LIS Technologies is cleared to proceed with procurement of uranium hexafluoride (UF₆) feedstock and to advance research, development, and optimization activities on its U.S. origin and patented laser uranium enrichment technology
New York, N.Y., Dec. 23, 2025 (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, congratulates its commercial partner LIS Technologies Inc. (“LIST”) on LIST’s receipt of a key Radioactive Material License from the State of Tennessee for its state-of-the-art Demo Test Loop Facility being developed on the historic K-25 site in Oak Ridge, Tennessee.
The receipt of the license enables LIST to proceed with procurement of uranium hexafluoride (UF₆) feedstock, to handle various forms of uranium, and to advance research, development, and optimization activities in support of its technology development and ultimate deployment of a commercial uranium laser enrichment facility in the United States.
Privately held LIST is believed to be the only U.S.-origin based developer of a patented advanced laser technology to enrich uranium. NANO Nuclear and LIST are parties to a collaboration agreement under which NANO Nuclear will develop supportive fuel cycle capabilities that will enable LIST’s enriched UF6 to become part of an integrated fuel manufacturing process. This collaboration is a critical piece in NANO Nuclear’s vertically integrated fuel pipeline strategy to produce Low Enriched Uranium (LEU) and High-Assay Low Enriched Uranium (HALEU), ensuring a seamless supply that delivers fuel to both NANO Nuclear’s micro modular reactor energy systems in development and the wider nuclear energy industry customers.
Figure 1 – NANO Nuclear Energy Celebrates LIS Technologies’ Receipt of a Radioactive Material License from the State of Tennessee for its state-of-the-art Demo Test Loop Facility Being Developed on the Historic K-25 site in Oak Ridge, Tennessee.
“This is a major milestone not only for LIS Technologies, but for the future of the U.S. nuclear fuel supply chain,” said James Walker, Chief Executive Officer of NANO Nuclear. “LIST has demonstrated exceptional technical execution by rapidly advancing a uniquely American, patented enrichment technology toward testing readiness at a historic U.S. nuclear site. As a strategic investor and commercial partner, we view this achievement as a critical step toward restoring secure, domestic enrichment capacity and enabling the next generation of advanced reactors. Importantly, NANO Nuclear is committed to supporting this progress by developing the upstream capabilities necessary to supply uranium hexafluoride feedstock to LIST as it advances toward eventual commercial operations in coming years. Together, this progress reinforces our shared vision of a vertically integrated, resilient U.S. nuclear fuel platform that supports innovation, energy security, and long-term value creation across the domestic nuclear ecosystem.”
NANO Nuclear believes that LIST’s laser enrichment technology has the potential to eventually be fully developed, licensed and capable of producing commercial quantities of LEU and HALEU fuel. In late 2024, LIST was selected by the U.S. Department of Energy (DOE) as one of six contract awardees in the $3.4 billion Indefinite Delivery/Indefinite Quantity (IDIQ) contract for LEU Acquisition Program, which is aimed at expanding U.S. domestic commercial enrichment capabilities, with NANO Nuclear acting as a key subcontractor, bringing its technical and regulatory expertise in advanced nuclear solutions to the collaboration.
NANO Nuclear and LIST are related parties through certain common ownership and commonality of individuals who serve as senior officers or consultants to both companies.