UPDATE ON THE BANKRUPTCY OF USNC – Ultra Safe Nuclear

UPDATE ON THE BANKRUPTCY OF USNC – Ultra Safe Nuclear

Paul Richards 2 April 2025 In March 2025, NANO Nuclear Energy Inc. acquired the major assets of the bankrupt Ultra Safe Nuclear Corporation (USNC), including microreactor technology and advanced nuclear fuel, renaming the Micro Modular Reactor (MMR) Energy System as the KRONOS MMR. Ultra Safe Nuclear Corporation (USNC) – Stakeholder Loss Breakdown 1] Estimated Liabilities vs. Assets Liabilities: $50M – $100M Assets: $10M – $50M 2] Asset Fire Sal…