NANO Nuclear Energy Bolsters its Regulatory Licensing Team with the Addition of Veteran Nuclear Professional Brent Hamilton as Director of Quality Assurance

Rhea-AI Summary

NANO Nuclear Energy Inc. (NASDAQ: NNE) has appointed Brent Hamilton as Director of Quality Assurance, strengthening its regulatory licensing team. Hamilton brings over 26 years of quality control experience in nuclear construction, including commercial nuclear, Department of Energy projects, and nuclear fuel manufacturing.

Hamilton's expertise spans quality management systems implementation and regulatory licensing requirements. His notable project experience includes work on the Plutonium Processing Facility at Savannah River National Laboratory, TRISO fuel manufacturing processes in Oak Ridge, and the Spent Fuel Handling Project for Naval Reactors Facility in Idaho. He has also been involved with AP1000 reactor projects in Georgia and South Carolina.

This appointment aligns with NANO Nuclear's strategy to advance its proprietary advanced nuclear micro reactor designs, including the KRONOS MMR™ Energy System and portable LOKI MMR™, through construction, demonstration, regulatory licensing, and commercialization phases.

Positive

• Strategic hire with extensive nuclear industry experience strengthens regulatory compliance capabilities
• New director brings direct experience with company's acquired reactor designs from previous role at Ultra Safe Nuclear
• Appointment advances company's progression toward reactor construction and licensing phases

Negative

• None.

New York, N.Y., April 01, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced the appointment Brent Hamilton as its Director of Quality Assurance.

This appointment continues a series of important additions to NANO Nuclear’s engineering, scientific and regulatory licensing personnel as the Company seeks to progress its proprietary, advanced nuclear micro reactor designs through construction, demonstration, regulatory licensing and ultimately commercialization.

Mr. Hamilton has over 26 years of quality control, quality engineering, and quality assurance experience, primarily in nuclear construction for commercial nuclear, Department of Energy projects, and nuclear fuel manufacturing. In these roles, he gained extensive experience in the development of Quality Management Systems and their implementation. Each were focused on meeting key regulatory licensing regulatory requirements, including those included as part 10 CFR Part 50, Appendix B; 10 CFR Part 70; 10 CFR Part 830; DOE O 414.1D; and/or CSA N286. His experience and knowledge are expected to be of great benefit in the identification of critical project attributes and the development of processes to validate them.

“It is an honor to assume this role and contribute my expertise in implementing robust quality assurance programs for NANO Nuclear’s reactors in development,” said Brent Hamilton, Director of Quality Assurance of NANO Nuclear. “My background spans multiple nuclear initiatives, and I firmly believe that the U.S. nuclear industry’s future depends on innovative, dedicated teams like the one at NANO Nuclear. I look forward to helping ensure that all of NANO Nuclear’s technologies are built to the highest quality standards as we advance our plans.”

Figure 1 - NANO Nuclear Energy Inc. Appoints Brent Hamilton as its Director of Quality Assurance.

Mr. Hamilton is expected to bring invaluable insight and guidance as NANO Nuclear’s reactor development projects move forward. Mr. Hamilton has held quality leadership positions in projects such as: early site work for the Plutonium Processing Facility at the Savannah River National Laboratory (SRNL); development of manufacturing scale processes for TRISO fuel and establishment of a pilot facility in Oak Ridge, Tennessee; and construction of the Spent Fuel Handing Project (SFHP) for the Naval Reactors Facility in Idaho. Mr. Hamilton has spent many years involved with the construction of the AP1000 reactor projects in Georgia and South Carolina and the Depleted Uranium Hexafluoride Conversion Facility in Kentucky.

“NANO Nuclear is rapidly expanding its roster with veteran nuclear energy professionals who have in-depth experience working closely with the U.S. Department of Energy, and Brent’s arrival reflects that trend and our commitment to retaining the best talent we can,” said Jay Yu, Founder and Chairman of NANO Nuclear. “His expertise aligns perfectly with our vision to advance our reactor designs to the next stage of development and I’m confident he will be a key contributor to NANO Nuclear’s growth.”

“Brent is a highly experienced professional who brings a comprehensive understanding of nuclear reactor development, particularly our newly acquired KRONOS MMR^™ Energy System and portable LOKI MMR^™ from his tenure at Ultra Safe Nuclear Corporation,” said James Walker, Chief Executive Officer of NANO Nuclear. “His continuity in this area will be essential as we work to quickly move our reactors through the next stages of development. I am pleased to welcome a professional of his caliber to our expanding team.”

About NANO Nuclear Energy, Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is an 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 fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented 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 (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant 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, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. 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. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

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 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”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements include those related to the anticipated benefits to NANO Nuclear of the appointment of Mar. Hamilton, as well as the Company’s regulatory plans in general, as described herein. 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”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

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FAQ

What experience does Brent Hamilton bring to NANO Nuclear Energy (NNE)?

Brent Hamilton brings 26 years of quality control experience in nuclear construction, including commercial nuclear, DOE projects, and nuclear fuel manufacturing.

Which major nuclear projects has NNE's new Quality Assurance Director worked on?

He worked on the Plutonium Processing Facility at SRNL, TRISO fuel facility in Oak Ridge, AP1000 reactor projects in Georgia and South Carolina, and the Naval Reactors Facility in Idaho.

What reactor designs is NANO Nuclear (NNE) currently developing?

NANO Nuclear is developing the KRONOS MMR™ Energy System and portable LOKI MMR™ micro reactor designs.

What regulatory requirements will Hamilton oversee at NNE?

He will oversee requirements including 10 CFR Part 50 Appendix B, 10 CFR Part 70, 10 CFR Part 830, DOE O 414.1D, and CSA N286.