NANO Nuclear Energy Secures $600 Million in Private Placement to Advance Microreactor Development

NANO Nuclear Energy Inc. (NASDAQ: NNE) has completed a private placement of 8,490,767 common shares, securing approximately $600 million in cash from leading asset managers and institutional investors. The financing provides multiple years of operating runway to advance development, construction, and regulatory licensing for the company's microreactor initiatives, including its flagship KRONOS MMR™ Energy System.

Founder and Chairman Jay Yu stated that the successful capital raise reflects strong investor confidence in NANO Nuclear's position as a leader in the U.S. micro reactor industry. Titan Partners Group, a division of American Capital Partners, served as sole placement agent for the offering. The substantial funding comes at a critical time for the nuclear energy sector, which is experiencing renewed interest as governments and industries seek reliable, carbon-free power sources.

The company is developing several advanced microreactor technologies, including the patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor currently in construction permit pre-application engagement with the U.S. Nuclear Regulatory Commission. NANO Nuclear is collaborating with the University of Illinois Urbana-Champaign on this project. Additional reactor developments include ZEUS™, a solid core battery reactor, and the space-focused, portable LOKI MMR™ system.

NANO Nuclear is pursuing vertical integration across five business lines: portable and microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services. The company believes it is the first portable nuclear microreactor company to be publicly listed in the United States.

Through its subsidiary Advanced Fuel Transportation Inc. (AFT), NANO Nuclear is developing commercial transportation capabilities for High-Assay, Low-Enriched Uranium (HALEU) fuel. AFT holds exclusive licensing rights to a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories with Department of Energy funding. This positions the company to potentially create the only vertically integrated nuclear fuel business of its kind in North America.

Another subsidiary, HALEU Energy Fuel Inc. (HEF), is focusing on developing domestic sources for HALEU fuel fabrication to serve both NANO Nuclear's microreactors and the broader advanced nuclear reactor industry. NANO Nuclear Space Inc. (NNS), the company's space-focused subsidiary, is exploring commercial applications of micro nuclear reactor technology for extraterrestrial projects, human-sustaining environments, and potential propulsion systems for long-haul space missions, with initial focus on cis-lunar applications.

The $600 million financing represents one of the largest recent private placements in the advanced nuclear energy sector and signals growing institutional confidence in microreactor technology as a viable solution for clean energy needs. For more information about the company's developments, visit https://nanonuclearenergy.com/.