Nano Nuclear Energy Inc. - NNE STOCK NEWS

NANO Nuclear Energy Inc. (NASDAQ: NNE) has announced that Tom Cuce, President of its subsidiary Advanced Fuel Transportation Inc. (AFT), commented on the company's recent design agreement with GNS Gesellschaft für Nuklear-Service mbH. The agreement aims to develop a versatile transportation system for High-Assay Low-Enriched Uranium (HALEU) fuels. Mr. Cuce, former President of Global Transportation at UPS, expressed confidence in leveraging GNS's expertise to equip the US with modern HALEU transportation capabilities.

NANO Nuclear is working towards becoming a vertically integrated player in the nuclear energy sector, focusing on portable microreactor designs, nuclear fuel production, and HALEU transportation solutions. The company believes that diversifying its exclusively licensed patented transportation solution to meet multiple fuel type requirements would be a significant industry advancement.

NANO Nuclear Energy (NASDAQ: NNE) has signed an agreement with GNS Gesellschaft für Nuklear-Service mbH to optimize its patented advanced nuclear fuel transportation technology. The project aims to develop an improved HALEU transportation system for multiple fuel types, including uranium oxide, TRISO particles, uranium-zirconium hydride, uranium mononitride, and molten salt reactor fuel. GNS, a leading German specialist in radioactive materials handling, will conduct a comprehensive study under NRC Quality Assurance standards, covering conceptual design, risk assessments, and cost estimates.

This collaboration aligns with NANO Nuclear's strategy to enhance safety and efficiency in transporting next-generation nuclear fuels, potentially transforming the logistics of the nuclear energy industry. The agreement also includes an option for GNS to analyze specific fuel forms, contributing to NANO Nuclear's goal of achieving self-sufficiency in fuel transportation for its microreactor systems.

NANO Nuclear Energy Inc. (NASDAQ: NNE) has been selected for inclusion in the Russell 3000® Index, effective September 23, 2024. This addition comes just four months after the company's IPO, making it one of only 12 companies added in the Index's quarterly review. The Russell 3000 Index is a key benchmark for tracking the performance of the 3,000 largest U.S. public companies across market segments and investment styles.

Jay Yu, Founder and Chairman, expressed excitement about this milestone, viewing it as a testament to the company's strong foundation and future direction. CEO James Walker highlighted recent achievements, including the opening of their Nuclear Technology Headquarters in Oak Ridge, Tennessee, and the addition of skilled researchers to accelerate microreactor technology development.

NANO Nuclear Energy Inc. (NASDAQ: NNE) has strengthened its Nuclear Technical and Engineering Team by adding Dr. Anuj Dubey and Dr. Congjin Ding to focus on the development of the 'ODIN' microreactor. Both researchers bring expertise from Euratom nuclear research programs and will work under Prof. Ian Farnan, NANO Nuclear's Lead of Nuclear Fuel Cycle, Radiation and Materials.

Their primary tasks include data collection and analysis from test rigs, important for physical tests, model validation, and advancing the licensing process. The 'ODIN' microreactor is designed to use off-the-shelf components with high technology readiness levels, conventional fuel form with up to 20% enrichment, and operate at temperatures that minimize adverse effects on coolant and reduce thermal stress.

NANO Nuclear Energy Inc. (NASDAQ: NNE), a company developing portable clean energy solutions, will participate in the H.C. Wainwright 26th Annual Global Investment Conference in New York City from September 9-11, 2024. Key executives, including Jay Yu (Executive Chairman and Founder), James Walker (CEO and Head of Reactor Development), and Professor Ian Farnan (Lead of Nuclear Fuel Cycle, Radiation and Materials), will attend.

The company is scheduled to deliver a 30-minute presentation on Tuesday, September 10th at 9:30am EST. Executives will also participate in one-on-one meetings throughout the conference. This event provides an opportunity for NANO Nuclear to update stakeholders and institutional investors on recent developments, including their proprietary advanced nuclear energy solutions like the Annular Linear Induction Pump (ALIP) technology and its synergies with 'ODIN', a low-pressure coolant reactor.

NANO Nuclear Energy Inc. (NASDAQ: NNE) has appointed Lieutenant General Terry G. Robling, USMC (Ret.), as the Chair of its Executive Advisory Board for Federal and Defense Appropriations and Requirements. Lt. Gen. Robling brings 38 years of distinguished service in the U.S. Marine Corps, including his role as Commanding General of U.S. Marine Corps Forces, Pacific. A naval aviator and Top Gun graduate, he has over 5,200 flight hours and numerous combat missions.

Lt. Gen. Robling's appointment aims to align NANO Nuclear's initiatives with the energy needs of U.S. armed forces and defense agencies, supporting the demand for advanced nuclear energy solutions. His extensive relationships within the U.S. Department of Defense and leadership experience are expected to be valuable for NANO Nuclear's business development and potential military procurement opportunities.

NANO Nuclear Energy Inc. (NASDAQ: NNE) has purchased a 14,000 sq. ft. facility on 1.64 acres in Oak Ridge, Tennessee's Heritage Center Industrial Park for $1.71 million. This facility will serve as NANO Nuclear's Nuclear Technology Headquarters, focusing on advanced nuclear technology design and engineering. Located near key research institutions, the company plans to employ up to 30 personnel at this site.

The acquisition marks a significant milestone in NANO Nuclear's journey to develop portable clean energy solutions. The Heritage Center has historical significance in nuclear innovation, having housed operations for the Manhattan Project. NANO Nuclear aims to continue this legacy of American nuclear advancement, leveraging the area's rich history and proximity to leading research facilities to progress its micronuclear reactor technology.

NANO Nuclear Energy Inc. (NASDAQ: NNE) has signed a Memorandum of Understanding (MOU) with the Rwanda Atomic Energy Board (RAEB) to develop a robust nuclear energy ecosystem in Rwanda. The agreement focuses on:

1. Facilitating the introduction of small modular reactors (SMRs) and microreactors, including NANO Nuclear's 'ZEUS' and 'ODIN' systems.

2. Providing technical assistance, training, and educational programs to develop Rwanda's nuclear energy expertise.

3. Implementing strategies to strengthen Rwanda's educational programs in collaboration with the Cambridge Nuclear Energy Centre.

4. Enhancing educational and vocational opportunities through partnerships with Rwandan higher learning institutions.

This MOU marks NANO Nuclear's first entry into the African nuclear energy market and highlights Rwanda's commitment to becoming a leader in advanced nuclear technologies.

NANO Nuclear Energy Inc. (NASDAQ: NNE) has appointed former Congressman Daniel M. Donovan Jr. as Chairman of its Executive Advisory Board for Market Intelligence. Donovan, a seasoned attorney and former U.S. Representative for New York's 11th Congressional District, brings extensive experience in law, politics, and national security. During his tenure in Congress, he served on key committees including Homeland Security and Foreign Affairs. Donovan emphasized the importance of energy resilience for national security and expressed enthusiasm for NANO Nuclear's mission to develop safe and sustainable nuclear energy solutions. The company's leadership, including Founder and Chairman Jay Yu and CEO James Walker, welcomed Donovan's expertise, highlighting the value of his legal, regulatory, and governmental experience to the company and its shareholders.