Overview

• Nano Nuclear will invest over $12 million to launch the site and create 50 full-time jobs.
• The company bought a 23,537-square-foot building with a 7,400-square-foot non‑nuclear demonstration area for near-term validation.
• Illinois support includes collaboration with Governor JB Pritzker and DCEO plus $6.8 million in REV Illinois incentives tied to spending and hiring.
• Separate from the facility plan, Nano Nuclear announced an oversubscribed $400 million private placement for 8,490,767 shares, with closing expected on or about Oct. 10 and proceeds earmarked for KRONOS MMR development and related programs.
• NNE stock gained about 7.5% to $57.64 on Tuesday following the Illinois announcement.