NANO Nuclear Energy Inc. (NASDAQ: NNE) shares were in the green Friday. The company, a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced the signing of a Memorandum of Understanding (MoU) with the Namibia Industrial Development Agency (NIDA) to explore collaborative opportunities focused on developing the domestic nuclear fuel supply chain infrastructure within the Republic of Namibia.

The MoU represents a shared vision between NANO Nuclear and NIDA to add significant value to the country's uranium resources, support industrial development, and create new opportunities for Namibian citizens within the global nuclear energy market.

"With Namibia already ranked among the world's top uranium producers," read this morning's news release, "the collaboration aims to help position the country as a key player in the emerging secure and diversified global nuclear fuel supply chain."

Under the MoU, NANO Nuclear and NIDA will work together to evaluate opportunities related to the development of infrastructure, technology transfer, education, job creation, and local workforce development in support of Namibia's national nuclear energy development goals. NIDA will help coordinate government and stakeholder engagement, while NANO Nuclear will lead assessments related to industrial capability, fuel logistics, and potential international nuclear fuel supply contracts for NIDA.

NANO shares took on 22 cents to $38.19.

COMTEX_466523850/2559/2025-06-20T09:57:48