NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO
Nuclear”), an emerging vertically integrated microreactor and
advanced nuclear technology company developing proprietary,
portable and clean energy solutions, is pleased to announce that it
is a proud Plutonium Partner sponsor of the upcoming
East
Tennessee Economic Council’s 6th
Annual Nuclear Opportunities Workshop (NOW) to be
held in Knoxville, Tennessee on July 30 and 31, 2024.
The NOW Conference is a premier platform for
public and private nuclear industry professionals, as well as
students, to explore the latest nuclear industry developments,
business opportunities, and advancements in research and
technologies.
NANO Nuclear is one of several nuclear industry
businesses and governmental organizations who are sponsoring NOW,
including the Tennessee Valley Authority (TVA), Oak Ridge National
Laboratory, United Cleanup Oak Ridge, Centrus Energy and
Westinghouse, who will participate alongside representatives from
U.S. Department of Energy and the National Nuclear Security
Administration. NOW participants will have the opportunity to
network and engage with industry leaders and showcase a diverse
array of cutting-edge projects and technologies like those under
development by NANO Nuclear.
NANO Nuclear will be represented at NOW by
members of its senior leadership team, including Chief Executive
Officer and Head of Nuclear Reactor Development James Walker, Head
of Nuclear Regulatory Licensing David Tiktinsky and Founder and
Chairman Jay Yu.
“Tennessee has been very vocal and proactive in
their support for the nuclear energy renaissance, and it is our
pleasure to sponsor this event as a way of recognizing the state’s
initiative,” said Jay Yu, Founder and Chairman of NANO
Nuclear. “The Nuclear Opportunities Workshop arrives at a
perfect time for NANO Nuclear, as this gathering of leaders from
top companies, national laboratories, universities, and regulatory
bodies will serve as an important opportunity for us as we continue
to make our presence known in the industry and as we diligently
build a solid foundation for our comprehensive regulatory licensing
strategy. We are particularly pleased that David Tikinsky, our
recently appointed Head of Nuclear Regulatory Licensing, who had a
four-decade career at the U.S. Nuclear Regulatory Commission, will
be in attendance.”
Figure 1 - NANO Nuclear Energy Inc. to be a
Plutonium Partner of East Tennessee Economic Council’s 6th Annual
Nuclear Opportunities Workshop (NOW) Knoxville on July 30 and 31,
2024.
“The Nuclear Opportunity Workshop is a great
opportunity for attendees to have direct exposure to some of the
top minds and leaders in the nuclear industry,” said James
Walker, Chief Executive Officer and Head of Reactor Development of
NANO Nuclear. “We are delighted to witness the
increasing opportunities and renewed excitement within the nuclear
energy industry. The industry has long lacked impetus and drive,
but dynamic and engaging events like NOW are a testament to its
revitalization, and we are honored to participate in what we
believe is the nuclear energy renaissance in the U.S.”
About NANO Nuclear Energy
Inc.
NANO Nuclear Energy Inc. (NASDAQ:
NNE) is an emerging, advanced technology-driven nuclear
energy company seeking to become a commercially focused,
diversified, and vertically integrated company across four business
lines: (i) cutting edge portable microreactor technology, (ii)
nuclear fuel fabrication, (iii) nuclear fuel transportation and
(iv) nuclear industry consulting services.
Led by a world-class nuclear engineering team,
NANO Nuclear’s products in technical development are “ZEUS”, a
solid core battery reactor, and “ODIN”, a low-pressure coolant
reactor, each representing advanced developments in clean energy
solutions that are portable, on-demand capable, advanced nuclear
microreactors.
Advanced Fuel Transportation Inc.
(AFT), a NANO Nuclear subsidiary, is led by former
executives from the largest transportation company in the world
aiming to build a North American transportation company that will
provide commercial quantities of HALEU fuel to small modular
reactors, microreactor companies, national laboratories, military,
and DOE programs. Through NANO Nuclear, AFT is the exclusive
licensee of a patented high-capacity HALEU fuel transportation
basket developed by three major U.S. national nuclear laboratories
and funded by the Department of Energy. Assuming development and
commercialization, AFT is expected to be the only business of its
kind in North America.
HALEU Energy Fuel Inc. (HEF), a
NANO Nuclear subsidiary, is focusing on the future development of a
domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel
fabrication pipeline for NANO Nuclear’s own microreactors as well
as the broader advanced nuclear reactor industry.
Please visit our website
at: https://NanoNuclearEnergy.com/
For further information, please
contact:
Email: Info@NanoNuclearEnergy.com Business Tel: (212)
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Cautionary Note Regarding Forward
Looking Statements
This news release and statements of NANO
Nuclear’s management in connection with this news release or
related events contain or may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the Private Securities Litigation Reform Act
of 1995. In this context, forward-looking statements mean
statements related to future events (including the anticipated
benefits of the NOW conference as described herein), which may
impact our expected future business and financial performance, and
often contain words such as "expected", "anticipates", "intends",
"plans", "believes", “potential”, "will", "should", "could",
"would" or "may" and other words of similar meaning. These
forward-looking statements are based on information available to us
as of the date of this news release and represent management's
current views and assumptions. Forward-looking statements are not
guarantees of future performance, events or results and involve
known and unknown risks, uncertainties and other factors, which may
be beyond our control. For NANO Nuclear, particular risks and
uncertainties that could cause our actual future results to differ
materially from those expressed in our forward-looking statements
include but are not limited to the following which are, and will
be, exacerbated by any worsening of global business and economic
environment: (i) risks related to our U.S. Department of Energy
(“DOE”) nuclear fuel manufacturing submission and the development
of new or advanced technology, including difficulties with design
and testing, cost overruns, development of competitive technology,
(ii) our ability to obtain contracts and funding to be able to
continue operations; (iii) risks related to uncertainty regarding
our ability to commercially deploy a competitive advanced nuclear
reactor technology, (iv) risks related to the impact of government
regulation and policies including by the DOE and the U.S. Nuclear
Regulatory Commission and under the recently enacted ADVANCE Act;
and similar risks and uncertainties associated with the business of
a start-up business operating a highly regulated industry. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which apply only as of the date of this news release.
These factors may not constitute all factors that could cause
actual results to differ from those discussed in any
forward-looking statement. Accordingly, forward-looking statements
should not be relied upon as a predictor of actual results. We do
not undertake to update our forward-looking statements to reflect
events or circumstances that may arise after the date of this news
release, except as required by law.
Nano Nuclear Energy (NASDAQ:NNE)
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Nano Nuclear Energy (NASDAQ:NNE)
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