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| Period | Gross proceeds ($M) | Net proceeds ($M) |
|---|---|---|
| May 2024 IPO | 10.25 | 9 |
| May 2024 IPO over-allotment | 1.54 | 1.4 |
| Jul 2024 follow-on | 18 | 16.1 |
| Jul 2024 follow-on over-allotment | 2.7 | 2.5 |
| Oct 2024 follow-on | 36 | 32.3 |
| Oct 2024 follow-on over-allotment | 5.4 | 4.9 |
| Nov 2024 private placement | 60 | 55.1 |
| May 2025 private placement | 105 | 99 |
| Oct 2025 private placement | 400 | 378.5 |
| Jun 2026 ATM (first draws) | 26.75 | 25.6 |
| Period | Milestone | Printed detail |
|---|---|---|
| Dec 2024: USNC KRONOS assets | Bankruptcy-court sale approved | $8.5 million cash; KRONOS MMR and LOKI MMR IP and demo rights |
| Jan 2025: USNC close | KRONOS and LOKI assets closed | January 10, 2025; Chalk River CNSC application sits in Canadian assets subject to consents |
| Mar 2026: UIUC CPA filed | Construction permit application received by NRC | Dated March 27, 2026; ADAMS ML26090A463; U. of I. is the applicant |
| Apr 2026: NNE announces CPA | Company announcement of formal submission | April 2, 2026; Grainger College of Engineering at UIUC as partner |
| May 2026: NRC accepts CPA | Application accepted for docketed review | May 18, 2026; starts environmental, safety, and technical review |
| Jun 2026: NRC review schedule | Printed NRC timeline | EA in Q1 2027 (Spring 2027); safety evaluation in Q3 2027 (early Fall 2027) |
| Aug 2026: construction window | Company expectation, not a permit | Begin construction in the second half of 2027 if reviews complete; initial operation around 2030 |
| MD&A: FOAK cost estimate | Printed range, not spend to date | Around $300 million to $350 million per reactor for the UIUC full-scale prototype |
| Period | Program | Printed status |
|---|---|---|
| FY2026 Q3: KRONOS MMR | Stationary HTGR, TRISO fuel | Lead program; UIUC CPA accepted May 18, 2026; company targets commercial launch in the early 2030s |
| Jan 2025: LOKI MMR | Portable HTGR, TRISO fuel, space focus | Acquired with KRONOS from USNC on January 10, 2025 for $8.5 million cash (combined KRONOS and LOKI assets) |
| FY2026 Q3: ZEUS | Portable solid-core battery reactor | Described as ideal for military applications; not the CPA path |
| Mar to Nov 2026: ODIN | Pending sale | Definitive APA March 2026, amended June 2026, to Cambridge Atomworks (2024) Limited; close expected on or before November 30, 2026 |
| Period | Printed fact |
|---|---|
| Dec 2024: LIST DOE LEU award | LIST is prime contractor; NANO Nuclear is key subcontractor on DOE LEU Enrichment Acquisition Program |
| Fuel fabrication status (Jun 2026 10-Q) | No definitive launch agreement; company anticipates late 2026 or early 2027; no HALEU kg production printed |
| AFT HALEU basket | Exclusive licensee of a DOE-funded high-capacity HALEU transportation basket from INL, ORNL, and PNNL |
| May 22 2026: STS close | AFT bought 100% of STS; contractual consideration up to $13.0 million |
| May 22 2026: purchase consideration | $10.3 million (cash $6.0 million, stock $1.0 million, payable $3.3 million) |
| May 2026 PR: STS routes | More than 90% of active U.S. NRC-approved spent-fuel routes (company PR, not a tonne count) |
| CY2025: STS standalone revenue | Approximately $7.1 million audited revenue and $1.3 million net income (pre-acquisition STS, not NNE consolidated) |
| H1 2026: STS standalone revenue | Approximately $3.9 million unaudited (STS, not a full NNE consolidated half) |
| May 22 to Jun 30 2026: NNE consolidated revenue | $214,042 revenue and $151,831 cost of revenue; all from STS stub period |