Nano Nuclear Energy Acquires STS for $13M

By Ahmed Jamerson • Friday, May 29 13:02 • Permanent Link

Nano Nuclear Energy said it has acquired Secured Transportation Services, or STS, for total consideration valued at up to $13 million, adding a business that generated about $7.1 million of audited revenue and roughly $1.3 million of net income in the 12 months ended Dec. 31, 2025.

The deal gives Nano Nuclear a transportation unit with more than 20 years of specialized nuclear logistics experience. STS was founded in 2005 and has completed projects in more than 40 countries. The company also holds approvals for more than 90% of active U.S. NRC-approved spent fuel routes in the United States.

Nano Nuclear said the purchase was made through its transportation subsidiary, Advanced Fuel Transportation Inc. The consideration includes $6 million in cash paid at closing, subject to closing adjustments, and $7 million in Nano Nuclear restricted stock paid in several installments, with part of the stock tied to contractual contingencies.

The acquisition expands Nano Nuclear beyond reactor development into fuel transportation and deployment services. The company said the addition of STS gives it control over a critical logistics step in the nuclear fuel cycle, including the movement of spent fuel, HALEU fuel and advanced reactor components.

Nano Nuclear said STS personnel have worked on projects in more than 40 countries and bring backgrounds in nuclear engineering, logistics, regulatory affairs and operations. The company also said STS is expected to benefit from its broader nuclear fuel-cycle relationships and financial backing.

The acquisition comes as Nano Nuclear pushes a vertically integrated model across reactor design, fuel sourcing and processing, fuel transportation, deployment and long-term operational support. The company said the deal strengthens its ability to coordinate movement of nuclear fuel and reactor systems from origin to deployment site.

Nano Nuclear’s subsidiary Advanced Fuel Transportation, now bolstered by STS, provides nuclear engineering and materials transport services in the U.S. and globally. As a result of these announcements, the company's shares have moved -7.02% on the market, and are now trading at a price of $26.64. For more information, read the company's full 8-K submission here.

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