NANO Nuclear Signs MOU With University Of Illinois To Develop KRONOS Microreactor Research Facility

NANO Nuclear Energy Inc. (NASDAQ:NNE) ("NANO Nuclear" or "the Company"), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, announced today that it has signed a Memorandum of Understanding (MOU) with the Board of Trustees of the University of Illinois on behalf of the University of Illinois Urbana-Champaign (U. of I.) to collaborate on the development, construction, and operation of its KRONOS MMR™ on campus as an advanced research reactor.

The signing of the MOU represents an extension of NANO Nuclear's key relationship with U. of I. While the existing definitive sponsored research agreement between NANO Nuclear and U. Of I. provides for U. of I.'s support in design and regulatory licensing of the prototype KRONOS MMR™, the MOU sets forth the next steps for the design, construction, ownership and ultimate operation of a KRONOS MMR™ on the U. of I. campus.

The primary goal of the project is the safe, efficient, and responsible deployment of the KRONOS MMR™ microreactor at U. of I, which aligns with Illinois' long-term energy strategy and supports the carbon-reduction targets outlined in the state's Climate and Equitable Jobs Act (known as the CEJA).

In addition to demonstrating the commercial viability of NANO Nuclear's technology, the project will position U. of I. as a key center for energy innovation within Illinois and the nation.