NANO Nuclear, Enveniam Sign MOU for Advanced Nuclear Collaboration

New York, N.Y., and Oak Ridge, Tenn., September 4, 2026, NANO Nuclear Energy Inc. (NASDAQ: NNE), a leading developer of advanced nuclear micro modular reactor and technology solutions, and Enveniam, LLC, a project integrator and provider of engineering, technology, and project-delivery solutions, have signed a non-binding Memorandum of Understanding (MOU) to collaborate on advancing the U.S. nuclear fuel cycle, microreactor deployment, and energy infrastructure.

The MOU outlines a framework for NANO Nuclear and Enveniam to explore opportunities in nuclear fuel transportation, conversion and deconversion, microreactor licensing and deployment, advanced manufacturing, and power solutions for data centers and remote communities. The companies plan to leverage Enveniam's extensive experience in nuclear engineering, project integration, safety analysis, licensing support, and operational readiness to bolster NANO Nuclear's capabilities in reactor development, nuclear fuel fabrication, and transportation.

"NANO Nuclear is building a vertically integrated platform that includes microreactors, nuclear fuel, and transportation," said Jay Yu, Founder and Chairman of NANO Nuclear Energy. "Enveniam brings valuable experience in integrating complex nuclear and energy projects, making this collaboration a strategic fit. Together, we aim to streamline the path from technology development to licensing, manufacturing, and deployment, ensuring that our projects are evaluated on their individual merits."

Doug Freund, President and CEO of Enveniam, added, "NANO Nuclear is advancing a broad portfolio that touches several critical areas of the emerging advanced nuclear market. This framework allows our teams to assess where Enveniam's capabilities can help translate promising nuclear technologies and infrastructure concepts into executable projects."

The MOU calls for the companies to explore cooperation across six principal workstreams: 1. Nuclear fuel transportation: Enveniam will provide support in engineering, safety, operational, and regulatory matters related to NANO Nuclear’s Highly Enriched Uranium (HALEU) transportation systems. 2. Conversion and deconversion: Enveniam will offer engineering design, criticality-safety analysis, integrated safety assessments, and licensing-strategy support for potential uranium conversion and deconversion facilities. 3. Microreactor commercialization: Enveniam will offer technical support for siting, licensing, engineering, fabrication, project controls, risk management, safety-basis development, operations planning, and deployment readiness for NANO Nuclear’s KRONOS MMR™ Energy System or portable microreactor designs. 4. Advanced manufacturing: Enveniam will help develop requirements, manage projects, and support engineering design, baseline planning, earned-value management, and operational-readiness support for a potential U.S.-based manufacturing facility. 5. Domestic fuel supply chain: Enveniam will provide strategic, program-management, technical, and compliance support spanning sourcing, fabrication, qualification, transportation, and delivery. 6. Commercial energy markets: Both companies will collaborate on joint market development and stakeholder engagement for potential electricity and process-heat solutions for data centers, remote and off-grid communities, Alaska Native organizations, island states, and other energy-intensive users.

"NANO Nuclear’s goal is to commercialize advanced nuclear technology," said James Walker, CEO of NANO Nuclear Energy. "This collaboration with Enveniam will help us navigate the complexities of licensing, safety analysis, project controls, supply-chain coordination, manufacturing planning, and operational readiness. We believe that together, we can evaluate projects more efficiently, identify risks early, and build stronger delivery plans."

The MOU also establishes a joint working group to review potential business opportunities, identify projects that may warrant a funded statement of work or task order, and consider joint applications for federal or state funding. Each company retains the discretion to share information and pursue opportunities based on their individual business plans.

Both companies emphasize that the MOU does not obligate them to proceed with specific projects, provide services, commit funding, or enter into commercial transactions. Any such activity would require separate definitive agreements.

"NANO Nuclear and Enveniam are committed to strengthening the domestic nuclear fuel cycle," said Yu. "By working together, we can help identify bottlenecks, improve project definition, and support a more secure and resilient U.S. nuclear fuel supply chain."

The collaboration between NANO Nuclear and Enveniam represents a significant step in advancing the U.S. nuclear fuel cycle and microreactor deployment, with the potential to provide reliable energy solutions for data centers, remote communities, and other energy-intensive users.