Nano Nuclear Energy Inc (NASDAQ:NNE) shares are trading lower by 2.37% to $25.98 during Wednesday's session. The company earlier announced a Memorandum of Understanding (MOU) with the U.S. Department of Energy's Idaho Operations Office to explore siting, construction and operation of its proprietary 'ZEUS' and 'ODIN' microreactors at the Idaho National Laboratory (INL).
What To Know: NNE says these microreactors aim to deliver clean energy solutions for remote and industrial uses, supporting U.S. energy security and climate goals.
The partnership will focus on site evaluations, Nuclear Regulatory Commission (NRC) licensing, and the development of operational and safety plans, including hazardous material management and emergency planning.
Both parties will bear their own costs, with the collaboration emphasizing compliance with the National Environmental Policy Act (NEPA) and other regulations.
The MOU, valid for five years with a renewal option, leverages INL's infrastructure and expertise to progress the reactors toward demonstration and deployment. NANO Nuclear leaders highlighted the agreement as a significant step in advancing innovative nuclear technologies to strengthen energy resilience and sustainability.
Read Also: Meta Joins Big Tech's Shift To Nuclear Power For AI Ambitions
How To Buy NVAX Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Nano Nuclear Energy's case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, NNE has a 52-week high of $37.50 and a 52-week low of $3.25.
