New York, N.Y., Dec.

30, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”) , a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today reported its fiscal year end 2024 results and provided a corporate outlook. “Thanks to the support of our shareholders, collaborators, our world-class technical teams, executive advisory board filled with former national leaders and finally the U.

S. government, NANO Nuclear became among the great Wall Street stories of 2024. This year was a transformative year for our company and a testament to the evolution of the United States’ nuclear energy industry.

We have evolved quickly from a start-up to a growing enterprise seeking to develop, gain approvals for and ultimately commercialize vertically integrated cutting-edge nuclear technologies, all while expanding our presence as a leading advocate for the future of clean, sustainable energy,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy . “In just over seven months as a public company, we grew our current cash position to over $120 million and have positioned ourselves as one of the leaders in the advanced nuclear technology industry,” continued Mr. Yu .

“We have recruited former top government officials and notable scientists and engineers to join our team and to help drive our progress. We have pursued and signed numerous agreements and memoranda of underst.