NANO Nuclear Raises $209 Million and Accelerates Microreactor Deployment

With cash reserves multiplied sevenfold in nine months, NANO Nuclear intensifies development of its KRONOS MMR and positions itself in the Canadian and U.S. modular nuclear markets.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

U.S.-based NANO Nuclear Energy Inc., listed on NASDAQ, has released its financial results for the first nine months ending June 30, 2025. The company reported cash and cash equivalents of $210.2 million, a sharp increase from the $28.5 million recorded on September 30, 2024. This growth is due to several financing operations, including a public offering in October 2024 and private placements in November 2024 and May 2025, which generated net cash inflows of $209.3 million.

Operating expenses reached $14.7 million during the period, primarily linked to the advancement of the KRONOS MMR project, a high-temperature modular reactor. On the investment side, the company deployed $12.9 million, including $9.1 million for the acquisition of assets related to KRONOS MMR, and $3.8 million for the buildout of a demonstration site in Westchester, New York.

Regulatory Advances and Increased Market Visibility

The KRONOS MMR microreactor, acquired in January 2025, represents the core of NANO Nuclear’s industrial strategy. The company initiated regulatory procedures with the U.S. Nuclear Regulatory Commission (NRC) for the construction of a first prototype at the University of Illinois at Urbana-Champaign. Simultaneously, it is resuming licensing procedures in Canada, where the reactor had previously completed a Phase 1 assessment with the Canadian Nuclear Safety Commission (CNSC).

NANO Nuclear signed a collaboration agreement with AECOM for site-specific engineering, environmental, and regulatory studies at the university location. The NRC also approved a Fuel Qualification Methodology report, a key step in the regulatory process. These milestones position KRONOS MMR as one of the first projects in active pre-construction permit application phase in the United States.

Indexing in Global ETF and Integrated Growth Strategy

On August 7, 2025, NANO Nuclear’s stock was added to the Solactive Global Uranium & Nuclear Components Total Return Index, making it eligible for inclusion in the Global X Uranium ETF, a listed fund with approximately $4 billion in assets under management. This inclusion increases exposure to both institutional and retail investors, enhancing the company’s financial visibility in capital markets.

Additionally, NANO Nuclear is pursuing a vertical integration strategy, marked by the signing of a memorandum of understanding with UrAmerica to secure nuclear fuel supply and structure an integrated value chain. The company is also deploying its proprietary Annular Linear Induction Pump (ALIP) technology at its New York demonstration facility. Developed under the SBIR Phase III program, the system is designed for reactors using advanced heat transfer fluids such as molten salts or liquid metals.

Organizational Structuring and Commercial Outlook

As part of its expansion, NANO Nuclear has hired more than a dozen engineers to support KRONOS MMR activities, mainly in the U.S. Midwest. The company also acquired a 2.75-acre property with buildings in Oak Brook, Illinois, for engineering, R&D, and manufacturing operations. Several strategic appointments were made, including Rick Perry, former U.S. Secretary of Energy, as chairman of the executive advisory board, and Seth Berl, a government technology specialist at Intel Corporation, who joined the board of directors.

Looking ahead, NANO Nuclear anticipates commercial progress in the coming months, particularly with operators of artificial intelligence-powered data centers. The company is also considering applications in remote areas across North America and internationally, while maintaining its objective of submitting a construction permit application to the NRC by early 2026.

The reactor vessel for Unit 1 at Egypt’s El Dabaa nuclear plant has been delivered following a 20-day maritime transport from Saint Petersburg, marking a critical milestone in the country’s energy project.
Ontario Power Generation secures CAD3bn ($2.1bn) in public equity financing to construct four modular reactors at Darlington, aiming to ease private sector entry into next-generation nuclear infrastructure.
French developer Newcleo launches a joint venture with Nextchem through a EUR70 mn contract to design the conventional island of its upcoming 200 MW modular nuclear reactors.
NANO Nuclear strengthens its North American strategy by acquiring Global First Power in Canada, securing regulatory rights for its KRONOS MMR™ project at Chalk River.
South Korea becomes the first country to submit a safeguards technical report to the IAEA for a small modular reactor, setting a precedent for early integration of non-proliferation requirements in nuclear design.
The Environmental Authority criticises the lack of key data on health risks, chemical discharges and construction safety for EDF's two upcoming EPR2 reactors in Seine-Maritime.
Brazil and China have concluded a three-year agreement to secure access to essential radioisotopes for the medical, industrial and scientific sectors, with no financial exchange between the parties.
US-based developer Last Energy will deploy its first domestic microreactor at Texas A&M-RELLIS, marking a strategic step in the advanced modular reactor race.
PGE acquires ZE PAK's stake in the joint venture responsible for developing Poland’s second nuclear site, consolidating a strategic asset within its energy portfolio.
Amazon unveils new visuals of its upcoming nuclear site, marking a key step in its partnership with X-energy to deploy up to 960 MW of modular nuclear capacity in Washington state.
Canadian uranium producer NexGen Energy has completed a A$1bn ($639mn) equity raise split between North American and Australian markets to support the development of its Rook I project.
Tokyo Electric Power Company Holdings is examining the permanent closure of units 1 and 2 at the Kashiwazaki-Kariwa nuclear power plant, the oldest at the site, while continuing efforts to restart unit 6.
The formal expiration of the 2015 nuclear deal with Iran comes as international sanctions have already been reinstated and diplomatic negotiations remain stalled.
Oklo, newcleo and Blykalla partner to develop advanced nuclear fuel infrastructure in the United States, backed by a planned $2bn investment.
enCore Energy has identified three new uranium roll fronts at its Alta Mesa project, with ongoing drilling aimed at defining their extent and accelerating development work.
California-based Radiant will build its first microreactor production facility in Oak Ridge, on a former Manhattan Project site, with production targeted at 50 units per year by 2028.
EDF restarted the Flamanville EPR reactor after repairing non-compliant valves, delaying the target of reaching full power output of 1,620 MW until the end of autumn.
Nano Nuclear and the University of Illinois will begin drilling operations for the KRONOS MMR™ reactor on October 24, marking a key step toward commercialisation of the nuclear project on the Urbana-Champaign campus.
Natura Resources is finalising construction of the MSR-1, an advanced liquid-fuel nuclear reactor, with a planned launch in 2026 on the Abilene Christian University campus.
JPMorganChase commits $10bn in direct investments as part of a $1.5tn plan to boost energy independence and strategic technologies, including next-generation nuclear power.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.