Nano Nuclear acquires Global First Power to obtain Chalk River license application for KRONOS MMR

Nano Nuclear Energy Inc.

Acquires all equity of GFPL and rights to CNSC license application for KRONOS MMR reactor at Chalk River.
Consideration: assumption of $641,207 CNSC liability plus $15,000 expense reimbursement; no cash payment.
Transaction subject to Bankruptcy Court approval on Sept 4, 2025; closing expected shortly after.
GFPL holds Chalk River License Application (CNSC project ref 80182) which cannot be transferred, necessitating direct acquisition.
Company aims to be first to build and gain regulatory approval for a full-scale microreactor in North America.

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