NANO Nuclear Energy Inc. (NASDAQ: NNE), a pioneering nuclear technology company, witnessed a remarkable 5.18% pre-market surge in its stock price on Wednesday. This significant movement can be attributed to a groundbreaking development in the company's pursuit of portable and clean energy solutions.
In a pivotal achievement, NANO Nuclear Energy has signed a Memorandum of Understanding (MOU) with the United States Department of Energy (DOE) Idaho Operations Office. This agreement sets the stage for a strategic collaboration aimed at evaluating the feasibility of siting, constructing, and operating the company's proprietary microreactors, dubbed "ZEUS" and "ODIN," at the renowned Idaho National Laboratory (INL).
The MOU outlines several key activities, including site evaluations, support for Nuclear Regulatory Commission (NRC) licensing activities, and the development of operational and security plans. NANO Nuclear will work closely with the DOE and Battelle Energy Alliance, the operator of INL, to assess the suitability of INL's infrastructure and secure appropriate land-use agreements for supporting the experimental reactors.
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