Nano Nuclear Energy Inc.

Greetings and welcome to the Nanonuclear Fiscal Year 2025 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 should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Matthew Barry, Director of Investor Relations and Capital Markets.

Thank you and good afternoon, everyone. Joining me on the call today are J.U., NanoNuclear's founder, chairman, and president, our CEO, James Walker, and CFO, Jason Garcha. Please note that today's press release and slide presentation to accompany this 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 goals 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, project, expect, intend, plan, believe, anticipate, hope, estimate, 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 NANO's microreactor development activities, strategies, and other operation plans, including the results of our regulatory acquisition and research and development initiatives, as well as future potential results of operations, operating metrics, addressable market, 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 NANOS filings with the Securities and Exchange Commission, including the risk factors and other disclosures in our Form 10-K filed today, and our other filings with the SEC, all of which are or will be accessible on the investor relations section of NANO's website as well as the SEC's website. You'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. I'll begin the call with a high-level overview of the major trends shaping the advanced nuclear market and then highlight the meaningful progress we made in 2025. Nanonuclear has worked to position itself at the center of a global nuclear renaissance. This is driven by several durable long-term trends, including growing demand for reliable baseload energy, climate mandates and energy independence, and global support for nuclear energy. First, we are seeing a significant need for reliable baseload power to enable the rapid growth of AI data centers, industrial reassuring, and broader electrification. AI data centers are projected to be a primary driver of the continued surge in electricity demand. For more than two decades, U.S. power demand grew below 1% per year. According to the recent grid strategies report, some estimates call for electricity usage to increase by 5% to 6% annually over the next five years. And data centers alone could account for more than half of that growth. Meeting this level of demand could require U.S. power sector to plan and build new generation transmission capacity at more than six times the pace of recent years. Also, it is not just the scale expected demand that's important, but the type of demand that's coming online. The grid strategies report highlights that the next wave of demand is projected to run at load factors close to 96% compared to system-wide average of about 60% today. Over the past year, several major tech leaders have taken concrete steps to secure dedicated nuclear capacity for their data centers. Whether it's new PPAs at existing nuclear plants or collaborations with advanced reactor developers, these actions reflect a clear recognition that meeting future AI data centers needs require firm, always available power, a role nuclear is uniquely suited to fill. And equally as important, a lack of sufficient transmission infrastructure is expected to constrain the grid's capacity to meet forecasted power. With even conservative growth estimates expected to require substantial grid expansion, all of this represents a fundamental shift that is placing an even greater emphasis on scalable and constant sources of baseload power that can operate independently from grid constraints. This is exactly where micro reactors offer a compelling advantage. Second, energy sustainability, energy security and climate related mandates continue to increase demand for clean energy requirements that intermittent sources alone cannot meet. As a result, there is a growing global commitment among nations, leading institutions, and the world's largest energy uses to triple nuclear capacity by 2050, solidifying growth in nuclear energy as a secular trend for the coming decades. Third, we continue to benefit from the unprecedented bipartisan policy support for nuclear energy in the United States and the growing global support. This is supporting expansion of nuclear capacity while also accelerating development of advanced reactors like ours. President Trump's four executive orders that may further enhance federal support for nuclear energy. And since then, we've seen a series of concrete federal actions that are building upon the administration's executive orders. First, the U.S. Army's Janus program creates a defined near-term pathway for the U.S. Army to deploy microreactors later this decade, which bodes well for Nano's opportunities for military applications. Second, the Genesys mission executive order supports several of the administration's high strategic priorities, AI leadership, national security power needs, and energy dominance. priorities that can be enhanced by microreactors. And third, the creation of a Nuclear Fuel Cycle Defense Production Act Consortium supports the reestablishment of domestic nuclear fuel supply chain, which could support our strategic efforts in areas like conversion and enrichment. The rapid progress we've made this year have been accelerated by these regulatory tailwinds, which continue to strengthen demand for advanced nuclear reactors. fiscal year 2025 was a transformative year for nano marked by discipline execution across several parts of our business we've advanced the chronos mmr energy system meaningfully from acquiring the asset out of bankruptcy to securing our strategic collaboration with the university of illinois achieving important nrc milestones and completing the necessary site characterization and drilling work for our Plan Q1 of 2026 construction permit application with the NRC. We also made significant progress towards resuming formal licensing activities with the Canadian Nuclear Safety Commission through the acquisition of Global First Power, which has since been rebranded as True North Nuclear. During the year we strengthen our company with key corporate milestones, including the acquisition of our old broke engineering and demonstration facility securing incentives from the state of Illinois. Expanding our executive and technical teams and simplifying our micro reactor portfolio with a letter of intent to sell odin designed to Cambridge Adam works for $6.2 million. On the fuel cycle front, we've made significant progress de-risking our supply chain through our strategic collaboration and investment in our affiliate list technologies. Our addition with our affiliate list technology to the DOE's LEU acquisition program and developing our own conversion capabilities. Financially, we remain well capitalized, raising over 600 million since our May 2024 IPO with growing support from institutional investors and numerous index inclusions. And importantly, we continue to expand our pipeline of commercial opportunities. We executed a feasibility study agreement with by Rupon to evaluate up to one gigawatt of power with our Kronos MMR. We secured the F-Work Direct to Phase 2 contract to conduct a feasibility study to a site, Kronos MMR, at the joint base on Ecosia Bowling, and also grew our pipeline of potential customers through ongoing discussions with potential data centers, industrial and defense customers. I could not be more proud of our progress our team has made over the last year. We're more excited to continue executing our strategy. With that, I'll hand over the call to James Walker, our CEO, who will discuss our differentiated strategy, the value proposition of our technology, and provide an update on the recent development and commercial progress.