New York, N.Y., Oct. 28, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and micro modular reactor technology company focused on developing clean energy solutions, today announced that it has rebranded its Canadian business as True North Nuclear Inc. following the Company’s recent acquisition of Global First Power Limited (GFPL).
Figure 1 – NANO Nuclear Energy Rebrands its Canadian KRONOS MMR™ Business as True North Nuclear Inc. As it Seeks to be the Leading North American Advanced Nuclear Modular Microreactor Developer.
True North Nuclear’s principal efforts will be towards constructing, demonstrating and seeking Canadian regulatory approval for NANO Nuclear’s KRONOS MMR™ Energy System project in Canada.
“This rebranding reflects our identity as the emerging leader in advanced microreactor development across the United States and Canada,” said Jay Yu, Founder and Chairman of NANO Nuclear. “It also underscores NANO Nuclear’s commitment to positioning North America as a center of innovation for the development and commercialization of next-generation nuclear energy technologies, ensuring a resilient and reliable energy foundation for future generations.”
Through True North Nuclear, NANO Nuclear is moving to advance immediately towards submission of a License to Prepare Site (LTPS) with the Canadian Nuclear Safety Commission for the KRONOS MMR™ Canadian project. This submission will build on the successful completion of the Vendor Design Review and previous submission of the first part of the LTPS by GFPL.
These efforts are being undertaken in parallel with NANO Nuclear’s ongoing pre-construction work for a KRONOS MMR™ research prototype on the campus of the University of Illinois Champaign-Urbana (UIUC), positioning the Company to advance construction, demonstration and regulatory licensing efforts in both the U.S. and Canada. NANO Nuclear plans to submit a construction permit application to the U.S. Nuclear Regulatory Commission for the KRONOS MMR™ UIUC project in the first quarter of 2026.
“Building on our momentum in the United States, True North Nuclear will fully leverage Canada’s supportive framework for nuclear microreactor development,” said James Walker, Chief Executive Officer of NANO Nuclear. “Expanding into Canada marks an important milestone that enables us to advance our development and licensing activities in parallel across both countries, reinforcing North America’s clean energy objectives. We look forward to sharing continued progress as these initiatives move forward.”
“True North Nuclear is a critical component of our strategy to lead the development of advanced nuclear microreactor technologies throughout North America,” said Florent Heidet, Ph.D., Chief Technology Officer and Head of Reactor Development of NANO Nuclear. “The Canadian government has taken meaningful steps to foster innovation within its nuclear sector, and integrating True North Nuclear under NANO Nuclear’s umbrella will allow us to focus time and resources as we advance the construction, licensing, and eventual adoption of the KRONOS MMR™ Energy System across the region.”