NANO Nuclear Energy Inc. (NASDAQ: NNE) stock surged 6.35% in pre-market trading on Tuesday, following the company's announcement of acquiring patented nuclear reactor technologies from Ultra Safe Nuclear Corporation (USNC) for $8.5 million.
The acquired assets include USNC's Micro Modular Reactor (MMR®) system and its Pylon reactor technology, along with associated patents and intellectual property rights. The MMR system is designed to produce up to 45 megawatts thermal (MWth) of power for industrial applications and high-efficiency hydrogen production, complementing NANO Nuclear's existing microreactor designs aimed at portable and smaller-scale applications.
The Pylon reactor, designed for versatile deployments including remote terrestrial, marine, and space operations, is expected to provide between 1 MWth and 5 MWth of power. With these acquisitions, NANO Nuclear aims to accelerate its development phase and bring innovative nuclear energy solutions to market more efficiently, catering to larger, energy-intensive operations like data centers.
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