Nano Nuclear Energy signs MoU with UrAmerica for Argentina nuclear fuel supply

Nano Nuclear Energy (NNE) has signed a Memorandum of Understanding with UrAmerica, a private exploration company with a package of uranium and other critical metals licenses primarily in Chubut Province, Argentina. The newly signed MOU formalizes the discussions that NANO Nuclear initiated with UrAmerica to explore strategic development across Argentina’s uranium-fuel supply chain. Both companies are now working to evaluate specific opportunities, ranging from mining and conversion to UF feedstock supply, that could aid NANO Nuclear in securing a dependable source of material for future supply chain options. Such evaluations may lead to the signing of definitive agreements between NANO Nuclear and UrAmerica related to particular projects. Argentina has one of the largest uranium repositories in the world and its government is currently looking into the privatization of their nuclear energy sector. Through this MOU, NANO Nuclear and UrAmerica aim to build the mining and milling capacities of the uranium supply chain in Argentina with the intention to be a part of the uranium fuel cycle exports into the U.S.