Shares of NANO Nuclear Energy Inc. (NNE) surged 11.18% in pre-market trading on Monday, following the company's announcement of a $2 million investment and strategic collaboration with LIS Technologies Inc. (LIST), a U.S.-based developer of a patented laser-based uranium enrichment technology.
The collaboration aims to advance LIST's cutting-edge enrichment technology, which has the potential to provide a domestic source of Low Enriched Uranium (LEU) and High-Assay LEU (HALEU) fuel for the resurgent U.S. nuclear industry, including NANO Nuclear's portable microreactors currently under development.
NANO Nuclear will collaborate with LIST on research and development initiatives, as well as develop supportive capabilities, such as deconversion and fuel fabrication facilities, to enable LIST's enriched uranium hexafluoride (UF6) to be integrated into the fuel manufacturing process. In return, LIST will provide NANO Nuclear with enriched UF6 at no cost for fabrication and sale to customers, with LIST receiving compensation through a profit-sharing arrangement.
Comments