NANO Nuclear Energy Inc., based in New York, has successfully acquired select nuclear energy technology assets through a Chapter 11 bankruptcy auction. The company purchased the patented Micro Modular Reactor (MMR®) system and Pylon reactor technology, along with associated intellectual property rights, from Ultra Safe Nuclear Corporation for $8.5 million. This acquisition, approved by the United States Bankruptcy Court, aligns with NANO Nuclear's focus on developing portable, clean energy solutions. The MMR® Energy System is a key component of the acquired assets, offering a zero-carbon nuclear power plant capable of providing carbon-free process heat for industrial applications and high-efficiency hydrogen production. It complements NANO Nuclear's existing 'ZEUS' and 'ODIN' microreactors by offering stationary power production of up to 45 MWth. The Pylon reactor technology acquired is designed to provide 1-5MWth of power and can be deployed in various settings including remote terrestrial, marine, and space applications. This technology aligns closely with NANO Nuclear's strategic goals in advanced nuclear energy solutions. NANO Nuclear aims to leverage its technical team to optimize these acquired technologies and integrate them into its operational frameworks. The company also plans to continue USNC's industry relationships to strengthen its market position and enhance its offerings within existing collaborations. The acquisition is viewed positively by NANO Nuclear's leadership, with Founder and Chairman Jay Yu expressing excitement about the potential for accelerated development and market innovation. Overall, the acquisition of the MMR® system and Pylon reactor technology signifies a significant step for NANO Nuclear in advancing its nuclear energy capabilities and expanding its presence in the industry.