Wholly owned subsidiary aiming to be the first North American transportation company providing commercial quantities of HALEU. AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three U.S. national nuclear laboratories and funded by DOE (licensed from Battelle Energy Alliance LLC, which operates Idaho National Laboratory).
Wholly owned subsidiary focused on developing a domestic HALEU fuel fabrication pipeline. Member of DOE HALEU Consortium. Participant in DOE LEU Acquisition Program. March 2023 MOU with Centrus Energy for potential HALEU supply. Vertical integration play: NNE seeks to control its own fuel supply chain to de-risk reactor commercialization.
NANO Nuclear's lead reactor product — acquired from USNC in January 2025. UIUC submitted Construction Permit Application to NRC on April 2, 2026 (with NNE as the named reactor designer). 45 MWth stationary HTGR. Site characterization at UIUC targeted for mid-2026 completion. Targets data centers, industrial parks, larger population centers, AI compute facilities — does not require connection to traditional grids. Inherited approximately $120M+ in prior developer investment and nearly a decade of R&D from Ultra Safe Nuclear Corporation.
MOU signed February 24, 2026 to explore joint venture for deploying KRONOS MMR microreactors in the UAE and select Gulf markets. Potential applications: desalination plants, heavy industry, data centers. EHC has 2,000+ professionals, 200,000+ customers served, 5,000+ projects. Bolstered by NNE's relationship with Emirates Nuclear Energy Corporation (ENEC). Aligns with broader UAE energy diversification strategy (ENEC + ADNOC evaluating advanced reactors since November 2024).
Acquired alongside KRONOS from Ultra Safe Nuclear Corporation in January 2025. Portable design optimized for space and extra-terrestrial applications. Together with KRONOS represented USNC's most advanced reactor IP at the time of bankruptcy.
NANO Nuclear's original in-house design predating the USNC acquisition. Portable solid core battery reactor producing 1-1.5 MWth. First reactor core hardware assembled March 2025 for initial non-nuclear testing. Targeted at remote locations: islands, remote communities, mining, oil and gas. Idaho National Laboratory completed external design audit. NNE filed for provisional patent (full patent expected post-March 2025).
NASDAQ IPO May 2024 at $4.00 per share. Believed to be the first portable nuclear microreactor company listed publicly in the U.S. Stock peaked at $56.63 in October 2025 amid AI-nuclear retail investor enthusiasm, then consolidated to $24-26 range by February 2026. Polarized institutional vs retail investor coverage.
Acquired KRONOS MMR Energy System and LOKI MMR portable microreactor technology assets from Ultra Safe Nuclear Corporation (USNC) and subsidiaries during USNC bankruptcy. KRONOS reportedly benefited from approximately $120 million in prior developer investment and nearly a decade of R&D pre-acquisition. Transformed NNE's product portfolio overnight.
Massive late-2025 private placement that brought cash position to $577.5M as of December 31, 2025. Funds reactor development, fuel infrastructure, and acquisitions.
Sale of ODIN reactor design to Cambridge Atom Works pending definitive agreements. Rationalizes portfolio around KRONOS MMR (lead), ZEUS, and LOKI MMR after the USNC acquisition added KRONOS and LOKI.