EnergyNewsBreaks – NANO Nuclear Energy Inc. (NASDAQ: NNE) Announces $105 Million Private Placement to Fuel Reactor Development 

NANO Nuclear Energy (NASDAQ: NNE), has entered into a definitive securities purchase agreement with institutional investors for a private placement totaling $105 million, involving the sale of 3,888,889 shares of common stock at $27.00 per share. The financing includes participation from several prominent institutions, including a leading long-only mutual fund and a global investment manager. Expected to close on or about May 28, the offering would raise NANO Nuclear’s cash position to over $200 million, which the company plans to use to advance its micro nuclear reactor programs, support related energy ventures, pursue acquisitions, and drive toward initial revenue. 

To view the full press release, visit https://ibn.fm/L7Caw 

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 five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) 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 reactor products in development include patented KRONOS MMR(TM) Energy System , a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ ZEUS” , a solid core battery reactor, and “ ODIN” , a low-pressure coolant reactor, and the space focused, portable LOKI MMR(TM), 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. 

NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR(TM) system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface. 

For more information, visit the company’s website at: https://NanoNuclearEnergy.com/

About EnergyWireNews

EnergyWireNews (“EWN”) is a specialized communications platform delivering deep insights into the energy sector. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, EWN is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, EWN brings its clients unparalleled recognition and brand awareness. EWN is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from EnergyWireNews, text “Energy” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.EnergyWireNews.com

Please see full terms of use and disclaimers on the EnergyWireNews website applicable to all content provided by EnergyWireNews, wherever published or re-published: https://www.energywirenews.com/Disclaimer

EnergyWireNews
Austin, Texas
www.EnergyWireNews.com
512.354.7000 Office
Editor@EnergyWireNews.com

EnergyWireNews is powered by IBN