NANO Nuclear Energy Secures $600 Million in Private Placement to Advance Microreactor Development

NANO Nuclear Energy Inc. (NASDAQ: NNE) has successfully closed a private placement of 8,490,767 common shares, attracting participation from leading asset managers and institutional investors. The financing provides the company with approximately $600 million in cash, creating multiple years of operating runway to advance development, construction, and regulatory licensing for its KRONOS MMR Energy System and other microreactor initiatives. Founder and Chairman Jay Yu stated that the successful raise reflects strong investor confidence and positions NANO Nuclear as a leader in the U.S. micro reactor industry.

The company believes it is the first portable nuclear microreactor company to be listed publicly in the United States. NANO Nuclear operates as an advanced technology-driven nuclear energy company seeking to become commercially focused, diversified, and vertically integrated across five distinct business lines: cutting-edge portable and other microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services. This comprehensive approach positions the company to address multiple segments of the emerging advanced nuclear energy market.

NANO Nuclear's reactor development portfolio includes its lead project, the patented KRONOS MMR Energy System, which represents a stationary high-temperature gas-cooled reactor currently in construction permit pre-application engagement with the U.S. Nuclear Regulatory Commission in collaboration with University of Illinois Urbana-Champaign. Additional reactor products in development include ZEUS, a solid core battery reactor, and the space-focused, portable LOKI MMR system. Each of these represents advanced developments in clean energy solutions that are modular and capable of on-demand power generation.

The company's vertical integration strategy extends through its subsidiaries, including Advanced Fuel Transportation Inc. (AFT), which aims 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 Department of Energy programs. Through NANO Nuclear, AFT serves as 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. This positions AFT to potentially form part of the only vertically integrated nuclear fuel business of its kind in North America.

Additional subsidiaries include HALEU Energy Fuel Inc. (HEF), which focuses on developing a domestic source for High-Assay, Low-Enriched Uranium fuel fabrication for NANO Nuclear's microreactors and the broader advanced nuclear reactor industry. NANO Nuclear Space Inc. (NNS) explores potential commercial applications of the company's developing micro nuclear reactor technology in space, with initial focus on cis-lunar applications extending from Earth to the area surrounding the Moon's surface. For more information about the company's comprehensive approach to advanced nuclear energy, visit https://nanonuclearenergy.com/.

The successful $600 million financing, with Titan Partners Group, a division of American Capital Partners, serving as sole placement agent, represents a significant milestone for the advanced nuclear energy sector. This substantial capital infusion comes at a critical time as global demand for clean, reliable energy continues to grow, and advanced nuclear technologies gain increasing recognition as essential components of the transition to low-carbon energy systems. The funding enables NANO Nuclear to accelerate its development timeline while strengthening its position in the competitive advanced nuclear marketplace.