Nano Nuclear Energy Inc. has renamed its Canadian microreactor business to True North Nuclear Inc. after completing the acquisition of Global First Power Limited (GFPL). The move consolidates the company’s North American operations and positions the KRONOS micro‑modular reactor program under a unified brand.
The acquisition closed on October 22, 2025, and included a $640,000 liability assumption that GFPL owed to the Canadian Nuclear Safety Commission. The deal gives Nano Nuclear a fully licensed KRONOS MMR demonstration project at Chalk River Laboratories in Ontario, where the company has already completed a vendor design review and the first part of a License to Prepare Site submission.
In the United States, Nano Nuclear is advancing a parallel KRONOS MMR prototype at the University of Illinois Urbana‑Champaign. A milestone ceremony for the start of drilling work was held on October 24, 2025, and the company plans to file a construction permit application in early 2026.
The KRONOS MMR is a stationary, high‑temperature gas‑cooled microreactor that delivers 15 MWe of power using TRISO fuel and passive helium cooling. Nano Nuclear’s broader strategy includes five business lines—microreactor technologies, nuclear fuel fabrication, fuel transportation, space applications, and industry consulting—aimed at expanding the company’s footprint in the growing SMR market.
Company executives highlighted that the rebranding and acquisition strengthen the company’s ability to secure regulatory approvals and accelerate deployment of the KRONOS MMR across North America, supporting clean‑energy objectives in both Canada and the United States.
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