NANO Nuclear Energy Inc. has signed a deal to assume ownership of the patents and intellectual property rights of Ultra Safe Nuclear Corp. (USNC) via a Chapter 11 bankruptcy auction. Subject to customary closing conditions in a bankruptcy proceeding, the acquisition includes USNC’s Micro Modular Reactor (MMR) system, Pylon reactor and demonstration projects related to the MMR system, New York City-based NANO Nuclear said in a statement. “The assets are being acquired for $8.5 million in cash through an auction … read more »
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