Nano Nuclear Energy Inc. - NNE STOCK NEWS

NANO Nuclear Energy has announced a $60 million private placement with three accredited institutional investors, boosting its cash position to over $120 million. The company will issue 2,500,000 shares of common stock at $24.00 per share, along with five-year warrants for an additional 2,500,000 shares exercisable at $26.00 per share. The private placement is expected to close on November 27, 2024. The enhanced cash position will support the development of portable nuclear microreactors, auxiliary businesses, potential acquisitions, and drive towards initial revenue generation.

NANO Nuclear Energy announces that John G. Vonglis, former Chief Financial Officer of the U.S. Department of Energy (DOE), has transitioned from Chairman of NANO Nuclear's Executive Advisory Board to Executive Director of Global Government Affairs. In his new role, Vonglis will focus on strengthening relationships with key government agencies and policymakers, ensuring alignment between NANO Nuclear's goals and government priorities in nuclear energy. The appointment is part of NANO Nuclear's management expansion strategy, which has recently attracted top financial, regulatory, and scientific leaders to capitalize on industry momentum driven by U.S. government support and favorable market conditions.

NANO Nuclear Energy (NASDAQ: NNE) announced its participation in the first B. Riley Securities Energy Convergence Conference on December 4, 2024, in New York City. The invitation-only event will focus on mining, nuclear, and infrastructure sectors, featuring 1-on-1 meetings between institutional investors and NANO Nuclear executives.

The conference, held at Hotel Eventi, will include panel discussions and executive roundtables moderated by research analysts. NANO Nuclear will showcase its proprietary microreactors 'ZEUS' and 'ODIN' currently in development, highlighting their role in advancing clean energy solutions. The event aims to connect industry leaders and foster relationships within the nuclear energy marketplace.

NANO Nuclear Energy has joined the U.S. Civil Nuclear/SMR Industry Working Group (CNIWG) for Southeast Asia, becoming one of just 16 civil nuclear entities in this initiative. The working group, established by the U.S. Department of Commerce's International Trade Administration, aims to support the deployment and export of U.S. small modular reactors and advanced nuclear technologies to Southeast Asia. NANO Nuclear will participate in quarterly meetings focusing on government activities, policies, and export opportunities, while gaining access to U.S. Government initiatives including trade missions and industry roundtables.

NANO Nuclear Energy (NASDAQ: NNE) has appointed Darlene T. DeRemer as Chairwoman of its Executive Advisory Board for Institutional Finance. DeRemer, who is Chair of the ARK Invest ETF Trust Board and co-founder of Grail Partners , brings over 25 years of experience in financial services. She specializes in strategic marketing, product design, and innovative service strategies. DeRemer joins NANO Nuclear's multidisciplinary Executive Advisory Board, which includes former government and military officials, as well as leaders in regulatory, financial, and policy fields. The appointment aims to strengthen the company's position in developing proprietary, portable, and clean nuclear energy solutions.

NANO Nuclear Energy announces a strategic collaboration with LIS Technologies (LIST), investing $2 million in LIST's $11.88 million seed round. The partnership aims to advance LIST's patented laser uranium enrichment technology, the only U.S.-origin system of its kind. The agreement includes future fuel purchasing arrangements where LIST will provide uranium hexafluoride for NANO's microreactors and third-party sales. NANO Nuclear will develop deconversion and fuel fabrication facilities to support LIST's enriched UF6 production. LIST's technology, utilizing infrared lasers for isotope separation, is positioned to produce both Low Enriched Uranium and High-Assay LEU within ten years.

NANO Nuclear Energy announced the closing of its over-allotment option sale of 317,646 shares at $17.00 per share on October 29, 2024. This follows their recent underwritten follow-on public offering that closed on October 25, 2024. The total gross proceeds from the offering, including the full over-allotment exercise, reached $41.4 million with net proceeds of $37.7 million. The Benchmark Company, served as the sole book-running representative for the offering.

NANO Nuclear Energy (NASDAQ: NNE) will present at the ThinkEquity Conference on October 30th, 2024, at the Mandarin Oriental Hotel in New York City. The conference will feature over 75 company presentations and 650 one-on-one meetings, bringing together more than 750 attendees across sectors including alternative energy, biotechnology, and AI & big data.

Company leaders Jay Yu, Founder and Chairman, and James Walker, CEO and Head of Reactor Development, will discuss their innovative technologies and engage in personal meetings with investors and industry innovators. NANO Nuclear Energy focuses on developing portable, clean energy solutions in the advanced nuclear energy sector.

NANO Nuclear Energy has successfully closed an upsized $36 million underwritten public offering, selling 2,117,646 shares of common stock and warrants at $17.00 per share. The warrants, exercisable immediately with a five-year term, allow purchase of 1,217,646 additional shares. This follows two previous offerings in May and July 2024, which raised over $30 million. The company expects net proceeds of approximately $32.6 million, which will fund research and development of its ZEUS and ODIN microreactors, nuclear fuel transportation design, marketing activities, regulatory compliance, and expansion of its Oak Ridge, Tennessee headquarters.