New York, N.Y. — December 23, 2025 — Leads & Copy — NANO Nuclear Energy Inc. congratulates its commercial partner LIS Technologies Inc. on receiving a key Radioactive Material License from the State of Tennessee for its Demo Test Loop Facility being developed on the historic K-25 site in Oak Ridge, Tennessee.
The license allows LIST to procure uranium hexafluoride (UF₆) feedstock, handle various forms of uranium, and advance research, development, and optimization activities to support its technology and deployment of a commercial uranium laser enrichment facility in the U.S.
NANO Nuclear (NASDAQ: NNE), an advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, said privately held LIST is believed to be the only U.S.-origin based developer of a patented advanced laser technology to enrich uranium. NANO Nuclear and LIST have a collaboration agreement for NANO Nuclear to develop supportive fuel cycle capabilities that will enable LIST’s enriched UF6 to become part of an integrated fuel manufacturing process.
James Walker, Chief Executive Officer of NANO Nuclear, said this collaboration is critical to NANO Nuclear’s vertically integrated fuel pipeline strategy to produce Low Enriched Uranium (LEU) and High-Assay Low Enriched Uranium (HALEU), ensuring a supply for both NANO Nuclear’s micro modular reactor energy systems and the wider nuclear energy industry.
Walker said the license is a major milestone for LIS Technologies and the future of the U.S. nuclear fuel supply chain. He added that LIST has demonstrated technical execution by rapidly advancing an American, patented enrichment technology toward testing readiness at a historic U.S. nuclear site. NANO Nuclear is committed to supporting this progress by developing the upstream capabilities necessary to supply uranium hexafluoride feedstock to LIST as it advances toward commercial operations, he said.
NANO Nuclear believes that LIST’s laser enrichment technology can eventually be fully developed, licensed and capable of producing commercial quantities of LEU and HALEU fuel. In late 2024, LIST was selected by the U.S. Department of Energy (DOE) as one of six contract awardees in the $3.4 billion Indefinite Delivery/Indefinite Quantity (IDIQ) contract for LEU Acquisition Program, which is aimed at expanding U.S. domestic commercial enrichment capabilities, with NANO Nuclear acting as a key subcontractor.
NANO Nuclear and LIST are related parties through certain common ownership and commonality of individuals who serve as senior officers or consultants to both companies.
NANO Nuclear Energy Inc. is seeking to become a diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services.
NANO Nuclear’s reactor products in development include patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor, “ZEUS”, a portable solid core battery reactor, and the space focused, portable LOKI MMR™.
Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel. 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.
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.
NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space.
Contact:
Email: IR@NANONuclearEnergy.com
Business Tel: (212) 634-9206
Source: NANO Nuclear Energy
