NANO Nuclear Energy gains on agreement with Argentina's IMPSA
BUZZ-NANO Nuclear Energy gains on agreement with Argentina's IMPSA ** Shares of nuclear technology company NANO Nuclear Energy NNE.O up ~3% at $13.34 premarket
** Co has entered into an engineering services master agreement (ESMA) with the US subsidiary of Argentine company IMPSA to support the engineering, design-for-manufacture and potential future fabrication of critical components for NANO Nuclear's KRONOS MMR Energy System
** The three-year agreement enables NANO Nuclear to leverage IMPSA's expertise in nuclear pressure vessels, ASME Section III manufacturing, welding, quality assurance and heavy-component fabrication as the KRONOS MMR advances toward manufacturing readiness
** The parties have separately identified reactor cavity cooling systems, spent-fuel storage systems and other reactor and transportation components as additional areas of potential collaboration
** The initial program provides for an estimated six-month period, supported by a retainer
** As of last close, NNE down 46% YTD
(Dharna Bafna in Bengaluru)
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Brief: Nano Nuclear Energy And Impsa Sign Master Services Agreement To Advance Engineering And Fabrication Of Critical Kronos Mmr™ Components
NANO Nuclear Energy gains on agreement with Argentina's IMPSA