NANO Nuclear designated as reactor designer by NRC

NEW YORK - NANO Nuclear Energy Inc. (NASDAQ: NNE), an advanced nuclear energy and technology company trading at $25.23 per share with a market capitalization of $935 million, has been officially designated as the reactor designer for the KRONOS MMRTM Energy System by the U.S. Nuclear Regulatory Commission (NRC). The company’s stock has delivered an impressive 386% return over the past year, according to InvestingPro data, though it recently experienced an 11.8% decline in the past week. This designation was updated on the University of Illinois Urbana-Champaign’s (U. of I.) project landing page, indicating a significant step in the pre-application engagement process for the research reactor’s construction permit.

In January 2025, NANO Nuclear acquired nuclear energy technology assets from Ultra Safe Nuclear Corporation, which included the KRONOS MMRTM Energy System. The company maintains a strong financial position with more cash than debt on its balance sheet and a healthy current ratio of 51.04, indicating robust liquidity. Since then, the company has been collaborating with U. of I. to demonstrate the system’s readiness for technology application.

The KRONOS MMRTM Energy System, which is set to be located on the university’s Urbana campus, will utilize TRISO particle fuel, helium gas coolant, and a graphite moderator. It will also feature a molten salt secondary loop for thermal integration with existing infrastructure.

Jay Yu, Founder and Chairman of NANO Nuclear, expressed enthusiasm about working with U. of I. and advancing the system to the next stage of development. James Walker, CEO of NANO Nuclear, highlighted the importance of the NRC’s revision to the university’s construction permit pre-application, which aligns with the company’s commitment to progressing through the regulatory and licensing processes.

NANO Nuclear aims to become a diversified and vertically integrated company across five business lines, including microreactor technologies, nuclear fuel fabrication, transportation, space applications, and consulting services. While the company is not yet profitable, with a negative EBITDA of $3.86 million, analysts maintain an optimistic outlook with price targets ranging from $45 to $50. InvestingPro subscribers can access 10 additional investment tips and detailed financial metrics to better evaluate NANO Nuclear’s growth potential. The company is developing a suite of portable microreactor technologies such as ODIN, ZEUS, and LOKI MMRTM.

Subsidiaries of NANO Nuclear, such as Advanced Fuel Transportation Inc. and HALEU Energy Fuel Inc., are working on transportation and fabrication of High-Assay, Low-Enriched Uranium (HALEU) fuel, respectively. NANO Nuclear Space Inc. is exploring the commercial applications of micronuclear reactor technology in space, with an initial focus on cis-lunar applications.

The information in this article is based on a press release statement from NANO Nuclear Energy Inc.

In other recent news, NANO Nuclear Energy Inc. has announced its support for a U.S. Department of Energy Small Business Innovation Research Phase I application, aiming to develop advanced cooling techniques for nuclear microreactors. This project is a collaboration with the City University of New York and Advanced Engineering Solutions LLC, focusing on technologies like Heat Pipes and Thermoelectric Cooling Modules. Additionally, NANO Nuclear Energy has partnered with aRobotics Company to manage the construction of a new demonstration facility in Westchester County, New York. This facility will support the development of non-nuclear components for their reactor energy systems, including the Annular Linear Induction Pump technology. NANO Nuclear Energy has also filed four new utility patent applications with the United States Patent and Trademark Office for its Annular Linear Induction Pump technology, which is integral to the company’s nuclear reactor development. Furthermore, the company has partnered with the Institute for Defense and Government Advancement’s Operational Energy Summit, where CEO James Walker will discuss the role of nuclear technology in military operations. These developments underscore NANO Nuclear Energy’s efforts to advance its reactor technologies and engage with key stakeholders in the nuclear energy sector.

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