Letter of Intent Names NANO Nuclear as a Preferred Nuclear Technology & Services Provider for Potential Future Projects
New York, N.Y., Sept. 25, 2026 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or the “Company”), IP3 Corporation (“IP3”) and Cybernetic Intelligence announced the signing a Letter of Intent (LOI) setting out a framework to jointly pursue nuclear-powered artificial intelligence (AI), national security and computing and other infrastructure opportunities in the United States and select international markets.
The LOI names NANO Nuclear as a preferred provider of nuclear technology and services to IP3 and Cybernetic Intelligence for opportunities pursued through the collaboration. The relationship is expected to leverage NANO Nuclear’s capabilities across advanced microreactor technology, nuclear fuel supply and logistics, and reactor operations.
Figure 1 - NANO Nuclear, IP3 and Cybernetic Intelligence Sign Letter of Intent to Pursue Nuclear Powered AI Infrastructure Projects
Enabling Potential New Commercial Pathways for Advanced Nuclear
NANO Nuclear believes growing demand for secure, reliable and resilient power across AI, national security and computing and other critical infrastructure will create new applications for advanced nuclear technology beyond traditional utility-scale generation.
The collaboration brings together complementary capabilities intended to help convert those opportunities into potential commercial projects: NANO Nuclear as a provider of advanced nuclear technology, fuel and related services; IP3 providing project origination, development, financing and government engagement capabilities; and Cybernetic Intelligence contributing expertise in AI infrastructure, compute sovereignty and access to potential defense, intelligence and commercial compute customers.
Together, the parties intend to pursue an integrated development approach that connects advanced nuclear technology with identifiable energy demand, secure computing requirements, project development and potential access to capital. This is expected to include identifying potential end-users and host sites, assessing applicable regulatory and policy frameworks, developing project and feasibility materials, engaging potential financing and project partners, and evaluating the supply-chain and manufacturing capabilities required to support deployment.
The parties also expect to evaluate potential financing pathways for mutually agreed projects, including infrastructure and project finance, government-supported programs and other sources of institutional capital. These activities are intended to create a potential pathway from opportunity origination and project structuring through financing and commercial deployment.
Pursuing a Pipeline of Strategic Commercial Opportunities
The parties intend to jointly evaluate and pursue multiple potential commercial opportunities across the United States and select international markets. Areas under consideration include potential advanced reactor pilot programs for military applications, energy-resilience solutions for defense and intelligence installations, sovereign AI and high-performance computing infrastructure, maritime nuclear applications, and strategic international energy and infrastructure projects.
As an initial workstream under the LOI, the parties intend to identify and commence a mutually agreed pilot program, selected based on factors including project readiness, strategic priority and available resources. The pilot is expected to provide a framework for applying the parties' combined nuclear, infrastructure development and secure computing capabilities to a defined deployment opportunity. Any pilot would be subject to a separate project-specific agreement establishing its scope, timeline, commercial terms and deliverables.
In parallel, the parties expect to evaluate potential host sites and end-users, engage relevant government agencies, regulators, financiers and infrastructure partners, and assess supply-chain, manufacturing, localization and workforce requirements for potential deployments.
“Advanced nuclear is moving beyond traditional power markets as AI, national security and other strategic industries seek secure, reliable and resilient sources of energy. This collaboration is designed to position NANO Nuclear’s technology at the center of that emerging opportunity,” said James Walker, Chief Executive Officer of NANO Nuclear Energy. “Being selected as a preferred nuclear technology and services provider for opportunities explored under this collaboration is another meaningful step in expanding future commercial pathways for our company. By combining our reactor and fuel capabilities with IP3’s relationships, project integrator and capital formation capabilities and Cybernetic Intelligence’s expertise in sovereign AI, we have the opportunity to pursue projects where the need for advanced nuclear power is tied to identifiable demand.”
"The opportunity in advanced nuclear now turns on execution. We must convert strong technology into financeable, buildable projects. That requires the right technology, customers, capital, regulatory strategy and development expertise in one place," said Michael W. Hewitt, Chief Executive Officer of IP3 Corporation. "NANO Nuclear brings deep expertise on advanced reactor technology and fuel capabilities to the table. Together we look forward to exploring projects across the infrastructure markets where energy security and resilience matter most."
“Compute sovereignty ultimately depends on energy sovereignty. As governments and critical industries deploy increasingly powerful AI systems, access to secure, dedicated and resilient power will become an increasingly important part of the infrastructure equation,” said Maxim Serezhin, Chief Executive Officer of Cybernetic Intelligence. “We believe advanced nuclear can play an important role in meeting that requirement. By bringing together Cybernetic Intelligence’s AI capabilities and vertically integrated compute systems, IP3’s infrastructure development expertise and NANO Nuclear’s advanced nuclear platform, this collaboration creates a compelling foundation to explore sovereign AI applications.”
The LOI, which was formally executed last month, represents a non-binding and non-excusive framework for exploration of opportunities among the parties. Any future projects remain subject to further diligence, applicable regulatory and governmental approvals, financing and the negotiation and execution of applicable definitive agreements.