NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or the “Company”), a vertically integrated advanced nuclear energy and technology company developing portable clean energy solutions, today announced that, effective September 23, 2024, it has been selected as one of only 12 companies for inclusion into the broad-market Russell 3000® Index (the “Index”) based on the Index’s quarterly review and subsequent addition of companies which have recently undertaken initial public offerings.
“We are thrilled to announce NANO Nuclear’s addition to the Russell 3000 Index,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “Being selected to join the Index within just four months of our IPO is a truly exciting and rewarding milestone. The Index follows a modular approach, covering market segments (large, mid and small cap) and investment styles (growth vs. value and defensive vs. dynamic) and serves as a key benchmark for tracking the performance of mega-cap to small-cap stocks in the U.S. equity market. Our inclusion in the Index is a testament to the strong foundation we’ve built and the direction we’re heading as a company. To be one of only 12 companies added in the Index’s quarterly review is a great honor, and we are eager to keep this momentum going as we capitalize on the nuclear energy renaissance we are experiencing in the U.S.”
Russell indexes are commonly used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. They are part of FTSE Russell, a global index provider that offers a broad range of market indexes to measure the performance of different segments of the global financial markets.
“We are incredibly proud to join the Russell 3000 Index. I want to congratulate our growing NANO Nuclear team who have helped us achieve this important milestone,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “That said, we don’t plan on resting on our laurels. This achievement will drive our management team to keep pushing forward with our growth strategy, which has positioned us at the forefront of the advanced nuclear energy market. In recent weeks, we have made significant strides, including the purchase and opening of our Nuclear Technology Headquarters in Oak Ridge, Tennessee, additional former U.S. national leaders joining us, and the addition of highly skilled and motivated researchers to accelerate the development of our microreactor technologies. In sum, we believe our future is bright, and we look forward to sharing additional technical and corporate milestones in the near future.”
