NANO Nuclear Acquires Strategic U.S. Nuclear Fuel Processing Assets
News related to:NANO Nuclear Energy Inc · 2 min read
New York, N.Y., Oct. 01, 2026 /CourierPR/ -- NANO Nuclear Energy Inc., an advanced nuclear energy and technology company, has taken a significant step in its vertical integration strategy by entering into a definitive asset purchase agreement to acquire strategic U.S. nuclear fuel processing assets. The acquisition, valued at $13.5 million, will provide NANO Nuclear with an existing NRC-licensed fuel cycle facility, one of only ten such facilities in the United States, thereby enhancing its capabilities in the nuclear energy sector.
The assets to be acquired include a U.S. Nuclear Regulatory Commission (NRC) license and related intellectual property and technical materials associated with a previously planned depleted uranium hexafluoride (DUF6) deconversion and fluorine extraction facility in Lea County, New Mexico. Although the facility was not constructed, the licensing and technical groundwork laid by the original project will significantly streamline NANO Nuclear’s path to expanding its domestic fuel cycle activities.
The acquisition is expected to close in approximately 90 to 120 days, subject to the satisfaction of various conditions, including NRC consent to the license transfer and other required approvals. NANO Nuclear plans to continue evaluating several options post-closing, including potential deconversion and other fuel cycle activities, as well as opportunities to collaborate with potential strategic partners.
NANO Nuclear Energy Inc. is a North American advanced technology-driven nuclear energy company with a diverse portfolio. Its reactor products in development include the proprietary KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor, and the ZEUS™ system, a portable solid core battery reactor. The company also focuses on nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services.
The acquisition is part of NANO Nuclear’s long-term strategy to establish a vertically integrated advanced nuclear energy and fuel platform.
NANO Nuclear Energy Inc. is committed to advancing the nuclear energy sector through innovative technologies and strategic acquisitions. The company’s next steps will involve evaluating the acquired assets to determine the optimal commercial and development pathway, with no final investment decision made at this time.