NANO Nuclear Energy Inc. (NASDAQ:NNE) said it has submitted a private proposal to Argentina’s state-owned nuclear company Dioxitek S.A. to explore the joint development of a natural uranium hexafluoride production facility.
The plan would involve constructing the facility using Dioxitek’s existing infrastructure in Argentina. Dioxitek currently operates as the country’s only supplier of feedstock for nuclear fuel fabrication and manages key stages of the nuclear fuel cycle.
The proposal builds on a memorandum of understanding signed between the two companies in August 2025, which set out a framework to evaluate Argentina’s capabilities for natural uranium conversion and the related industrial infrastructure required to support it.
Under Argentine regulations, Dioxitek will now review the proposal. Both companies expect to continue working with relevant local stakeholders to assess the technical, financial and operational feasibility of the potential project.
According to the company, the evaluation phase could eventually lead to negotiations and the signing of definitive agreements between NANO Nuclear and Dioxitek if the project moves forward.