Nano Nuclear Energy Inc.

Welcome to the Nanonuclear First Quarter 2026 Financial Results and Business Update Call. At this time, all participants are in a listen-only mode. Question and answer session will follow the formal presentation. If anyone should require operating assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host.

Thank you and good afternoon, everyone. Joining me on the call today are J.U., Nanonuclear's founder, chairman, and president, James Walker, our CEO, and Jason Garcha, our CFO. 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. As reflected in more detail on slide two, today's presentation contains forward-looking statements about Nano's future that are made under the safe harbor provisions of the applicable federal securities laws. You are cautioned that actual results, including without limitation the results of Nano's microreactor development activities, strategies, timelines, and other operational plans may differ materially and adversely from those expressed or implied by the forward-looking statements. Important risk and other factors that can cause actual results to differ from those in our forward-looking statements are contained in our filings with the SEC, including our annual report on Form 10-K filed this past December, which you are encouraged to review. The forward-looking information provided today is accurate only as of today, and Nano disclaims any obligation to update any information provided, except as required by law. With that, I'll turn the call over to GAU, Nano's founder, chairman, and president.

Thank you, Matt, and thank you, everyone, joining the call today. Nanonuclear continues to differentiate itself as a microreactor developer with a focus on vertical integration across the nuclear fuel supply chain. We are advancing our Kronos MMR, a high-TRL, high-temperature gas-cooled reactor design backed by decades of operating history and meaningful prior capital investments. which we believe can significantly de-risk future construction, licensing, and deployment. We expect a compact modular design of our Kronos MMR system to support factory fabrication, repeatable construction, and learnings that can accelerate deployment timelines and drive cost efficiencies over time. Importantly, we believe the inherent safety profile of our Kronos MMR can enable a smaller footprint, co-location, and off-grid deployment, unlocking high-value applications previously unavailable to traditional nuclear reactors. We pair this foundation with a focus on vertical integration across critical aspects of the nuclear fuel supply chain, which we believe will give us an advantage over our competitors. uniquely positioning us to expedite reactor deployment, benefit from growing nuclear renaissance, and enhance long-term economics of our reactors. Turning to our Q1 highlights, we continue to make meaningful progress across business during this quarter. Our Kronos MMR continues to advance towards licensing and construction. We completed site characterization and drilling at the University of Illinois, and are incorporating those results into our planned construction permit application to the U.S. Nuclear Regulatory Commission. We also signed a formal MOU with the Board of Trustees at the University of Illinois, detailing the next steps as we advance the project. The State of Illinois announced that we will receive $6.8 million in incentive awards, underscoring growing support for advanced nuclear technology. In Canada, we continue to make progress towards initiating formal licensing following our acquisition of Global First Power, now rebranded as True North Nuclear. And lastly, we're advancing discussions with numerous supply chain partners for key components and launch lead items, as well as discussions with commercial enrichment provider and Triso manufacturers to procure fuel for our first Kronos MMR prototypes. On the commercial side, we signed a feasibility study agreement with Bob Rupon to evaluate the potential deployment of many Kronos MMR systems to provide up to one gigawatt of power for their AI data center and manufacturing campus under development. We believe this announcement highlights the potential scalability of our platform for customers with significant energy needs. Nano is also expanding its pipeline of potential data center, industrial, and military customers interested in Kronos for a range of power needs. Nano saw a growing interest for potential strategic partners highlighted by a recent MOU with DS Stancic to explore localization, manufacturing, and deployment opportunities for Kronos' reactors in South Korea and the broader Asian region. DS Dansik is a leading South Korean industrial enterprise with extensive capabilities in energy, chemical processing, and advanced manufacturing, providing a strong platform to support commercialization of our technology. We also signed an MOU with MRSCO to explore integration of their EPC capabilities for deployments for our Kronos MMR systems on federal and commercial sites. These announcements reflect a broader trend of interest from strategic partners, including established companies with decades of experience with large-scale energy and industrial infrastructure projects who recognize the value proposition of Kronos. As it relates to our strategic focus on vertical integration, we also made progress towards expanding our conversion and transportation capabilities through active exploration partnerships and acquisitions. In addition, our strategic affiliate List Technologies received a key radioactive material license for Tennessee's demonstration facility, while also announcing plans to invest $1.38 billion over time to build a commercial enrichment facility in Oak Ridge, Tennessee, supported by its patented laser enrichment technology. Each of these announcements reinforced our progress in securing our nuclear fuel supply chain. From a financial perspective, we raised gross proceeds of $400 million through an October private placement, significantly strengthening our balance sheet and extending our operational runway. This capital raise included participation from a growing base of institutional investors, reflecting increased confidence in our strategy and execution. We were also added to the Morgan Stanley National Security Index, further expanding our visibility among institutional investors. Our Q1 progress reflects our continued execution, advancing chronos towards licensing, construction, expanding commercial traction, working to expand our vertical integration across the nuclear fuel supply chain, and maintaining our strong financial position to support execution of our long-term strategy. We believe our progress to date differentiates technology and strategy have positioned us to be a key benefactor of the global nuclear renaissance driven by several durable secular growth trends. These include growth in demand and reliable baseload energy for AI data centers, industrial reassuring, and a broader electrification, energy sustainability, independence, and climate mandates, and unprecedented policy support. Recent developments in the U.S. power markets are bringing increased focus on each of these trends. Electricity demand tied to AI data centers and other Power-intensive applications is expanding faster than the new generation and transmission can be delivered, raising concerns around power availability, grid expansion, and energy affordability. In January, the administration supported an emergency auction organized by the largest regional grid operator. aimed at driving 15-year power purchase agreements to fund an estimated $15 billion of new generation. This same grid operator is also considering co-location generation policies to help large energy users bring supply closer to demand. While these actions are important and reflect a growing recognition of current power bottlenecks, They alone are unlikely to close the structural gap between demand, growth, and reliable supply. Against that backdrop, we believe assets capable of delivering high uptime, long-term cost certainty, and operational resilience independent of constrained grid infrastructure are likely to command a meaningful premium in the future. We view our Kronos MMR as an ideal future solution to address These challenges which are expected to intensify in the years ahead. By offering the potential to provide behind-the-meter or off-grid baseload power directly to the end users and customers, we can help meet expected demand growth without driving higher costs for everyday Americans. In short, the recent actions across the country are reinforcing the need for global nuclear renaissance, and highlighting what we have long believed. Reliable, clean baseload energy is a strategic necessity, and we are building our Kronos MMR as a next-generation solution aligned with national priorities, customer needs, and long-term economics of the AI-driven energy future. Before handing the call over to our CEO, James, I'll briefly highlight why we view 2026 as an important year with multiple potential catalysts offering the opportunity to create shareholder value. First, we expect progress towards regulatory licensing of Kronos in the U.S. and Canada. We are targeting submission of a construction permit application to the NRC in the coming months to formally begin the U.S. licensing process. This submission will represent a key milestone that could set the stage for initial construction at the University of Illinois in mid to late 2027. Second, we see potential for several commercial announcements this year, reflecting growing interest in our Kronos MMR from customers in several markets. Third, we're advancing discussions on commercial partnerships and acquisition opportunities across nuclear fuel supply chain, providing the potential to address key bottlenecks in areas like conversion and fuel transportation. And lastly, we expect additional progress for strategic partnerships that could accelerate and de-risk large-scale deployment of our reactors, while also significantly expanding commercial opportunities globally. With that, I'll turn the call over to James.