NANO Nuclear Energy Inc. reported its fiscal year-end 2024 results on December 30, 2024, highlighting a transformative year for the company. NANO Nuclear raised approximately $134 million in capital during 2024, growing its cash position to over $120 million since its initial public offering on May 8, 2024. The company emphasized its commitment to prudent capital stewardship and disciplined spending to lay the foundation for sustainable growth.
Operational highlights for 2024 included the acquisition of key enabling technologies, expansion of its nuclear fuel transportation technology, and the acquisition of select patented technologies from Ultra Safe Nuclear Corp. NANO Nuclear also expanded its team with key personnel and leaders, established a Nuclear Technology Headquarters in Oak Ridge, Tennessee, and formed partnerships with governmental entities and companies in various industries.
For 2025, NANO Nuclear outlined ambitious goals, including participation in the DOE’s Low-Enriched Uranium Enrichment Acquisition Program, continued collaboration with the University of Illinois for MMR demonstrations and NRC licensing, and advancement of its ZEUS and ODIN microreactors. The company plans to finalize its Oak Ridge headquarters, initiate fuel processing facility design, and continue expanding its technical and regulatory talent.
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