NANO Nuclear Energy Inc.
Figure 1
NANO Nuclear Energy Corporate Representatives with Dioxitek S.A. Directors, including the Company’s General Manager Federico Ramos Napoli
New York, N.Y., Aug. 27, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has signed a Memorandum of Understanding (MOU) with Dioxitek S.A, an Argentinian nuclear fuel cycle and uranium dioxide production company and the country’s only feedstock manufacturer for nuclear fuel fabrication.
The MOU establishes a non-binding framework through which NANO Nuclear and Dioxitek will evaluate and assess the current capacities of uranium conversion to enrichment feedstock and its supporting infrastructure in Argentina. Informed by the results of this evaluation, NANO Nuclear and Dioxitek will investigate the feasibility of a further collaboration to support Argentina’s nuclear supply chain and peaceful use of nuclear energy by developing and enrichment production line in Dioxitek’s existing facility. As part of the nuclear fuel supply chain, uranium dioxide (called “yellowcake”) is converted into uranium hexafluoride (UF₆), the primary feedstock for enrichment into fuel.
Figure 1 – NANO Nuclear Energy Corporate Representatives with Dioxitek S.A. Directors, including the Company’s General Manager Federico Ramos Napoli
The United States and Argentina maintain a 123 Agreement for peaceful nuclear cooperation under the U.S. Atomic Energy Act of 1954. With its strategic uranium reserves, Argentina has a key opportunity to address the global UF₆ shortage by developing domestic conversion capabilities, and in turn reduce reliance on foreign suppliers. This MOU builds on NANO Nuclear’s recently established presence in Argentina, aligning with the country’s ongoing regulatory changes across key sectors of the nuclear supply chain. By deepening its involvement in the country, NANO Nuclear aims to contribute to Argentina’s evolving landscape and foster key long-term collaborations.
“Collaborating with Argentina’s Dioxitek marks a significant milestone for NANO Nuclear in South America and gives us access to real-world data with the potential to impact not only Argentina but the global nuclear fuel supply chain,” said Jay Yu, Founder and Chairman of NANO Nuclear. “Argentina’s significant policy changes have created new opportunities for collaboration, enabling NANO Nuclear to actively contribute to the advancement of Argentina’s expanding nuclear infrastructure and fuel cycle capabilities. We look forward to expanding our collaboration in pursuit of this shared vision.”