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New York, New York--(Newsfile Corp. - September 9, 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, nuclear fuel cycle capabilities and nuclear transportation solutions, today announced that it has appointed Marilyn Diaz as its Director of Fuel Facilities Operations. Ms. Diaz is an experienced industry leader with a robust background in regulatory and policy matters.

New York, New York and Oak Ridge, Tennessee--(Newsfile Corp. - September 4, 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, nuclear fuel cycle capabilities and nuclear transportation solutions, today announced that it has signed a non-binding Memorandum of Understanding ("MOU") with Enveniam, LLC ("Enveniam"), a leading project integrator and provider of engineering, technology and project-delivery solutions, to explore a collaboration addressing nuclear fuel cycle infrastructure, microreactor commercialization, advanced manufacturing and end-user energy solutions.

Figure 1 - NANO Nuclear Energy and Enveniam Sign Memorandum of Understanding to Advance U.S. Nuclear Fuel Cycle, Microreactor Deployment and Energy Infrastructure

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11703/312953_7732e902b4852b3b_003full.jpg

The MOU establishes a framework through which the companies will explore utilizing Enveniam's experience in nuclear engineering, project integration, safety analysis, licensing support, project controls, operational readiness and complex energy infrastructure to advance NANO Nuclear's developing reactor, nuclear fuel fabrication and transportation capabilities. Any specific services, funding, projects or commercial commitments between the parties would be subject to separate definitive agreements.

"This MOU brings together two organizations with complementary capabilities across the advanced nuclear value chain," said Jay Yu, Founder and Chairman of NANO Nuclear Energy. "NANO Nuclear is building a vertically integrated platform spanning microreactors, nuclear fuel and transportation, while Enveniam brings extensive experience integrating complex nuclear and energy programs. By exploring opportunities together, we aim to strengthen the practical pathway from technology development to regulatory licensing, manufacturing and deployment, while preserving the flexibility to evaluate each potential project on its individual merits."

"Enveniam is focused on bringing disciplined project integration, technical depth and delivery certainty to critical energy missions," said Doug Freund, President and Chief Executive Officer of Boston Government Services and Executive Officer of Enveniam. "NANO Nuclear is advancing a broad portfolio that touches several important parts of the emerging advanced nuclear market. This framework gives our teams the opportunity to assess where Enveniam's engineering, project controls, licensing, safety and operational capabilities can help translate promising nuclear technologies and infrastructure concepts into executable projects."

Exploring Broad Cooperation Across the Nuclear Value Chain

Under the MOU, NANO Nuclear and Enveniam expect to evaluate potential cooperation across six principal workstreams:

Nuclear fuel transportation: engineering, safety, operational and regulatory support for NANO Nuclear's HALEU transportation systems, including transport-basket optimization, regulatory filings and security protocols.Conversion and deconversion: engineering design, criticality-safety analysis, integrated safety assessments and licensing-strategy support for potential uranium conversion and deconversion facilities.Microreactor commercialization: technical support for siting, licensing, engineering, fabrication, project controls, risk management, safety-basis development, operations planning and deployment readiness for NANO Nuclear's lead KRONOS MMR™ Energy System project or NANO Nuclear's portable microreactor designs.Advanced manufacturing: requirements development, project management, engineering design, baseline planning, earned-value management and operational-readiness support for a potential U.S.-based manufacturing facility for nuclear fuel, fuel components and microreactor modules.Domestic fuel supply chain: strategic, program-management, technical and compliance support spanning sourcing, fabrication, qualification, transportation and delivery.Commercial energy markets: joint market development and stakeholder engagement concerning potential electricity and process-heat solutions for data centers, remote and off-grid communities, Alaska Native organizations, island states and territories, and other energy-intensive users."Commercializing advanced nuclear technology requires more than a strong reactor design," said James Walker, Chief Executive Officer of NANO Nuclear Energy. "It requires disciplined licensing, safety analysis, project controls, supply-chain coordination, manufacturing planning and operational readiness. Enveniam's capabilities closely align with our expertise and business plans across these critical workflows. We believe this collaboration can help us evaluate projects more efficiently, identify execution risks earlier and build stronger delivery plans as opportunities advance toward definitive agreements."

Building a Disciplined Path to Definitive Projects

The MOU calls for establishing a joint working group that would meet periodically to review potential business opportunities, identify projects that may warrant a funded statement of work or task order, and consider joint applications for federal or state funding. Each company would retain discretion over the information it shares and the opportunities it elects to pursue.

The MOU does not obligate either company to proceed with a particular project, provide services, commit funding or enter into a commercial transaction. Any such activity would require separate definitive agreements establishing the applicable scope, schedule, responsibilities, economics, intellectual-property arrangements and regulatory requirements.

Supporting Data Centers and Remote Communities

One area of potential collaboration is the development of reliable electricity and process-heat solutions for data centers and other energy-intensive customers. The rapid expansion of artificial intelligence, cloud computing, advanced manufacturing and electrification is increasing demand for safe, dependable, around-the-clock power and creating opportunities for advanced nuclear technologies that can complement and support existing grids and energy infrastructure.

NANO Nuclear and Enveniam also intend to evaluate opportunities involving remote and off-grid communities, including Alaska Native organizations and island jurisdictions that may rely heavily on imported fossil fuels. Potential applications could include resilient power, district or industrial heat, desalination and hybrid energy systems combining microreactors with renewable generation. Any deployment would remain subject to technical feasibility, stakeholder support, financing, licensing and definitive project documentation.

Strengthening the Domestic Nuclear Fuel Cycle

The MOU also supports NANO Nuclear's broader strategy of developing capabilities across critical portions of the domestic nuclear fuel cycle. Through its subsidiaries Advanced Fuel Transportation Inc. and HALEU Energy Fuel Inc., NANO Nuclear is pursuing transportation and fuel-fabrication capabilities intended to support its own reactor programs and the wider advanced nuclear industry.

Enveniam's experience in project integration, nuclear operations, engineering, safety, licensing, supply-chain management and operational readiness may complement NANO Nuclear's work in fuel transportation, conversion and deconversion, fabrication and manufacturing. The companies believe that coordinated planning across these activities could help identify bottlenecks, improve project definition and support a more secure and resilient U.S. nuclear fuel supply chain.

About Enveniam

Enveniam, a Bernhard Capital Partners (BCP) portfolio company consisting of Boston Government Services (BGS), Strategic Management Solutions LLC (SMSI), and Sterling Engineering & Consulting (SE&C), advances the nation's focus on energy dominance and national security through engineering, technology, and deep domain expertise. As a Lead Project Integrator, the company delivers integrated solutions across federal and energy markets, including nuclear, oil, natural gas, renewables and critical infrastructure. Enveniam brings the scale, agility and depth needed to address complex energy and security challenges.

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.

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 that may impact our expected future business and financial performance and often contain words such as "expect," "anticipate," "intend," "plan," "aim," "goal," "explore," "seek," "believe," "potential," "will," "should," "could," "would" or "may" or derivations of these words and other words of similar meaning about the future, although forward-looking statements may be denoted by other terms. In this press release, forward-looking statements include, without limitation, statements concerning the anticipated benefits to NANO Nuclear of the MOU with Enveniam and the parties' goals of identifying areas of collaboration and entering into definitive agreements; and NANO Nuclear's development, regulatory, manufacturing and commercialization 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 that may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause actual future results to differ materially from those expressed in our forward-looking statements include, but are not limited to: (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 to 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 key vendor, technology and customer contracts and the significant funding necessary to execute on our business plan; (iv) uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology within the timelines we anticipate, if ever; (v) the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including those of the DOE and NRC and those associated with the ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation; and (vi) similar risks and uncertainties associated with operating a developing business in a highly regulated, competitive and rapidly evolving industry, including that our plans may change and we may use cash on hand faster or in different ways than anticipated. 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 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 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/312953

Source: NANO Nuclear Energy Inc.

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New York, New York--(Newsfile Corp. - September 3, 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, announced continued progress toward the development of the primary helium circulator for its proprietary KRONOS MMR™ Energy System under its engineering collaboration with Howden, a Baker Hughes Business.

The helium circulator is a critical mechanical subsystem within the KRONOS MMR™ Energy System, responsible for circulating helium coolant throughout the reactor to efficiently transfer heat generated within the reactor core. As one of the principal components supporting reactor performance, the circulator plays an essential role in overall plant efficiency, thermal performance, and long-term operational reliability.

Working closely with NANO Nuclear's reactor engineering team, Howden, a provider of air and gas handling products that is now a part of Baker Hughes after its acquisition of Chart Industries, is leading the engineering design of the helium circulator, applying its expertise from decades of experience in helium turbomachinery and high-temperature gas-cooled reactor technology to develop a solution tailored to the performance requirements of the KRONOS MMR™ Energy System.

The progress from preliminary engineering into the detailed design phase marks an important engineering milestone. Building upon the reactor performance requirements established by NANO Nuclear, Howden has completed key engineering evaluations, developed detailed three-dimensional design models, performed supporting engineering analyses, and conducted formal design reviews with NANO Nuclear's engineering team. Collectively, these activities establish a mature technical foundation for the helium circulator subsystem and increase confidence in its performance, manufacturability, and integration within the broader KRONOS MMR™ Energy System. NANO Nuclear and Howden are continuing engineering activities, including component qualification, materials and performance testing, continued design optimization, and manufacturing planning.

Figure 1 - NANO Nuclear and Howden, a Baker Hughes Business, Advance Engineering Collaboration for the KRONOS MMR™ Primary Helium Circulator to Detailed Design Phase

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11703/312712_5d155ed424add919_003full.jpg

This announcement follows recent progress related to NANO Nuclear's collaboration with Fortil on the design of the Fuel Handling & Storage System, another essential subsystem within the KRONOS MMR™ Energy System architecture. The Fuel Handling & Storage System supports the safe handling, storage, and management of nuclear fuel throughout reactor operations. Collectively, these announcements support future subsystem standardization and reinforce the engineering foundation necessary for future deployments and long-term commercialization.

James Walker, Chief Executive Officer of NANO Nuclear Energy, said: "Progressing the primary helium circulator into detailed design represents another important milestone in the continued development of the KRONOS MMR™ Energy System. Advancement of the circulator design strengthens the technical foundation of the overall reactor program and demonstrates the disciplined engineering execution essential for successful commercialization. We continue to make steady progress across both engineering and regulatory activities as we advance the KRONOS program toward prototype construction, regulatory licensing and future deployment."

Jay Yu, Founder and Chairman of NANO Nuclear Energy, added: "NANO Nuclear's strategy is built upon developing advanced reactor technology through disciplined engineering execution and strategic collaborations with world-class supply chain partners. Our continued work with Howden reflects that commitment, bringing together complementary expertise to advance a critical reactor subsystem. Each engineering milestone strengthens the industrial ecosystem supporting KRONOS while further positioning the program for future first-of-a-kind deployment and long-term commercial success."

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 Company's future development and commercial plans and goals for the helium circulator subsystem described herein and the KRONOS MMR™ Energy System 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 and maintain key vendor, technology and customer contracts and the significant funding necessary to execute on our business plan, (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/312712

Source: NANO Nuclear Energy Inc.

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BlackRock Inc. purchased a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,492,260 shares of the company’s stock, valued at approximately $73,826,000. BlackRock Inc. owned about 6.50% of Nano Nuclear Energy as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NNE. SBI Securities Co. Ltd. lifted its holdings in Nano Nuclear Energy by 9.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 4,369 shares of the company’s stock valued at $105,000 after purchasing an additional 381 shares during the last quarter. US Bancorp DE raised its position in shares of Nano Nuclear Energy by 51.9% in the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after purchasing an additional 400 shares during the period. Swiss National Bank lifted its stake in shares of Nano Nuclear Energy by 1.2% during the 3rd quarter. Swiss National Bank now owns 60,300 shares of the company’s stock valued at $2,325,000 after buying an additional 700 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in Nano Nuclear Energy by 7.5% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 10,320 shares of the company’s stock worth $211,000 after buying an additional 720 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Nano Nuclear Energy by 4.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 19,058 shares of the company’s stock worth $390,000 after buying an additional 793 shares during the period.

Wall Street Analyst Weigh In NNE has been the subject of a number of analyst reports. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research report on Thursday, August 13th. Truist Financial assumed coverage on shares of Nano Nuclear Energy in a report on Monday, July 13th. They issued a “hold” rating and a $22.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Friday, July 17th. Northland Securities set a $37.00 price objective on Nano Nuclear Energy in a research report on Friday, August 14th. Finally, Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Check Out Our Latest Report on Nano Nuclear Energy Nano Nuclear Energy Stock Performance Shares of Nano Nuclear Energy stock opened at $17.97 on Monday. Nano Nuclear Energy Inc. has a 12 month low of $14.71 and a 12 month high of $60.87. The firm has a market capitalization of $964.99 million, a P/E ratio of -26.04 and a beta of 5.42. The business has a fifty day simple moving average of $18.74 and a two-hundred day simple moving average of $22.52.

Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.07. The business had revenue of $0.21 million during the quarter, compared to the consensus estimate of $0.50 million. Analysts predict that Nano Nuclear Energy Inc. will post -0.8 earnings per share for the current year.

Insiders Place Their Bets In related news, CFO Jaisun Garcha sold 37,215 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $26.48, for a total value of $985,453.20. Following the completion of the transaction, the chief financial officer owned 345,000 shares of the company’s stock, valued at approximately $9,135,600. This trade represents a 9.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Florent Heidet sold 3,000 shares of Nano Nuclear Energy stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.95, for a total transaction of $74,850.00. Following the transaction, the chief technology officer directly owned 6,185 shares of the company’s stock, valued at $154,315.75. The trade was a 32.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,616,981 shares of company stock worth $43,096,346 in the last three months. 18.61% of the stock is owned by company insiders.

Nano Nuclear Energy Company Profile (Free Report)

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.

Read More Five stocks we like better than Nano Nuclear Energy Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally Rubrik’s AI Security Bet Could Power the Next Leg Higher Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against? Want to see what other hedge funds are holding NNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nano Nuclear Energy Inc. (NASDAQ:NNE – Free Report).

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Shares of NANO Nuclear Energy Inc (NASDAQ:NNE) are trading higher Tuesday afternoon as buying momentum accelerates across uranium miners and advanced nuclear technology developers.

Here’s what investors need to know.

NANO Nuclear Energy stock is among today’s top performers. What’s fueling NNE momentum? Ontario Export Threats Trigger Broad Nuclear Sector RallyThe primary catalyst behind the sector-wide surge stems from mounting trade tensions following statements by Ontario Premier Doug Ford.

Ford cautioned that Canada could restrict U.S. shipments of high-grade nickel and refined uranium originating in Ontario, home to Cameco’s Blind River refinery, the world’s largest commercial uranium processing hub.

The prospect of cross-border supply constraints sent uranium spot prices to a seven-month high, triggering a broad rally across the domestic nuclear energy sector.

AI Data Center Microreactor Framework Reinforces Domestic Growth NarrativeBeyond commodity-driven tailwinds, investors are likely viewing cross-border supply risks as a net positive for U.S.-based microreactor developers that reinforce domestic energy independence.

The rally builds on momentum from Monday, when NANO Nuclear announced a non-binding strategic framework with Tillman Global Holdings and Tillman Digital Gateway to evaluate deploying its proprietary KRONOS MMR microreactor systems across planned AI industrial zones in the United States.

NNE Shares Climb TuesdayNNE Price Action: NANO Nuclear Energy shares were up 5.25% at $19.23 at the time of publication on Tuesday, according to Benzinga Pro data.

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Commercial framework identifies NANO Nuclear as Tillman's preferred nuclear technology provider; Parties targeting 2 gigawatts ("GW") or more of advanced nuclear capacity by the mid-2030s and 6 GW or more by 2040

Framework also includes fully milestone-vesting warrants for Tillman to purchase up to $100 million of NANO Nuclear Energy common stock, with a majority of the warrants vesting upon future binding reactor purchase commitments and a portion vesting upon achievement of key project-development milestones

New York, New York--(Newsfile Corp. - August 24, 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 next-generation energy solutions, today announced the signing of a non-binding Strategic Commercial Framework with Tillman Global Holdings ("TGH" or "Tillman") and its global data-center platform, Tillman Digital Gateway ("TDG"), to advance the future deployment of NANO Nuclear's KRONOS MMR™ Energy Systems across Tillman's planned AI industrial zones in the United States.

The framework identifies NANO Nuclear as Tillman's anticipated preferred nuclear technology provider and establishes a structure for the parties to collaborate on the evaluation and development of nuclear generation opportunities across Tillman's growing U.S. data-center pipeline, with a parallel opportunity to expand to certain international markets.

In connection with the proposed collaboration, the parties are targeting 2 GW or more of advanced nuclear capacity by the mid-2030s and 6 GW or more by 2040, subject to general and site-specific definitive agreements, customer commitments, financing, regulatory approvals and other project requirements.

Tillman, a global firm that develops, owns, and scales large-scale digital and energy infrastructure, is advancing a multi-state pipeline of planned AI industrial zones in the U.S. designed to support gigawatt-scale power requirements from anticipated hyperscale and AI tenant customers. As part of its power-first development strategy, Tillman evaluates sites for their ability to accommodate multiple sources of generation and intends to reserve the space to integrate advanced nuclear power as a medium- to long-term source of reliable, baseload generation.

Figure 1 - NANO Nuclear and Tillman Digital Gateway Sign Strategic Commercial Framework to Advance Nuclear Power for Gigawatt-Scale U.S. AI Industrial Zones

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11703/311012_76d0c2c274ee3872_003full.jpg

Under the framework, NANO Nuclear and Tillman intend to collaborate across the nuclear project-development lifecycle, including site evaluation and diligence, licensing and development planning, customer engagement and project deployment. The contemplated structure would combine Tillman's infrastructure development, project financing and power-development capabilities with NANO Nuclear's advanced reactor technology, nuclear licensing capabilities and integrated approach to the nuclear fuel cycle.

Combining Complementary Infrastructure and Nuclear Capabilities

Tillman and its affiliated companies have significant experience developing, financing, owning and operating large-scale digital and energy infrastructure, including U.S. cell towers, fiber infrastructure, in-building connectivity systems and electric vehicle charging infrastructure, and have secured approximately $16 billion of capital since inception. Tillman is leveraging this experience for the development of power-first AI infrastructure designed to address the scale, reliability and speed-to-market requirements of next-generation computing customers.

NANO Nuclear is developing its KRONOS MMR Energy System, a 15 MWe High-Temperature Gas-Cooled Reactor designed to support modular and phased deployment. The parties believe the technology's modular architecture is particularly well-suited for staged deployment at large-scale data-center campuses as nuclear generation becomes available over the medium and long term.

"Power availability is becoming one of the defining constraints on the continued expansion of AI infrastructure, and addressing this challenge will require both near-term execution and long-term planning," said James Walker, Chief Executive Officer of NANO Nuclear Energy. "This framework represents a milestone in our future customer acquisition strategy, as Tillman brings deep infrastructure-development capabilities, access to capital and relationships across the technology ecosystem, together with a power-first approach to developing the next generation of AI campuses. By planning for nuclear at the earliest stages of site development, we believe we can establish a practical pathway to introduce reliable, baseload power as these campuses scale."

"For NANO Nuclear, this framework represents an important potential commercialization pathway that connects our technology with an anticipated multi-gigawatt-site pipeline of power demand," said Jay Yu, Founder and Chairman of NANO Nuclear Energy. "Importantly, the structure is intended to align both organizations around measurable project-development and commercial milestones as individual opportunities progress. We believe combining Tillman's infrastructure-development capabilities with our nuclear technology, regulatory licensing pathway and deployment model can create a scalable foundation for future nuclear-powered AI infrastructure."

"Meeting the extraordinary power requirements of next-generation AI infrastructure requires us to plan not only for what our campuses need today, but for the resilient, scalable power architecture they will require for decades to come," said Sachit Ahuja, Co-President of Tillman Global Holdings. "We view NANO Nuclear as an emerging leader in advanced nuclear whose progress to date, commercially focused strategy and modular technology platform make it a compelling potential solution for our medium- and long-term power requirements. This framework combines Tillman's infrastructure-development platform and relationships with large-scale technology customers and NANO Nuclear's advanced nuclear capabilities, creating a pathway to benefit from the integration of nuclear generation into future Tillman campuses as our portfolio expands."

Potential Multi-Gigawatt Deployment Pathway

As part of the proposed collaboration, the parties are targeting 2 GW or more of advanced nuclear capacity by the mid-2030s, with a longer-term objective of 6 GW or more by 2040 across Tillman projects. The parties are also evaluating opportunities to extend their collaboration to select international markets where Tillman or its affiliates are developing or evaluating large-scale digital infrastructure.

Key Elements of the Proposed Framework

Preferred nuclear technology relationship: The framework identifies NANO Nuclear as Tillman's proposed preferred nuclear technology provider for potential advanced nuclear energy deployments across Tillman's planned U.S. AI industrial zones.

Joint project development: Tillman and NANO Nuclear intend to evaluate candidate sites for future nuclear energy deployment and collaborate on site diligence, development and licensing planning, customer engagement and project structuring as individual opportunities advance.

IPP-style deployment model: For qualifying projects, the parties contemplate an independent-power-producer-style structure under which Tillman or its affiliates would finance, develop and own project power infrastructure and NANO Nuclear would develop, support operations, and supply the reactors and fuel, with specific commercial arrangements to be negotiated on a project-by-project basis.

Milestone-Based Warrant Arrangement and $5 Million Initial Equity Grant: The framework contemplates the proposed issuance to Tillman of fully milestone-vesting warrants to purchase up to $100 million of NANO Nuclear common stock. A majority of the warrants would vest only upon future binding reactor purchase commitments. The remaining portion of the warrants would vest only upon achievement of specified project-development milestones.

The framework also contemplates an initial restricted common stock grant to Tillman with a notional value of $5 million, a portion of which would vest upon execution of definitive equity grant agreements, with the substantial majority vesting only upon achievement of specified project-development milestones.

Project-level equity participation: The framework also contemplates potential rights for NANO Nuclear to participate alongside Tillman in a portion of the equity of certain project-level entities associated with future nuclear generation and corresponding data-center development once qualifying nuclear projects reach specified development milestones. Any such participation is subject to separately negotiated project-specific terms and definitive agreements.

All of the foregoing terms remain subject to evolution based on the preparation and execution of definitive documentation.

NANO Nuclear is being advised on the transaction by EAS Advisors LLC, acting through Odeon Capital Group LLC.

About Tillman Global Holdings

Tillman Global Holdings is a U.S.-based holding company that builds and scales leading businesses in essential digital and energy infrastructure. Founded in 2013 by Sanjiv Ahuja, the firm operates with a long-term, operator-led approach, leveraging deep expertise and disciplined capital allocation to address evolving customer and connectivity needs. Tillman applies its hands-on management model to create robust infrastructure platforms that support economic growth and deliver long-term value across the territories in which it operates.

Tillman's current portfolio companies operate premier fiber networks, mobile tower platforms, hyperscale data centers, in-building connectivity systems, and energy infrastructure. For more information, visit tillmanglobal.com.

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 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 "contemplated", "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, although these are not the exclusive terms that denote forward-looking statements. In this press release, forward-looking statements include those relating to (i) the Company's potential commercial collaboration with Tillman, which is presently only subject to a non-binding written framework and remains subject to the preparation, negotiation and execution of both general and project specific definitive agreements and (ii) the Company's and Tillman's business and operational development plans in general. 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 risk that the Company and Tillman may never advance beyond the exploratory stage and reach definitive documentation (on the terms set forth herein, or at all) or an actual investment by Tillman in the Company, as well as 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 key vendor, technology and customer contracts and the significant funding necessary to execute on our business plan, (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/311012

Source: NANO Nuclear Energy Inc.

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Key Takeaways NNE expects initial KRONOS construction in the second half of 2027, with first power targeted around 2030.NNE is nearing a preferred-provider framework for data center campuses that could deploy KRONOS systems.NNE says KRONOS can use available LEU, while fuel-cycle integration and long-term supply talks advance. NANO Nuclear Energy Inc. (NNE - Free Report) used its third-quarter earnings call to focus on two execution tracks: advancing KRONOS through formal NRC review and converting its commercial pipeline into more structured customer commitments.

Management also emphasized fuel-cycle integration, capital discipline and staffing as it prepares for construction and broader commercialization.

NNE Sets a 2027 Construction PathCEO and interim head of Reactor Development James Walker said the NRC expects to complete its environmental assessment in the first quarter of 2027 and its safety evaluation in the third quarter.

Walker said those milestones remain consistent with NANO Nuclear's expectation to begin initial construction at the University of Illinois in the second half of 2027, with first power targeted around 2030.

An H.C. Wainwright analyst asked about long-lead equipment. Walker said initial work centers on excavation, concrete and the reactor citadel, while vendor negotiations for reactor components are already underway.

NANO Nuclear Builds Data Center FrameworkWalker said NNE is advancing a framework with a large infrastructure developer whose data center campuses could use KRONOS systems. The partner would bring financing, sites and power infrastructure, while NANO Nuclear would supply reactors, fuel, licensing support and operating capabilities.

A Texas Capital Securities analyst pressed for details. Walker said the structure under discussion could include equity grants and warrants for the partner, along with milestone-based investments ranging from tens of millions of dollars to as much as $100 million.

Director of Investor Relations Matthew Barry said management is close to an initial preferred-provider framework. A ROTH Capital Partners analyst asked about faster DOD approvals, but Walker said conventional licensing work still needs to be completed and saw limited scope for major fast-tracking.

NNE Leans on Fuel-Cycle IntegrationWalker framed the Secured Transportation Systems acquisition as both a commercialization safeguard and a standalone growth platform. STS gives NANO Nuclear in-house nuclear logistics capabilities and experience across government and commercial missions.

An Alliance Global Partners analyst asked whether STS should be viewed mainly as strategic infrastructure. Walker said the business serves both purposes and could expand substantially as NNE pursues adjacent transportation capabilities.

Management is also evaluating conversion, deconversion and fuel-facility opportunities. Founder, executive chairman, president, secretary and treasurer Jiang Yu said a separate fuel-related proposal remains under review, while Walker stressed that acquisitions are intended to support reactor deployment rather than create large capital outlays.

NANO Nuclear Defends Fuel AvailabilityA Texas Capital Securities analyst focused on enrichment and TRISO fabrication. Walker said KRONOS can use commercially available low-enriched uranium and that NNE has begun discussions with enrichment providers including Urenco.

Walker also said the company is speaking with several TRISO fabricators and is working to secure long-term arrangements. He said existing fabrication capacity can support the first-of-a-kind reactor timeline.

A BTIG analyst later asked about switching from LEU+ to HALEU. Barry said the KRONOS design would not require a redesign for that change, giving NANO Nuclear flexibility to adopt HALEU when it becomes available and economically viable.

NNE Keeps Capital Discipline in FocusChief financial officer Jaisun Garcha said quarter-end liquidity was about $580 million after roughly $26 million of net ATM proceeds. Operating expenses were $15.9 million as engineering, licensing and fuel-cycle work expanded.

The company reported a loss of $0.19 per share, narrower than the Zacks Consensus Estimate of a loss of $0.28. Revenues of $0.21 million missed the $1 million consensus estimate.

On M&A, Walker told an H.C. Wainwright analyst that NNE is not targeting large acquisitions requiring hundreds of millions of dollars. Barry added that management is evaluating government and other funding mechanisms to reduce capital needs for larger opportunities.

NANO Nuclear's Execution PrioritiesManagement's tone remained focused on converting regulatory progress into construction readiness while tightening the commercial structure around prospective deployments.

The call also made clear that NNE expects its organization to keep expanding. Walker said technical hiring should accelerate over the coming months, while management continues building fuel-cycle capabilities alongside reactor development.

NNE's Zacks Rank and Style Score SignalsNNE currently carries a Zacks Rank #2 (Buy). Its Momentum Score is B, while its Value, Growth and VGM Scores are F. Zacks methodology views A or B Style Scores as the strongest complements to top Zacks Ranks. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

That mix pairs a favorable Rank with weaker scores across several style dimensions. The Zacks Rank can change as analyst estimates are revised following the just-reported results.

Shares of Nano Nuclear Energy Inc. (NNE - Free Report) have gained 19.4% over the past four weeks to close the last trading session at $19.59, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $41.14 indicates a potential upside of 110%.

The mean estimate comprises seven short-term price targets with a standard deviation of $9.3. While the lowest estimate of $22.00 indicates a 12.3% increase from the current price level, the most optimistic analyst expects the stock to surge 155.2% to reach $50.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

However, an impressive consensus price target is not the only factor that indicates a potential upside in NNE. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why NNE Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The Zacks Consensus Estimate for the current year has increased 9.4% over the past month, as three estimates have gone higher compared to no negative revision.

Moreover, NNE currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much NNE could gain, the direction of price movement it implies does appear to be a good guide.

It's been a rough year for Nano Nuclear Energy's (NNE -2.39%) stock. In the past 12 months, shares of the nuclear energy company have stumbled more than 40% and are now trading around $20. This pullback feels overdone, though, and I don't believe Nano Nuclear will remain at, or below, $20 for much longer.

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First and foremost, while the company is still pre-revenue, it has enough cash in the bank to give itself a substantial runway. As of its 2026 fiscal third-quarter, Nano reported $580 million in cash and short-term securities.

Secondly, progress is being made on the regulatory side. A formal construction permit was submitted to the Nuclear Regulatory Commission (NRC) by the University of Illinois to deploy Nano's Kronos microreactor on the campus. Nano also has memorandums of understanding with various partners in AI, energy, and manufacturing.

Lastly, Nano recently acquired Secured Transportation Systems (STS) to strengthen its fuel-cycle capabilities. The purchase of STS gives Nano some immediate revenue and a more vertically integrated business.

Image source: Getty Images.

Analysts have an average price target of $42 for the stock, which is well above its current price. The cash cushion and progress on the regulatory front should reassure investors that Nano will be an active participant in the AI and data center boom, even though real revenue is likely still years away.

Fortunately, the demand for nuclear isn't going anywhere, so buying the stock now and holding could potentially have tremendous upside if Nano can fully execute in the second half of this decade.

Catie Hogan 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’s Air Force Contract Puts Its Short-Squeeze Setup in FocusNano Nuclear Energy NASDAQ: NNE said its third-quarter progress centered on advancing the licensing and engineering of its Kronos microreactor, expanding its nuclear fuel-cycle capabilities through acquisitions, and pursuing potential commercial deployments for data centers, industrial users and government customers.

The company said the U.S. Nuclear Regulatory Commission formally accepted for review in May the construction permit application for a full-scale Kronos micro modular reactor at the University of Illinois Urbana-Champaign. Chief Executive Officer James Walker said the NRC expects to complete its environmental assessment in the first quarter of 2027 and its safety evaluation in the third quarter of 2027.

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MarketBeat Week in Review – 06/29 - 07/03Those milestones are consistent with Nano Nuclear's expectation that the review process could conclude in 2027, allowing initial construction activity to begin in the second half of that year, Walker said. Initial work would focus on excavation and construction of the underground structure that will house the reactor, while certain non-nuclear portions of the broader energy system could be built without waiting for NRC approval, he added.

Kronos Development and Fuel Strategy Founder, Chairman and President Jay Yu said Kronos is based on high-temperature gas-cooled reactor technology and is designed to use TRISO fuel. The reactor is intended to use low-enriched uranium, or LEU-plus fuel, that the company said is commercially available today, while retaining the ability to use high-assay low-enriched uranium, or HALEU, later without redesigning the reactor.

SMRs Spark a Chain Reaction for Nano NuclearWalker said Nano Nuclear has begun discussions with enrichment providers, including Urenco, regarding fuel needs for broader deployment, while the company is also speaking with potential TRISO fuel fabricators. He said the company believes capacity exists to fabricate fuel for the University of Illinois project, though its longer-term strategy may include greater participation in fuel manufacturing or joint ventures as reactor deployments expand.

The company also reported engineering progress on critical reactor systems. Nano Nuclear is working with Fortil on Kronos’ fuel-handling and storage system, while a separate engineering collaboration with another gas-cooled reactor-experienced firm has entered detailed design for the reactor’s primary helium circulator.

Commercial Pipeline Includes Data Centers and Government Opportunities Nano Nuclear completed a feasibility study with BaRupOn evaluating a phased deployment of up to 1 gigawatt of Kronos capacity. The company said it is continuing discussions with BaRupOn regarding potential initiation of the NRC licensing process, though it did not provide a timeline for an application.

The company is also progressing discussions with a potential strategic collaborator and customer developing multi-gigawatt data-center projects in the U.S. and internationally. Walker said a potential framework could make Nano Nuclear the preferred nuclear technology provider for the developer’s campuses.

Under the framework under discussion, the partner could provide financing, power infrastructure and data-center campus development, while Nano Nuclear would provide reactors, fuel, licensing support and operational capabilities. The company said a potential arrangement could include equity grants or warrants as well as investments in Nano Nuclear tied to development and reactor-purchase milestones. Terms remain under discussion.

Nano Nuclear also signed a memorandum of understanding with Supermicro to evaluate integrating Kronos with AI server and data-center infrastructure platforms, including potential off-grid applications and joint go-to-market opportunities.

In the government market, the company said it received an SBIR Phase I award from AFWERX, the Department of the Air Force’s innovation arm, to advance Kronos for Air Force applications. Nano Nuclear also said its previously announced direct Phase II SBIR award for Joint Base Anacostia-Bolling remains on schedule, with four remaining contract deliverables expected over the next 12 to 18 months.

STS Acquisition Expands Fuel-Cycle Footprint In May, Nano Nuclear completed its acquisition of Secured Transportation Services, or STS, a nuclear logistics, transportation and services business. The company said STS has more than 20 years of experience transporting radioactive and nuclear materials and has a history of profitability.

Walker said STS has recently supported Department of Energy and National Nuclear Security Administration missions, including transporting HALEU from Japan to the U.S. and removing highly enriched uranium from Venezuela. Nano Nuclear believes bringing those capabilities in-house can reduce its dependence on third-party providers and help de-risk future reactor deployments.

The company is evaluating additional acquisitions and partnerships across the fuel cycle, including another transportation business and nuclear fuel-facility assets. Walker said management does not intend to pursue large acquisitions requiring hundreds of millions of dollars in upfront spending, though a potential fuel-facility investment could be structured through investments needed to complete the facility.

Financial Results and Liquidity Chief Financial Officer Jaisun Garcha said STS generated approximately $3.9 million of unaudited revenue during the first six months of calendar 2026, including $200,000 from the May 22 acquisition closing through June 30.

Third-quarter operating expenses totaled $15.9 million, reflecting higher general and administrative and research and development spending. Net loss was $10.1 million, compared with a $7.6 million loss in the prior-year quarter. Year-to-date net loss was $25.8 million, improving from $32 million in the prior-year period, aided by higher interest income and lower equity-based compensation. Year-to-date operating cash usage was $18.7 million. Year-to-date investing cash usage was $297.6 million, including approximately $281 million in short-term investments, about $10 million in property and equipment additions, and about $6 million related to the STS acquisition. Nano Nuclear ended the quarter with approximately $580 million in liquidity, up roughly $11 million sequentially. The increase reflected approximately $26 million in net proceeds from its at-the-market equity program, partially offset by spending on Kronos development, licensing and fuel-cycle initiatives.

Management said it is evaluating non-dilutive funding opportunities for the University of Illinois project, including potential investment tax credits, Department of Energy programs and support from the university or the state of Illinois.

About Nano Nuclear Energy (NASDAQ:NNE)NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Should You Invest $1,000 in Nano Nuclear Energy Right Now?Before you consider Nano Nuclear Energy, you'll want to hear this.

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Management to hold webcast today at 5:00 pm Eastern New York, N.Y., Aug. 12, 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 reported its third quarter fiscal year 2026 financial results and provided a business update.

New York, N.Y., Aug. 05, 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 it will host its third quarter fiscal 2026 business update webcast on Wednesday, August 12, 2026, at 5:00 p.m.

Up then down, up then down, up then down, up...

That's been the 2026 edition of Nano Nuclear Energy (NNE -4.62%) stock, which is rallying hard on new momentum this week.

The latest surge in Nano stock, which, as of midday July 30, is at plus-10%, comes after Nano announced a small positive milestone: The company was selected by the AFWERX, an innovation arm of the Department of the Air Force (DAF), to study how its microreactor KRONOS could help solve the DAF's most urgent energy problems.

It's a small win, but when your business is still trudging through the NRC's laborious regulatory process, you'll take every "nano" win you can get.

There's more to this deal than might be apparent at first glance, however. So let's take a deeper look.

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Nano is building a defense story in addition to AI The narrative around Nano Nuclear has been similar to that which has driven (and crushed) many other energy stocks: the expansion and construction of AI data centers.

To sum up, future electricity consumption appears to follow a J-shaped curve, with total average demand rising dramatically over the next two decades. Companies like Nano, whose nuclear reactors could be deployed for on-site power generation, could fill in gaps between today's generation capacity and the enormous capacity needed tomorrow.

That's all good, and AI has certainly put nuclear start-ups like Nano in the spotlight. But since any AI-related or -adjacent stock will rise and fall with the general tide of neural-network enthusiasm or pessimism, Nano has been subject to capricious mood swings. At its peak, this stock traded north of $60 per share; today, the business is stronger, and it trades a few quarters shy of $17.

Long preamble, short: This is why I love the recent moves Nano has been making, including this deepening relationship with the DAF. Military bases are a large potential market for nuclear energy, not only because the military tends to prioritize energy security but also because it may have the budget to tolerate higher up-front costs.

It also allows Nano to showcase its technology to higher-ups in the government, whose decision-making could play a vital role in deploying its microreactor by the Department of Defense.

Image source: Getty Images.

What this announcement does not mean, however, is just as important to consider as what it does: Nano is not selling a reactor to the Air Force. KRONOS is not the Air Force's preferred microreactor, nor is future deployment by the Air Force guaranteed.

Even after today's pop, Nano is still Nano, still under the duress of stamping its microreactor designs with NRC approval, building them at scale, and deploying them to customers. That will take years, perhaps a decade or longer. The stock isn't for the faint of heart, but patient investors comfortable with risk may find it an intriguing long-term play on new nuclear energy.

The Department of Defense serves as the ultimate anchor tenant for unproven, capital-intensive energy infrastructure. Securing early military contracts provides immediate technical validation for early-stage enterprises, opening a critical pipeline to non-dilutive federal capital.

Nano Nuclear Energy Today

NNE

Nano Nuclear Energy

$16.11 -0.68 (-4.02%)

As of 12:45 PM Eastern

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

52-Week Range$15.20▼

$60.87Price Target$40.75

NANO Nuclear Energy NASDAQ: NNE recently capitalized on this dynamic. NANO Nuclear Energy formally commenced a Small Business Innovation Research Phase I contract with AFWERX and the Air Force Research Laboratory on July 21, 2026. Market participants responded favorably by pushing Nano Nuclear’s stock price up 7.7% to close above $16.75 on heavy volume.

The contract funds exploratory deployment studies for the KRONOS Micro Modular Reactor. This system is a stationary, high-temperature gas-cooled unit designed specifically for U.S. Air Force installations. The military wants to shift away from vulnerable and logistically complex diesel supply chains toward resilient, localized, zero-carbon baseload power. NANO Nuclear Energy fits directly into this strategic mandate.

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Weighing Pre-Revenue FissionA Phase I award acts as an initial feasibility study rather than a full commercial procurement order. It grants expedited entry into the defense innovation pipeline. Government partnerships act as a stabilizing force for a pre-revenue technology firm, effectively underwriting a portion of the substantial research and development expenditures required to bring first-of-a-kind energy solutions to market.

Valuing a pre-revenue nuclear startup requires a different framework than valuing a traditional utility company. NANO Nuclear has a market capitalization of $874.42 million, a trailing-12-month net loss of $40.07 million, and an earnings-per-share loss of 69 cents.

The balance sheet reveals a deliberate and cash-heavy capital structure. NANO Nuclear boasts current and quick ratios of 95.73, indicating the post-IPO capital is being hoarded to fund multi-year regulatory and development pipelines. The stock currently trades at a price-to-book ratio of 3.79, based on a book value of $4.43 per share.

Within the broader advanced fission sector, direct comparisons are often drawn to NuScale Power NYSE: SMR and Oklo NYSE: OKLO. NuScale Power focuses on larger small modular reactors capable of scaling up to 924 MWe to power entire municipal grids. NANO Nuclear Energy targets the microreactor niche, aiming for outputs of 1-20 MWe. This smaller footprint is specifically engineered to replace localized diesel generators in remote areas, mining operations, and military bases.

The HALEU Supply Chain CommandThe most severe operational bottleneck in the advanced nuclear sector is not reactor design. Fuel supply remains the primary constraint. Next-generation reactors require high-assay low-enriched uranium, a specialized fuel currently facing severe domestic supply chain bottlenecks. Instead of relying entirely on third-party vendors, NANO Nuclear is executing an aggressive vertical integration strategy.

Through its subsidiaries, HALEU Energy Fuel Inc. and Advanced Fuel Transportation Inc., NANO Nuclear Energy is actively developing a proprietary pipeline for fuel fabrication and transportation. Controlling the underlying commodity and its physical transport mechanics acts as a structural economic moat. If successful, NANO Nuclear Energy will evolve from a pure-play reactor developer into a diversified nuclear logistics enterprise capable of capturing margins across the entire fuel lifecycle.

NANO Nuclear Energy is also pushing aggressively on the regulatory front. The U.S. Nuclear Regulatory Commission formally initiated review activities for the KRONOS reactor in late June in collaboration with the University of Illinois Urbana-Champaign. Navigating the regulatory commission is famously expensive and time-consuming. Initiating this process creates a high barrier to entry for prospective competitors.

Management is also signaling a broader expansion of its potential market. NANO Nuclear Energy recently rebranded its portable Pylon reactor to the LOKI Micro Modular Reactor and launched NANO Nuclear Space Inc. to target cis-lunar and advanced propulsion applications. This expansion aims to tap into rapidly growing capital flows in the aerospace sector.

Squeezing the Bearish OverhangDespite the regulatory progress and defense validation, institutional skepticism remains high. A deep look at the underlying market mechanics reveals a bearish institutional overhang, in contrast to recent retail momentum.

Nano Nuclear Energy Stock Forecast Today12-Month Stock Price Forecast:
$40.75
159.59% Upside

Moderate Buy
Based on 8 Analyst Ratings

Current Price$15.70High Forecast$50.00Average Forecast$40.75Low Forecast$22.00Nano Nuclear Energy Stock Forecast Details

Currently, 13.84 million shares are sold short against a 42.81 million share float. This dynamic results in a short float of 32%. The days-to-cover ratio is 5.0, meaning it would take five full days of average trading volume for short sellers to unwind their positions. Elevated put-to-call ratios and extreme implied volatility across near-term options indicate that institutions are heavily hedging against sudden, violent price action.

This creates a fascinating mechanical setup for investors. High short interest operates as a headwind during normal trading conditions, but it also provides the structural fuel for upside convexity. Any major positive catalyst, such as an accelerated regulatory approval or a new non-dilutive funding grant, forces short sellers to cover their positions by buying stock on the open market. This action can trigger a short squeeze, rapidly multiplying any fundamental price appreciation.

Cautious investors should weigh the potential for a short squeeze against internal capital flows. Over the trailing three months, insiders at NANO Nuclear have executed $43.1 million in stock sales while recording zero open-market purchases. Heavy insider distribution during a pre-revenue phase often signals that management is taking risk off the table while retail investors shoulder the long-term execution burden.

Sizing Up the Fission TradeThe advanced nuclear sector represents a generational shift in global energy infrastructure. Microreactors provide a highly specific solution for localized and off-grid power demands. The recent contract with the Department of Defense is a crucial first step toward validating the commercial viability of the KRONOS system.

Investors weighing exposure to the advanced fission space should balance technical validation and aggressive vertical integration with the realities of a cash-burning, pre-revenue business model. The current 32% short float presents a highly volatile trading environment. Cautious investors may want to monitor the progression of the regulatory review process and wait for insider selling pressure to abate before sizing a long-term position. Keep a close eye on the development milestones within the fuel fabrication subsidiaries. Capturing the enriched uranium supply chain may ultimately dictate the long-term winner in the microreactor race.

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New York, New York--(Newsfile Corp. - July 27, 2026) - NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or "the Company"), today announced it has been selected by AFWERX for a SBIR Phase I contract focused on NANO Nuclear's KRONOS MMR™ Energy System to address the most pressing challenges in the DAF. The Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution. The DAF began offering the Open Topic SBIR/STTR program in 2018 which expanded the range of innovations the DAF funded and now on July 21, 2026, NANO Nuclear Energy will start its journey to create and provide innovative capabilities that will strengthen the national defense of the United States of America.

James Walker, Chief Executive Officer of NANO Nuclear Energy, said: "This award represents another meaningful step in the continued advancement of NANO Nuclear's defense commercialization strategy. We now have multiple active engagements with the Department of the Air Force that demonstrate increasing confidence in our technology and technical capabilities. We believe these programs create valuable opportunities to showcase the KRONOS MMR™, while establishing relationships that may support future deployment opportunities across additional Air Force installations and the broader Department of War."

Jay Yu, Founder and Chairman of NANO Nuclear Energy, added: "Energy resilience has become a strategic priority across the U.S. military, and advanced microreactors have the potential to fundamentally change how critical installations are powered. This award is significant not only because it expands our opportunity with the Air Force, but because it represents continued commercial validation of our technology roadmap. As we continue executing on each of our Air Force programs, we believe NANO Nuclear is positioning itself as an emerging participant in what could become one of the most important long-term markets for advanced microreactor deployment."

The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of War, or the U.S. government.

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/

About AFRL

The Air Force Research Laboratory is the Department of the Air Force's primary scientific research and development center and one of six centers within Air Force Materiel Command. AFRL leads the discovery, development and delivery of technologies for air, space and the multidomain. With a workforce spanning seven mission areas at more than 40 locations worldwide, AFRL conducts research ranging from basic science to advanced technology development.

About AFWERX

As the innovation arm of the Department of the Air Force and a division within the Air Force Research Laboratory, AFWERX brings American ingenuity from small businesses and startups to solve the most pressing challenges facing Airmen and Guardians. Headquartered at Wright-Patterson Air Force Base, Ohio, AFWERX strengthens the defense industrial base by expanding access to nontraditional vendors, building new defense partnerships and accelerating the transition of critical technologies to operational capability. In fiscal year 2025, AFWERX awarded more than 1,000 contracts totaling $1.37 billion and achieved 438 Phase III transitions valued at $8.1 billion, supercharging the industrial base that supports U.S. military readiness and battlefield advantage.

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 to the Company of the AFWERX award described herein and the future development and deployment of the KRONOS MMR™ Energy System 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306617

Source: NANO Nuclear Energy Inc.

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Nano shares are climbing with conviction. Why is NNE stock surging? The AwardThe Air Force Research Laboratory and AFWERX partner to streamline the SBIR and STTR process by accelerating proposal-to-award timelines and expanding opportunities to small businesses. Nano’s selection deepens its relationship with the Department of the Air Force and expands its pathway toward future defense deployment opportunities for the KRONOS MMR platform.

“This award represents another meaningful step in the continued advancement of Nano’s defense commercialization strategy,” said James Walker, CEO of Nano. “We now have multiple active engagements with the Department of the Air Force that demonstrate increasing confidence in our technology and technical capabilities.”

“Energy resilience has become a strategic priority across the U.S. military, and advanced microreactors have the potential to fundamentally change how critical installations are powered,” said Jay Yu, Founder and Chairman of Nano. “This award is significant not only because it expands our opportunity with the Air Force, but because it represents continued commercial validation of our technology roadmap.”

Nano Shares Edge HigherNNE Price Action: At the time of publication, Nano shares are trading 4.11% higher at $16.23, according to data from Benzinga Pro.

Image via Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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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.

Data by YCharts

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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Fusing Sovereign Capital to the Nuclear RenaissanceNano Nuclear Energy Today

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.

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 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...