08:32 AM EDT, 09/17/2025 (MT Newswires) -- Nano Nuclear Energy ( NNE ) said Wednesday it signed a letter of intent to sell its Odin low-pressure coolant microreactor design and related intellectual property to UK-based Cambridge Atom Works for $6.2 million plus potential royalties.

The company said the deal includes a $250,000 non-refundable down payment, $5.95 million due in 2026, and future low single-digit royalties based on ODIN's commercialization.

The proposed sale, still subject to final agreements and closing conditions, will enable the company to streamline its product line and focus its resources on its portfolio of advanced gas-cooled microreactors, Nano Nuclear said.

Shares were down 1.1% in recent premarket activity.