Nano Nuclear Energy (NNE) Company Report

Nano Nuclear Energy reported a Q1 2026 net loss of $6.5 million and a loss from operations of $11.6 million, while significantly strengthening its balance sheet with $577.5 million in cash and cash equivalents following a $400 million private placement in October 2025.
The company is advancing its KRONOS MMR project, completing site characterization at the University of Illinois and securing $6.8 million in incentive awards from the State of Illinois, with plans to submit a construction permit application to the NRC in the coming months and begin construction in mid- to late 2027.
Commercial traction is growing, highlighted by a feasibility study agreement with BaRupOn to evaluate deploying up to 1 GW of power for an AI data center and manufacturing campus, and a strategic MOU with DS Dansuk for KRONOS MMR deployment in South Korea and Asia.
NNE is actively pursuing vertical integration in the nuclear fuel supply chain, with its affiliate LIS Technologies planning a $1.38 billion commercial enrichment facility and NNE making substantial progress on acquiring facilities for uranium hexafluoride production.

Feb 17, 2026, 10:00 PM

Transcript

Nano Nuclear Energy Reports Q1 2026 Financials and Advances KRONOS MMR Project

NNE

Earnings

New Projects/Investments

M&A

Nano Nuclear Energy reported a net loss of $6.5 million and a loss from operations of $11.6 million for Q1 2026. The company's cash and cash equivalents significantly increased to $577.5 million, driven by $400 million in gross proceeds from an October private placement.
The company is advancing its KRONOS MMR project, having completed site characterization at the University of Illinois and aiming to submit a construction permit application to the U.S. Nuclear Regulatory Commission (NRC) in the coming months. Construction is targeted to begin in mid- to late 2027, with a full-scale prototype expected online around 2030.
NNE signed a feasibility study agreement with BaRupOn to evaluate the potential deployment of up to 1 GW of KRONOS MMR systems for an AI data center and manufacturing campus. Additionally, an MOU was signed with DS Dansuk to explore localization, manufacturing, and deployment opportunities in South Korea and the broader Asian region.
Strategic affiliate, LIS Technologies, received a key radioactive material license for its Tennessee demonstration facility and announced plans to invest $1.38 billion over time to build a commercial enrichment facility in Oak Ridge, Tennessee.

Feb 17, 2026, 10:00 PM

Transcript

NANO Nuclear Energy Reports Q1 2026 Financials and KRONOS MMR Progress

NNE

Earnings

New Projects/Investments

M&A

NANO Nuclear Energy reported a Q1 2026 net loss of $6.5 million and an operating loss of $11.6 million, while significantly strengthening its balance sheet with $577.5 million in cash and cash equivalents following an October 2025 private placement.
The company is advancing its KRONOS MMR, completing site characterization at the University of Illinois and expecting to submit a construction permit application to the NRC in the first half of 2026, with construction targeted for mid- to late 2027 and a prototype online around 2030.
NANO Nuclear Energy secured commercial traction through a feasibility study with BaRupOn for up to 1 GW of power for an AI data center, and strategic partnerships including an MOU with DS Dansuk for deployment in South Korea and Asia, and an MOU with Ameresco for EPC integration.
The company is actively pursuing vertical integration in the nuclear fuel supply chain, with its affiliate LIS Technologies planning a $1.38 billion enrichment facility and NANO exploring acquisitions for conversion and fuel transportation capabilities.

Feb 17, 2026, 10:00 PM

Transcript

NANO Nuclear Energy Reports Q1 FY 2026 Financial Results and Business Update

NNE

Earnings

New Projects/Investments

NANO Nuclear Energy Inc. reported its Q1 FY 2026 financial results for the quarter ended December 31, 2025.
The company significantly increased its cash balance to $577.5 million as of December 31, 2025, primarily due to a $400 million oversubscribed private placement in October 2025.
During the quarter, $4.0 million was used in operating activities and $3.1 million in investing activities.
NANO Nuclear advanced its KRONOS MMR™ system towards formal licensing and prototype construction in the U.S. and Canada, and expanded commercial and strategic engagements.
The company also progressed vertical integration efforts for the nuclear fuel supply chain, with its strategic affiliate LIS Technologies receiving a Key Radioactive Material License.

Feb 17, 2026, 9:30 PM

Press Release

NANO Nuclear Energy Outlines Kronos MMR Deployment and Strategic Initiatives

NNE

New Projects/Investments

Product Launch

NANO Nuclear Energy is focused on developing next-generation micro-reactors, nuclear fuel fabrication, and transportation technology, with the Kronos MMR (15-megawatt electric capacity) being their primary focus due to its high technology readiness level.
The company plans to submit a construction permit application for its first prototype Kronos MMR project at the University of Illinois in early 2026, targeting it to be online by 2029 or 2030. A potential second prototype at Chalk River, Ontario, is also being evaluated for an online target around 2030.
NANO Nuclear Energy has a growing pipeline of commercial opportunities, including a feasibility study to provide up to one gigawatt for an AI data center and manufacturing campus in Texas, alongside other projects ranging from 500 megawatts to a gigawatt for industrial and military applications.
The company is pursuing a strategy of vertical integration in the nuclear fuel cycle, including exposure to enrichment through a collaboration with LIS Technologies and plans to expand capabilities in fuel transportation and conversion through partnerships and M&A in 2026.

Jan 13, 2026, 8:45 PM

Transcript

NANO Nuclear Energy Discusses Kronos MMR Development, Licensing, and Commercial Pipeline

NNE

New Projects/Investments

Product Launch

NANO Nuclear Energy is focused on developing Kronos MMR micro-reactors (15 MWe capacity) for various applications, including data centers, industrial uses, and military bases, benefiting from strong demand for clean, reliable baseload energy.
The company acquired the Kronos MMR in January 2025, a design that had received over $120 million in investment and is nearing formal licensing processes in the U.S. and Canada.
NANO Nuclear plans to submit a construction permit application for its first prototype project at the University of Illinois in early 2026, with a target online date of 2029 or 2030. A second prototype at Chalk River, Canada, is targeted for 2030.
The company has a growing commercial pipeline, including a feasibility study to provide up to one gigawatt for an AI data center in Texas, and is pursuing vertical integration in the nuclear fuel cycle, including enrichment and conversion.
NANO Nuclear believes its current $1.7 billion valuation is significantly lower than public peers, which are valued at $6 billion and $16 billion, indicating a potential valuation disconnect.

Jan 13, 2026, 8:45 PM

Transcript

NANO Nuclear Energy Outlines Micro-Reactor Strategy and Commercial Pipeline

NNE

New Projects/Investments

M&A

Revenue Acceleration/Inflection

NANO Nuclear Energy is focused on developing the KRONOS MMR, a 15-megawatt electric capacity micro-reactor, which is closest to deployment and designed for various applications including data centers, industrial uses, and remote communities.
The company is benefiting from a "global nuclear renaissance" with strong demand for clean, reliable energy from sectors like AI data centers, industrial reshoring, and electrification, supported by bipartisan government initiatives.
NANO Nuclear Energy plans to submit a construction permit application for its first KRONOS prototype project at the University of Illinois in early 2026, aiming for it to be online by 2029 or 2030.
The commercial pipeline includes a feasibility study to provide up to one gigawatt for an AI data center in Texas, alongside other opportunities spanning 500 megawatts to 1 gigawatt for data centers, industrial projects, and military bases.
The company is pursuing vertical integration in the nuclear fuel cycle, including investments in laser-based enrichment technology via LIS Technologies and exploring fuel conversion and transportation capabilities through partnerships and M&A.

Jan 13, 2026, 8:45 PM

Transcript

NANO Nuclear Energy Announces Dismissal of Federal Securities Lawsuit

NNE

Legal Proceedings

NANO Nuclear Energy Inc. announced that the United States District Court for the Southern District of New York granted its motion to dismiss a federal securities class action lawsuit on January 8, 2026.
The lawsuit, Hongui Xie v. Nano Nuclear Energy, et al., had made claims challenging statements about the qualifications of NANO Nuclear’s team and its prospects for microreactor development.
This dismissal follows the dismissal of a related shareholder derivative lawsuit announced in April 2025.

Jan 9, 2026, 1:30 PM

Press Release

NANO Nuclear Energy Signs MOU with University of Illinois for KRONOS MMR™ Deployment

NNE

New Projects/Investments

Product Launch

Hiring

NANO Nuclear Energy Inc. has signed a Memorandum of Understanding (MOU) with the University of Illinois Urbana-Champaign (U. of I.) to collaborate on the development, construction, and operation of its KRONOS MMR™ on campus as an advanced research reactor.
This MOU extends an existing research agreement and outlines the next steps for the design, construction, ownership, and operation of a KRONOS MMR™ at U. of I..
The project's primary goal is the safe, efficient, and responsible deployment of the KRONOS MMR™ microreactor at U. of I., aligning with Illinois' long-term energy strategy and carbon-reduction targets.
Upon completion of construction, licensing, and commencement of operations, U. of I. will assume ownership and operational responsibility for the microreactor, positioning it as the first advanced microreactor deployed on a United States university campus.
NANO Nuclear will collect high-resolution performance and systems-level data to guide reactor optimization and inform design refinement for future commercial deployment scenarios.

Dec 31, 2025, 1:00 PM

Press Release

NANO Nuclear Reports Fiscal 2025 Results and Strategic Progress

NNE

Earnings

New Projects/Investments

M&A

NANO Nuclear reported a fiscal 2025 net loss of $40.1 million and a loss from operations of $46.2 million, while ending the year with $203.3 million in cash and cash equivalents.
The company significantly strengthened its financial position, raising over $600 million since its May 2024 IPO, with its cash position increasing to approximately $580 million after an October 2025 private placement.
NANO Nuclear made substantial progress on its Kronos MMR, completing site characterization and drilling for a planned Q1 2026 construction permit application with the NRC, and expects the review process to be significantly shorter than 15 months.
Strategic developments in 2025 included the acquisition of Global First Power (rebranded True North Nuclear) and the Oak Brook Engineering and Demonstration Facility, a letter of intent to sell Odin Design for $6.2 million, and expanding its commercial pipeline with a feasibility study for up to one gigawatt of power with BitRupon.
The company is also advancing its vertical integration strategy in the nuclear fuel supply chain, with anticipated developments in conversion capabilities in 2026 to de-risk future reactor deployments and potentially generate near-term revenue.