Nano Nuclear Energy

NANO Nuclear has signed a non-binding framework agreement with Tillman to deploy KRONOS MMR energy systems in Tillman’s planned AI industrial zones in the US. The partners aim for at least 2 GW of nuclear capacity by the mid-2030s and 6 GW by 2040, subject to final agreements, financing and regulatory approvals. Tillman is expected to become NANO Nuclear’s preferred supplier; the agreement includes warrants to purchase common shares worth up to $100 million and an initial allocation of restricted shares with a nominal value of $5 million. NANO Nuclear will provide its gas-cooled 15 MWe KRONOS-MMR module, and the parties plan to cooperate on site selection, licensing, customer acquisition and project execution. » More on de.investing.com

NANO Nuclear and Quadrant Nuclear Industries have signed a non-binding memorandum of understanding to cooperate on the supply of HALEU. The agreement creates a framework for discussions on the delivery and long-term offtake of HALEU to be produced at QNI’s planned Vanguard facility at the Idaho National Laboratory (up to 18 tonnes per year at full capacity). Topics include fuel supply planning, technical interfaces, commercial structuring, regulatory coordination, logistics and demand forecasting; it is intended to support deployment of NANO Nuclear’s KRONOS MMR Energy System and to form the basis for potential commercial agreements. » More on de.investing.com

NANO Nuclear reported adjusted EPS of -$0.19 in Q2/2026 versus an expected -$0.68 and revenue of $210,000. The balance sheet remained strong with roughly $580 million in liquidity after $26 million in net proceeds from an ATM program. Management highlighted the NRC’s formal acceptance of the construction application for the University-of-Illinois project, progress on the Kronos microreactor, and the acquisition of STS for vertical integration. The company is targeting construction start in H2/2027 and initial power generation around 2030; investors remain cautious due to long timelines and regulatory risks. » More on de.investing.com