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NANO Nuclear Energy Inc. (NNE) Stock Surges as Drilling Begins for First KRONOS MMR Energy System

NANO Nuclear Energy Inc. (NNE) Stock Surges as Drilling Begins for First KRONOS MMR Energy System

Author:

Global Cryptocurrency

Published:

2025-10-24 19:01:02

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BTCCSquare news:

NANO Nuclear Energy Inc. (NASDAQ: NNE) saw its stock surge 9.37% to $42.49 at market close on October 23, 2025, followed by a 5.44% pre-market gain to $44.80. The rally was triggered by the commencement of drilling for the company's first KRONOS MMR™ Energy System prototype at the University of Illinois Urbana-Champaign.

The project, a collaboration with infrastructure leader AECOM, marks a critical step toward commercial deployment of the 15 MWe microreactor. NANO Nuclear plans to submit a construction permit application by early 2026, positioning itself as a pioneer in compact nuclear energy solutions.

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