Collaboration Framework Encompasses Nuclear Fuel Transportation, Conversion and Deconversion, Microreactor Licensing and Deployment, Advanced Manufacturing, and Power Solutions for Data Centers and Remote Communities

New York, N.Y. and Oak Ridge, Tenn., Sept. 04, 2026 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or “the Company"), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions,, nuclear fuel cycle capabilities and nuclear transportation solutions, today announced that it has signed a non-binding Memorandum of Understanding ("MOU") with Enveniam, LLC ("Enveniam"), a leading project integrator and provider of engineering, technology and project-delivery solutions, to explore a collaboration addressing nuclear fuel cycle infrastructure, microreactor commercialization, advanced manufacturing and end-user energy solutions.

Figure 1 - NANO Nuclear Energy and Enveniam Sign Memorandum of Understanding to Advance U.S. Nuclear Fuel Cycle, Microreactor Deployment and Energy Infrastructure

The MOU establishes a framework through which the companies will explore utilizing Enveniam's experience in nuclear engineering, project integration, safety analysis, licensing support, project controls, operational readiness and complex energy infrastructure to advance NANO Nuclear's developing reactor, nuclear fuel fabrication and transportation capabilities. Any specific services, funding, projects or commercial commitments between the parties would be subject to separate definitive agreements.

"This MOU brings together two organizations with complementary capabilities across the advanced nuclear value chain," said Jay Yu, Founder and Chairman of NANO Nuclear Energy. "NANO Nuclear is building a vertically integrated platform spanning microreactors, nuclear fuel and transportation, while Enveniam brings extensive experience integrating complex nuclear and energy programs. By exploring opportunities together, we aim to strengthen the practical pathway from technology development to regulatory licensing, manufacturing and deployment, while preserving the flexibility to evaluate each potential project on its individual merits."

"Enveniam is focused on bringing disciplined project integration, technical depth and delivery certainty to critical energy missions," said Doug Freund, President and Chief Executive Officer of Boston Government Services and Executive Officer of Enveniam. "NANO Nuclear is advancing a broad portfolio that touches several important parts of the emerging advanced nuclear market. This framework gives our teams the opportunity to assess where Enveniam's engineering, project controls, licensing, safety and operational capabilities can help translate promising nuclear technologies and infrastructure concepts into executable projects."

Exploring Broad Cooperation Across the Nuclear Value Chain

Under the MOU, NANO Nuclear and Enveniam expect to evaluate potential cooperation across six principal workstreams:

• Nuclear fuel transportation: engineering, safety, operational and regulatory support for NANO Nuclear's HALEU transportation systems, including transport-basket optimization, regulatory filings and security protocols.
• Conversion and deconversion: engineering design, criticality-safety analysis, integrated safety assessments and licensing-strategy support for potential uranium conversion and deconversion facilities.
• Microreactor commercialization: technical support for siting, licensing, engineering, fabrication, project controls, risk management, safety-basis development, operations planning and deployment readiness for NANO Nuclear’s lead KRONOS MMR^™ Energy System project or NANO Nuclear’s portable microreactor designs.
• Advanced manufacturing: requirements development, project management, engineering design, baseline planning, earned-value management and operational-readiness support for a potential U.S.-based manufacturing facility for nuclear fuel, fuel components and microreactor modules.
• Domestic fuel supply chain: strategic, program-management, technical and compliance support spanning sourcing, fabrication, qualification, transportation and delivery.
• Commercial energy markets: joint market development and stakeholder engagement concerning potential electricity and process-heat solutions for data centers, remote and off-grid communities, Alaska Native organizations, island states and territories, and other energy-intensive users.

"Commercializing advanced nuclear technology requires more than a strong reactor design," said James Walker, Chief Executive Officer of NANO Nuclear Energy. "It requires disciplined licensing, safety analysis, project controls, supply-chain coordination, manufacturing planning and operational readiness. Enveniam's capabilities closely align with our expertise and business plans across these critical workflows. We believe this collaboration can help us evaluate projects more efficiently, identify execution risks earlier and build stronger delivery plans as opportunities advance toward definitive agreements."

Building a Disciplined Path to Definitive Projects

The MOU calls for establishing a joint working group that would meet periodically to review potential business opportunities, identify projects that may warrant a funded statement of work or task order, and consider joint applications for federal or state funding. Each company would retain discretion over the information it shares and the opportunities it elects to pursue.

The MOU does not obligate either company to proceed with a particular project, provide services, commit funding or enter into a commercial transaction. Any such activity would require separate definitive agreements establishing the applicable scope, schedule, responsibilities, economics, intellectual-property arrangements and regulatory requirements.

Supporting Data Centers and Remote Communities

One area of potential collaboration is the development of reliable electricity and process-heat solutions for data centers and other energy-intensive customers. The rapid expansion of artificial intelligence, cloud computing, advanced manufacturing and electrification is increasing demand for safe, dependable, around-the-clock power and creating opportunities for advanced nuclear technologies that can complement and support existing grids and energy infrastructure.

NANO Nuclear and Enveniam also intend to evaluate opportunities involving remote and off-grid communities, including Alaska Native organizations and island jurisdictions that may rely heavily on imported fossil fuels. Potential applications could include resilient power, district or industrial heat, desalination and hybrid energy systems combining microreactors with renewable generation. Any deployment would remain subject to technical feasibility, stakeholder support, financing, licensing and definitive project documentation.

Strengthening the Domestic Nuclear Fuel Cycle

The MOU also supports NANO Nuclear's broader strategy of developing capabilities across critical portions of the domestic nuclear fuel cycle. Through its subsidiaries Advanced Fuel Transportation Inc. and HALEU Energy Fuel Inc., NANO Nuclear is pursuing transportation and fuel-fabrication capabilities intended to support its own reactor programs and the wider advanced nuclear industry.

Enveniam's experience in project integration, nuclear operations, engineering, safety, licensing, supply-chain management and operational readiness may complement NANO Nuclear's work in fuel transportation, conversion and deconversion, fabrication and manufacturing. The companies believe that coordinated planning across these activities could help identify bottlenecks, improve project definition and support a more secure and resilient U.S. nuclear fuel supply chain.