Jeff Grampp

Sameer Joshi

Subash Chandra

- NANO Nuclear Energy has achieved significant financial milestones, including raising over **$600 million** to date, reaching a **$3 billion market cap**, and being the **number one IPO performer in America in 2024**.  **[0001923891_2203184_2]** **[0001923891_2203184_4]**  The company recently raised an additional **$400 million** from institutional investors.  **[0001923891_2203184_2]** 
- The company has commenced AECOM drilling at the University of Illinois Urbana-Champaign for site characterization, a crucial step towards submitting a construction permit for its **KRONOS microreactor (MMR)** to the U.S. Nuclear Regulatory Commission in Q1.  **[0001923891_2203184_0]** **[0001923891_2203184_2]** 
- The KRONOS MMR is a high-temperature gas-cooled reactor designed for **45 MW thermal** and **15 MW electric** output, utilizing TRISO fuel.  **[0001923891_2203184_6]**  This technology is positioned to address the rapidly growing demand for reliable baseload power, particularly from data centers, with global electricity demand from AI data centers projected to **double by 2026**.  **[0001923891_2203184_6]** **[0001923891_2203184_19]** 
- NANO Nuclear Energy is expanding its operations in Illinois, having acquired a large facility in Oak Brook and planning to hire an additional **60 people by mid-2026**, supported by a state tax incentive program.  **[0001923891_2203184_8]** **[0001923891_2203184_8]** **[0001923891_2203184_9]**

NANO Nuclear Energy Begins KRONOS Microreactor Site Drilling and Reports Financial Milestones

- **NANO Nuclear Energy** has commenced **AECOM drilling** for site characterization of its **KRONOS MMR™ microreactor** at the University of Illinois Urbana-Champaign, with a construction permit application planned for submission in **Q1** (within the next five months from October 2025) and an operational target of **2029**.  **[0001923891_2203178_0]** **[0001923891_2203178_1]** **[0001923891_2203178_2]** **[0001923891_2203178_29]** **[0001923891_2203178_34]** 
- The company has raised over **$600 million** to date, including **$400 million** approximately two weeks prior to the document date, and has nearly **$1 billion** in additional planned financing.  **[0001923891_2203178_2]** 
- NANO Nuclear Energy is pursuing a vertically integrated strategy for the mass manufacturing of its **high-temperature gas-cooled microreactors**, targeting applications such as **data centers** and military bases, and benefits from a regulatory pathway for research reactors that de-risks commercial deployment.  **[0001923891_2203178_3]** **[0001923891_2203178_7]** **[0001923891_2203178_20]** **[0001923891_2203178_29]** **[0001923891_2203178_30]** **[0001923891_2203178_34]** 
- The company has hired over **20 people** in Illinois over the last couple of months.  **[0001923891_2203178_8]**

NANO Nuclear Energy Initiates Microreactor Project and Secures Significant Financing

- Nanonuclear Energy (NNE) has demonstrated strong financial performance, raising **$600,000,000** to date and achieving a **$3,000,000,000 market cap**, being the **number one IPO performer in America in 2024**.  **[0001923891_2202687_2]** 
- NNE is partnering with the **University of Illinois Urbana-Champaign** to site and build a **Kronos microreactor**, a **45 megawatt thermal / 15 megawatt electric High-Temperature Gas-Cooled Reactor (HTGR)**, with a construction permit application to the NRC expected in the next **five months**.  **[0001923891_2202687_1]** **[0001923891_2202687_2]** **[0001923891_2202687_7]** **[0001923891_2202687_30]** 
- The company's strategy involves **mass manufacturing** modular microreactors for distributed deployment in markets like **data centers and military bases**, and vertical integration into the nuclear fuel supply chain.  **[0001923891_2202687_3]** **[0001923891_2202687_4]** **[0001923891_2202687_15]** 
- NNE anticipates the reactor to be **built and licensed in five years**, with mass deployment of hundreds of systems by the **early 2030s**, and is expanding its workforce in Illinois, planning to hire **another 60 people by mid-2026**.  **[0001923891_2202687_9]** **[0001923891_2202687_31]**

Nanonuclear Energy Details Microreactor Project and Growth Strategy

- NANO Nuclear Energy Inc. (NNE) has partnered with the University of Illinois Urbana-Champaign to site a micro modular nuclear reactor, which is anticipated to be one of the first microreactors built and licensed in the U.S. at full scale.  **[0001923891_2202669_1]** **[0001923891_2202669_4]** 
- The company has raised over **$600 million to date**, with an additional almost **$1 billion of financing** planned, and recently secured **$400 million** from institutional investors.  **[0001923891_2202669_2]** **[0001923891_2202669_2]**  NNE was the **number one IPO performer in America in 2024**, achieving a **$3 billion market cap**.  **[0001923891_2202669_2]** **[0001923891_2202669_2]** **[0001923891_2202669_4]** 
- NNE's core KRONOS MMR™ technology, a high-temperature gas-cooled reactor, was acquired after over **$120 million** was spent on its development over eight years.  **[0001923891_2202669_2]** **[0001923891_2202669_2]** 
- NNE is strategically expanding its operations in Illinois, including acquiring a facility in Oak Brook, hiring **25 people** in the state, and being included in a state tax incentive program.  **[0001923891_2202669_8]**  The company anticipates significant demand for its microreactors, particularly from data centers, with AI data center power needs projected to grow from **41 gigawatts in 2025 to 176 gigawatts by 2035**.  **[0001923891_2202669_19]**

NANO Nuclear Energy Inc. Details Strategic Partnerships, Financial Achievements, and Market Expansion

- **Nano Nuclear Energy Inc. (NNE) finalized the acquisition of Global First Power Limited (GFPL)** from affiliates of Ultra Safe Nuclear Corporation (USNC) on **October 22, 2025**.  **[1923891_0001493152-25-018872_ex99-1.htm:0]** 
- This acquisition provides NNE with the **regulatory licensing application with the Canadian Nuclear Safety Commission (CNSC)** to construct a **KRONOS MMR™ Energy System demonstration project at Chalk River Laboratories in Ontario, Canada**.  **[1923891_0001493152-25-018872_ex99-1.htm:0]** 
- NNE will now **concurrently advance KRONOS MMR™ construction, demonstration, and regulatory activities in both the U.S. and Canada**, positioning the company as a North American leader in microreactor development.  **[1923891_0001493152-25-018872_ex99-1.htm:0]** **[1923891_0001493152-25-018872_form8-k.htm:3]** 
- The principal consideration for the GFPL acquisition was NNE's **assumption of an approximately $640,000 liability owed by GFPL to the CNSC**.  **[1923891_0001493152-25-018872_ex99-1.htm:1]**

Nano Nuclear Energy Inc. Finalizes Acquisition of Global First Power

- On **October 10, 2025**, NANO Nuclear Energy Inc. closed an oversubscribed private placement of common stock, generating **gross proceeds of $400 million**.  **[1923891_0001493152-25-017769_ex99-1.htm:0]** **[1923891_0001493152-25-017769_ex99-2.htm:0]** **[1923891_0001493152-25-017769_form8-k.htm:1]** 
- The company sold **8,490,767 shares** of common stock at a purchase price of **$47.11 per share**.  **[1923891_0001493152-25-017769_form8-k.htm:1]** 
- After deducting placement agent fees and estimated offering expenses, NANO Nuclear received **net proceeds of approximately $378.6 million**, increasing its cash position to approximately **$582 million**.  **[1923891_0001493152-25-017769_form8-k.htm:1]** 
- The proceeds will be used to advance development, construction, and regulatory licensing activities for its lead micro nuclear reactor program, the **KRONOS MMR™ Energy System**, continue development of other micro reactor projects and nuclear energy business lines, pursue potential strategic acquisitions, and for general corporate purposes.  **[1923891_0001493152-25-017769_ex99-1.htm:0]** **[1923891_0001493152-25-017769_ex99-2.htm:0]** **[1923891_0001493152-25-017769_form8-k.htm:1]**

Nano Nuclear Energy (NNE)