienced professionals with backgrounds spanning nuclear engineering, logistics, regulatory affairs, and operations - capabilities that are difficult to procure and essential to transporting fuel and deploying reactors at scale.

In addition, the acquisition of STS provides NANO Nuclear with revenue generating operations. For the twelve months ended December 31, 2025, STS generated audited revenues of approximately $7.1 million and net income of approximately $1.3 million, reflecting strong underlying profitability and operational efficiency. Equally as important, NANO Nuclear sees substantial opportunity for growth at STS in the coming years as demand for nuclear fuel transportation and logistics accelerates. STS is expected to benefit from NANO Nuclear’s relationships and exposure to several aspects of the nuclear fuel cycle, as well as NANO Nuclear’s strong financial position through prudent deployment of strategic growth capital.

Figure 1 - NANO Nuclear Acquires Secured Transportation Services Joining a Select Group of Revenue-Generating Microreactor Developers

The acquisition of STS directly supports NANO Nuclear’s broader strategy of building a fully vertically integrated business, spanning:

Reactor design and development.Fuel sourcing and processing (LEU/HALEU ecosystem).Fuel transportation and logistics.Reactor deployment and installation.Long-term operational support.
By integrating STS into its operations, NANO Nuclear gains the ability to coordinate the movement of nuclear fuel and reactor systems from origin to deployment site, a capability that is expected to become increasingly valuable as demand for microreactors accelerates globally.

“This acquisition is about more than logistics, it’s about unlocking the full potential of advanced nuclear,” said Jay Yu, Chairman and President of NANO Nuclear. “With STS, we now control a vital link in the nuclear value chain that very few companies possess globally. This capability will allow us to move faster, deploy quicker, and deliver our technologies anywhere in the world. We are building infrastructure for the next generation of nuclear energy, and this is a major step forward.”

Figure 2 - NANO Nuclear Establishes a Fully Integrated Nuclear Fuel Logistics and Deployment Platform.

“This is a transformational acquisition for NANO Nuclear,” said James Walker, Chief Executive Officer of NANO Nuclear. “STS brings the kind of deep, specialized expertise that is essential to making advanced nuclear a reality at scale. Transportation is one of the most overlooked, but most critical, pieces of the nuclear value chain. By bringing STS into the NANO Nuclear ecosystem, we are removing a major bottleneck and positioning ourselves as one of the few companies capable of delivering a truly end-to-end nuclear solution. This acquisition doesn’t just strengthen our logistics capabilities, it accelerates everything: our fuel strategy, our deployment timelines, and our ability to serve customers across North America and internationally.”

As the global energy system shifts toward clean, reliable, and decentralized power, microreactors are expected to play a pivotal role. However, their success depends on the ability to safely and efficiently move fuel and systems where they are needed.

"For more than two decades, STS has built its reputation by executing complex nuclear transportation projects safely, securely and reliably,” said Roy Boyd, Founder & President of STS, who will continue in this role post-acquisition. “Joining NANO Nuclear gives STS the resources and platform to expand our capabilities while maintaining the safety-first culture, regulatory discipline and customer focus that have defined our company since its founding. We are benefitting from the industry’s growth and believe we are well-prepared to meet expected demand. We believe our logistics, training, consulting, security coordination, engineering and project execution experience will be highly complementary to NANO Nuclear's broader advanced nuclear strategy and advance the overall mission to meet growing demand for nuclear energy."

STS was acquired by NANO Nuclear’s existing transportation subsidiary, Advanced Fuel Transportation Inc., for total consideration valued at up to $13 million. The total purchase price is comprised of $6 million paid in cash at closing, subject to closing adjustments, and $7 million in restricted shares of NANO Nuclear’s common stock paid in several installments, a portion of which is subject to certain contractual contingencies. Additional information will be provided in a Form 8-K to be filed by NANO Nuclear with the U.S. Securities and Exchange Commission.

About NANO Nuclear Energy Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is a North American 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 supply chain, (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 its lead project, the patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement with the U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), ZEUS™, a solid core battery reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are modular, on-demand capable, advanced nuclear microreactors.

Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, bolstered by the May 2026 acquisition of Secured Transportation Services (STS), is led by former executives from the largest transportation company in the world and provides nuclear engineering and materials transport services in the U.S. and globally. 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.

HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a 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 micro nuclear 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: https://NanoNuclearEnergy.com/

Cautionary Note Regarding Forward Looking Statements

This news release and statements of NANO Nuclear’s management in connection with this news release 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”, “explore,” “aim,” “plans”, “believes”, “potential”, “will”, “should”, “could”, “would,” “goal,” “aim,” or “may” or derivatives of these words and other words relating to the future. Specifically, forward-looking statements include those related to the anticipated benefits to NANO Nuclear of the acquisition of STS as well as NANO Nuclear’s development, construction, demonstration, regulatory licensing and commercial plans and strategies generally. 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”), Canadian Nuclear Safety Commission (“CNSC”) or related state or non-U.S. nuclear licensing submissions, (ii) risks related to our vertical integration strategy (notably the integration of STS as contemplated herein) and 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, the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, as well as the CNSC, 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 www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. 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.

NANO Nuclear Energy Inc.

Energy is the vital force powering the economy. And as artificial intelligence (AI) and data centers create new demands for electricity, the energy sector is expected to grow immensely in the coming decades. For investors looking for exposure to this growing industry, the following two growth stocks are easily worth a $100 investment.

1. Bloom Energy Bloom Energy (BE 9.54%) is hands down one of the most momentous energy stocks on the market today. The clean energy supplier has grown by over 200% since the start of the year -- and a whopping 1,450% since last year.

In a nutshell, Bloom makes big box-shaped energy servers that allow businesses to generate electricity on-site instead of buying all of it from the grid. These mini power plants ensure the lights stay on even when the main power grid goes out. That makes them perfect for clients who need reliable 24/7 power, like hospitals and data centers.

Image source: Bloom Energy.

Indeed, one of Bloom's first "proof of concept" moments was in the early stages of the COVID-19 pandemic, when it deployed energy servers to a field hospital in Sacramento. The 400-kilowatt (KW) "microgrid" was installed in less than a week and provided power to the makeshift medical facility, itself a response to California's overcrowded hospitals.

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Since 2025, Bloom's marquee client list has grown stronger due to high demand from AI data centers. Bloom inked its biggest deal with Brookfield Asset Management at the end of 2025, a $5 million agreement to deploy Bloom's servers for the asset manager's AI factories. It recently partnered with AI infrastructure leader Nebius in a $2.6 billion deal. The company also has partnerships with Equinix, Oracle, and CoreWeave.

Revenue growth has exploded, with Bloom reporting 130% year-over-year first-quarter revenue growth. It now expects to generate between $3.4 billion and $3.8 billion, a substantial climb from last year's $2 billion and the $1.5 billion it made in 2024. While shares trade near $300, most brokers offer fractional shares, so your $100 is enough to gain exposure to Bloom Energy. 

2. Nano Nuclear Energy Nano Nuclear Energy (NNE 7.62%) is a nuclear energy start-up that designs microreactors. Imagine a miniature nuclear power plant that can be delivered on a truck. That, in essence, is what Nano Nuclear Energy is trying to build.

The company sits at the intersection of two powerful trends in energy: the need for round-the-clock, reliable electricity, and the push for zero-carbon energy.

Nano's ambitious goals, however, go beyond building reactors and selling power. It also wants to secure greater control over uranium supply to its reactors through strategic partnerships with companies like LIS Technologies. This matters because one of the biggest bottlenecks for advanced nuclear is high-assay low-enriched uranium (HALEU), a specialized fuel that many advanced reactors need. By securing its own uranium fuel, Nano doesn't have to compete with other companies, like Oklo, for the same scarce fuel.

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The company has about $569 million in cash and equivalents and an annual cash burn rate between $30 million and $39 million, which gives it several years to operate without needing a fresh cash injection. Nano also recently announced its first major agreement with a potential customer: a memorandum of understanding (MOU) with Super Micro Computer to explore using Nano's microreactors to power Super Micro's AI servers.

Execution risks for Nano abound. It's still pre-revenue, it lacks the licensing to deploy its microreactors commercially, and its vertical integration model means Nano has to solve several hard problems at once. There's no guarantee that Nano will survive the capital intensity of building and deploying reactors. Yet if it can succeed, investing $100 in this nuclear energy stock could grow handsomely over the long run.

Steven Porrello has positions in Bloom Energy, Nano Nuclear Energy, Nebius Group, and Oklo. The Motley Fool has positions in and recommends Bloom Energy, Brookfield Asset Management, Equinix, and Oracle. The Motley Fool has a disclosure policy.

Recent Japan HALEU transfer, Venezuela HEU removal support, and U.S. domestic HALEU delivery underscore STS’s mission-proven capabilities and progress towards NANO Nuclear’s broader vision of building a vertically integrated advanced nuclear platform.

NEW YORK, N.Y., May 28, 2026 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, today announced recent U.S. Department of Energy (“DOE”) and National Nuclear Security Administration (“NNSA”) aligned nuclear materials transport campaigns supported by its recently acquired subsidiary, Secured Transportation Services LLC (“STS”). STS is a specialized U.S. based, globally operating nuclear logistics, transportation and services company specializing in the safe, secure and compliant movement of radioactive and nuclear materials.

The completed missions include a record-setting international shipment of high-assay low-enriched uranium (HALEU) from Japan, support for the removal of highly enriched uranium (HEU) from Venezuela, and a second U.S. domestic HALEU delivery supporting advanced reactor fuel testing. Together, these campaigns demonstrate STS's position as a trusted and experienced nuclear logistics partner capable of supporting complex, highly regulated domestic and international missions for DOE, NNSA, and the broader advanced nuclear sector.

Historic Japan HALEU Transfer and Associated Spent Fuel Logistics

STS served as the DOE's prime logistics contractor for a major international campaign involving the transfer of approximately 1.7 metric tons of HALEU from Japan — announced by the NNSA as the largest single international uranium shipment in its history — along with the transport of six Type B spent nuclear fuel casks to the DOE's Savannah River Site in Aiken, South Carolina.

The campaign required coordinated international licensing, maritime transport, port operations, security planning, customs coordination, and final overland delivery to U.S. destination facilities. The HALEU is expected to support U.S. advanced reactor fuel needs through DOE's HALEU Availability Program.

Venezuela HEU Removal Support

STS also provided logistics planning and U.S. domestic transfer support for NNSA's accelerated removal of 13.5 kilograms of HEU from Venezuela's dormant RV-1 research reactor. The mission supported U.S. nonproliferation objectives and helped eliminate a long-standing proliferation risk in the Western Hemisphere. The material was also transported to the Savannah River Site, where it is expected to be processed and down blended for future use in America's advanced nuclear fuel supply chain.

Second Domestic HALEU Delivery

In addition to its international mission work, STS completed a separate U.S. domestic HALEU transport campaign supporting advanced reactor fuel testing programs. This delivery further demonstrates STS's ability to execute multiple high-priority nuclear logistics missions safely, securely, and efficiently.

Figure 1 - A shielded industrial/nuclear radioactive material transport cask, marked with Class 7 radioactive placards and UN 3328 labels.

STS Acquisition Adds Proven Nuclear Transportation and Logistics Capabilities, Enhances NANO’s Strategic Focus on Vertical Integration and Supports Future Reactor Deployments
 
NANO Nuclear's acquisition of STS adds proven nuclear transportation and logistics capabilities, including established experience in Type A and Type B radioactive materials transport, multi-modal campaign execution, regulatory compliance, international permitting, security coordination, and DOE and NNSA mission support.

With the addition of STS, NANO Nuclear believes it now has the in-house capabilities and infrastructure to support fuel-cycle logistics and future microreactor deployments both in the U.S. and around the world. As demand for HALEU, advanced reactor fuel qualification, spent fuel management and secure nuclear materials transport increases, NANO Nuclear expects STS’s mission-proven logistics capabilities to strengthen the Company’s broader platform across the nuclear fuel supply chain, fuel and spent fuel transportation, microreactor deployment planning and long-term nuclear services.

Figure 2 - Unloading a large cylindrical shielded cask for radioactive material transport or handling.

“STS’s execution of these recent DOE and NNSA-aligned missions demonstrates exactly why integrating STS into NANO Nuclear is so strategically significant. These campaigns showcase the advanced expertise, regulatory discipline, and operational capabilities that are now part of our microreactor and fuel supply chain platform,” said James Walker, Chief Executive Officer of NANO Nuclear Energy. “By bringing STS into the NANO Nuclear ecosystem, we have strengthened one of the most critical and capacity-constrained segments of the advanced nuclear supply chain: the safe, compliant movement of fuel and other nuclear materials. This capability not only supports our fuel-cycle strategy and microreactor deployment plans, but also positions us as one of the few companies developing the capability to deliver an integrated end-to-end advanced nuclear solution. The success of these missions reaffirms that STS is accelerating our ability to deploy next-generation nuclear systems globally.”

"STS has earned its reputation as a trusted and experienced partner for some of the nation's most important nuclear transportation missions, and we’ve completed many incredibly difficult nuclear shipments with a strong record of success and compliance,” said Roy Boyd, Founder & President of STS. “Our organization is pleased to participate in these important initiatives that support the mission of the DOE and NNSA. These programs are vital to the safety of the United States and to the path forward for advanced nuclear energy. STS has performed movements throughout the world in all types of variable regulatory spaces and mission constraints. With NANO Nuclear's support, we are well-positioned to expand that capability and help meet the logistics demands of the next generation of nuclear energy.”

“These latest STS-supported missions underscore the tremendous value of our acquisition and reinforce why the integration of a world-class nuclear logistics organization is a major step forward for NANO Nuclear. STS’s work on the largest ever single international uranium shipment in NNSA history, its support for the removal of HEU from Venezuela, and its domestic HALEU delivery highlight proven capabilities and expertise that very few organizations have globally,” said Jay Yu, Chairman and President of NANO Nuclear Energy. “With STS, we control a vital link in the nuclear value chain — one that is essential for scaling microreactor deployment, strengthening domestic fuel-cycle resilience, and enabling the advanced nuclear industry to grow. These accomplishments validate our strategy to build a fully vertically integrated nuclear energy company with the infrastructure, expertise, and execution ability needed to support national priorities and commercial customers alike. We are building the logistics backbone required for the next generation of nuclear energy, and these missions demonstrate the impact of that vision coming to life.”

About NANO Nuclear Energy Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is a North American 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 supply chain, (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 its lead project, the patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement with the U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), ZEUS™, a solid core battery reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are modular, on-demand capable, advanced nuclear microreactors.

Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, bolstered by the May 2026 acquisition of Secured Transportation Services (STS), is led by former executives from the largest transportation company in the world and provides nuclear engineering and materials transport services in the U.S. and globally. 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.

HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a 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 micro nuclear 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: https://NanoNuclearEnergy.com/

Cautionary Note Regarding Forward Looking Statements

This news release and statements of NANO Nuclear’s management in connection with this news release 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”, “explore,” “aim,” “plans”, “believes”, “potential”, “will”, “should”, “could”, “would,” “goal,” “aim,” “develop,” “may” or derivatives of these words and other words relating to the future. Specifically, forward-looking statements include those related to the anticipated benefits to NANO Nuclear of the acquisition of STS as well as NANO Nuclear’s development, construction, demonstration, regulatory licensing and commercial plans and strategies generally. 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”), Canadian Nuclear Safety Commission (“CNSC”) or related state or non-U.S. nuclear licensing submissions, (ii) risks related to our vertical integration strategy (notably the integration of STS as contemplated herein) and 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, the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, as well as the CNSC, 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 www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. 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.

NANO Nuclear Energy Inc.

For years, governments and industry have discussed the energy trilemma, which is the need for secure, affordable, and low-carbon energy. Following the Paris Climate Accord in 2015, significant emphasis was placed on the low-carbon component as countries and corporations set net-zero emission targets.

Oklo (OKLO 4.36%) and Nano Nuclear Energy (NNE 7.62%) are early-stage nuclear companies pursuing a similar ambition: How to shrink the nuclear power plant from a sprawling concrete behemoth into something that can fit much closer to the customers who actually need the power.

In this regard, Oklo has its Aurora powerhouse design, while Nano has several designs with epic, mythopoeic names (Kronos, Zeus, and Loki). Some of Nano's reactors are designed to fit on a semi-truck; Oklo's early renderings make its powerhouse look as peaceful as a spa in a mountain cabin.

Image source: Oklo.

Both of these nuclear energy stocks are volatile, speculative, and risky. However, between the two, I think Oklo will be the better pick for most investors. Here's why.

Oklo has the bigger customer pipeline Ever since going public in May 2024, Oklo's name has never been far from the question, "How will artificial intelligence get enough electricity?" While it's not the only novel energy company muscling into the AI space -- Bloom Energy is also there -- its factory-styled modular design has captured the imaginations of tech CEOs whose clean power choices aren't currently wide-ranging.

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Sam Altman, CEO of OpenAI, was an early supporter of Oklo (he served as its first chairman until last April), but his support has been in the background lately. Oklo has now established partnerships with tech giants like Meta Platforms, data center developers like Switch and Equinix, and energy firms like Liberty Energy. Its potential customer pipeline exceeds 14 gigawatts (GW).

Nano has its partnerships too, including a memorandum of understanding to couple its microreactors with the AI infrastructure of Super Micro Computer. Certainly, more collaborative partners could join Supermicro, but Oklo's marquee list is currently longer and could generate more revenue long term.

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Future revenue estimates are also important to consider, since neither company is currently making meaningful sales. In this regard, Nano has gotten a small revenue foothold with its recent acquisition of Secured Transportation Services, which generated $7 million in annual revenue last year. Oklo has also made a meaningful acquisition -- Atomic Alchemy -- that could help it tap into a multibillion-dollar medical isotope market.

Data by YCharts

Both companies have strong liquidity. Oklo reported about $2.5 billion in cash and marketable securities on its most recent balance sheet, while Nano reported about $565 million. While both companies are burning cash and reporting losses, their balance sheets should support operations for several years to come.

Both companies have an enormous market opportunity ahead. But if small advanced reactors really do populate the future landscape of energy, Oklo's early support and fortified balance sheet make it better positioned for stronger growth over the long term.

Steven Porrello has positions in Bloom Energy, Nano Nuclear Energy, and Oklo. The Motley Fool has positions in and recommends Bloom Energy, Equinix, and Meta Platforms. The Motley Fool has a disclosure policy.

Issued on behalf of General Fusion Inc.

, /PRNewswire/ -- Equity-Insider.com News Commentary — Fusion has been "thirty years away" for half a century — but the calculus is changing fast. The International Energy Agency projects global electricity demand will grow roughly 40% to 50% by 2035, driven in part by artificial-intelligence data centers, electrification, and industrial growth[1]. That surge has pulled next-generation energy toward the public markets and opened the door to pre-revenue developers; General Fusion's own move is a roughly US$1 billion transaction that is expected to make it, by the company's account, the first publicly traded pure-play fusion company[2]. That collision of demand and capital is pulling General Fusion Inc., NuScale Power Corporation (NYSE: SMR), Oklo Inc. (NYSE: OKLO), Centrus Energy Corp. (NYSE: LEU), and NANO Nuclear Energy Inc. (NASDAQ: NNE) into the spotlight.

The transaction terms are concrete. The business combination implies a pro-forma equity value of approximately US$1 billion, inclusive of a committed and oversubscribed private placement (PIPE) of about US$107.7 million from institutional investors and roughly US$230 million of Spring Valley's trust capital, assuming no redemptions[2]. General Fusion has raised more than US$400 million to date from institutional investors, strategics, venture-capital firms, industry partners, and government grants, and intends to use the proceeds to advance its Lawson Machine 26 (LM26) demonstration program and steps toward a first commercial plant[2].

General Fusion announced on June 1, 2026 that its leadership team will participate in a series of major investor and industry conferences throughout June — a coming-out tour in advance of its anticipated listing on the Nasdaq. The Vancouver-based company, led by CEO Greg Twinney, is preparing to go public through a business combination with Spring Valley Acquisition Corp. III (NASDAQ: SVAC), a transaction targeted to close in mid-2026, after which the combined company is expected to trade under the ticker "GFUZ."

Founded in 2002, General Fusion is one of the oldest privately funded fusion ventures in the world, backed by a global syndicate of energy venture-capital firms, industry leaders, and technology pioneers. Its approach, called Magnetized Target Fusion ("MTF"), mechanically compresses a magnetized plasma using a liquid-lithium liner — deliberately avoiding the enormous superconducting magnets of tokamaks and the high-powered lasers of inertial-confinement designs. The pitch is practicality: machines built from existing materials that could produce cost-effective energy, rather than experiments that never leave the national lab.

The June schedule is dense. General Fusion plans to participate in Stifel's Ninth Annual Boston Cross Sector 1x1 Conference on June 2–3 in Boston; to attend the 16th Annual ROTH London Conference in London from June 16–18; and — the marquee appearance — to put Chief Strategy Officer Megan Wilson on stage at FusionX:Americas in Boston, June 9–11. Wilson is slated for a fireside chat with George Gianarikas, Managing Director at Canaccord Genuity, on June 9 at 5:00 p.m. ET, in a discussion centered on the evolving role of public markets in advancing fusion energy.

"Fundamentally, our plan has been underpinned by our focus on practical commercial fusion power, and our philosophy that we need to methodically buy down risk by demonstrating real results. That has not changed," Chief Strategy Officer Megan Wilson said, adding "What this transaction gives us now is that we are in growth mode." [5] The substance behind that push is General Fusion's Lawson Machine 26 (LM26), which the company announced in early 2025 as the world's first MTF demonstration machine built at a commercially relevant scale — compressing plasma with a lithium liner at 50% of commercial-scale diameter, built in under two years. LM26's milestones read like a roadmap: heat plasma to 1 keV (10 million degrees Celsius), then to 10 keV (100 million degrees Celsius), and ultimately to reach the Lawson criterion, the threshold conditions for net fusion energy in the plasma.

Crucially, General Fusion's path to market runs through a SPAC sponsor with a specific track record in this lane. Spring Valley has raised roughly $920 million across four IPOs, and its earlier vehicles took NuScale Power Corporation and Eagle Nuclear Energy Corp. public — the same sponsor network now backing a fusion debut and the team that brought Renewable Energy Group public at $10 and sold to Chevron for $61.50 in a ~$3 billion sale. The company has not built a commercial reactor that produces net energy, and it has publicly targeted a first-of-a-kind plant for the mid-2030s; the conference circuit marks its transition from a private research company to a public one.

CONTINUED… Read this and more on General Fusion at: GeneralFusion.com

Other industry developments and happenings in the market include:

NuScale Power Corporation (NYSE: SMR) reported first-quarter 2026 results highlighted by $1.0 billion in liquidity and continued momentum on the largest nuclear deployment program in U.S. history — up to 6 gigawatts of NuScale small modular reactor capacity being planned by its strategic partner ENTRA1 Energy with the Tennessee Valley Authority. Shareholders of Romania's Nuclearelectrica also approved advancing the next phase of the RoPower project, a six-module plant at a former coal site in Doiceşti.

"We ended the first quarter with $1 billion in liquidity, expanded our supply chain partnership with Framatome and saw continued progress on the TVA program," said John Hopkins, President and CEO of NuScale Power. "We are building the infrastructure that this pivotal moment requires." As the only small modular reactor developer with a U.S. Nuclear Regulatory Commission-approved design, NuScale carries a first-mover regulatory advantage — and, like General Fusion, has partnered with Spring Valley to reach the public markets.

Oklo Inc. (NYSE: OKLO), the fast-fission developer co-founded and led by Jacob DeWitte, continued de-risking its Aurora powerhouse after the NRC approved the project's Principal Design Criteria, with commercial deployment at Idaho National Laboratory targeted for late 2027. The company was also among five selected by the U.S. for advanced talks on using surplus government plutonium as reactor fuel.

DeWitte described that material as a potential "bridge fuel" that could help "bring more reactors online sooner." With CEO Jacob DeWitte appointed to the President's Council of Advisors on Science and Technology, Oklo has become a bellwether for how much investors will pay for a compelling pre-commercial energy story — the high-momentum end of the advanced-nuclear trade that General Fusion is now planning to enter.

Centrus Energy Corp. (NYSE: LEU) reported first-quarter 2026 net income of $10.0 million and raised its full-year revenue guidance, underpinned by a commercial low-enriched-uranium backlog it has pegged at roughly $2.3 billion, a federally backed $900 million high-assay low-enriched uranium (HALEU) enrichment award, and a multi-billion-dollar enrichment-plant expansion in Piketon, Ohio.

"The first quarter was marked by numerous wins and great operational progress as we accelerated our drive to restore America's ability to enrich uranium at scale," said Amir Vexler, President and CEO of Centrus. Unlike the pre-revenue developers, Centrus already generates real cash flow — a reminder that parts of the nuclear-renaissance trade are further along the commercialization curve than others.

NANO Nuclear Energy Inc. (NASDAQ: NNE) reported second-quarter fiscal 2026 results alongside the formal submission of a Construction Permit Application to the U.S. NRC for its first full-scale KRONOS MMR microreactor prototype at the University of Illinois, supported by a working-capital position of roughly $566 million.

"The formal submission of the Construction Permit Application to the U.S. NRC for our first full-scale KRONOS MMR system prototype… marked a major milestone as the program advances from engineering into construction readiness," said James Walker, CEO of NANO Nuclear. Like General Fusion, NANO is a pre-commercial company whose value rests on technology that has yet to reach the market — the closest peer in risk profile, if not in physics.

FURTHER READING: General Fusion — Investor Center

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This article is a paid digital media distribution and is for informational purposes only. It is not financial, investment, or trading advice, and is neither an offer nor a recommendation to buy or sell any security. Readers should conduct their own due diligence and consult a licensed financial advisor before making investment decisions.

This article is distributed by Equity Insider on behalf of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for General Fusion Inc. ("General Fusion") advertising and digital media distribution by Creative Direct Marketing Group ("CDMG"). MIQ does not own shares of General Fusion Inc. or Spring Valley Acquisition Corp. III ("SVAC") but reserves the right to buy and sell shares of the company at any time. Eagle Eye is a free investor-signal research tool owned and operated by MIQ; references to it in this article are promotion of an MIQ product, not independent endorsement, and Eagle Eye does not provide investment advice.

Certain statements in this article constitute "forward-looking information," including statements regarding the proposed business combination with Spring Valley Acquisition Corp. III and its timing, approvals, and financing; the future Nasdaq listing of the combined company; the General Fusion MTF technology and the LM26 program and its milestones; commercialization timelines; the conferences described; and the markets for fusion and advanced-nuclear energy. Such statements are subject to risks and uncertainties — including the risk the business combination may not close on the expected timeline or at all, failure to satisfy closing conditions or obtain approvals, financing and dilution risk, the early-stage and unproven nature of the technology, the risk that net fusion energy is not achieved, regulatory risk, competition, and other factors — that could cause actual results to differ materially. Readers are advised not to place undue reliance on forward-looking information. Comparable companies referenced herein are independent, publicly traded third parties included for industry context; certain of them were identified as peers in General Fusion's own public deal materials. Their inclusion is not a recommendation, and MIQ has no business relationship with them.

Cautionary Note Regarding Forward-Looking Statements

Certain statements included in this document are not historical facts but are forward-looking statements. All statements other than statements of historical facts contained in this document are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "target," "should," "will," "would," "will be," "will continue," "will likely result," "preliminary," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, SVAC's, General Fusion's, or their respective management teams' expectations concerning General Fusion's plan to go public through a business combination with SVAC (the transactions contemplated by the business combination, collectively, the "Proposed Business Combination") and expected benefits or timing thereof; the outlook for General Fusion's business, including its ability to commercialize MTF or any other fusion technology on its expected timeline or at all; statements regarding the current and expected results of General Fusion's LM26 program; the ability to execute General Fusion's strategies, including on any expected timeline or anticipated cost basis; projected and estimated financial performance; anticipated industry trends; future capital expenditures; government regulation of fusion energy; and environmental risks; as well as any information concerning possible or assumed future results of operations of General Fusion. The forward-looking statements are based on the current expectations of the respective management teams of SVAC and General Fusion, as applicable, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of SVAC's securities; (ii) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the adoption of the business combination agreement, dated January 21, 2026, among General Fusion, SVAC, and the other party thereto (the "Business Combination Agreement") by the shareholders of SVAC and the receipt of regulatory approvals; (iii) market risks; (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement; (v) the effect of the announcement or pendency of the Proposed Business Combination on General Fusion's business relationships, performance, and business generally; (vi) risks that the Proposed Business Combination disrupts current plans of General Fusion and potential difficulties in its employee retention as a result of the Proposed Business Combination; (vii) the outcome of any legal proceedings that may be instituted against General Fusion or SVAC related to the Business Combination Agreement or the Proposed Business Combination; (viii) failure to realize the anticipated benefits of the Proposed Business Combination; (ix) the inability to maintain the listing of SVAC's securities or to meet listing requirements and maintain the listing of the combined company's securities on Nasdaq; (x) the risk that the Proposed Business Combination may not be completed by SVAC's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SVAC; (xi) the risk that the price of the combined company's securities may be volatile due to a variety of factors, including changes in laws, regulations, technologies, natural disasters, national security tensions, and macro-economic and social environments affecting its business; (xii) laws and regulations governing General Fusion's research and development activities, and changes in such laws and regulations; (xiii) any failure to commercialize MTF on the expected timeline or at all, including any failure to achieve the objectives of the LM26 program; (xiv) environmental regulations and legislation; (xv) the effects of climate change, extreme weather events, water scarcity, and seismic events, and the effectiveness of strategies to deal with these issues; (xvi) fluctuations in currency markets; (xvii) General Fusion's ability to complete and successfully integrate any future acquisitions; (xviii) increased competition in the fusion industry; (xix) limited supply of materials and supply chain disruptions; and (xx) the risk that the proposed private placement of convertible preferred shares and warrants by General Fusion (the "PIPE Financing") may not be completed, or that other capital needed by the combined company may not be raised on favorable terms, or at all, including as a result of the restrictions agreed to in connection with the PIPE Financing. The foregoing list is not exhaustive, and there may be additional risks that neither SVAC nor General Fusion presently know or that SVAC and General Fusion currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this document and the other risks and uncertainties described in the "Risk Factors" section of SVAC's final prospectus for its initial public offering, which was filed with the SEC on September 4, 2025 (the "Final Prospectus"); the risks described in the joint registration statement on Form F-4 filed by General Fusion and SVAC, as amended (the "Registration Statement"), which includes a preliminary proxy statement/prospectus, or to be described in any amendment or supplement thereto; and those discussed and identified in filings made with the SEC by SVAC from time to time. General Fusion and SVAC caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this document speak only as of the date of this document. Neither General Fusion nor SVAC undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that General Fusion or SVAC will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up to the consummation of the Proposed Business Combination, in SVAC's public filings with the SEC, which are or will be (as applicable) accessible at www.sec.gov, and which you are advised to review carefully.

Important Information for Investors and Shareholders

In connection with the Proposed Business Combination, General Fusion and SVAC filed with the SEC the Registration Statement, which includes a preliminary prospectus with respect to SVAC's securities to be issued in connection with the Proposed Business Combination and a preliminary proxy statement in connection with SVAC's solicitation of proxies for the vote by SVAC's shareholders with respect to the Proposed Business Combination and other matters described in the Registration Statement (the "Proxy Statement"). After the SEC declares the Registration Statement effective, SVAC plans to file the definitive Proxy Statement with the SEC and to mail copies to SVAC's shareholders as of a record date to be established for voting on the Proposed Business Combination. This document does not contain all the information that should be considered concerning the Proposed Business Combination and is not a substitute for the Registration Statement, Proxy Statement or for any other document that SVAC has filed or may file with the SEC. Before making any investment or voting decision, investors and security holders of SVAC and General Fusion are urged to read the Registration Statement and the Proxy Statement, and any amendments or supplements thereto, as well as all other relevant materials filed or that will be filed with the SEC in connection with the Proposed Business Combination as they become available because they will contain important information about General Fusion, SVAC and the Proposed Business Combination. Investors and security holders are able to obtain free copies of the Registration Statement, the Proxy Statement and all other relevant documents filed or that will be filed with the SEC by SVAC through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by SVAC may be obtained free of charge from SVAC's website at https://sv-ac.com or by directing a request to Spring Valley Acquisition Corp. III, Attn: Corporate Secretary, 2100 McKinney Avenue, Suite 1675, Dallas, Texas 75201. The information contained on, or that may be accessed through, the websites referenced in this document is not incorporated by reference into, and is not a part of, this document.

Participants in the Solicitation

General Fusion, SVAC and their respective directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitations of proxies from SVAC's shareholders in connection with the Proposed Business Combination. For more information about the names, affiliations and interests of SVAC's directors and executive officers, please refer to the Final Prospectus and the Registration Statement, Proxy Statement and other relevant materials filed or to be filed with the SEC in connection with the Proposed Business Combination when they become available. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, which may, in some cases, be different than those of SVAC's shareholders generally, will be included in the Registration Statement and the Proxy Statement, when they become available. Shareholders, potential investors and other interested persons should read the Registration Statement and the Proxy Statement carefully, when they become available, before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

This document shall not constitute a "solicitation" as defined in Section 14 of the Securities Exchange Act of 1934, as amended. This document shall not constitute an offer to sell or exchange, the solicitation of an offer to buy or a recommendation to purchase, any securities, or a solicitation of any vote, consent or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. No offering of securities in the Proposed Business Combination shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

SOURCES:
https://www.iea.org/reports/world-energy-outlook-2025
https://generalfusion.com/post/general-fusion-business-combination-announcement/
https://generalfusion.com/post/general-fusion-to-participate-in-june-investor-and-industry-conferences/
https://www.sec.gov/Archives/edgar/data/2074850/000110465926024738/tm268233d1_425.htm

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Around two and a half years ago, at COP28, 20 countries committed to tripling their nuclear energy capacity by the year 2050. In recent years, the U.S. has been taking steps to fast-track licensing and accelerate the deployment of advanced nuclear technologies, such as microreactors and small modular reactors (SMRs). Hyperscalers are intrigued by the technology, which could address the growing energy demands of modern data centers.

One company developing microreactor technology is Nano Nuclear Energy (NNE 7.62%). It recently became the first commercial developer to secure formal acceptance from the Nuclear Regulatory Commission (NRC) for a microreactor construction permit.

With nuclear energy on the rise, Nano Nuclear could be a massive winner for long-term growth investors. But there's one big thing you should be aware of before buying the stock right now.

Image source: Getty Images.

The future of nuclear energy is coming Nano Nuclear Energy develops advanced, solid-core, factory-fabricated microreactors that are highly portable, enabling them to deliver reliable, carbon-free energy to remote locations, military bases, industrial facilities, and data centers. Its KRONOS microreactor design serves as stationary power for high-capacity industrial applications, while its ZEUS microreactor is a highly portable, fully sealed system for remote operations.

What makes Nano's microreactors appealing is that they use tri-structural isotropic (TRISO) fuel and helium coolant, meaning the reactors require no water for cooling and can shut down safely without human intervention or external power.

According to projections from the International Atomic Energy Agency (IAEA), global nuclear energy capacity could more than double by 2050, with SMRs playing a key role in the expansion. Microreactors, a subset of SMRs, could play a key role in helping hyperscalers meet their growing power needs by providing independent baseload power directly on-site.

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Investors must be realistic about Nano Nuclear's timeline Nano Nuclear recently secured the U.S. Nuclear Regulatory Commission's (NRC) formal acceptance of its construction permit application for its project at the University of Illinois. That said, it will be a while before one of Nano Nuclear's microreactors becomes operational. That's because the NRC still has to do a detailed evaluation of the KRONOS reactor's safety, engineering, and environmental footprint. Nano Nuclear expects this review to be done by 2027.

Once the NRC's review is complete and approved, Nano Nuclear expects to break ground on its full-scale KRONOS prototype in late 2027. From there, it will take a couple of years to build the prototype, which isn't expected to come online until 2030 at the soonest.

Nano Nuclear's promising technology could usher in a new era of energy generation, making nuclear energy portable, scalable, and accessible for off-grid use. That said, the review and approval process can be long and drawn-out, and any delays could push back what is already a multi-year timeline. If you buy today, you'll need to be patient as the process plays out. As for myself, I'll take a wait-and-see approach before buying the upstart nuclear energy stock.

Clean energy stocks caught a bid Monday as company-specific catalysts collided with a broader sector tailwind less than four weeks before a critical legislative deadline expires.

SUNE stock is soaring. See the chart and price action here.  Clean Energy MoversFuelCell Energy (NASDAQ:FCEL) shares initially climbed, before reversing lower after a mixed fiscal second quarter print before Monday's opening bell. 

Revenue of $35.6 million missed estimates and fell 5% year over year, while the GAAP net loss more than doubled to $77.6 million. Buyers were initially engaged by the company's plans to expand its Torrington, Connecticut, facility to 500 MW of annualized production capacity over the next 24 months. 

The move comes with a caveat: insiders have been aggressive sellers, with the company’s chairman offloading 700,000 shares at roughly $26.68 last week.

The Bigger PictureBeyond the individual movers, the broader clean energy tape remains on a strong run. 

Plug Power Inc. (NASDAQ:PLUG) has gained more than 280% over the trailing year off an 86 cent, 52-week low, fueled by a short-squeeze thesis and improving gross margins. 

What's Driving The Move? Two forces are driving the clean energy sector. 

The first is a July 4, 2026, deadline baked into last year’s One Big Beautiful Bill Act: developers must break ground — or incur at least 5% of project costs — before that date to retain the full 30% clean electricity investment tax credit and a four-year completion window. 

Miss the July deadline, and projects must be fully operational by Dec. 31, 2027 — a timeline most large-scale wind and solar farms cannot meet. 

That has pulled a wave of equipment orders and construction starts into the first half of this year. 

The second driver has no expiration date. The AI buildout has reframed clean energy as critical infrastructure, with the Department of Energy projecting data centers could consume 12% of U.S. electricity by 2028. 

After July 4, the legislative tailwind fades. The AI demand does not.

Photo: bombermoon / Shutterstock

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