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NANO Nuclear Expands Presence in Argentina by Signing Memorandum of Understanding with Dioxitek S.A., Argentina's Only Uranium Feedstock Manufacturer for Nuclear Fuel Fabrication, to Explore Opportunities in the Nuclear Fuel Supply Chain
New York, New York--(Newsfile Corp. - August 27, 2025) - NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or "the Company"), a leading advanced nuclear
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[{"type":"text","content":"New York, New York--(Newsfile Corp. - August 27, 2025) - NANO Nuclear Energy Inc. (NASDAQ: NNE) (\"NANO Nuclear\" or \"the Company\"), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has signed a Memorandum of Understanding (MOU) with Dioxitek S.A, an Argentinian nuclear fuel cycle and uranium dioxide production company and the country's only feedstock manufacturer for nuclear fuel fabrication.\nThe MOU establishes a non-binding framework through which NANO Nuclear and Dioxitek will evaluate and assess the current capacities of uranium conversion to enrichment feedstock and its supporting infrastructure in Argentina. Informed by the results of this evaluation, NANO Nuclear and Dioxitek will investigate the feasibility of a further collaboration to support Argentina's nuclear supply chain and peaceful use of nuclear energy by developing and enrichment production line in Dioxitek's existing facility. As part of the nuclear fuel supply chain, uranium dioxide (called \"yellowcake\") is converted into uranium hexafluoride (UF₆), the primary feedstock for enrichment into fuel.\n\nFigure 1 - NANO Nuclear Signs Memorandum of Understanding (MOU) to Evaluate Argentina's Existing Uranium Conversion Infrastructure with Dioxitek S.A.\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/11703/264068_47ba22c254664903_003full.jpg\nThe United States and Argentina maintain a 123 Agreement for peaceful nuclear cooperation under the U.S. Atomic Energy Act of 1954. With its strategic uranium reserves, Argentina has a key opportunity to address the global UF₆ shortage by developing domestic conversion capabilities, and in turn reduce reliance on foreign suppliers. This MOU builds on NANO Nuclear's recently established presence in Argentina, aligning with the country's ongoing regulatory changes across key sectors of the nuclear supply chain. By deepening its involvement in the country, NANO Nuclear aims to contribute to Argentina's evolving landscape and foster key long-term collaborations.\n\"Collaborating with Argentina's Dioxitek marks a significant milestone for NANO Nuclear in South America and gives us access to real-world data with the potential to impact not only Argentina but the global nuclear fuel supply chain,\" sai...