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NEW YORK - NANO Nuclear Energy Inc. (NASDAQ:NNE), a nuclear technology company with a market capitalization of $1.41 billion, has signed a Memorandum of Understanding (MOU) with UrAmerica Ltd. to explore strategic development across Argentina’s uranium-fuel supply chain, the company announced Tuesday. According to InvestingPro analysis, NANO Nuclear is currently trading near its Fair Value, with strong financial health scores despite being in pre-revenue stage.
The agreement formalizes discussions between the advanced nuclear technology company and the private exploration firm, which holds uranium licenses primarily in Argentina’s Chubut Province. Both companies will evaluate opportunities ranging from mining and conversion to UF6 feedstock supply that could provide NANO Nuclear with potential future supply chain options. The company maintains a robust financial position with a current ratio of 27.2, indicating strong ability to meet short-term obligations, as revealed by InvestingPro data.
Under the MOU, the companies will pursue uranium offtake agreements, potential investments in mineral production, fuel-cycle infrastructure, and possible joint ventures. The collaboration aims to build mining and milling capacities in Argentina with the intention to participate in uranium fuel cycle exports to the United States.
"By collaborating with UrAmerica, we aim to position Argentina as a regional center for nuclear technology and a reliable supply-chain partner for the United States," said Jay Yu, Founder and Chairman of NANO Nuclear in the press release.
James Walker, Chief Executive Officer of NANO Nuclear, noted that "Argentina holds substantial deposits of strategic metals, like uranium, that could be a strategic supplier to us in the future."
Omar Adra, Executive Director & CEO of UrAmerica Ltd., stated that the company’s "extensive licenses package in the San Jorge Basin holds world-class uranium deposits."
Argentina, which possesses one of the largest uranium repositories globally, is currently exploring privatization of its nuclear energy sector, potentially opening opportunities for international companies to invest in the country’s nuclear infrastructure.
NANO Nuclear Energy describes itself as a technology-driven nuclear energy company developing portable microreactor technologies and pursuing opportunities in nuclear fuel fabrication, transportation, space applications, and industry consulting services.
In other recent news, NANO Nuclear Energy Inc. has announced a partnership with Namibia’s Industrial Development Agency to develop a nuclear fuel supply chain in the uranium-rich nation. This collaboration aims to enhance Namibia’s uranium resources and support industrial development while evaluating opportunities in infrastructure, technology transfer, and workforce development. NANO Nuclear will lead assessments of industrial capability and potential international supply contracts under this agreement.
Additionally, NANO Nuclear has appointed Rick Perry, former U.S. Secretary of Energy, as the Chairman of its Executive Advisory Board. Perry’s extensive experience in government and energy is expected to guide the company’s strategic direction in the nuclear power sector. In another strategic move, Dr. Seth Berl, with a background in technology and government, has joined NANO Nuclear’s Board as an independent director, bringing expertise in data science and cybersecurity.
The company is actively working on advanced nuclear reactor technologies, including the KRONOS MMR™ Energy System and the LOKI MMR™, focusing on clean energy solutions. Recent policy developments have also favored nuclear energy, with a Senate panel extending tax credits for nuclear power to 2036, potentially reshaping investment priorities in the energy sector. These developments align with NANO Nuclear’s strategy to solidify its position in the nuclear technology industry.
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