Mentioned:
The public markets just can’t get enough of nuclear energy companies.
What’s happening:
- NANO Nuclear Energy (NASDAQ: NNE) has raised $60M USD in a new financing round
By the numbers:
- The $60M USD financing round was funded entirely by 3 institutions
- After only 6 months of being a publicly listed company, NANO Nuclear Energy has built a cash position of approximately $125M USD
Why it matters:
- NANO Nuclear Energy has been making a flurry of moves to accelerate innovative nuclear power technology, including previously entering into a partnership to power data centres with small modular reactors
Going deeper:
- The momentum around publicly traded nuclear energy companies has continued to be relentless, with recent large scale deals being cut by Oklo (NYSE: OKLO) and ASP Isotopes (NASDAQ: ASPI)
The intrigue:
- NANO Nuclear Energy just recently made a strategic investment into uranium enrichment startup LIS Technologies which uses laser isotope separation technology to separate selected isotope molecules in uranium
