Nano Nuclear Energy Inc.

Greetings and welcome to the Nanonuclear Q2 2026 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 your host, Matthew Barry. Thank you. You may begin.

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. Your caution that actual results, including without limitation the results of NANA's microreactor development activities, our plans for vertical integration, other strategies and plans, timelines for achieving goals, and other matters related to our future operations may differ materially and adversely from those expressed or implied by the forward-looking statements. Important risks and other factors that could 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're 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 JEU Nano's founder, chairman, and president.

Thank you, Matt, and thank you, everyone, for joining the call today. Nanonuclear remains well-positioned as a leading micro-reactor developer focused on vertical integration across key aspects of the nuclear fuel cycle, and we're delivering against the key strategic milestones we've outlined over the past several quarters. Our PRONOS MMR is a high-TRL, high-temperature gas-cooled reactor designed backed by nearly a decade of investment and development. and decades of high-temperature gas-cooled reactor operating history. These advantages position us with a high degree of design maturity, underpinning our ability to advance chronos towards construction, licensing, and commercialization. Our confidence was recently validated by the formal submission of a construction permit application to the USNRC under Part 50 by the University of Illinois. The submission for our Kronos MMR deployment on the University of Illinois campus required years of pre-licensing activities, thousands of pages of technical documentation, and several months of pre-application engagement with the NRC. As a result, Nano became one of only a handful of Generation 4 advanced reactor developers to reach this stage, and the first commercially ready microreactor to submit a CPA to the NRC, reflecting the maturity of Kronos MMR's design, the growth and expertise of our team, and our strong position as a leading microreactor developer. Alongside our well-established technical foundation, our Kronos MMR system also offers several advantages in its design and deployment profile. First, we expect a small size and our design philosophy to enable factory fabrication, repeatable construction, and learnings that can accelerate deployment timelines and drive economies of scale. Second, Kronos benefits from a superior safety profile as a high-temperature gas-cooled reactor using helium and inert gas as a coolant and trisofuel. which is engineered to retain fission products at extremely high temperatures. This safety profile is expected to enable a favorable footprint that's ideal for co-location and off-grid deployment, unlocking high-value applications previously unavailable to traditional nuclear. And third, kernels can leverage LEU plus field that is commercially available today, supporting our ability to deploy at scale while maintaining the flexibility to use HALU fuel once commercially available. We pair this foundation with a focus of vertical integration across critical aspects of the nuclear fuel cycle, which we expect to provide an advantage versus our competitors, positioning us to accelerate reactor deployment, enhance long-term economics, of our reactors and benefit as a key supplier to the industry. Our progress to date differentiated technology and strategy to have positioned us to be a key beneficiary of global nuclear renaissance. Electricity demand tied to AI data centers and other power-intensive applications is expanding faster than the new generation and transmission can be delivered. creating rising concerns around power availability, grid expansion, and energy affordability. Expected demand will require additional grid independent energy sources capable of delivering high uptime and resiliency. And at the same time, climate mandates and decarbonization goals are driving preference for clean energy. In this environment, advanced reactors like our Kronos MMR are best positioned to address these high-value challenges, driving unprecedented bipartisan supports in the U.S. and growing support globally. We're continuing to see strong policy momentum supporting advanced nuclear deployment and development in the U.S., most notably progress towards establishing a new risk-informed NRC licensing pathways under Part 53 and recently proposed Part 57 framework are expected to significantly streamline licensing for microreactors like Kronos. Part 53 is designed to provide a more flexible performance-based framework tailored to non-light water technologies, while Part 57 intends to enable a highly streamlined pathway for lower-risk standardized microreactive designs, including features such as a combined or closely aligned construction and operating license processes, reduce review scope, and fleet-wide standardization benefits. In parallel, the establishment of the Defense Production Act Nuclear Fuel Consortium to strengthen the domestic capabilities could help accelerate our vertical integrated strategy across the nuclear fuel cycle. And we also see potential benefits from initiatives like the Genesis mission and federal actions related to nuclear power for space. Taken together, we're confident our Kronos MMR system is competitively well positioned to deliver reliable base load power across a range of applications and benefit from increasingly supportive policy backdrop. I'll now highlight several recent milestones and provide an overview of additional potential milestones in the coming quarters. Last quarter, we outlined four potential catalysts offering the opportunity to drive shareholder value, regulatory advancement, commercial progress, expansion of our vertical integration across the nuclear fuel supply chain, and strategic partnerships. And we've made strong progress in each during our second quarter. First, the recent CPA submission to the USNRC for our full-scale prototype at the University of Illinois represented a substantial milestone, validating our design maturity and offering the potential for initial construction activities to begin in mid to late 2027. Second, we completed the feasibility study evaluating our Kronos MMR providing up to one gigawatt of power to Bar-Rupon's AI data center and manufacturing campus in Texas. As a result, our Kronos MMR solution is designed to reach their desired one gigawatt needs in stages over time. And we're now advancing work on project timelines and licensing. We also continue to see potential for additional commercial announcements in the coming quarters as our pipeline of opportunities continues to grow. Third, we're advancing M&A and partnership discussions focused on commercial opportunities across the nuclear fuel supply chain, including areas like nuclear fuel transportation and fuel supply chain facilities. And we're in late stage discussions for one such opportunity. And equally as important, we're advancing discussions around strategic partnerships we believe can accelerate and de-risk large-scale deployment of our reactors. Our recent MOU with Supermicro represents an important step towards aligning advanced nuclear power with next-generation AI and data center infrastructure. by exploring opportunities for our Chronos MMR solution to pair with one of the leading providers of high-performance computing and liquid-cooled data center systems. Our recently announced collaboration with EHC Investment also reflects this strategy, creating a path toward a joint venture in the UAE with a partner that brings strong regional presence, decades of experience with large-scale energy infrastructure projects, and in-house EPC capabilities. Furthermore, our collaboration with DS Stancic represents an important step towards supporting Kronos deployment and localization efforts in South Korea. including the potential development of a reactor core manufacturing facility and component production capabilities within one of the world's most advanced nuclear industrial markets. With that, I'll turn the call over to our CEO, James Walker.