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NANO Nuclear Energy Purchases Facility in Oak Ridge, Tennessee to Establish its Nuclear Technology Headquarters
14,000 sq. ft. Facility on 1.64-acres in Heritage Center Industrial Park Purchased for $1.71 Million New York, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- NANO
About this update from Nano Nuclear Energy Inc.
[{"type":"text","content":"14,000 sq. ft. Facility on 1.64-acres in Heritage Center Industrial Park Purchased for $1.71 Million New York, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear”), a vertically integrated advanced nuclear energy and technology company developing portable clean energy solutions, today announced that it has purchased a 1.64-acre land package in the historic Heritage Center Industrial Park in Oak Ridge, Tennessee. The purchase includes a 14,000 sq. ft., 2-story building to house NANO Nuclear’s Nuclear Technology Headquarters. Situated in a world-class location for innovative nuclear technology research and development, this facility will serve as the central hub for NANO Nuclear’s advanced nuclear technology design and engineering capabilities. The Nuclear Technology Headquarters is near the Oak Ridge National Laboratory, the Spallation Neutron Source, the National Transportation Research Center, and The University of Tennessee's Center of Excellence in Engineering. NANO Nuclear expects to grow the number of personnel working at the facility over the next year and expects to ultimately employ up to 30 personnel at the facility. Figure 1 - NANO Nuclear Energy Senior Leadership Commemorate the Purchase of its Nuclear Technology Headquarters in Oak Ridge, Tennessee. (Left to Right) Head of Nuclear Regulatory Licensing, David Tiktinsky; Head of Nuclear Laboratory and Technologies, Jeffrey L. Binder, Ph.D.; CEO, Head of Reactor Development & Board Member, James Walker; Chief Financial Officer Jaisun Garcha; Founder and Chairman, Jay Yu; VP of International Business Oscar Leandro. “Our company is moving forward every day to make progress on the goal of bringing our advanced portable micronuclear reactors and other technology from design and testing, through regulatory licensing and ultimately to market. Establishing our Nuclear Technology Headquarters is a critical milestone in this journey, and we are particularly honored to build our technology home where America's nuclear journey began,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “Oak Ridge, particularly the land at the heart of the Heritage Center, has been the site of numerous groundbreaking advancements in nuclear energy, including some of the first uranium enrichment plants, the innovative liquid thermal diffusion plant, a...