The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Marc Bianchi - TD Cowen - Analyst
: I guess, maybe to get us going here, you could kind of talk about the story of NANO, how it got started. I think people wonder what's the background
of some companies here, was there a person with a technology idea that incubated it up or is it a someone going out and looking for technologies
and down selecting? Just maybe tell us about how NANO came to be, and maybe how it's evolved over the past year or two.
Question: Marc Bianchi - TD Cowen - Analyst
: Yeah. And so KRONOS is clearly one of the main focus, but if people flip through your deck, they see a lot of other stuff going on with the company.
You -- I think streamline that a little bit with you've got this letter of intent to divest ODIN, but you still retain some sort of royalty or something like
that with it.
But maybe just like If you had to distill it down, and as we've talked about this before, like what are the two or three things that investors should
really focus on when thinking about the opportunities set for NANO.
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OCTOBER 09, 2025 / 5:30PM, NNE.OQ - Nano Nuclear Energy Inc at TD Cowen Nuclear Fuel Cycle and Next
Generation Nuclear Roundtable
Question: Marc Bianchi - TD Cowen - Analyst
: (inaudible) They cross off a couple more of my questions with that. No, but I did want to ask about the capital. So I mean, maybe this, we can weave
this into the University of Illinois KRONOS project and sort of the next steps that are there, maybe walk us through the timeline to getting this thing
up to operating level, what needs to happen from an investment perspective, from an actual like erecting construction perspective, timelines there,
and then how much is it going to cost.
Question: Marc Bianchi - TD Cowen - Analyst
: And the capital involved with getting to that point, what does that look like?
Question: Marc Bianchi - TD Cowen - Analyst
: And is the ultimate goal to be owning power plants and having power purchase agreements with offer takers or are you going to -- like what --
what's your -- where is like the developer and off-taker operator sort of fit into the end game here? Would you -- do you ultimately just sell technology
or how far into the -- how far downstream are you willing to go?
Question: Marc Bianchi - TD Cowen - Analyst
: Okay, okay, cool. Maybe in the last couple of minutes, let's talk about enrichment and the laser enrichment technology. I mean, I guess this -- it's
sort of an -- your founder is involved with it, but I believe NANO has an investment in it, but it's not within the NANO umbrella. Just maybe explain
how that structure works and then we could talk about what the technology of successful would mean for investors of NANO.
Question: Marc Bianchi - TD Cowen - Analyst
: Should we -- if there are additional capital raises coming from lists, is it likely or should we be thinking that there's a good chance that nano
participates in that or --
Question: Marc Bianchi - TD Cowen - Analyst
: Okay, great, Matt. Well, that's all the time we got. Covered a lot. So thank you.
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