NANO Nuclear Energy has signed a Memorandum of Understanding (MoU) with the Namibia Industrial Development Agency (NIDA) to develop nuclear fuel supply chain infrastructure in Namibia.
The collaboration aims to leverage Namibia’s position as a top uranium producer to establish the country as a key player in the global nuclear fuel supply chain. The partnership focuses on infrastructure development, technology transfer, education, and workforce development. NANO Nuclear will lead assessments of industrial capability, fuel logistics, and potential international supply contracts, while NIDA will coordinate government and stakeholder engagement. Initial work will concentrate on investment opportunities, feasibility studies, and stakeholder engagement, with plans to expand into training, joint ventures, and nuclear-ready industrial site planning.
“This first step with NIDA reflects our long-term commitment to helping NIDA build a stable, localized, and internationally respected nuclear fuel supply chain in Namibia,” said James Walker, Chief Executive Officer of NANO Nuclear. “We are proud to work alongside Namibia to ensure that its natural resources can power not only domestic progress but also global energy resilience.”
“This collaboration with Namibia highlights our mission to position the Company as a leader in the global clean energy transition and reinforces our strategic intent to secure the resources necessary to fuel the future of nuclear energy in the United States and abroad,” said Jay Yu, Founder and Chairman of NANO Nuclear. “NANO Nuclear brings the advanced nuclear expertise and commercial vision that align well with NIDA’s development mandate. Through education, infrastructure, and responsible industrial development, this collaboration will unlock meaningful opportunities for the Namibian people while supporting NANO Nuclear’s broader strategy to de-risk and decentralize the nuclear fuel supply chain.”
As the world accelerates toward low-carbon energy solutions, the nuclear industry is experiencing a renaissance. By establishing Namibia as a trusted link in the global nuclear fuel supply chain, this collaboration will support energy security, economic diversification, and scientific advancement in southern Africa and beyond.
Initial work under the MoU will focus on identifying viable areas for investment, conducting feasibility studies, and facilitating engagements with other government bodies, technical institutions, and international stakeholders. The MoU also envisions expanding the collaboration into areas of training, joint venture development, and nuclear-ready industrial site planning.
NANO Nuclear and NIDA will also work to negotiate and enter into definitive agreement related to the collaboration in the future.