NANO Nuclear Energy gains on Namibia partnership to develop domestic supply chain
Shares of nuclear technology company NANO Nuclear Energy NNE.O rise 7.4% to $40.77 premarket
Company signs memorandum of understanding with Namibia Industrial Development Agency (NIDA) to develop domestic nuclear fuel supply chain infrastructure within country
NNE says collaboration aims to help position Namibia as key player in emerging secure and diversified global nuclear fuel supply chain
NIDA to help coordinate government and stakeholder engagement and NNE to lead assessments related to industrial capability, fuel logistics and potential international nuclear fuel supply contracts for NIDA
"NANO Nuclear and NIDA will also work to negotiate and enter into definitive agreement related to the collaboration in the future," company says
Up till last close, stock up 52.5% YTD
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