NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear”
or “the Company”), a leading advanced nuclear energy
and technology company focused on developing portable, clean energy
solutions, today announced it has signed an agreement with GNS
Gesellschaft für Nuklear-Service mbH (GNS) to undertake a
wide-ranging project to produce an optimized HALEU transportation
system solution based on NANO Nuclear’s exclusively licensed fuel
transportation basket design.
The agreement encompasses a study for the
transport of multiple HALEU nuclear fuel types, including uranium
oxide, TRISO particles, uranium-zirconium hydride, uranium
mononitride, and salt fuel for molten salt reactors.
This agreement reflects the NANO Nuclear’s
commitment to enhancing the safety and efficiency of transporting
next-generation nuclear fuels, with GNS’ expertise playing a
crucial role in swiftly advancing a robust, innovative, and
compliant solution. GNS is the leading German specialist in
solutions for the treatment and safe packaging of radioactive
materials, particularly in the development, licensing and
manufacturing of transport and storage casks, as well as in
technology for waste processing and dismantling.
“GNS has 50 years of experience in the field of
transport and storage casks for radioactive materials, particularly
for various types of irradiated fuel elements,” said Daniel
Oehr, Chief Executive Officer of GNS. “We are pleased to
contribute this experience into our collaboration with NANO Nuclear
Energy for their front-end solutions.”
The agreement’s scope of work includes the
conceptual design of a new HALEU transportation solution that is
tailored to the particular needs of various fuel types. GNS will
oversee a comprehensive study that includes a detailed description
of the transportation system, bills of materials for critical
components, conceptual drawings, risk assessments, and cost
estimates for design, licensing, and manufacturing.
The study will be conducted under the formal NRC
Quality Assurance program, ensuring compliance with regulatory
standards and alignment with NANO Nuclear's long-term strategy for
safe and efficient fuel transportation. The agreement also includes
an option for GNS to conduct a thorough analysis of four specific
fuel forms: TRISO pebbles, uranium-zirconium hydride (U-ZrHx),
uranium mononitride (UN), and molten salt reactor fuel salt.
“We are excited to collaborate with GNS on this
important study, which will contribute significantly to our goal of
advancing nuclear fuel transportation technology” said Jay
Yu, Founder and Chairman of NANO Nuclear Energy. “The
optimized transportation system design will enhance our ability to
safely transport a variety of nuclear fuel types, aligning with our
mission to provide portable and adaptable clean energy solutions.
Additionally, this agreement has transformative potential for the
entire logistical portion of the nuclear energy industry, as a
comprehensive, secure and timely transportation solution will be
vital as more advanced nuclear reactors reach the marketplace and
traditional reactors continue operation.”
Figure 1 – Rendition of NANO Nuclear Energy
Transportation System Concept Internal Components and Design
"In addition to enhancing safety and efficiency
of our fuel transportation designs, this agreement with GNS
represents a critical step towards our goal of achieving full
self-sufficiency in transporting nuclear fuel across the country
for each of our deployed microreactor systems," said James
Walker, Chief Executive Officer and Head of Reactor Development of
NANO Nuclear Energy. "By developing our own optimized
transportation solutions, we are not only ensuring that we can
independently manage, in a vertically integrated manner, the
transport of fuel to and from our microreactors in development, but
we are also positioning NANO Nuclear as a leader in providing these
capabilities to the broader nuclear industry. We believe our focus
on de-risking every aspect of our reactor deployment strategy means
investing in in-house technology that strengthens our autonomy and
reliability. This initiative will significantly bolster our ability
to deliver safe, portable nuclear power solutions to remote
locations, enhancing our overall value proposition and ultimately
expanding our market reach.”
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 four business lines: (i)
cutting edge portable microreactor technology, (ii) nuclear fuel
fabrication, (iii) nuclear fuel transportation and (iv) 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 products in technical development are
“ZEUS”, a solid core battery reactor, and “ODIN”, a
low-pressure coolant reactor, 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.
For more corporate information please
visit: https://NanoNuclearEnergy.com/
For further information, please
contact:
Email: IR@NANONuclearEnergy.comBusiness
Tel: (212) 634-9206PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:NANO
Nuclear Energy LINKEDINNANO Nuclear Energy YOUTUBENANO
Nuclear Energy TWITTER
Cautionary Note Regarding Forward Looking
Statements
This news release and statements of NANO
Nuclear’s management in connection with this news release or
related events 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 (including statements regarding the results of the
contract with GNS and the viability of NANO Nuclear’s proposed
transportation system as described herein) 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. These 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”) nuclear fuel manufacturing submission and the
development of new or advanced technology, including difficulties
with design and testing, cost overruns, development of competitive
technology, (ii) our ability to obtain contracts and funding to be
able to continue operations, (iii) risks related to uncertainty
regarding our ability to technologically develop and commercially
deploy a competitive advanced nuclear reactor technology, (iv)
risks related to the impact of government regulation and policies
including by the DOE and the U.S. Nuclear Regulatory Commission,
including those associated with the recently enacted ADVANCE Act,
and (v) similar risks and uncertainties associated with the
business of a start-up business operating a highly regulated
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 the 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 (NASDAQ:NNE)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Nano Nuclear Energy (NASDAQ:NNE)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024