NANO Nuclear Energy Signs MOU With Enveniam to Advance the U.S. Nuclear Fuel Cycle and Microreactor Deployment

NANO Nuclear Energy Inc. (NASDAQ: NNE) has signed a non-binding Memorandum of Understanding with Enveniam, LLC, a Bernhard Capital Partners portfolio company that operates as a Lead Project Integrator across federal and energy markets. The two companies will explore collaboration spanning nuclear fuel cycle infrastructure, microreactor commercialization, advanced manufacturing and end-user energy solutions — pairing NANO Nuclear’s reactor and fuel programs with Enveniam’s engineering, licensing and project-delivery muscle.

Key Points

• NANO Nuclear Energy (NASDAQ: NNE) and Enveniam signed a non-binding MOU covering six workstreams across the advanced nuclear value chain.
• The agreement commits neither party to funding, services or projects. Any actual work requires separate definitive agreements.
• Six focus areas: HALEU fuel transportation, conversion and deconversion, microreactor commercialization, advanced manufacturing, domestic fuel supply chain, and commercial energy markets.
• A joint working group will screen opportunities, identify projects that warrant funded statements of work or task orders, and weigh joint applications for federal or state funding.
• Target end markets include data centers, remote and off-grid communities, Alaska Native organizations, and island states and territories.
• Enveniam combines three operating businesses — Boston Government Services, Strategic Management Solutions LLC and Sterling Engineering & Consulting.
• NANO Nuclear’s subsidiaries anchor the fuel cycle side: Advanced Fuel Transportation Inc. and HALEU Energy Fuel Inc.

What the Companies Actually Agreed To

The MOU establishes a framework rather than a contract. Under it, NANO Nuclear (NASDAQ: NNE) will explore how Enveniam’s capabilities — nuclear engineering, project integration, safety analysis, licensing support, project controls, operational readiness and complex energy infrastructure — can accelerate its reactor, fuel fabrication and transportation programs.

Importantly, the document obligates neither company to proceed with any particular project, provide services, commit capital or enter commercial transactions. Instead, both sides will stand up a joint working group to review business opportunities, flag those worth funding through statements of work or task orders, and consider applying jointly for federal or state funding. Each company also retains full discretion over what information it shares and which opportunities it pursues.

Six Workstreams Under Review

The companies identified six areas for potential cooperation:

Nuclear fuel transportation. Enveniam would provide engineering, safety, operational and regulatory support for NANO Nuclear’s HALEU transportation systems.

Conversion and deconversion. Work here covers engineering design, criticality-safety analysis, integrated safety assessments and licensing-strategy support.

Microreactor commercialization. This workstream spans siting, licensing, engineering, fabrication, project controls, risk management, safety-basis development, operations planning and deployment readiness.

Advanced manufacturing. The scope includes requirements development, project management, engineering design, baseline planning, earned-value management and operational-readiness support.

Domestic fuel supply chain. Enveniam would contribute strategic, program-management, technical and compliance support.

Commercial energy markets. Finally, the two firms plan joint market development and stakeholder engagement aimed at data centers, remote and off-grid communities, Alaska Native organizations, and island states and territories.

Executives Frame the Fit

Jay Yu, Founder and Chairman of NANO Nuclear Energy (NASDAQ: NNE), said: “This MOU brings together two organizations with complementary capabilities across the advanced nuclear value chain.”

Doug Freund, President and Chief Executive Officer of Boston Government Services and Executive Officer of Enveniam, added: “Enveniam is focused on bringing disciplined project integration, technical depth and delivery certainty to critical energy missions.”

James Walker, Chief Executive Officer of NANO Nuclear Energy (NASDAQ: NNE), noted: “Commercializing advanced nuclear technology requires more than a strong reactor design.”

Data Centers, Remote Communities and Island Grids

One collaboration area targets reliable electricity and process heat for data centers and other energy-intensive customers — a demand pocket that has pulled advanced nuclear developers into commercial conversations far faster than the sector once expected.

Beyond that, the companies intend to evaluate opportunities for remote and off-grid communities, including Alaska Native organizations and island jurisdictions that currently depend on imported fossil fuels. Potential applications there run to resilient power, district or industrial heat, desalination, and hybrid systems that pair microreactors with renewable generation.

Strengthening the Domestic Fuel Cycle

The MOU also advances NANO Nuclear’s (NASDAQ: NNE) broader push to build capability across critical portions of the domestic nuclear fuel cycle. Through subsidiaries Advanced Fuel Transportation Inc. (AFT) and HALEU Energy Fuel Inc. (HEF), the company is developing transportation and fuel-fabrication capacity meant to serve both its own reactor programs and the wider advanced nuclear industry.

Enveniam brings a complementary track record in project integration, nuclear operations, engineering, safety, licensing, supply-chain management and operational readiness. Consequently, the companies believe coordinated planning can help surface bottlenecks earlier, sharpen project definition, and support a more secure and resilient U.S. nuclear fuel supply chain.

About Enveniam

Enveniam — a Bernhard Capital Partners portfolio company comprising Boston Government Services, Strategic Management Solutions LLC and Sterling Engineering & Consulting — advances the nation’s focus on energy dominance and national security through engineering, technology and deep domain expertise. As a Lead Project Integrator, the company delivers integrated solutions across federal and energy markets, including nuclear, oil, natural gas, renewables and critical infrastructure.

About NANO Nuclear Energy, Inc. (NASDAQ: NNE)

NANO Nuclear Energy Inc. is a North American advanced technology-driven nuclear energy company working to become a commercially focused, diversified and vertically integrated company across five business lines: portable and other microreactor technologies; nuclear fuel supply chain; nuclear fuel transportation; nuclear applications for space; and nuclear industry consulting services.

The company’s reactor products in development include the proprietary KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor currently in construction permit pre-application engagement with the U.S. Nuclear Regulatory Commission alongside the University of Illinois Urbana-Champaign; ZEUS, a portable solid core battery reactor; and LOKI MMR™, a space-focused portable microreactor.

Advanced Fuel Transportation Inc. (AFT), strengthened by the May 2026 acquisition of Secured Transportation Services, provides nuclear engineering and materials transport services in the U.S. and globally, and holds the exclusive license to a patented high-capacity HALEU fuel transportation basket developed by three U.S. national nuclear laboratories with Department of Energy funding.

HALEU Energy Fuel Inc. (HEF) is developing a domestic High-Assay, Low-Enriched Uranium fuel fabrication pipeline for NANO Nuclear’s microreactors and the broader advanced nuclear industry. NANO Nuclear Space Inc. (NNS) explores commercial applications of the company’s microreactor technology in space, including LOKI MMR™ and power systems for extraterrestrial projects, plus potential propulsion technology for long-haul missions.

For more corporate information, visit NanoNuclearEnergy.com.