NANO Nuclear Energy (NNE) announced a collaboration with LIS Technologies, a privately-held emerging company believed to be the only U.S.-origin based developer of a patented advanced laser technology to enrich uranium. The collaboration intends to reinvigorate the United States’ domestic uranium enrichment and fuel fabrication capabilities and includes: A $2 million investment by NANO Nuclear into LIST’s recently closed, oversubscribed $11.88 million seed round financing; and Execution of a strategic agreement between NANO and LIST under which the parties will collaborate on advancing LIST’s cutting-edge enrichment technology as it continues its development and moves towards the regulatory licensing process and LIST will ultimately provide NANO Nuclear with quantities of uranium hexafluoride fuel for use in NANO Nuclear’s advanced portable microreactors in development and for future sale by NANO Nuclear and LIST to third parties.
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