Nano Nuclear Energy Inc. (NASDAQ:NNE) on Tuesday announced the signing of a Memorandum of Understanding with DS Dansuk Co., Ltd., a publicly listed South Korean industrial company, to cooperate on the development, localization, and deployment of micro modular reactor systems in South Korea.
The non-binding MOU establishes a formal collaboration framework intended to connect Nano Nuclear with South Korea’s industrial base, regulatory institutions, and regional networks. The partnership centers on advancing Nano Nuclear’s microreactor designs, including the KRONOS MMR Energy System, a stationary high-temperature gas-cooled reactor.
Role of DS Dansuk
DS Dansuk is expected to serve as Nano Nuclear’s primary local industrial coordinator in South Korea, supporting site identification, supply chain localization, regulatory engagement, and institutional partnerships. The company brings established capabilities across energy, chemical processing, advanced manufacturing, and industrial services, along with longstanding relationships within South Korea’s industrial ecosystem.
Han Seung-uk, Chair of DS Dansuk, said, “This agreement with Nano Nuclear Energy (NNE), which is unrivaled in next-generation reactor technology, will be an important turning point in implementing carbon-neutral solutions.”
Supporting Industrial Nuclear Deployment
The MOU aligns with South Korea’s emerging “One Factory, One MMR” concept, which envisions colocating nuclear microreactors at industrial sites to provide continuous, carbon-free power without stressing the national grid. The companies plan to work together on adapting the KRONOS design for Korean applications, developing licensing pathways, identifying pilot sites, and establishing localized manufacturing and workforce training.
Gateway to Asia
Jay Yu, President and Chairman of Nano Nuclear Energy, said the partnership provides critical industrial and regulatory access as the company expands in Asia, adding, “This MOU opens doors that would otherwise take years to unlock.”
The agreement is structured as a non-exclusive, non-binding framework that may lead to project-specific definitive agreements, while allowing each company to retain its intellectual property and commercialization rights.
NNE Price Action: Nano Nuclear Energy shares were down 1.20% at $33.06 at the time of publication on Tuesday, according to Benzinga Pro data.
Image by Piotr Swat via Shutterstock
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