Corporate

New York Company To Acquire Major Assets Of Bankrupt Nuclear Startup

By David Dalton
7 January 2025

$8.5 million deal includes Ultra Safe’s patented micro modular reactor system

New York Company To Acquire Major Assets Of Bankrupt Nuclear Startup
USNC is involved in MMR high-temperature gas-cooled reactor projects in Canada and the US. Courtesy USNC.
US nuclear company Nano Nuclear Energy is spending $8m (€7.7m) to acquire the major assets of the bankrupt Ultra Safe Nuclear Corporation (USNC), a midsize startup that is developing microreactor technology and advanced nuclear fuel.

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