NANO Nuclear Energy Management

Management criteria checks 2/4

NANO Nuclear Energy's CEO is James Walker, appointed in Jun 2022, has a tenure of 4.08 years. directly owns 1.07% of the company’s shares, worth $8.65M. The average tenure of the management team and the board of directors is 4.1 years and 3.5 years respectively.

Key information

James Walker

Chief executive officer

US$9.3m

Total compensation

CEO salary percentage	n/a
CEO tenure	4.1yrs
CEO ownership	1.1%
Management average tenure	4.1yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

Narrative Update • Jul 15

NNE: KRONOS Microreactor Progress And UAE Talks Will Drive Future Upside

The analyst price target for NANO Nuclear Energy has been reset from $46.67 to $41.40, as analysts weigh the mix of very large modeled revenue growth, a lower implied future P/E, and differing views on early stage project execution reflected in recent Hold and Buy initiations. Analyst Commentary Recent research on NANO Nuclear Energy highlights a split view among analysts, with some focused on the long runway for growth in micro modular reactors and others emphasizing execution risk and the gap between current valuation and long dated project timelines.

New Narrative • Jul 15

Licensing Delays And Capital Needs Will Test Nuclear Microreactor Ambitions Over Time

Catalysts About NANO Nuclear Energy NANO Nuclear Energy is working to develop and commercialize compact microreactors and vertically integrated nuclear fuel cycle capabilities. What are the underlying business or industry changes driving this perspective?

Seeking Alpha • Jun 22

Update On NANO Nuclear Energy: An Attractive Takeover Candidate

Summary NANO Nuclear Energy Inc. is reiterated as a Strong Buy, with expectations of new all-time highs and compelling M&A potential. NNE's innovative microreactor technologies, strong patent portfolio, and robust cash position underpin its attractiveness amid surging AI-driven energy demand. After a 69% correction from October 2025 highs, NNE appears to have bottomed, showing bullish consolidation and consistent earnings beats despite ongoing losses. With a $1.47 billion market cap, low debt, and minimal overhead, NNE remains a prime acquisition target for cash-rich technology companies seeking energy solutions. Read the full article on Seeking Alpha

Analysis Article • Jun 19

NANO Nuclear Energy (NNE) Stock Could Be 39.6% Undervalued After NRC Permit Progress

Recent attention on NANO Nuclear Energy (NNE) has been driven by Roth Capital’s new coverage and the U.S. Nuclear Regulatory Commission’s acceptance of the company’s construction permit application for its KRONOS microreactor. See our latest analysis for NANO Nuclear Energy. For context, NANO Nuclear Energy’s share price has moved sharply in the short term, with a 1 day share price return of 11.46%, a 7 day return of 21.70% and a 90 day return of 33.70%. The 1 year total shareholder return is...

New Narrative • Mar 05

Long-Term AI Power Demand And Fuel Integration Will Support This Nuclear Microreactor Opportunity

Catalysts About NANO Nuclear Energy NANO Nuclear Energy is developing compact microreactors and building capabilities across the nuclear fuel supply chain to serve power intensive customers. What are the underlying business or industry changes driving this perspective?

Seeking Alpha • Apr 01

NANO Nuclear Energy: A Long-Term View On The Innovator To Disrupt The Industry In 2030

Summary I rate NANO Nuclear Energy Inc as a hold due to its reliance on accessing additional working capital amidst ongoing financial strain and deficits. Despite liquidity issues, NNE shows bullish potential with increased R&D spending, strategic appointments, and a focus on microreactor technology commercialization by 2030. NNE's high debt-to-equity ratio of 1.45 and significant cash burn highlight financial risks, necessitating cautious optimism and a hold rating. Investment risks include intense competition, financial strain, and potential regulatory delays, which could impact the company's 2030 commercialization goals. Read the full article on Seeking Alpha

Seeking Alpha • Feb 18

NANO Nuclear: 5 Things To Know Before Investing

Summary NANO Nuclear has seen an eye-popping price increase since listing last year and continues to make strong gains in 2025 too. Its USP is micro-reactors, which offer several advantages over more conventional ones and in recognition of these, have received US government support as well. Despite strong investor interest and ample liquidity, NANO Nuclear's case is weak for the short to medium term, going by its high market multiples compared to peers. However, Long Term Tips still sees much potential in NNE from the long-term perspective, prompting a Buy rating on the stock. Read the full article on Seeking Alpha

Seeking Alpha • Dec 08

NANO Nuclear Energy: A Pre-Revenue Play That Could Either Boom Or Burst

Summary NANO aims to launch its two microreactors, Zeus and Odin, by 2030-2031, with some earlier revenue expected from nuclear consulting, HALEU fuel transportation, and non-TRISO HALEU fuel production. I believe the 8x price surge since its IPO to $26.6 is purely speculative, making me quite cautious about potential profit-taking waves similar to the June-August pullback. I expect significant cash burn beyond the current $2.54M quarterly rate as the company develops its multiple business lines simultaneously, in addition to its R&D costs. The data center market presents extraordinary potential for the company, with power demand projected to increase from 460TWh to 1,050TWh by 2026 alone. Overall, I see strong potential in their strategic positioning, particularly for powering data centers, but I prefer waiting for concrete operational progress before starting a speculative position. Read the full article on Seeking Alpha

CEO

James Walker (43 yo)

4.1yrs

Tenure

US$9,281,438

Compensation

Mr. James Walker, B.E, M.Sc. CEng. CPhys, BEng, PEng serves as the Chief Executive Officer and Director of NANO Nuclear Energy Inc. since June 2022 and was its Head of Reactor Development since 2024. He se...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jiang Yu	Founder	4.5yrs	US$11.16m	0% $ 0
James Walker	CEO, Interim Head of Reactor Development & Director	4.1yrs	US$9.28m	1.07% $ 8.7m
Jaisun Garcha	Chief Financial Officer	4.5yrs	US$5.06m	0.66% $ 5.4m
Darlene DeRemer	Executive Director of Corporate Finance	no data	no data	no data
Matthew Barry	Director of Investor Relations	1.1yrs	no data	no data
Josey Widhalm	Office Director & Marketing Manager	no data	no data	no data
Oscar Leandro	Vice President of Corporate Development	no data	no data	no data
Diana Chung	Director of Human Resources	no data	no data	no data
Massimiliano Fratoni	Senior Director & Head of Reactor Design	2.1yrs	no data	no data
Khun Chow	Chief Policy Officer	4.5yrs	US$141.06k	0.58% $ 4.7m
Peter Hosemann	Head of Nuclear Reactor Design & Materials	no data	no data	no data
Robert Gallucci	Chairman of the Executive Advisory Board for Nuclear Policy	3.5yrs	no data	no data

4.1yrs

Average Tenure

46.5yo

Average Age

Experienced Management: NNE's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jiang Yu	Founder	4.5yrs	US$11.16m	0% $ 0
James Walker	CEO, Interim Head of Reactor Development & Director	4.1yrs	US$9.28m	1.07% $ 8.7m
Robert Gallucci	Chairman of the Executive Advisory Board for Nuclear Policy	3.5yrs	no data	no data
Wesley Clark	Chairman of Executive Advisory Board for Military and Defense	3.5yrs	no data	no data
Ruth Jin	Chair of Executive Advisory Board for Corporate Governance	3.5yrs	no data	no data
Lassina Zerbo	Chairman of the Executive Advisory Board for Africa	4.5yrs	no data	no data
Terry Robling	Chair of Executive Advisory Board - Federal & Defense Appropriations & Requirements	1.9yrs	no data	no data
Daniel Donovan	Chairman of the Executive Advisory Board for Market Intelligence	1.9yrs	no data	no data
James Perry	Chairman of Executive Advisory Board	1.1yrs	no data	no data
Charles Leidig	Chairman of Executive Advisory Board for Naval Nuclear Initiatives	1yr	no data	no data
Tsun Law	Independent Director	4.5yrs	US$250.75k	0.15% $ 1.2m
Diane Hare	Independent Director	3.3yrs	US$250.75k	no data

3.5yrs

Average Tenure

62yo

Average Age

Experienced Board: NNE's board of directors are considered experienced (3.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/26 08:35
End of Day Share Price	2026/07/24 00:00
Earnings	2026/03/31
Annual Earnings	2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NANO Nuclear Energy Inc. is covered by 6 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Legg	Benchmark Company
Subhasish Chandra	Benchmark Company
Gregory Lewis	BTIG

NANO Nuclear Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Nano Nuclear Energy Announces Management Changes

Founder notifies of intention to sell stock

Nano Nuclear Energy Inc. Announces Appointment of Roy A. Boyd II as an Executive Officer, Effective May 22, 2026

CEO & Director notifies of intention to sell stock

NANO Nuclear Energy Inc. Appoints Michael Montecalvo as Licensing Director

Independent Director exercised options and sold US$514k worth of stock

Recent updates

NANO Nuclear Advances KRONOS MMR Design as NRC Accepts Construction Permit Application

NANO Nuclear Energy CEO Joins Virginia Consortium Board for Advanced Nuclear Projects

NNE: KRONOS Microreactor Progress And UAE Talks Will Drive Future Upside

Licensing Delays And Capital Needs Will Test Nuclear Microreactor Ambitions Over Time

Price target decreased by 8.0% to US$41.40

NANO Nuclear Energy Inc.(NasdaqCM:NNE) dropped from Russell Small Cap Comp Growth Benchmark

NANO Nuclear Energy Inc. and University Of Illinois Urbana-Champaign Receive U.S. Nuclear Regulatory Commission Formal Review For KRONOS MMR Construction Permit Application

Nano Nuclear Energy Gains NRC Approval for KRONOS Microreactor as Leadership Realigns

Nano Nuclear Energy Announces Management Changes

Update On NANO Nuclear Energy: An Attractive Takeover Candidate

NANO Nuclear Energy (NNE) Stock Could Be 39.6% Undervalued After NRC Permit Progress

NANO Nuclear Energy Stock Gains Supply Chain Control With Secured Transportation Acquisition

Founder notifies of intention to sell stock

Nano Nuclear Energy Inc. Announces Appointment of Roy A. Boyd II as an Executive Officer, Effective May 22, 2026

Nano Nuclear Energy Moves Microreactor Forward With NRC Review and Data Center Expansion Plans

NANO Nuclear’s KRONOS MMR Microreactor Advances to Critical Milestone Toward Reactor Deployment with the University of Illinois Urbana-Champaign Submission of a Construction Permit Application to the U.S. Nuclear Regulatory Commission

Nano Nuclear Energy Inc. Advances Development of Optimized Haleu Transportation System

Long-Term AI Power Demand And Fuel Integration Will Support This Nuclear Microreactor Opportunity

NANO Nuclear Energy Inc. to Report Q1, 2026 Results on Feb 17, 2026

CEO & Director notifies of intention to sell stock

NANO Nuclear Energy Inc. Appoints Michael Montecalvo as Licensing Director

Nano Nuclear Energy Announces Dismissal of Federal Securities Lawsuit

Independent Director exercised options and sold US$514k worth of stock

Independent Director notifies of intention to sell stock

NANO Nuclear Energy Inc. Completes Initial Full-System Testing of Its Patent-Pending, Proprietary Annular Linear Induction Pump Technology, Validating Key Design Features Designed for Long-Term Operational Durability

Nano Nuclear Energy Inc. Celebrates Kronos Mmr Event At the University of Illinois Highlighted by Prospective Customer Announces Planned Feasibility Study for 15 Kronos Micro Modular Reactors

NANO Nuclear Holds Milestone Ceremony to Mark Beginning of Drilling Work for First KRONOS MMR™ Energy System in Partnership with University of Illinois

Nano Nuclear Energy Announces Milestone Ceremony to Begin Drilling Work with the University of Illinois for Its Patented Kronos Mmr™? Micro Modular Reactor Energy System

NANO Nuclear Energy Inc. announced that it has received $400.000033 million in funding

NANO Nuclear Energy Inc. announced that it expects to receive $400 million in funding

NANO Nuclear Energy Inc. has filed a Follow-on Equity Offering in the amount of $400 million.

NANO Nuclear Energy Inc. Completes Assembly of its Proprietary Annular Linear Induction Pump Technology Prototype for Critical Test Loop Validation in SBIR Phase III Program

NANO Nuclear Energy Inc. Appoints Charles J. “Joe” Leidig, Jr. (Ret.) as Chairman of Its Executive Advisory Board

NANO Nuclear Appoints Matthew Barry as Director of Investor Relations

Nano Nuclear Energy Inc Appoints Dr. Seth Berl as an Independent Director and a Member of the Nominating and Corporate Governance Committee of the Board, Effective June 1, 2025

New major risk - Shareholder dilution

NANO Nuclear Energy Inc. announced that it has received $105.000003 million in funding

NANO Nuclear Energy Inc. announced that it expects to receive $105.000003 million in funding

Consensus revenue estimates fall by 20%

New major risk - Shareholder dilution

NANO Nuclear Energy Inc. Announces Full Dismissal of Nevada Lawsuit

NANO Nuclear and University of Illinois Urbana-Champaign Receive Nuclear Regulatory Commission (NRC) Fuel Qualification Methodology Approval for KRONOS MMR™ Energy System

Nano Nuclear Energy Inc. Announces Appointment of Brent Hamilton as Director of Quality Assurance

NANO Nuclear Energy: A Long-Term View On The Innovator To Disrupt The Industry In 2030

Nano Nuclear Energy Assembles First Zeus Advanced Portable Microreactor Hardware for Initial Testing

NANO Nuclear Energy Inc. Appoints Andrew Steer as Head of Regulatory Engagement

NANO Nuclear Energy Inc. Appoints Florent Heidet as Chief Technology Officer

NANO Nuclear Energy Inc., Annual General Meeting, Apr 23, 2025

Nano Nuclear Energy Inc. Appoints Darlene T. Deremer as Executive Director of Corporate Finance

NANO Nuclear: 5 Things To Know Before Investing

NANO Nuclear Energy Inc. (NasdaqCM:NNE) completed the acquisition of Select nuclear energy technology assets of Ultra Safe Nuclear Corporation.

NANO Nuclear Energy Inc. (NasdaqCM:NNE) entered letter of intent to acquire Select nuclear energy technology assets of Ultra Safe Nuclear Corporation for $8.5 million on December 18, 2024.

NANO Nuclear Energy and Digihost Technology Announce Submission to New York State Energy Research and Development Authority’s Request for Information

NANO Nuclear Energy Inc. Appoints Michael Norato, Ph.D. as Director of Nuclear Facilities and Infrastructure

NANO Nuclear Energy: A Pre-Revenue Play That Could Either Boom Or Burst

NANO Nuclear Energy Inc Appoints Hon. John G. Vonglis as Executive Director of Global Government Affairs

NANO Nuclear Energy Inc. Appoints Darlene T. DeRemer as Chairwoman of Its Executive Advisory Board for Institutional Finance

NANO Nuclear Energy Inc. Appoints John G. Vonglis as Chairman of Its Executive Advisory Board for Strategic Initiatives

NANO Nuclear Energy Appoints Carlos O. Maidana, Ph.D. as its Head of Thermal Hydraulics and Space Program

High number of new and inexperienced directors

NANO Nuclear Energy Inc. Appoints Daniel M. Donovan Jr. to Its Executive Advisory Board as Chairman for Market Intelligence

Bragar Eagel & Squire, P.C. Announces that Class Action Lawsuit Has Been Filed Against NANO Nuclear Energy Inc

NANO Nuclear Energy Inc. Appoints Eric R. Oesterle as Head of Microreactor Regulatory Licensing

NANO Nuclear Energy Inc. Appoints David Tiktinsky as Head of Nuclear Regulatory Licensing

NANO Nuclear Energy Inc. has completed a Composite Units Offering in the amount of $18 million.

New major risk - Financial position

NANO Nuclear Energy Inc. Appoints Massimiliano Fratoni as Senior Director and Head of Reactor Design

NANO Nuclear Energy Inc. has completed an IPO in the amount of $10.25 million.

CEO