NANO Nuclear joins Dioxitek for a major investment in uranium conversion

NANO Nuclear joins Dioxitek for a major investment in uranium conversion
Federico Ramos Napoli, Diego Chaher, and the representative of NANO Nuclear Energy
porEditorial Team
Argentina

Dioxitek is the only Argentine company that offers uranium raw material for nuclear fuel production

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The American company Nano Nuclear Energy, a leader in advanced nuclear energy and technology, announced the signing of a Memorandum of Understanding (MOU) with Dioxitek SA, an Argentine state-owned company that is the only national manufacturer of uranium raw material for nuclear fuel production.

The non-binding agreement establishes a framework for cooperation aimed at evaluating Argentina's current uranium conversion capabilities and analyzing the available infrastructure to support key processes in the nuclear fuel cycle, with a view to a potential major investment in the sector.

Based on this joint assessment, both parties will explore the possibility of developing an enrichment production line at Dioxitek's facilities, thereby strengthening the country's nuclear supply chain and promoting the peaceful use of atomic energy.

Nano Nuclear Energy y Dioxitek.
Nano Nuclear Energy y Dioxitek.

In this process, uranium dioxide plays a central role, as it is the raw material that is converted into uranium hexafluoride, an essential input for the enrichment of nuclear fuel used in power plants.

Representing Dioxitek S.A., the agreement was attended by its General Manager, Federico Ramos Napoli; the Production Manager, Martín Porro; the Manager of Safety, Quality, and Environmental Management, Juan Martín Campos; and the Manager of Legal and Corporate Affairs, Rodrigo Martín. Meanwhile, for NANO Nuclear Energy, the signing was carried out by Oscar Leandro, Vice President of Corporate Development.

Additionally, General Manager Ramos Napoli met with the NANO Nuclear Energy delegation at the Casa Rosada, accompanied by the Director of the Agency for the Transformation of State-Owned Enterprises, Diego Chaher, where they analyzed possible legal instruments to carry out the planned investment.

The United States and Argentina maintain the "123 Agreement" for peaceful nuclear cooperation, in force under the U.S. Atomic Energy Act of 1954. This agreement regulates bilateral collaboration in nuclear research and development, always for non-military purposes.

La firma del acuerdo.
La firma del acuerdo.

In this context, Argentina, which has strategic uranium reserves, emerges as a key partner to help address the global shortage of uranium hexafluoride, in addition to advancing toward greater energy independence.

For Nano Nuclear, this step consolidates its growing presence in South America, in line with the deregulation being carried out by the government of Javier Milei in strategic sectors linked to Argentina's energy development.

El logo de Dioxitek
El logo de Dioxitek

Nano Nuclear's statement

"Collaborating with Dioxitek of Argentina marks an important milestone for NANO Nuclear in South America and gives us access to real data with the potential to impact not only Argentina, but also the global nuclear fuel supply chain," said Jay Yu, founder and president of the company.

"Significant changes in Argentina's policies have created new opportunities for collaboration, allowing NANO Nuclear to actively contribute to the advancement of Argentina's growing nuclear infrastructure and fuel cycle capabilities. We look forward to expanding our collaboration to make this shared vision a reality," he added.

In the same vein, Nano Nuclear's CEO, James Walker, highlighted the country's favorable context: "The country's solid technical foundation and strong commitment to energy independence offer our company numerous opportunities. By combining our expertise with Argentina's vision, we seek to support the expansion of Argentina's nuclear infrastructure and make a significant contribution to the development of its full fuel cycle capabilities."

Meanwhile, Dioxitek SA keeps a strategic role in the national nuclear sector. This state-owned company is responsible for ensuring the supply of uranium dioxide for the production of fuel elements destined for the Embalse, Atucha I, and Atucha II nuclear power plants, pillars of Argentina's nuclear system.


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