Nano Nuclear Energy Inc. (NASDAQ: NNE) has appointed Rick Perry, the former Governor of Texas and the United States Secretary of Energy from 2017 to 2019, as the chairman of its executive advisory board. Nano Nuclear aims to benefit from Perry's expertise and experience in the energy sector, particularly his advocacy for nuclear power during his tenure as the Secretary of Energy.
Perry's appointment is seen as a significant move for Nano Nuclear, as he brings a wealth of knowledge and a network of contacts to the company. His understanding of U.S. energy infrastructure and the country's energy needs is expected to guide Nano Nuclear's efforts to advance nuclear technology and drive innovation in the sector.
Furthermore, John Vonglis, Nano Nuclear’s executive director of global government affairs, who previously served as the chief financial officer of the U.S. Department of Energy (DOE) and acting director of ARPA-E under Gov. Perry, expressed confidence in Perry's ability to propel Nano Nuclear to the next level.
Perry's background in public service, including his tenure in the U.S. Air Force and his experience as the Secretary of Energy, aligns with Nano Nuclear's mission to become a leading player in the nuclear power sector.
Nano Nuclear Energy Inc. is positioning itself as a commercially focused, diversified, and vertically integrated company across multiple business lines, including cutting-edge portable and microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services. The company is currently focused on developing advanced reactor technology, including the Kronos MMR™ energy system, Zeus, and Odin, representing advancements in clean energy solutions and portable, on-demand capable, advanced nuclear microreactors.
Moreover, Nano Nuclear's subsidiaries, Advanced Fuel Transportation Inc. (AFT) and Haleu Energy Fuel Inc. (HEF), are working on building a North American transportation company for providing commercial quantities of fuel to various entities and focusing on the future development of a domestic source for a high-assay, low-enriched uranium (HALEU) fuel fabrication pipeline.
The appointment of Rick Perry signals Nano Nuclear's commitment to advancing its vision and leveraging Perry's extensive experience to achieve near* and long-term success in the nuclear energy sector. Following these announcements, the company's shares moved -1.99%, and are now trading at a price of $30.53. For more information, read the company's full 8-K submission here.
