NANO Nuclear's KRONOS MMR(TM) and the University of Illinois Urbana-Champaign Advance to Next Regulatory Milestone as U.S. NRC Formally Accepts Construction Permit Application for Review

Acceptance by the U.S. Nuclear Regulatory Commission initiates formal licensing process for KRONOS MMR(TM) system deployment at the University of Illinois, and solidifies the KRONOS MMR(TM) system as the first commercially-ready microreactor to reach this milestone New York, New York--(Newsfile Corp. - May 20, 2026) - NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or "the Company"), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, today announced that the U.S. Nuclear Regulatory Commission (NRC) has formally accepted the previously submitted Construction Permit Application (CPA) for the deployment of the Company's KRONOS MMR™ at the University of Illinois Urbana-Champaign (U. of I.). Figure 1 - NANO Nuclear Energy Celebrates KRONOS MMR™ Micro Modular Reactor Event to commemorate the start of real world site-characterization in partnership with and at the University of Illinois Urbana-Champaign (U.