NANO Nuclear Forges Landmark CRADA with Idaho National Laboratory to Propel Next-Generation Microreactor Innovation

NANO Nuclear Energy Inc. (NASDAQ: NNE), a leading pure-play microreactor and advanced nuclear fuel company, has announced a pivotal Cooperative Research and Development Agreement (CRADA) with the esteemed Idaho National Laboratory (INL). This landmark collaboration, a strategic move for both entities, is set to significantly accelerate the development of NANO Nuclear's groundbreaking advanced microreactor designs, 'ODIN' and 'ZEUS'.

The CRADA formalizes a powerful partnership, granting NANO Nuclear unparalleled access to INL's world-class facilities, extensive expertise, and cutting-edge resources in advanced nuclear reactor technologies.

INL, a U.S. Department of Energy (DOE) national laboratory, boasts over 75 years of leadership in nuclear energy research and development, making it an ideal partner to propel NANO Nuclear's innovative visions forward. This agreement underscores a shared commitment to fostering the next generation of safe, efficient, and cost-effective nuclear energy solutions.

At the heart of NANO Nuclear's ambitions are its proprietary microreactor designs.

The 'ODIN' microreactor is envisioned as a versatile, clean, and portable land-based power source, capable of delivering reliable energy to a multitude of applications, including remote communities, industrial operations, and disaster relief efforts. Complementing this, the 'ZEUS' microreactor is being developed as a highly advanced mobile power source, designed to provide resilient and robust energy solutions for critical infrastructure and defense applications, where flexibility and rapid deployment are paramount.

James Walker, CEO and Head of Reactor Development at NANO Nuclear Energy Inc., emphasized the profound impact of this agreement.

"Partnering with Idaho National Laboratory marks a critical milestone for NANO Nuclear. This CRADA will allow us to leverage INL's unparalleled expertise and state-of-the-art facilities, dramatically advancing the engineering, testing, and validation of our 'ODIN' and 'ZEUS' microreactor designs. We are committed to pioneering innovative and sustainable energy solutions, and this collaboration significantly strengthens our path forward," he stated.

Jay Jiang Yu, Executive Chairman of NANO Nuclear Energy Inc., echoed this sentiment, highlighting the broader vision.

"Our mission at NANO Nuclear is to revolutionize the energy landscape with safe, reliable, and sustainable microreactors. This strategic alliance with INL, a global leader in nuclear innovation, is instrumental in realizing that vision. It underscores our dedication to strengthening U.S. leadership in advanced nuclear technology and delivering clean, secure power to meet the world's growing energy demands, enhancing both national security and energy independence," Yu commented.

Dr.

Jeffrey Lawrence, Associate Laboratory Director for Nuclear Science & Technology at INL, expressed the laboratory's enthusiasm for the partnership. "INL is steadfastly committed to advancing small modular and microreactor technologies, recognizing their immense potential for both clean energy generation and national security applications.

Collaborating with innovative private sector companies like NANO Nuclear through CRADAs is crucial for accelerating these vital advancements and ensuring the U.S. remains at the forefront of nuclear energy innovation," Dr. Lawrence remarked.

This CRADA represents more than just a collaboration; it's a synergistic effort to bridge the gap between cutting-edge research and practical application.

By combining NANO Nuclear's agile innovation with INL's extensive R&D capabilities, the partnership is poised to significantly accelerate the commercialization of microreactors. These advanced reactors hold the promise of transforming energy access and reliability, offering a carbon-free, compact, and resilient power solution that can be deployed wherever traditional grid infrastructure is impractical or insufficient.

Ultimately, this strategic alliance between NANO Nuclear and Idaho National Laboratory is a testament to the collaborative spirit driving the future of energy.

It reinforces the U.S.'s commitment to developing advanced nuclear technologies that are essential for achieving energy security, combating climate change, and maintaining technological leadership on a global scale. The successful development and deployment of microreactors like 'ODIN' and 'ZEUS' will pave the way for a more sustainable, resilient, and energy-independent future.