Nano Nuclear Energy Inc Q1 FY2026 earnings call

Nano Nuclear continues to advance its KRONOS MMR, which is a high TRL, high temperature gas-cooled reactor design. Progress includes site characterization and drilling at the University of Illinois, signing MOUs with the university and others, receiving state incentives, making progress in Canada after acquiring Global First Power, advancing supply chain discussions, signing feasibility study agreements, expanding commercial pipeline, and making progress on vertical integration with partnerships and acquisitions. LIS Technologies also made progress with radioactive material license and enrichment facility plans.

2026 is an important year with potential catalysts including progress towards KRONOS licensing in US and Canada, potential commercial announcements, advancing supply chain and partnership discussions, and expected progress in strategic partnerships to accelerate deployment.

Q: About the strategic alliance with DS Dansuk, any milestones/catalysts in 12 - 18 months?

A: More engagement, MOU advancing to critical planning, mass manufacturing facility development, partnerships on graphite, fuel supply, and interaction with government/vendors in S Korea.

Q: EPC strong partnership in US/NA?

A: EPC important for coordination, partnerships with Ameresco, Hatch, etc.

Q: Construction permit on track?

A: On track for first half of year, on verge of submitting, important to announce submission.

Q: Accelerating UIUC project timeline?

A: Possible due to NRC licensing process adjustments, focus on mass manufacturing and EPCM coordination.

Q: LOKI MMR RFI?

A: LOKI is scaled - down KRONOS, RFI received, early days in space industry partnership.

Q: Supply chain longest lead times?

A: Nuclear - grade graphite, fuel supply (enrichment, uranium hexafluoride), TRISO fabrication.

Q: LEU vs HALEU licensing?

A: KRONOS can be licensed to operate with both, NRC mostly care about safety systems.

Q: UIUC MOU and commercial stake?

A: UIUC owns/operates first - of - a - kind reactor, Nano owns/operates design for commercial venture.

Q: NRC licensing balance of plant?

A: Most balance of plant is non - nuclear, NRC mainly cares about reactor safety, post - first reactor licensing has reduced regulatory engagement.

Q: AI effect on licensing?

A: AI could reduce human error in licensing, help identify missed components and processes.