NANO Nuclear Energy Enters into Agreement to Acquire Ultra Safe Nuclear Corp.'s Patented Micro Modular Reactor MMR® and Pylon Space Reactors for $8.5 Million along with Worldwide Demonstration Partnerships

Core Insights - NANO Nuclear Energy has acquired Micro Modular Reactor (MMR®) and Pylon technologies from Ultra Safe Nuclear Corporation (USNC) for $8.5 million through a Chapter 11 bankruptcy auction, enhancing its portfolio in advanced nuclear energy solutions [5][11][14] - The MMR Energy System is a zero-carbon nuclear power plant designed to produce up to 45 MWth, aimed at providing carbon-free process heat and high-efficiency hydrogen production, complementing NANO Nuclear's existing microreactor projects [1][7] - The Pylon reactor technology is versatile, designed to provide between 1 MWth and 5 MWth of power, suitable for various applications including terrestrial, marine, and space deployments [19] Acquisition Details - The acquisition includes all associated patents and intellectual property rights related to the MMR system and Pylon reactor technology, which are expected to accelerate NANO Nuclear's development phase [5][14][20] - The transaction was approved by the United States Bankruptcy Court for the District of Delaware, with closing anticipated soon, subject to customary conditions [5][11] Strategic Positioning - The integration of MMR and Pylon technologies aligns with NANO Nuclear's mission to lead in advanced nuclear energy technologies, particularly for energy-intensive operations like data centers [8][14] - NANO Nuclear aims to leverage its technical team to optimize these technologies and enhance its operational frameworks, positioning itself to capitalize on the growing investment in advanced nuclear energy [7][14] Future Applications - NANO Nuclear's subsidiary, NANO Nuclear Space Inc., is exploring commercial applications of its micronuclear reactor technology for extraterrestrial projects, focusing on power systems and potential propulsion technology [16] - The company is also developing a domestic source for High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication, which will support its microreactors and the broader advanced nuclear reactor industry [22]