NANO Nuclear Energy Inc. (NNE): Investment Research Report

Navigating a High-Risk, High-Reward Bet in the Microreactor Revolution

NANO Nuclear Energy Inc. (NASDAQ: NNE) is a speculative, high-volatility player in the emerging microreactor space. The company is attempting to commercialize small modular and portable reactors for defense, data-center, and remote energy applications, riding the megatrends of AI-driven power demand and a global nuclear renaissance.

Core Technologies:

• KRONOS MMR™ - Stationary high-temperature gas-cooled microreactor

• LOKI MMR™ - Portable reactor for space and remote deployment

• ZEUS™ - Solid-core “battery reactor” for compact energy systems

• ALIP Technology - Annular Linear Induction Pump for thermal management

---

Key Catalysts & Strategic Milestones (2025)

• Regulatory: NRC approval for fuel qualification methodology

• Academic: UIUC partnership; microreactor site drilling on October 24, 2025

• Defense: AFWERX Direct-to-Phase II contract for KRONOS MMR™ at Joint Base Anacostia-Bolling

• Research: 10-year CRADA with Idaho National Laboratory

• Engineering: AECOM retained for site-specific design

• Demonstration: ALIP assembly completed at Westchester Demonstration Facility

• International: MoU with UrAmerica Ltd. for Argentine uranium; joined Canadian Nuclear Association

• Incentives: Awarded $6.8 million REV Illinois grant

---

Current Setup: Both short- and long-term EMAs trending higher with strong momentum despite consolidation from $60.51 high.

Price Targets:

• Medium-Term: $65-$75 (+35% to +55%)

• Long-Term: $85-$110+ (+75% to +130%)

Key Levels:

• Support: $42 / $36 / $33; Resistance: $50 / $58 / $67; SL: Below $40

Critical Confirmation: Sustained closes above $50 (bullish) | Support at $42

---

Investment Thesis

Bull Case:

• Nuclear resurgence driven by energy security, decarbonization, and AI data-center demand

• Strategic partnerships with universities, defense agencies, and national laboratories

• Early-stage regulatory momentum positions NNE as potential disruptor

Bear Case:

• Pre-revenue status with minimal operational capacity; Heavy dilution risk and uncertain funding runway; 60% probability of failure

---

Conclusion & Recommendation: NANO Nuclear Energy represents the promise and peril of frontier nuclear innovation. With no revenues and significant technical barriers, the company’s current valuation is narrative-driven, powered by investor optimism about AI-era energy needs.

---

Disclaimer
This research is intended solely for educational purposes and should not be interpreted as investment advice. Readers are encouraged to conduct their own due diligence and/or consult a licensed financial advisor before making any investment decisions. All information and data presented are sourced from publicly available company filings, analyst reports, and third-party sources believed to be reliable. While this report has been prepared independently, the views expressed are personal and may contain errors or subjective bias. The author holds no financial or personal interest in the company discussed and does not own any position at the time of writing.