Nano Nuclear Energy Inc.

Greetings and welcome to the Nanonuclear Energy Third Fiscal Quarter Financial Results and Business Update Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone requires operator assistance during this conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Matt Barry, Director of Investor Relations and Capital Markets. You may begin.

Thank you, and good afternoon, everyone. Joining me on the call today are JU, Nanonuclear's founder, chairman, and president, our CEO, James Walker, and CFO, Jason Garcha. Please note that today's earnings release and slide presentation to accompany today's webcast are available on our website. Before moving ahead, I'll quickly address forward-looking statements made on this call. Listeners should note that today's presentation will contain certain forward-looking statements about nanonuclear's future plans and potential milestones that are made under the safe harbor provisions of the applicable federal securities laws. Words such as aim, may, could, should, seek, expects, intends, plans, believes, anticipates, hopes, estimates, goal, and variations of such words and similar expressions are intended to identify forward-looking statements. These statements are based upon many assumptions and estimates made by management, all of which are inherently subject to significant risks, uncertainties, and contingencies, many of which are beyond NANO's control. Many of these are shown on the slide you see here. Your caution that actual results, including without limitation, the results of our microreactor development activities, strategies, and other operational plans, including the results of our regulatory acquisition and research and development initiatives, as well as future potential results of operations or operating metrics and other matters about the future which may be discussed, may differ materially and adversely from those expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially include but are not limited to the risk factors and other disclosures contained in NANO's filings with the Securities and Exchange Commission, including the risk factors and other disclosures in our most recent Form 10-K and other filings with the SEC, including today's Form 10-Q filing, all of which are or will be accessible on the investor relations section of NANO's website as well as the SEC's website. We're encouraged to review these disclosures carefully, except to the extent required by law, Nano assumes no obligation to update statements as circumstances change. With that, I'll turn the call over to J.U., Nano's founder, chairman, and president.

Thank you, Matt, and thank you to everyone joining the call today. Nano Nuclear continues to benefit from the global nuclear renaissance driven by several long-term, sustainable growth trends and significant regulatory tailwinds. These include growth in AI data centers, industrial reshoring, and the broader electrification driving a significant need for clean and reliable power. Energy sustainability, energy independence, and climate mandates requiring reliable zero emissions energy. Unprecedented bipartisan legislative and policy support, and most importantly, broad recognition that advanced reactors will be crucial to future clean energy infrastructure. As we look at our competitive position in the advanced nuclear space, our January 2025 acquisition of Kronos MMR microreactor has accelerated our trajectory, positioning us as a North American leader in the race to microreactor commercialization. Our team continued to build upon a strong start to 2025 by delivering another solid quarter of progress. highlighted by several strategic milestones in advancing our Kronos MMR towards construction, demonstration, licensing, and deployment in the US and Canada. We're confident that Kronos' proven high-temperature gas reactor design, significant R&D investment by its previous owner, and numerous patents validate its high technology readiness level, differentiating it from our competition. We also continue to advance our commercially focused, vertically integrated strategy to de-risk micro-reactive development and deployment and enhance our competitive position. Before founding the company, our team spoke to key industry stakeholders at the DOE, NRC, and national labs, as well as leaders in various companies with exposure to the nuclear fuel cycle. Our conversations confirmed our belief that the next generation fuel will be significant bottleneck for advanced reactors. And having access to advanced fuel will be critical to successful development and deployment of our micro reactors. We've since entered in collaborations expanded our internal capabilities to address key bottlenecks, including enrichment and transportation of next generation fuel. And continue to evaluate attractive opportunities to further deep risks our fuel supply chain. Equally as important, more institutional investors are recognizing our long-term value proposition. As previously announced in late May, we closed on a private placement for net proceeds of $99 million, including primary participation for fundamental institutional investors. This private placement not only strengthened our balance sheet and expanded institutional ownership, But more importantly, it's enabling us to accelerate development of our Kronos MMR and take advantage of attractive opportunities to de-risk our nuclear fuel supply chain and deliver shareholder value. With a stronger balance sheet and growing support from long-term oriented institutional investors, we believe we're well positioned to capitalize on the broader macro trends driving demand for advanced nuclear solutions. I'd like to now provide more color around the secular tailwinds we're experiencing that shape our original vision, trends that are now increasingly recognized across both the industry and investment community. Nuclear energy has emerged as the leading alternative clean source of baseload power, well-positioned to deliver both reliable and zero carbon emission output. Our team identified early on that achieving net zero targets in many countries would be virtually impossible without significant expansion of nuclear capabilities. Fossil fuels such as natural gas, oil, and coal are capable of providing consistent base flow power. They can at times be constrained by geography due to the need for continuous refueling and are unable to meet the standards set by global climate mandates and decarbonization goals. Renewable sources like wind, solar, and hydroelectric will play an important role in the global energy transition. However, each faces its own limitations. The effectiveness is often geographically dependent on favorable natural conditions. And in this case of wind and solar, they struggle to provide stable and around the clock baseload power. More and more countries and companies are placing a premium baseload capable energy sources which offer a high capacity factor and are not dependent on local climate or geography, leaving nuclear energy as a clear winner. As a result, there is a growing global commitment amongst countries, leading institutions, and the world's largest energy users to triple nuclear capacity by 2050, solidifying growth in nuclear energy as a secular trend for the coming decades. Several of the world's largest tech leaders are rapidly expanding their nuclear energy capabilities to address their growing needs for scalability, clean and reliable baseload energy to enable projected growth in their AI data centers. Over the last 12 months, several major tech leaders announced substantial partnerships or plans to secure nuclear energy to support their data center projects, highlighting the importance of nuclear energy, empowering the future centered around AI. The combination of expected growth in AI data centers, the reshoring in industrial supply chains, and the electrification of various industries is prompting analysts to raise their projections for U.S. electricity consumption through 2030. Goldman Sachs projected demand for power to rise at approximately 2.4% between 2022 to 2030, a significant increase over the prior decade where U.S. power demand was essentially flat. Notably, more than a third of the expected increase through 2030 2030 was projected to be driven by data centers estimated to comprise 8% of the US power by 2030 versus 3% in 2022. The growing reliance on nuclear by major tech companies have reinforced the strategic importance, not just for clean energy, but for national competitiveness. Politicians at the highest level of the U.S. government has consistently agreed on the strategic importance of nuclear power in addressing national security, energy independence, climate goals, and global leadership in AI. This has resulted in nuclear energy emerging as one of the few topics that has garnered broad bipartisan support in Washington and notable achievements in today's polarizing political environment. Over the past seven years, nuclear energy has benefited from consistent legislative and executive support across both Republican and Democratic administrations, reflecting durable bipartisan recognition of the strategic importance. Legislative and executive actions have focused on streamlining regulatory processes, reducing licensing timelines and costs, establishing incentives for nuclear development and deployment, supporting the build-out of domestic fuel supply chain. and accelerating commercialization of advanced reactors through targeted initiatives. In May 2025, the Trump administration issued four executive orders representing an unprecedented level of federal support for nuclear energy, signaling a new phase of regulatory momentum. In addition to several actions aimed at accelerating the development and deployment of nuclear energy in the US, with a notable emphasis on the development of advanced nuclear technologies, The directive set a national objective to quadruple nuclear energy capacity by 2050. In combination with the strong foundation of bipartisan legislative and prior regulatory actions over the past several years, we believe these policy shifts are highly supportive of our strategy. And it will help accelerate development and deployment about micro reactors and nuclear fuel capabilities. As we look ahead, we have never been more excited for the future of our company and more confident we have the right team to execute our vision. Before turning over the call to our CEO, I'd like to provide some insight into nanonuclear's corporate culture, which we believe is helping to drive our efforts and accomplishments. For years, nuclear energy has been dominated by big energy players, big bureaucracy, and strong academic focus. We are now working to change this. We are now pursuing a commercially focused, vertically integrated strategy in a nimble and entrepreneurial way. We went public early to capture the industry's tailwinds. We saw and tapped into the public market enthusiasm rather than relying on government grants. We're relentlessly driven and we are laser focused on progressing our programs with a view to ultimately commercialize following regulatory licensing. Our team members who have joined us from government and academic roles find our approach motivating and very exciting. We believe this culture differentiates us from many of our competitors and is a competitive advantage in the micro reactor race. With that, I'll hand the call over to James Walker, our CEO, who will provide an update of our business and additional color around our strategy.