NANO Nuclear advances to finals in U.S. Army xTechSearch competition

NEW YORK - NANO Nuclear Energy Inc. (NASDAQ:NNE), a $1.49 billion market cap company, has been selected to advance to the finals pitch event of the U.S. Army’s xTechSearch 9 competition, the company announced Thursday. According to InvestingPro data, the stock has shown remarkable performance with a 159% return over the past year, despite recent volatility.

The xTech program is a competitive initiative led by the U.S. Army to engage with innovative technology companies and foster dual-use solutions that can meet defense needs. As a finalist, NANO Nuclear will have the opportunity to present its deployable microreactor technology directly to Army decision-makers.

"We are honored to be recognized by the U.S. Army through the xTech program and excited to advance to the final pitch," said Jay Yu, Founder and Chairman of NANO Nuclear in a press release statement.

James Walker, Chief Executive Officer of NANO Nuclear, noted that the selection "highlights the growing interest in our deployable microreactor, to deliver resilient and sustainable power in contested and austere environments."

NANO Nuclear describes itself as a company focused on developing clean energy solutions through advanced nuclear technology. The company is working on several reactor products including the KRONOS MMR Energy System, ZEUS solid core battery reactor, ODIN low-pressure coolant reactor, and the space-focused portable LOKI MMR.

The company states it is currently engaged in construction permit pre-application discussions with the U.S. Nuclear Regulatory Commission for its KRONOS system in collaboration with the University of Illinois Urbana-Champaign.

NANO Nuclear Energy trades on the NASDAQ under the ticker NNE.

In other recent news, Nano Nuclear Energy reported its third-quarter 2025 financial results, revealing a mixed performance characterized by strategic growth alongside increasing operational losses. The company’s strategic focus on advancing its KRONOS micro modular reactor (MMR) remains a significant point of interest. H.C. Wainwright has maintained its Buy rating for Nano Nuclear Energy, with a price target of $50.00, citing the company’s progress in navigating regulatory processes for the KRONOS MMR. In contrast, Ladenburg Thalmann downgraded the company’s stock from Buy to Sell, adjusting its price target to $9.00 due to concerns over the company’s expanded strategic initiatives. These initiatives include ventures in fuel, transportation, and consulting, which Ladenburg Thalmann believes may distract from the core reactor development. These recent developments highlight differing analyst perspectives on the company’s strategic direction and financial outlook.

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