NANO Nuclear Energy Inc (NNE) stock surged 5.18% in pre-market trading on Thursday, driven by a positive announcement regarding the company's plans to invest in a new advanced demonstration facility and forge a strategic partnership with aRobotics Company.
The company revealed that it has engaged aRobotics Company, a leading innovator in robotics fabrication, inspection, engineering, and testing, to oversee the multimillion-dollar build-out of NANO Nuclear's recently announced demonstration facility in Westchester County, New York. This significant investment underscores NANO Nuclear's commitment to advancing its suite of nuclear reactor technologies, including ZEUS, ODIN, LOKI MMR, and KRONOS MMR.
Furthermore, aRobotics will assist NANO Nuclear in fabricating key non-nuclear components crucial to the design and operation of these reactor systems. The partnership aims to accelerate the development process while maintaining the highest standards of safety and performance. This strategic collaboration is expected to complement NANO Nuclear's technical teams' efforts, potentially expediting the path toward demonstration and eventual commercialization of its innovative reactor technologies.
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