Latest / INSPIRE STORY / #273_ The Laser Technology That Could Change the World — A Revolutionary Breakthrough in Nuclear Energy
Transcript
- 0:05Speaker 1: J.U., welcome to the show, man.
- 0:07Speaker 2: Thanks for having me. My pleasure. So blessed to be here.
- 0:10Speaker 1: Yeah. So, yeah, we met at Rob Luna's event, what, about,
- 0:15Speaker 1: I guess that was about a month or two ago.
- 0:17Speaker 1: We were doing a speaking event there, and he's been
- 0:21Speaker 1: telling me, Rob's a good friend of mine, he's been
- 0:23Speaker 1: telling me about you for a long time, because I've
- 0:25Speaker 1: been interviewing a lot of nuclear guys. He's like, you
- 0:28Speaker 1: have to check this dude out. And, um, and, uh,
- 0:32Speaker 1: so here you are and, uh, I'm pumped, man, to
- 0:36Speaker 1: interview you.
- 0:36Speaker 2: So very, very happy, um, to be here. And I
- 0:39Speaker 2: think my story will be different than many of your
- 0:43Speaker 2: other guys. Um, not military background, but I would say
- 0:47Speaker 2: a different background, but still being savvy and from the streets,
- 0:51Speaker 2: I would say is a key to kind of unlocking
- 0:54Speaker 2: this different path I took, I would say.
- 0:57Speaker 1: Yeah. I, I, I love stories like this, people that
- 1:00Speaker 1: came from, you know, basically nothing or at least close
- 1:03Speaker 1: to nothing and, uh, you know, really made something for themselves,
- 1:07Speaker 1: you know, whether that's, you know, financially or, or through
- 1:11Speaker 1: business or military career or whatever. It's just a, there's
- 1:15Speaker 1: so many people out there victimizing themselves today that I,
- 1:18Speaker 1: you know, it's, it's important to me to show people
- 1:21Speaker 1: that like, Hey, you don't, you don't have to come
- 1:23Speaker 1: from money to make money. You don't have to be
- 1:25Speaker 1: a superstar athlete to be a bad-ass. You like, you
- 1:28Speaker 1: can make shit happen.
- 1:30Speaker 2: No, that was kind of my thesis growing up too.
- 1:35Speaker 2: I was never, I would say, sad for myself. I
- 1:40Speaker 2: would see some of my friends who lived in really
- 1:43Speaker 2: nice neighborhoods and I would go to public school with
- 1:46Speaker 2: them and I'll literally be jealous and I'll see everything.
- 1:50Speaker 2: But I was never sad. I lived in a four-story
- 1:55Speaker 2: walk-up on the last floor. And, you know, in a
- 1:59Speaker 2: tenement building in New York, like, you know, when you
- 2:01Speaker 2: see West side story, the fire scapes and stuff like that's,
- 2:04Speaker 2: that's what I grew up in. Um, and you know,
- 2:07Speaker 2: it was a small three bedroom apartment with, with, um,
- 2:11Speaker 2: you know, four kids there. And my parents, my mom
- 2:14Speaker 2: was a seamstress. Um, my dad was a carpenter. Um,
- 2:17Speaker 2: he actually made French doors, which was pretty cool. Uh,
- 2:21Speaker 2: but he would get up. I remember at 6 00
- 2:23Speaker 2: AM in the morning, take the train, um, up to
- 2:27Speaker 2: the Bronx and then he'll make these French, beautiful French doors.
- 2:33Speaker 2: And then my mom would go to the sweatshop essentially. So,
- 2:37Speaker 2: you know, I am a sweatshop baby. And what that
- 2:39Speaker 2: means is she would literally bring me with her because
- 2:43Speaker 2: we couldn't afford daycare. And basically she would throw me
- 2:48Speaker 2: in this cardboard box with, and this is not a
- 2:51Speaker 2: typical cardboard box, it's like a massive... cardboard box that's
- 2:55Speaker 2: probably been transported from China. And they throw all these
- 2:58Speaker 2: kits in there, like a playpen. So literally, it will
- 3:01Speaker 2: be thrown in there. And we're all hanging out. And
- 3:06Speaker 2: some of these kids don't even speak English, probably. So
- 3:08Speaker 2: I don't even remember. I just remember being thrown in there.
- 3:10Speaker 2: And I'm playing with some random kids. But I think
- 3:14Speaker 2: what it built in me was I recognize, I would say, business, too.
- 3:20Speaker 2: So my mom would make $ 0. 05 a zipper. Uh, you know, for,
- 3:24Speaker 2: for like what, what I'm wearing right now for some pants.
- 3:26Speaker 2: And I remember watching her one day and she, she
- 3:31Speaker 2: was going really slow, right. With the, with the sewing machine,
- 3:35Speaker 2: like buzzing, like, like, you know, moving it. And then
- 3:39Speaker 2: these other ladies besides her were like blasting, but she,
- 3:43Speaker 2: I guess she was more scared. She was more, I
- 3:46Speaker 2: would say safe. Um, and I think that is almost
- 3:50Speaker 2: a foreshadowing of my future where I wasn't safe. I
- 3:55Speaker 2: was a risk taker. I'm a guy who goes all in.
- 3:58Speaker 2: And she, so I asked her that question. I said, like, mom,
- 4:02Speaker 2: why are you going so slow and the others are
- 4:05Speaker 2: going so fast? And they're like, oh, the others are
- 4:07Speaker 2: making a lot of money. I'm not making as much money.
- 4:10Speaker 2: So I was like, why don't you make more money?
- 4:13Speaker 2: And this is when I'm like three years old. So
- 4:16Speaker 2: I've recognized at an early age, like certain things like
- 4:19Speaker 2: that may be, Planted a seed in me for the future.
- 4:23Speaker 2: So I recognize that, I would say. At an early age.
- 4:27Speaker 1: I can't wait to dig in a little bit more.
- 4:29Speaker 1: Before we do, though, let me give you, everybody gets
- 4:31Speaker 1: an introduction here.
- 4:32Speaker 2: Okay, okay.
- 4:34Speaker 1: J.U., founder, executive chairman, and president of Nano Nuclear Energy.
- 4:40Speaker 1: Executive chairman and president of List Technologies, the only U.S.
- 4:45Speaker 1: origin in patented technology for laser uranium enrichment. Started your
- 4:50Speaker 1: career as an analyst at Deutsche Bank on Wall Street,
- 4:53Speaker 1: advocate for advanced nuclear energy and American innovation. Under your leadership,
- 5:00Speaker 1: nanonuclear energy reached over $ 3 billion market capitalization and value,
- 5:05Speaker 1: raised over $ 600 million to date, $ 1 billion of future
- 5:09Speaker 1: financing structured, and became Wall Street's Cinderella story of 2024
- 5:15Speaker 1: as the number one top IPO performer. That's fucking insane, dude. Congratulations.
- 5:22Speaker 2: Thank you.
- 5:23Speaker 1: You have a degree in psychology and you've said, I'm
- 5:26Speaker 1: not supposed to be here.
- 5:29Speaker 2: That's right.
- 5:29Speaker 1: So we're gonna talk about your life story, get into
- 5:34Speaker 1: all things nuclear, but Polymarket posted something pretty relevant to
- 5:40Speaker 1: what we're talking about here recently. So Polymarket says that
- 5:44Speaker 1: there is only a 4% chance that the US grants
- 5:48Speaker 1: a license for a new nuclear reactor in 2025? Do
- 5:53Speaker 1: you think it's possible that it happens in 2026?
- 5:58Speaker 2: There's so many, I would say, developments happening that could
- 6:04Speaker 2: possibly happen. So 4%, I would say it's kind of low.
- 6:08Speaker 2: I would probably push it towards 20%. But The larger
- 6:14Speaker 2: reactors that are being brought back, there's a chance that happens.
- 6:19Speaker 2: But new, for a new company, I would say not
- 6:24Speaker 2: in the field where we're at, which is microreactors, but
- 6:28Speaker 2: for maybe some of these larger ones out there that
- 6:31Speaker 2: I'm not aware of, I would say.
- 6:33Speaker 1: So you think there's a 20% chance that they'll approve
- 6:36Speaker 1: it by the end of 2025 or in 26? 26. No, 25.
- 6:41Speaker 2: I mean, it's, it's already, it's already done. Um, but 26,
- 6:46Speaker 2: there is a chance just because. The current administration is
- 6:50Speaker 2: being so proactive and they're advocating. And even the secretary
- 6:55Speaker 2: of energy is saying under this administration, there will be
- 6:59Speaker 2: a nuclear Renaissance. So I feel like there's so much
- 7:02Speaker 2: momentum in this space and, you know, seeing some new nuclear.
- 7:08Speaker 2: being granted, whether it's an old one that's being brought
- 7:11Speaker 2: back and given to some new player, or I don't
- 7:16Speaker 2: think any larger new ones will come online, but maybe
- 7:19Speaker 2: an existing one that will be given to a new player, potentially.
- 7:23Speaker 1: Gotcha. Gotcha. Do you know how many reactors we have
- 7:27Speaker 1: that aren't working right now?
- 7:31Speaker 2: I don't know exactly to that, but there's currently about
- 7:34Speaker 2: 94 civil nuclear reactors. in the U.S., and they bring
- 7:39Speaker 2: more back online, I would say. So it might be
- 7:43Speaker 2: a 95, 96 soon, but that was the last number
- 7:47Speaker 2: I researched.
- 7:49Speaker 1: Right on. Right on. Well, a couple things to knock
- 7:52Speaker 1: out here real quick. Everybody gets a gift on the show.
- 7:55Speaker 2: Okay.
- 7:56Speaker 1: So you make nuclear reactors.
- 8:00Speaker 2: I make gummy bears. Yes. I love gummy bears. Good deal.
- 8:04Speaker 2: I love gummy bears. Thank you.
- 8:07Speaker 1: And then I got a Patreon account. It's a subscription account.
- 8:10Speaker 2: Sure.
- 8:10Speaker 1: And they're the reason that I get to be here
- 8:12Speaker 1: with you today.
- 8:13Speaker 2: Right.
- 8:13Speaker 1: So one of the things I do is I offer
- 8:15Speaker 1: them the opportunity to ask every guest a question. And
- 8:18Speaker 1: this is from a former Navy nuke guy, Stephen Casey.
- 8:25Speaker 1: I'm a former U.S. Navy nuclear power operator of eight years.
- 8:29Speaker 1: What is the realistic risk associated with large-scale SMR use?
- 8:34Speaker 1: We had two years of intensive training before operating a reactor.
- 8:38Speaker 1: Nearly all nuclear accidents have been from a lack of
- 8:42Speaker 1: training slash disregarding safety protocols, which would seem to accelerate
- 8:47Speaker 1: with wide-scale SMR distribution. Recall Chernobyl, Three Mile Island, and
- 8:58Speaker 1: SL-1 in Idaho, a US Army reactor experiment. all of
- 9:03Speaker 1: which melted down based on failure to follow proper procedures.
- 9:07Speaker 1: Is this level of training for an SMR going to
- 9:10Speaker 1: be sufficient to prevent an accident?
- 9:13Speaker 2: Yes, it will be. And also, we have to look
- 9:16Speaker 2: at the technologies here. The technologies for small reactors and microreactors,
- 9:22Speaker 2: many of them are not using liquid coolants like the
- 9:25Speaker 2: big civil reactors like what Chernobyl and Fukushima, what happened there.
- 9:30Speaker 2: So these reactors, the new nuclear technologies, they use fuel
- 9:36Speaker 2: like Triso, which we use at NanoNuclear, where it's coated
- 9:41Speaker 2: with essentially tank armor. And it passively cools. It can
- 9:45Speaker 2: never explode. So training will be in a different type
- 9:49Speaker 2: of level, I would say. But the safety profile is
- 9:53Speaker 2: totally different. For example, we're building our Kronos MMR on
- 9:58Speaker 2: the campus of the University of Illinois. And literally across
- 10:03Speaker 2: the reactor is dorm rooms, right? Wow. So to answer
- 10:07Speaker 2: his question, it's a totally different ballgame here, I would say,
- 10:10Speaker 2: with new nuclear technologies, with microreactors. This is called a
- 10:14Speaker 2: Gen 4 reactor. or the walk-away safe reactors, I would
- 10:19Speaker 2: call it.
- 10:20Speaker 1: OK. OK. That's good. That's good to know. All right, Jay,
- 10:24Speaker 1: so let's get into your life story. We got into
- 10:27Speaker 1: it a little bit about where you grew up. I
- 10:30Speaker 1: think we got to about three years old.
- 10:32Speaker 2: Yeah, sure. So I'll take it a step back. So
- 10:36Speaker 2: my parents are from a farm in southern China by
- 10:40Speaker 2: Hong Kong, so in the tropical weather. Basically, I came
- 10:45Speaker 2: here when I was one years old. So I don't
- 10:47Speaker 2: even remember anything about China. I grew up on the
- 10:51Speaker 2: Upper West Side of New York.
- 10:54Speaker 1: Why did they come here?
- 10:55Speaker 2: They came here for a better life. You know, China
- 10:58Speaker 2: is not the China back then. I remember my dad
- 11:01Speaker 2: saying to me, you know, when he was extremely poor,
- 11:06Speaker 2: he would just eat rice and salt. Like having chicken
- 11:10Speaker 2: would be like, a luxury delicacy, right? So it was
- 11:17Speaker 2: really bad back then, I would say. But the China now,
- 11:21Speaker 2: when he goes back, he's like, he wants to live
- 11:23Speaker 2: there because he speaks the language. Over here, he never
- 11:29Speaker 2: really took on English. He knows enough to get by,
- 11:33Speaker 2: but because New York City, you could live in a
- 11:37Speaker 2: cultural bubble, right? So there's Chinatown, right? You just go,
- 11:42Speaker 2: my parents literally would just go shop in Chinatown, pick
- 11:45Speaker 2: up the food, see doctors there, do all their living,
- 11:51Speaker 2: day-to-day living there, buying things, medicine, pharmacies, and then just
- 11:56Speaker 2: bring it back to the Upper West Side. So that
- 11:59Speaker 2: culture didn't have to change for them. And New York
- 12:04Speaker 2: has that with the Latino community, with other cultures as well.
- 12:10Speaker 2: Like you could live in a cultural bubble. So my
- 12:13Speaker 2: parents really never learned full on English, even though they've
- 12:16Speaker 2: been here like 40 something years. Wow. Yeah.
- 12:19Speaker 1: Wow. So your dad would go back to China today,
- 12:23Speaker 1: you think?
- 12:24Speaker 2: Oh, he's been back. He loves it there. Recently though,
- 12:29Speaker 2: he's been diagnosed with early stage dementia. So he's kind
- 12:34Speaker 2: of rehabbing here and figuring things out. But yeah, he
- 12:37Speaker 2: wants to live in China. He just, he loves it.
- 12:40Speaker 2: It's the, it's, it's in a whole new world. I mean,
- 12:43Speaker 2: you go to some of these cities, they're more, um,
- 12:46Speaker 2: I would say technology savvy than the U S like
- 12:50Speaker 2: everything is at a fingertip. Um, everything, no one carries
- 12:54Speaker 2: cash anymore. Um, it's happening here, obviously. Cause what do
- 12:58Speaker 2: you think about that?
- 12:58Speaker 1: A lot of people are worried about a cashless society,
- 13:01Speaker 1: you know, Social credit score, all that kind of shit.
- 13:06Speaker 1: That's all going on over there.
- 13:07Speaker 2: Well, then you add in crypto, right? So this whole
- 13:11Speaker 2: digital renaissance too is happening. And that hard asset, that cash,
- 13:18Speaker 2: you would transact with merchants are fading, right? Everyone taps now.
- 13:25Speaker 2: China's been tapping for a while. No one carries cash anymore.
- 13:31Speaker 2: And he loves it out there just because certain areas,
- 13:35Speaker 2: he like, he's, he's lived in certain villages and he
- 13:38Speaker 2: is cheap. Right. So he could live like a King
- 13:40Speaker 2: out there where over in Manhattan, it's so expensive, right.
- 13:44Speaker 2: With inflation where out there it's kind of controlled, I
- 13:47Speaker 2: would say.
- 13:48Speaker 1: Right. What do you, I mean, what do you think
- 13:50Speaker 1: about that? Dad wants, wanted to go live in.
- 13:54Speaker 2: I mean, he's, he's been living, he's been traveling out there.
- 13:58Speaker 2: He'll ask me for some money. He was like, Hey son, like,
- 14:02Speaker 2: I'm having a good time out here. And you know what?
- 14:05Speaker 2: When I look back at his life too, he was
- 14:08Speaker 2: top of his class in high school. And then when
- 14:12Speaker 2: his teachers all said, hey, what college are you going to?
- 14:16Speaker 2: He said, I'm not going to college. My mom said
- 14:18Speaker 2: I have to work. So he picked up a trade,
- 14:21Speaker 2: which was carpentry. So he's always been a studious person.
- 14:25Speaker 2: Like every single day I see him reading the paper,
- 14:29Speaker 2: reading books. And I felt bad for him growing up
- 14:32Speaker 2: because I know his potential would have been tremendous. He
- 14:36Speaker 2: could have been a scholar. But because of his circumstances,
- 14:41Speaker 2: he had to pick up a trade. And now that
- 14:45Speaker 2: he goes back, he feels amazing. Like he could be someone,
- 14:50Speaker 2: I would say. So I supported him on that because
- 14:54Speaker 2: he put in the work. Um, to raise me and,
- 14:57Speaker 2: and I never had a close relationship with him, I
- 15:00Speaker 2: think because of the cultural difference and my, I would say.
- 15:05Speaker 2: Chinese is basically kindergarten level. So I can never argue
- 15:09Speaker 2: with my parents. It's like, stop or like I'm hungry,
- 15:13Speaker 2: you know, like I could never really get into it
- 15:17Speaker 2: with them.
- 15:18Speaker 1: So that is fucking wild, man.
- 15:20Speaker 2: So I, so I could talk about the foods I
- 15:23Speaker 2: like and things, but I could never get deep, like,
- 15:26Speaker 2: emotionally connected with my parents. And I think that is
- 15:29Speaker 2: the issue with me being Americanized. It's just I lack that, like,
- 15:35Speaker 2: understanding of their history. And they would tell me certain things,
- 15:39Speaker 2: and I understood, you know, parts of it, but I
- 15:43Speaker 2: never understood the whole picture, I would say.
- 15:49Speaker 1: If you spend any time hunting, you already know venison
- 15:52Speaker 1: is one of the cleanest proteins you can eat. It's lean,
- 15:56Speaker 1: it's high in protein, and it's loaded with iron and
- 15:59Speaker 1: B vitamins. No feedlots, no confinement, none of the stuff
- 16:03Speaker 1: that comes with mass-produced beef. But the axis deer on
- 16:07Speaker 1: Maui are in a different category of their own. Different animal,
- 16:11Speaker 1: different environment, different diet, and you can taste it. It's cleaner, milder,
- 16:16Speaker 1: far less gamey, and nutritionally impressive. Really unique meat. The
- 16:22Speaker 1: problem is, you can't just go out and get it.
- 16:25Speaker 1: In most places, harvesting and selling wild game is heavily restricted,
- 16:29Speaker 1: if not outright illegal. That makes real axis venison almost
- 16:34Speaker 1: impossible to find. There's one company that's figured out how
- 16:37Speaker 1: to do it the right way, and that's Maui Nui.
- 16:41Speaker 1: I was actually introduced to them by my friend Peter Attia,
- 16:44Speaker 1: and once I saw what they were doing, it made
- 16:46Speaker 1: a lot of sense. They harvest wild axis deer on Maui,
- 16:51Speaker 1: process it immediately, and ship it to the mainland frozen.
- 16:55Speaker 1: all under full USDA inspection. With beef prices climbing and
- 16:59Speaker 1: ranchers under pressure, I've been eating a lot more Maui Nui.
- 17:03Speaker 1: The jerky sticks, the always summer sausage, the bone broth,
- 17:07Speaker 1: all great. Extremely high in protein for the calories, no
- 17:12Speaker 1: added sugar, easy to work into daily life, and I
- 17:15Speaker 1: feel noticeably better when I'm eating it regularly. If you're curious,
- 17:20Speaker 1: check out Maui Nui. It's spelled M-A-U-I. Maui, like the island.
- 17:27Speaker 1: In N-U-I, Nui, which means big. I'm telling you guys,
- 17:32Speaker 1: this stuff is the real deal. Go to mauinuivenison.com slash
- 17:37Speaker 1: SRS right now. So are you, would you consider yourself
- 17:44Speaker 1: close with your parents?
- 17:45Speaker 2: No, of course I'm close, like with my mom and
- 17:48Speaker 2: my dad. But, you know, I just don't, because I
- 17:53Speaker 2: have to operate so many companies and my time, I
- 17:57Speaker 2: try to visit him. Like currently he's in the hospital,
- 18:00Speaker 2: my dad, for the rehabbing from dementia. And also he
- 18:04Speaker 2: hurt himself recently. So he is getting older. So I'm
- 18:07Speaker 2: trying to visit him more, spend more time with him. And,
- 18:11Speaker 2: you know, he really enjoys my time when I see him.
- 18:15Speaker 2: I think he'll ask me for like money. And I'm like, why?
- 18:21Speaker 2: You're in the hospital. Where are you going to? But
- 18:23Speaker 2: I think he's like giving it to the nurses to like,
- 18:27Speaker 2: you know, maybe he's like, yeah, scrub my balls or something.
- 18:31Speaker 2: I don't know, right? But who knows? Who knows what's happening?
- 18:37Speaker 2: And I'm like, why do you need money? And he's like,
- 18:39Speaker 2: just give me money. And then I think his early
- 18:42Speaker 2: dementia is kicking in. He'll say to me, He's like,
- 18:44Speaker 2: are we going to have a barbecue tomorrow? And I'm like, yeah.
- 18:49Speaker 2: What do you want? You want some sweet and sour pork?
- 18:53Speaker 2: You want some barbecue chicken? So I just play along
- 18:57Speaker 2: with some of the stuff he says. And I'm just
- 19:01Speaker 2: adding to the fun. I'm making him happy. All I
- 19:05Speaker 2: care about is just making the guy happy.
- 19:07Speaker 1: That's cool, man. That's cool. So how did you, you
- 19:11Speaker 1: grew up in the Bronx.
- 19:12Speaker 2: No, I grew up on the Upper West Side. He
- 19:15Speaker 2: worked in the Bronx. So I grew up on the
- 19:18Speaker 2: Upper West Side. There's a movie out there called Little Manhattan.
- 19:24Speaker 2: And it's about a kid who grows up pretty much
- 19:27Speaker 2: in a one mile radius of Manhattan. That's like my life.
- 19:32Speaker 2: So I grew up on the Upper West Side. I
- 19:35Speaker 2: would say a few avenues away is Central Park. It's
- 19:41Speaker 2: close to a synagogue. And then I grew up with
- 19:44Speaker 2: a lot of Latinos. So early on, they would teach
- 19:49Speaker 2: me curse words, right? So I'll learn all these curse
- 19:54Speaker 2: words and we'll be at like the park or, you know,
- 19:58Speaker 2: playing basketball or even manhunt in the Museum of Natural History.
- 20:02Speaker 2: That's a pretty cool situation. Stickball on the street, right?
- 20:06Speaker 2: So I grew up like that typical inner city kid And,
- 20:11Speaker 2: but it got me in trouble. Like those words they
- 20:14Speaker 2: taught me in Spanish regurgitated to other Spanish kids. And
- 20:18Speaker 2: they're like, and I got into many fights. Cause I
- 20:21Speaker 2: remember one time I said something about your mother is dead.
- 20:25Speaker 2: All right. It translated to something like that. And the
- 20:27Speaker 2: guy was like, my mom is dead. And then I
- 20:29Speaker 2: was like, fuck. And then he waited for me to
- 20:34Speaker 2: jump me with like 10 other kids. So literally I
- 20:37Speaker 2: grew up like that inner city life. Um, and you know,
- 20:42Speaker 2: I think it built a lot of character in me. Uh,
- 20:45Speaker 2: but yeah, I would never trade it now. Like I
- 20:48Speaker 2: really enjoy living and growing up in, in Manhattan and
- 20:50Speaker 2: a lot of people, how do you grow up in Manhattan?
- 20:53Speaker 2: It's crazy. They are residential pockets of it, you know, um,
- 20:57Speaker 2: like the upper west side where it is more residential.
- 21:00Speaker 2: There's not like skyscrapers everywhere.
- 21:03Speaker 1: Right.
- 21:03Speaker 2: Yeah.
- 21:06Speaker 1: I've always wondered what childhood would be like in Manhattan.
- 21:11Speaker 2: You can't have any guns.
- 21:13Speaker 1: That's why I don't live there.
- 21:14Speaker 2: Yeah, there you go.
- 21:17Speaker 1: But, yeah, it's just like a whole other world to me.
- 21:21Speaker 2: I grew up out in the woods.
- 21:24Speaker 1: Yeah. So were you into entrepreneurship business at a young age?
- 21:31Speaker 2: Yeah, I think, you know, living in Manhattan, you have
- 21:35Speaker 2: that socioeconomic kind of separation, right? You see... Just moving
- 21:41Speaker 2: over one block, there's million-dollar homes, right? Condos, brownstones. And
- 21:51Speaker 2: you move two avenues away, it's tenement buildings, walk-ups, no elevators.
- 21:57Speaker 2: And I call it railroad apartments where it's a long,
- 22:02Speaker 2: narrow hall. And it's like, there's your kitchen. There's your bathroom.
- 22:07Speaker 2: There's your first bedroom. And then it leads into another
- 22:10Speaker 2: small bedroom. So the discrepancy is always there. And this
- 22:15Speaker 2: is why I think there's a new mayor, right? Because
- 22:19Speaker 2: he's saying, hey, I'm going to try to fix that
- 22:22Speaker 2: discrepancy with the rich and the poor and give more
- 22:28Speaker 2: of that medium sense to people where they could have
- 22:32Speaker 2: a better life, right? So I grew up in that
- 22:34Speaker 2: type of situation where I see kids having all these,
- 22:40Speaker 2: you know, like luxuries and they could eat certain things
- 22:43Speaker 2: and I couldn't. And I would ask my parents, like,
- 22:45Speaker 2: why can't I do that? But I realized that, look,
- 22:49Speaker 2: you know, we just didn't have it financially, right?
- 22:51Speaker 1: Yeah, yeah. What, go down a little rabbit hole, I mean,
- 22:56Speaker 1: you live in Manhattan, right?
- 22:58Speaker 2: Yes.
- 22:58Speaker 1: What is the sentiment about Memdani, you know? I think...
- 23:05Speaker 1: I see a lot of people excited. I also see
- 23:07Speaker 1: a lot of people pissed.
- 23:08Speaker 2: I think initially there's that mad rush situation with anything
- 23:13Speaker 2: that happens that's new. And in the New York Post,
- 23:18Speaker 2: I was reading a ton of people are buying houses
- 23:21Speaker 2: in Connecticut because they're trying to get out now, especially
- 23:26Speaker 2: the ultra high net worth They're just trying to move
- 23:30Speaker 2: out because of the increased taxes, right? If you add 1%, 2%,
- 23:34Speaker 2: that makes a huge difference to some of these larger whales,
- 23:38Speaker 2: I would call them. So there's this frenzy of buying
- 23:41Speaker 2: houses kind of in the surrounding tri-state area and getting
- 23:46Speaker 2: away from that. But at the same time, you know,
- 23:50Speaker 2: I was in that world, right? Like I was in
- 23:52Speaker 2: the world where my parents didn't have much money. So
- 23:56Speaker 2: I recognize why people voted for him. Right. So people with,
- 24:02Speaker 2: let's say where I'm at now there, I see why
- 24:06Speaker 2: also they want to run away now. Um, because they
- 24:09Speaker 2: think this is me too much, too much liberal things
- 24:13Speaker 2: going on. Like even the police already. Um, I mean, it's,
- 24:17Speaker 2: it's been, it's been well known that they don't have
- 24:20Speaker 2: enough power anymore. Like people aren't scared of the police. Right.
- 24:24Speaker 2: When I grew up, we're, we're, we're terrified. Like you're
- 24:28Speaker 2: smoking a joint somewhere on the corner, you're like, oh
- 24:30Speaker 2: my God, oh my God, I'm going to die. And
- 24:33Speaker 2: then not only that, your parents, you come from immigrant parents,
- 24:37Speaker 2: they're going to whip your ass, you know? Like my mom,
- 24:40Speaker 2: my dad will take it.
- 24:40Speaker 1: Well, you were probably growing up right when Giuliani and
- 24:43Speaker 1: Bernie Kerik were cleaning the city up, right?
- 24:45Speaker 2: Yeah. Actually, I remember Giuliani, when he was advocating for votes,
- 24:50Speaker 2: he was out on a subway stop, I came out
- 24:56Speaker 2: and he's like handing out like vote for me. No shit.
- 24:59Speaker 2: I remember I was, I was, I was, I think
- 25:01Speaker 2: I was in high school, like, or something, but I
- 25:04Speaker 2: remember all of that too. Um, you know, yeah. When
- 25:08Speaker 2: that all happened, you know, New York was a different place. Uh,
- 25:12Speaker 2: I remember, you know, I think, I think Bloomberg started
- 25:15Speaker 2: that like stop and frisk thing situation. And then And
- 25:20Speaker 2: then he went back when, I think he ran for
- 25:23Speaker 2: president recently, and he was like, oh, that was wrong
- 25:25Speaker 2: of me. But is it wrong? Like, you know, does
- 25:30Speaker 2: it make New York safer? You just have to think
- 25:32Speaker 2: about this stuff. Yeah, yeah.
- 25:34Speaker 1: What do you think? I mean, are you excited he's
- 25:36Speaker 1: in there?
- 25:37Speaker 2: I mean, I'm always indifferent about things. I mean, I
- 25:40Speaker 2: don't like the fact that there will be higher taxes potentially. But,
- 25:44Speaker 2: you know, like I said, I've been on both sides, so.
- 25:47Speaker 2: You know, I'm indifferent. I have to see what he accomplishes. Like,
- 25:52Speaker 2: I can't really rush to judgment right now. Yeah.
- 25:56Speaker 1: Yeah.
- 25:56Speaker 2: Good way to be. Yeah.
- 25:57Speaker 1: All right. Well, let's keep going with your childhood.
- 26:00Speaker 2: Sure. Yeah. So, you know, grew up on the Upper
- 26:04Speaker 2: West Side, went to junior high school, Columbus Academy, which
- 26:10Speaker 2: was 10 blocks away. Then went to high school called
- 26:15Speaker 2: High School for Environmental Studies. So maybe once again, there's
- 26:19Speaker 2: some type of foreshadowing there. And that was a mile away, right?
- 26:26Speaker 2: And after graduating, I felt like, you know what? I'm
- 26:29Speaker 2: just gonna work and go to school. That's what many,
- 26:33Speaker 2: I would say, New Yorkers do. They go to school
- 26:36Speaker 2: and work at the same. So they commute, right? They're
- 26:39Speaker 2: not going away to, you know, some universities and taking
- 26:43Speaker 2: out massive loans. Like I'd rather stay put, work, At
- 26:48Speaker 2: the same time, go to a city college where it's
- 26:51Speaker 2: not that expensive. There's government subsidies. So that's what I did.
- 26:55Speaker 2: But I took a long route. I started at one college, Baruch.
- 27:01Speaker 2: Wasn't ready for college, so I left. And also, I
- 27:04Speaker 2: think I just felt too poor in life. So I
- 27:08Speaker 2: ended up working three part-time jobs. So three jobs. And
- 27:14Speaker 2: then I realized I need that paper. I need that diploma.
- 27:18Speaker 2: I sucked it up. I actually ended up in community college.
- 27:22Speaker 1: So you weren't like a phenomenal student or anything?
- 27:25Speaker 2: Not book smart at all. I really hated school. I mean,
- 27:29Speaker 2: I graduated with a C-minus average in psychology. And the
- 27:32Speaker 2: reason why I picked psychology is the easiest subject. So
- 27:37Speaker 2: I literally wanted to just get the fuck out. Literally.
- 27:41Speaker 1: A C-minus average?
- 27:42Speaker 2: C-minus average. I was like, let me get the fuck,
- 27:45Speaker 2: let me get out, right? And... And I graduated, and
- 27:50Speaker 2: I was like, that's all I need, that piece of paper,
- 27:53Speaker 2: because that's not going to determine my future. I'm going
- 27:56Speaker 2: to determine my future. And during that time, I would say,
- 28:01Speaker 2: this is when I call it the matrix happened for me.
- 28:05Speaker 2: And the matrix to me is being able to figure
- 28:09Speaker 2: things out and getting to where you want to get to,
- 28:13Speaker 2: but doing it in a different angle, I would say,
- 28:15Speaker 2: like a loophole, you could call it. I was going
- 28:20Speaker 2: to school at City College in Harlem of New York
- 28:24Speaker 2: and getting my C- degree out there. And then I
- 28:30Speaker 2: was working full-time at Columbia University, which is an Ivy League.
- 28:35Speaker 2: So once again, that discrepancy there. So what I realized
- 28:41Speaker 2: when I was working at Columbia is value creation. So
- 28:46Speaker 2: value creation to me is what can you do for
- 28:51Speaker 2: that employer or that company to keep you or to
- 28:56Speaker 2: keep promoting you, right? So what I did at Columbia
- 28:59Speaker 2: is they had this archaic financial system there, like multiple systems,
- 29:05Speaker 2: accounts payable, receivable, et cetera. And I learned every single
- 29:12Speaker 2: financial system, okay? And so when Columbia restructured their departments,
- 29:17Speaker 2: They put a business manager in each one. And I
- 29:21Speaker 2: was about 21 years old, didn't finish college yet, so
- 29:26Speaker 2: I didn't even have my bachelor's degree. But I created
- 29:28Speaker 2: value for them because I knew all their systems and
- 29:31Speaker 2: how to operate that. So when they were restructuring, I
- 29:34Speaker 2: applied for that. But the requirements was a bachelor's degree
- 29:38Speaker 2: with three years of experience. Didn't have that, but I
- 29:42Speaker 2: created value because I learned all their archaic systems. So
- 29:48Speaker 2: they gave me a chance. They gave me the job.
- 29:52Speaker 2: And my assistant actually had her master's degree.
- 29:55Speaker 1: Are you serious?
- 29:56Speaker 2: Yeah. She was fucking pissed at me. She was like,
- 29:59Speaker 2: who's this fucking young Asian kid? Is my boss now?
- 30:04Speaker 2: But I became the business manager of the history department.
- 30:08Speaker 2: And I see you have a ton of history here
- 30:12Speaker 2: of things. So I admire that. And because I created value.
- 30:19Speaker 2: And then what came with that is I get to
- 30:21Speaker 2: take classes for free in Ivy League. So I'm like, hold, wait.
- 30:26Speaker 2: You're telling me I could be an Ivy leaguer, even
- 30:31Speaker 2: though I'm getting a C minus average up in City
- 30:34Speaker 2: College of New York and Harlem, right? It's only a
- 30:36Speaker 2: couple stops away, so it was close by. And then
- 30:40Speaker 2: at that point, you know, I was in charge of,
- 30:44Speaker 2: I think, a dozen people in the history department. They
- 30:48Speaker 2: all reported to a 21-year-old kid, but because I created
- 30:52Speaker 2: value and I knew all their archaic systems, and I
- 30:55Speaker 2: helped professors with their financial reporting as well, because they
- 30:59Speaker 2: all get these massive grants, right? And I was able to,
- 31:03Speaker 2: you know, re like put them together, report it properly,
- 31:08Speaker 2: and then also help, help with their travels and et cetera, expenses.
- 31:12Speaker 2: So that part created value. And then the next part
- 31:16Speaker 2: is what I realized too, is at CUNYs or city
- 31:21Speaker 2: colleges in New York, you get the tier two, three jobs, right?
- 31:28Speaker 2: You get different companies recruiting these students from the tier two,
- 31:33Speaker 2: tier three companies. Tier one companies go to the Ivy Leagues.
- 31:38Speaker 2: And then I said to myself, I need to become
- 31:41Speaker 2: a student. The only reason? So I could get into
- 31:46Speaker 2: the job database. So that's what I did. And this
- 31:49Speaker 2: is where the matrix happened for me. I was able
- 31:53Speaker 2: to convince... the dean to let me in, that I'm
- 31:57Speaker 2: going to take, this is after I graduate. I just
- 31:59Speaker 2: graduated my psychology degree, C minus average. He was like,
- 32:03Speaker 2: you got a C minus average. Like, I can't let
- 32:05Speaker 2: you in here. And I'm like, look, I just want
- 32:08Speaker 2: to take a few classes. It's not a big deal.
- 32:11Speaker 2: And then I got recommendations from the professors I worked for.
- 32:15Speaker 2: So they all wrote me recommendations. So the dean's like, fine.
- 32:19Speaker 2: So I started becoming a student. Obviously I'm going to fail. Like,
- 32:26Speaker 2: I didn't care, right? I cared about the job, the
- 32:29Speaker 2: tier one jobs in there. And guess where that job
- 32:32Speaker 2: came from? Deutsche Bank, which is an investment bank at
- 32:38Speaker 2: 60 Wall Street in Manhattan. So I said, okay, I'm
- 32:41Speaker 2: going to apply for all these investment banking jobs. I
- 32:44Speaker 2: would literally make it to the top three of each one,
- 32:47Speaker 2: but I had no experience, right? And then at Deutsche Bank,
- 32:51Speaker 2: the managing director, I literally said to him, look, I'm
- 32:54Speaker 2: going to work harder than anybody out there on the
- 32:58Speaker 2: trading floor. I work full time. I went to school
- 33:01Speaker 2: full time. So hard work was nothing new to me.
- 33:03Speaker 2: And I'm going to bust my ass. And I'll learn everything.
- 33:06Speaker 2: It's a job. I'm going to do it every day.
- 33:09Speaker 2: I'm going to get really good at it. I'll stay
- 33:11Speaker 2: last here. And he basically was like, I like it.
- 33:18Speaker 2: And I graduated. I was probably like 24. So most
- 33:23Speaker 2: people graduate, what, 21, 22? I was 24. So it's
- 33:27Speaker 2: a bit older, but more life lessons, I would say,
- 33:30Speaker 2: and work experience than just coming out of college.
- 33:34Speaker 1: When you talk about the matrix, can you be a
- 33:38Speaker 1: little more specific?
- 33:39Speaker 2: Yeah, so the matrix to me is figuring things out,
- 33:44Speaker 2: but doing it in a way where it's reachable. Like
- 33:48Speaker 2: for me to get that job on Wall Street, What
- 33:51Speaker 2: happened to me is I grew up in Manhattan, so
- 33:54Speaker 2: I said, where do you make money? Where's all the
- 33:58Speaker 2: money coming from? Wall Street. So how do I get there?
- 34:02Speaker 1: So you figure out the goal and reverse engineer how
- 34:04Speaker 1: to get there.
- 34:05Speaker 2: Exactly. You just have to figure out how to get there,
- 34:10Speaker 2: but do it in a way where it's actually doable,
- 34:14Speaker 2: like the way I've done it. And this is why
- 34:17Speaker 2: I say I shouldn't be here, just because I figure
- 34:20Speaker 2: things out. And I had friends too, for example, this
- 34:23Speaker 2: was a slick thing on resumes. They went to school
- 34:29Speaker 2: four years, but they never graduated. But the employer thinks
- 34:33Speaker 2: you graduated. But they could have gone part-time for four years, right?
- 34:39Speaker 2: So they'll submit their resume. And a lot of these
- 34:41Speaker 2: banks at the time, I mean, maybe back then, I
- 34:44Speaker 2: don't know about now, but they wouldn't even check. I
- 34:47Speaker 2: think their HR departments, oh, they have four years at
- 34:50Speaker 2: this college? All right, that means he has his degree.
- 34:54Speaker 2: They'll let him in. And some of my friends would
- 34:56Speaker 2: get jobs too on Wall Street because they put four years.
- 35:00Speaker 1: No shit.
- 35:01Speaker 2: Yeah. I didn't do that. I did it differently, but
- 35:04Speaker 2: I got my C-minus average. So they didn't graduate, but
- 35:09Speaker 2: I did. So yeah, I was there from up till 2009.
- 35:13Speaker 2: This is when the big bank meltdown happened and the
- 35:18Speaker 2: financial crisis. I mean, I think Citibank was a dollar
- 35:21Speaker 2: a share. Everyone was losing money. It was a recession.
- 35:28Speaker 2: So I left. I saw my bonuses and my pay
- 35:33Speaker 2: pretty much vanish. So I had to reinvent myself.
- 35:38Speaker 1: How did you do that?
- 35:39Speaker 2: So in 2009 left, I saved up some money and
- 35:44Speaker 2: essentially started investing into startups and seeing how these startups
- 35:56Speaker 2: over time were being built. And I think that's where
- 35:59Speaker 2: I learned how to build a company.
- 36:02Speaker 1: What kind of startups were you interested in?
- 36:05Speaker 2: For example, it'll be very diversified. I didn't know what
- 36:09Speaker 2: I was doing, right? So I would just put small
- 36:12Speaker 2: amounts of money, like 10 grand, 20 grand into certain things.
- 36:18Speaker 2: But the real experience I learned from that was, you know,
- 36:22Speaker 2: when you lose, you don't lose the lesson. So, you know,
- 36:25Speaker 2: many startups fail. Let's admit that. But mainly what I
- 36:30Speaker 2: realize is the egos of the founders. Also the capabilities.
- 36:37Speaker 1: The egos of the founders?
- 36:38Speaker 2: Yes.
- 36:39Speaker 1: What do you mean by that?
- 36:40Speaker 2: When I say that is founders, when they raise a
- 36:44Speaker 2: certain amount of money, their heads get big. They get
- 36:48Speaker 2: their 15 minutes of fame and they think, oh, I
- 36:51Speaker 2: made it. But to me, that's just the first step.
- 36:55Speaker 2: You got to keep going. But many of these founders
- 36:57Speaker 2: that I've invested in, they had the egos. They didn't
- 37:01Speaker 2: have egos before, but once they got money, it changed them.
- 37:04Speaker 2: And they became bad operators. They weren't genuine with what
- 37:08Speaker 2: they actually say they're going to do. Right. So I
- 37:13Speaker 2: think that is one of the issues I've seen on
- 37:15Speaker 2: how many of these startups fail is the egos of
- 37:18Speaker 2: the founders or the executives. They won't listen anymore. They
- 37:22Speaker 2: don't care about their shareholders, what they say. They're just
- 37:26Speaker 2: going to do whatever they want to do, right? And
- 37:29Speaker 2: some of them even commit fraud. Some of them buy
- 37:32Speaker 2: cars for themselves, do things. I mean, this is how
- 37:38Speaker 2: it works, right? Like if your intentions aren't good from inception...
- 37:42Speaker 2: It's never going to be good.
- 37:46Speaker 1: What else do you look for in founders?
- 37:49Speaker 2: I look for integrity. Their story, too, is important about
- 37:54Speaker 2: their life, I would say. And it's not even about
- 38:00Speaker 2: track record. It's more about their integrity and what they've
- 38:05Speaker 2: gone through, like myself, right? And who surrounds them, too,
- 38:10Speaker 2: like talking to some of their other executives. If they're
- 38:14Speaker 2: like buddy buddies and they don't really care how you
- 38:20Speaker 2: feel in the future, like you could sense these things.
- 38:23Speaker 2: And this is where I guess I have a good
- 38:26Speaker 2: knack for that. I have a good knack with meeting
- 38:30Speaker 2: someone in the first five minutes I could tell who
- 38:33Speaker 2: they are. I mean, I could tell from their voice.
- 38:36Speaker 2: You know when you meet people and you've sensed like
- 38:38Speaker 2: they're fake? I could sense that, and I lose interest
- 38:42Speaker 2: really fast with people like that. But you could sense
- 38:47Speaker 2: these things. You could ask certain questions. And you've been
- 38:51Speaker 2: part of some agencies that interrogate things, right? So these
- 38:57Speaker 2: subtle type of things, like, oh, you said that you
- 39:03Speaker 2: raised $ 100, 000, and you put $ 50, 000, but now you're but
- 39:10Speaker 2: I realized you didn't put that money in. So, you know,
- 39:13Speaker 2: these little clues, like, you'll just talk to them over
- 39:17Speaker 2: dinner or a drink, and they won't connect, right? These
- 39:23Speaker 2: certain little lines they say to you in the beginning
- 39:25Speaker 2: won't connect the second or third time you meet them.
- 39:28Speaker 1: Gotcha.
- 39:29Speaker 2: So founders is integrity, egos, right? You got to stay humble,
- 39:34Speaker 2: even if you raise a lot of money or do things.
- 39:37Speaker 2: And I think that's why I've been successful is because
- 39:41Speaker 2: I say what I'm going to do. And also I'm
- 39:44Speaker 2: a genuine person. I'm probably a guy where if we
- 39:47Speaker 2: do a handshake deal, I'll honor it. That deal, right?
- 39:51Speaker 2: Like there's very few people, I think, in this world
- 39:54Speaker 2: that would do that these days. Like everyone cares about themselves. Yeah.
- 39:58Speaker 2: And I care more about the longer term than the
- 40:01Speaker 2: short term.
- 40:02Speaker 1: It's like a long play.
- 40:03Speaker 2: Yes. I'm in it for the long haul.
- 40:05Speaker 1: Nice.
- 40:06Speaker 2: And this is where also, you know, transitioning into nano,
- 40:10Speaker 2: we could talk about that. I absolutely want.
- 40:14Speaker 1: To talk about that. The number one IPO of 2024. Yes,
- 40:17Speaker 1: we're talking about that.
- 40:19Speaker 2: I'll tell you a little bit about that too. I
- 40:23Speaker 2: don't blame a lot of the people who bet against
- 40:27Speaker 2: Nano because if you look at it from their perspective,
- 40:31Speaker 2: you have this big Asian guy from New York City,
- 40:35Speaker 2: public school kid, never took a company public from inception.
- 40:42Speaker 2: And out of nowhere, he's building nuclear reactors, impossible. So,
- 40:49Speaker 2: you know, what happened is a ton of hedge funds
- 40:52Speaker 2: bet against us. Uh, and they said, no way this
- 40:55Speaker 2: is happening. And, but they don't understand my history. They
- 40:59Speaker 2: don't understand. I came from nothing. So I have nothing
- 41:01Speaker 2: to lose, right? Like I have something to prove. I
- 41:05Speaker 2: have a legacy to build my CEO who I recruited, uh,
- 41:11Speaker 2: He went to the top boarding school in the UK.
- 41:16Speaker 2: He was poor. How did he get there? He wrote
- 41:18Speaker 2: his own essay to get in. His IQ is off
- 41:22Speaker 2: the charts. He's a nuclear physicist, engineer, worked in nuclear subs,
- 41:26Speaker 2: minister of defense, worked at Rolls-Royce. So he has everything.
- 41:31Speaker 2: But they bet against us because they're like, this is
- 41:33Speaker 2: not possible. These guys are going to do this. But
- 41:37Speaker 2: they don't understand that we work till 4 a.m. in
- 41:39Speaker 2: the morning while they're all.
- 41:42Speaker 2: I would say we're, we're, we're grinding. We're, we're, we're,
- 41:45Speaker 2: we're cut from the same cloth. We're going to battle. We're,
- 41:47Speaker 2: we're warriors. Right. Um, and they underestimated nano. And I
- 41:54Speaker 2: think what happened is they bet against us and, you know,
- 41:59Speaker 2: our stock ran. And I think, uh, we were up
- 42:03Speaker 2: like six, 700%. We were the number one IPO performer
- 42:08Speaker 2: in America. And if we shocked the world and, And
- 42:11Speaker 2: not only that, like all these institutional guys, money, banks,
- 42:17Speaker 2: they started looking at us different. They're like, wait, the
- 42:21Speaker 2: people joining them and the things they're doing, there's something
- 42:26Speaker 2: here because why would these former US national leaders be
- 42:29Speaker 2: joining Jay and James, right? And how's this possible? Like,
- 42:35Speaker 2: how are these generals joining these guys? Like, It's because
- 42:40Speaker 2: when I meet them, I could do a handshake and
- 42:43Speaker 2: I honor my work and I've delivered. So that is
- 42:48Speaker 2: kind of what I'm built about. And even my CEO,
- 42:53Speaker 2: when I recruited him, he told me I was crazy.
- 42:58Speaker 2: He said, you know, I changed countries and industries and
- 43:03Speaker 2: you're bringing me back into nuclear? He's like, there's no
- 43:06Speaker 2: money in nuclear. And I said, No, I think, you know,
- 43:12Speaker 2: there's a certain area in nuclear, micro-reactors, which is categorized
- 43:16Speaker 2: as 20 megawatts or less. There's no commercial micro-reactor in
- 43:20Speaker 2: the world. So if we're able to jump in, we
- 43:24Speaker 2: could make some noise there. And, you know, what I
- 43:28Speaker 2: realized about nuclear physicists and engineers is they're almost like
- 43:32Speaker 2: doctors where if there's a dying person in front of them,
- 43:35Speaker 2: they're going to help them. But their curiosity of building
- 43:41Speaker 2: something is what drives them. So he naturally said, okay, I'll, I'll,
- 43:46Speaker 2: I'll take this leap of faith with you. And ever
- 43:50Speaker 2: since then, he's like, thank you. You know, like you
- 43:53Speaker 2: changed my life. Um, and you were right. I, I
- 43:57Speaker 2: didn't see something that, that, that you saw. Uh, but
- 44:01Speaker 2: what I saw at the time is I saw solar
- 44:04Speaker 2: and wind. Um, especially many stocks, they were tapering off.
- 44:08Speaker 2: They were already really high. Government subsidies have boosted them.
- 44:14Speaker 2: And all these countries that we're talking about net zero goals,
- 44:20Speaker 2: by 2035, 2040, how are you going to get there
- 44:24Speaker 2: without nuclear? That was my thesis. I was like, I
- 44:28Speaker 2: don't get how all these countries are going to reach
- 44:31Speaker 2: these net zero goals and decarbonize their countries without nuclear.
- 44:36Speaker 2: And then this is where kind of the aha moment
- 44:39Speaker 2: when I brought in my number two, we said, this
- 44:42Speaker 2: is where we're gonna focus on. And then I could
- 44:45Speaker 2: tell you what happened next.
- 44:50Speaker 1: We've all seen it. The Department of War is operating
- 44:53Speaker 1: in a world that's changing faster than ever. That's why
- 44:57Speaker 1: so many guests on my show talk about the importance
- 45:00Speaker 1: of continued innovation and technology in the military. But here's
- 45:04Speaker 1: the problem. Working with the Department of War can be complex.
- 45:08Speaker 1: For many companies, the process isn't always transparent. It's hard
- 45:12Speaker 1: to know who the right stakeholders are, where the decisions
- 45:15Speaker 1: are made, or how funding actually moves. Even when you
- 45:19Speaker 1: get the right conversation started, you often hear the same responses.
- 45:24Speaker 1: We like the technology, but funding is already allocated. Or,
- 45:28Speaker 1: check back next fiscal year. That leaves a lot of
- 45:31Speaker 1: capable teams with strong products, but no clear path forward.
- 45:36Speaker 1: That's where my friends at SBIR Advisors come in. They've
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- 47:24Speaker 1: Real quick, before we go into what happened next, I'm just,
- 47:27Speaker 1: I mean, so you must have made a substantial amount
- 47:32Speaker 1: of money through your, I mean, were you with a
- 47:36Speaker 1: VC firm or were you private?
- 47:38Speaker 2: No, I was just by myself. Yeah, I mean, I
- 47:40Speaker 2: was able to, what I was really good at is
- 47:43Speaker 2: picking trends in the future. So one trend I was
- 47:48Speaker 2: very heavily involved was cannabis, the rise of cannabis, right?
- 47:53Speaker 2: In New York City, every corner has like a cannabis
- 47:57Speaker 2: store now, but back then everything's illegal. So what happened
- 48:01Speaker 2: here was in Canada, there was a tremendous amount of
- 48:05Speaker 2: companies that were going public up in Canada. And I
- 48:10Speaker 2: invested in many of those companies that were, you know,
- 48:13Speaker 2: pre IPO or private companies. So I had that knack,
- 48:19Speaker 2: I would say, of predicting that as well. And then Um,
- 48:23Speaker 2: and then in the meantime, I was investing into other companies, biotechs,
- 48:27Speaker 2: but once again, many of them failed, but the ones
- 48:30Speaker 2: that I picked, like the sector focused ones, there were
- 48:34Speaker 2: many of them would succeed. Not all of them, but
- 48:36Speaker 2: many of them would succeed. And then for example, gold,
- 48:41Speaker 2: when gold was 900 an ounce, I, I, I, I
- 48:45Speaker 2: actually liked the price of gold at that time. Now
- 48:47Speaker 2: we reached over 4,000 an ounce, but I remember I
- 48:51Speaker 2: was in, um, and I was with a hedge fund
- 48:54Speaker 2: buddy of mine, and we were in the richest area
- 49:00Speaker 2: of London, which is called Mayfair. And I was like,
- 49:04Speaker 2: I really like it, but I'm tired of writing a
- 49:07Speaker 2: check to these companies and not knowing, and then the
- 49:12Speaker 2: executives can't execute and operate. So I was able to
- 49:16Speaker 2: convince him to put a structured deal together. He was
- 49:21Speaker 2: able to find an asset up in Canada. We raised
- 49:27Speaker 2: money and took it public. And it was called Mayfair Gold.
- 49:32Speaker 2: So I think right now it's still worth, you know,
- 49:35Speaker 2: 300 something million. We've raised over 100 something million. Oh, shit. And,
- 49:42Speaker 2: you know, there's been a tremendous amount of interest now
- 49:46Speaker 2: in that. You know, so I've always had a knack
- 49:51Speaker 2: for picking, I would say, sectors. But when I turned
- 49:54Speaker 2: 40 and this whole nuclear thing, like I had this
- 49:58Speaker 2: feeling about nuclear, I said, you know what? I'm tired
- 50:02Speaker 2: of writing checks to people. I'm going to invest in myself.
- 50:07Speaker 2: And when I used to... go with some of these
- 50:09Speaker 2: company executives to, they call it non-deal roadshows or deal roadshows,
- 50:16Speaker 2: meaning they're raising capital or they're marketing their company. I
- 50:20Speaker 2: was never impressed by these guys. I would go and
- 50:23Speaker 2: they'll raise all this money. And I'm like, that's it? Like,
- 50:28Speaker 2: this is what I'm up against? And I said, I'm
- 50:33Speaker 2: going to build, I think I could build the company
- 50:35Speaker 2: better than these guys. And, you know, My thesis was right,
- 50:39Speaker 2: but it takes a lot of work. It takes a
- 50:42Speaker 2: lot of human capital connection. Like for instance, let's go
- 50:49Speaker 2: back to nano. You know, I looked up which universities
- 50:54Speaker 2: in the world are top in nuclear engineering. And I
- 51:00Speaker 2: flew to UC Berkeley and I met with the chair
- 51:05Speaker 2: of the department. at his favorite cafe on campus. And
- 51:09Speaker 2: I said, you know, I want to build a microreactor.
- 51:14Speaker 2: And I'll pay you for it. But, you know, you
- 51:21Speaker 2: just have to believe in me and join me. And
- 51:24Speaker 2: I was able to sell him on this idea. And
- 51:27Speaker 2: because he's so, like I said, nuclear engineers are so inquisitive.
- 51:32Speaker 2: They're like, okay, we'll see. We'll see what you could do.
- 51:36Speaker 2: So I was able to bring the chair of that
- 51:38Speaker 2: department on. Then I said, okay, with my capital markets background,
- 51:44Speaker 2: I said, you know, you see a lot of these
- 51:47Speaker 2: biotech companies, they have one drug and if they don't
- 51:50Speaker 2: make it to the FDA approval, it tanks the whole company.
- 51:54Speaker 2: So I wanted to diversify or hedge myself. So I
- 51:57Speaker 2: went to Cambridge in the UK and I met the
- 52:01Speaker 2: chair of that department. And I said, Hey, I want
- 52:06Speaker 2: to build a microreactor. I want to hire you. Two
- 52:08Speaker 2: different designs, which will be hedged in case something happens,
- 52:13Speaker 2: one or the other doesn't succeed, right? So we put
- 52:17Speaker 2: world-class technical teams together. And then I was able to
- 52:22Speaker 2: raise the seed capital from the former C-level executives of UPS,
- 52:28Speaker 2: the largest transportation company in the world. And I said, look,
- 52:31Speaker 2: we want to make nuclear energy scalable, transportable. And they said,
- 52:37Speaker 2: we know transport, um, but they knew nothing about nuclear.
- 52:42Speaker 2: So what, what they did is they went to Morgan
- 52:44Speaker 2: Stanley and they talked to their energy desks and they
- 52:48Speaker 2: said to Morgan, tell us everything about nuclear, small nuclear. What, what,
- 52:53Speaker 2: what do you like about it? And they basically helped us. They,
- 52:56Speaker 2: they said, you know, we're bullish on nuclear. We see
- 53:00Speaker 2: great things for coming. Um, and small nuclear is, is rising. There's,
- 53:05Speaker 2: there's a lot of buzz about it. So I was
- 53:08Speaker 2: able to now get my seat money to pay these,
- 53:13Speaker 2: these world-class technical guys to, to start designing and structuring
- 53:18Speaker 2: and developing, um, the micro reactor designs. Right. Uh, so
- 53:24Speaker 2: that's how I was able to get these world-class people. Um,
- 53:27Speaker 2: but once again, it took a lot of my. I
- 53:30Speaker 2: would say human capital convincing. And I think these days,
- 53:35Speaker 2: what I did, people are copying now too. So I
- 53:39Speaker 2: see a lot of now new nanos popping up all
- 53:43Speaker 2: over the place. Like every single week, there's like a
- 53:46Speaker 2: new nano, right?
- 53:49Speaker 1: So were you the first one in the space?
- 53:51Speaker 2: We were the first one to be publicly listed. OK.
- 53:54Speaker 2: So microreactors have been around for decades. we're looking to
- 54:00Speaker 2: commercialize it, right? Like, remember, there's no commercialized microreactor in
- 54:04Speaker 2: the world. So that was a new frontier. So we
- 54:08Speaker 2: were the first publicly company to be listed as a
- 54:14Speaker 2: vertically integrated microreactor.
- 54:16Speaker 1: Okay, okay. I mean, what, so we kind of, you know,
- 54:21Speaker 1: you talked about net zero and renewables and green energy
- 54:25Speaker 1: and all that. But what got your interest specifically in microreactors?
- 54:31Speaker 2: Yeah, so number one, for the business side, was there
- 54:36Speaker 2: was no commercial microreactor. Number two was there's a lot
- 54:41Speaker 2: of historic data around different types of microreactors. And then three,
- 54:48Speaker 2: my CEO said, had a lot of connections also with
- 54:52Speaker 2: his previous like nuclear kind of networks about that. So
- 54:58Speaker 2: we decided to focus on that because the use cases
- 55:01Speaker 2: are way different than civil nuclear reactors, right? If you're
- 55:05Speaker 2: able to transport and scale nuclear, think about island communities, right?
- 55:14Speaker 2: Northern communities in Canada that run on diesel, right? So
- 55:20Speaker 2: essentially replacing diesel generators, right, with consistent base load energy.
- 55:26Speaker 2: Think of natural disaster release, being able to bring it in.
- 55:31Speaker 2: Think about military deployment, right? If you think about what's
- 55:36Speaker 2: happening these days, especially in Russia and the Ukraine, it's
- 55:41Speaker 2: a new frontier. You have drones fighting. And how are
- 55:44Speaker 2: drones powered, right? Energy is the X factor these days, right?
- 55:50Speaker 2: And then you see Russia right now hitting all the
- 55:55Speaker 2: energy systems in Ukraine, right? If you're able to bring
- 55:59Speaker 2: a transportable microreactor, right, you have energy in different locations.
- 56:07Speaker 2: So this helps democratize energy across the world, but also
- 56:12Speaker 2: it helps lift humanity. So if you think about Africa,
- 56:16Speaker 2: Africa was a use case for us. the whole continent
- 56:19Speaker 2: has no national grid, right? So you have a lot
- 56:23Speaker 2: of these remote communities, right? But if you think about
- 56:26Speaker 2: uplifting humanity there, there's certain areas that have no hospitals.
- 56:33Speaker 2: You know, you could bring in a microreactor and now
- 56:35Speaker 2: you have desalination. You could build hospitals. You could, there's
- 56:39Speaker 2: so much you could do, right? Water, right? So all
- 56:44Speaker 2: of this is an X factor and, This was the
- 56:48Speaker 2: thesis too, besides the net zero goals of all these
- 56:51Speaker 2: countries is lifting up humanity, um, being able to bring
- 56:57Speaker 2: energy to the front lines of different situations. Like right
- 57:01Speaker 2: now the army is, is, has a massive program. They're
- 57:05Speaker 2: launching a whole microreactor program funding that. Right. So the
- 57:11Speaker 2: world is changing. Um, military is changing nano. this year
- 57:17Speaker 2: also won a direct to phase two award with the
- 57:20Speaker 2: closest joint military base in DC.
- 57:24Speaker 1: Right.
- 57:24Speaker 2: And they want to be able to have energy off grid.
- 57:31Speaker 2: So in case something happens. So they're looking at our,
- 57:36Speaker 2: we call it Kronos MMR, which is micro modular reactor.
- 57:40Speaker 2: And we're doing a feasibility study there now, which we
- 57:43Speaker 2: won that award. And we're looking at certain areas on
- 57:46Speaker 2: the base where we could install that for them. And
- 57:52Speaker 2: they're very excited about this. We're very excited about this.
- 57:55Speaker 2: But that is going to be a use case for
- 57:57Speaker 2: us for the military aspect as well.
- 58:00Speaker 1: Wow. I mean, did the AI race or any of
- 58:04Speaker 1: that kind of stuff put an impact into your decision
- 58:09Speaker 1: as well?
- 58:10Speaker 2: Yes. I mean, we didn't know this was all going
- 58:14Speaker 2: to transpire like this with AI data centers and all
- 58:17Speaker 2: the big tech companies pouring in.
- 58:19Speaker 1: You didn't know this back then?
- 58:21Speaker 2: I mean. So this is, holy shit. Yeah, this was
- 58:26Speaker 2: just a perfect storm. This is a rare situation where
- 58:31Speaker 2: you have government backing everything. You have the giant tech
- 58:37Speaker 2: companies pouring in because of AI and data centers, and
- 58:42Speaker 2: then you have now also a new generation of technology
- 58:47Speaker 2: that's come on that's walk away safe, that can never explode.
- 58:52Speaker 2: So it's just this marriage of this opportunity and time, right?
- 58:58Speaker 2: It's just a rare situation. And once again, this is
- 59:02Speaker 2: where the matrix happens. And I believe there's a higher
- 59:07Speaker 2: power pushing Nano too. And what I mean by that
- 59:10Speaker 2: is there's certain things that it's almost like no coincidence
- 59:14Speaker 2: that happens while I was building Nano. For instance, my
- 59:19Speaker 2: last name is Yu. And I built Nano in my
- 59:26Speaker 2: last office on the 38th floor. If you put that together, U-3-8,
- 59:31Speaker 2: or as commonly known as U-3-0-8, which is uranium, okay? Wow.
- 59:36Speaker 2: Which is, you know, the fuel for these reactors, right?
- 59:43Speaker 2: And then when we go public, our stock, you know,
- 59:49Speaker 2: we did an IPO at $ 4 a share. Our stock
- 59:52Speaker 2: goes from $ 4 to $ 38. So this 38 number has
- 59:53Speaker 2: been following me. And then, and if you know Chinese culture,
- 1:00:02Speaker 2: we like eights, right? Eights, eights, right? And so 38's
- 1:00:07Speaker 2: been following me. And then Nano was able to acquire
- 1:00:12Speaker 2: out of bankruptcy a leading microreactor technology that went bankrupt.
- 1:00:17Speaker 2: It didn't go bankrupt because of the technology. It went
- 1:00:21Speaker 2: bankrupt because the biggest funder passed away. And he was
- 1:00:26Speaker 2: a former CIA guy. His name was Richard Helms, I believe.
- 1:00:30Speaker 2: And I don't know where he got the money, but
- 1:00:32Speaker 2: he funded that company like $ 130- something million. And he passed away,
- 1:00:39Speaker 2: and his family, I believe they didn't care about nuclear.
- 1:00:44Speaker 2: So it was an opportunity for us now. We came in,
- 1:00:50Speaker 2: bought that technology, and it leapfrogged nano now. to becoming
- 1:00:55Speaker 2: one of the leaders, if not the leader in microreactor
- 1:00:58Speaker 2: technology in the world. And it came with, guess what?
- 1:01:03Speaker 2: 38 issued and pending patents.
- 1:01:05Speaker 1: Are you serious?
- 1:01:07Speaker 2: This is what I'm saying. There's just been so many
- 1:01:11Speaker 2: crazy things that happened that it's unbelievable. And now, so
- 1:01:17Speaker 2: when people attack us early on, and we were the
- 1:01:19Speaker 2: number one IPO performer, I just put my head down
- 1:01:23Speaker 2: and work because I know it's going to work out
- 1:01:26Speaker 2: itself for some reason. Like it's so crazy. Um, there's
- 1:01:31Speaker 2: just been so many things that it's just unbelievable. Let
- 1:01:37Speaker 2: me add, um, that movie Oppenheimer, you know, it came out,
- 1:01:41Speaker 2: I think it won a ton of awards. I don't
- 1:01:43Speaker 2: know if you watched this, but this is another goosebump
- 1:01:47Speaker 2: moment for me. I was watching it and Oppenheimer, you know,
- 1:01:53Speaker 2: He helped build the first atomic bomb, right? Where did
- 1:01:58Speaker 2: he recruit his scientists from? UC Berkeley and Cambridge. It
- 1:02:04Speaker 2: gave me goosebumps. I was like, get the fuck out
- 1:02:08Speaker 2: of here. Like Oppenheimer did this? I didn't even know.
- 1:02:12Speaker 2: I knew nothing about, I don't even read about Oppenheimer.
- 1:02:15Speaker 2: Like I just did things myself, right? So these are
- 1:02:19Speaker 2: the little things that are like so freaky. I'm just like,
- 1:02:24Speaker 2: it's almost unbelievable. And then what's unbelievable is, you know,
- 1:02:29Speaker 2: within a year and a half, we raised, since inception,
- 1:02:33Speaker 2: over $ 600 million. I mean, we go from an unnamed
- 1:02:39Speaker 2: group of guys and company, like they're not real. They're
- 1:02:43Speaker 2: not doing this to now being one of the leaders
- 1:02:46Speaker 2: and now having the money to make this happen. It's
- 1:02:49Speaker 2: not about if we're building it. It's about when now. Right.
- 1:02:53Speaker 2: So we shocked the world and, and many of these
- 1:02:58Speaker 2: nuclear guys are now looking at us different because they're like, wow,
- 1:03:02Speaker 2: nano's a real player now. Um, and not only that,
- 1:03:06Speaker 2: like once again, we recruited world-class technical teams, but also
- 1:03:11Speaker 2: former us national leaders. Like our chair of our advisory
- 1:03:14Speaker 2: board is Rick Perry. Right. Former secretary of, of, um,
- 1:03:19Speaker 2: energy under the last Trump administration. And then I hired
- 1:03:24Speaker 2: the former CFO of the Department of Energy. And then
- 1:03:28Speaker 2: I brought in a four-star general, Wesley Clark, former Supreme
- 1:03:32Speaker 2: Ally commander of NATO forces, right? And then I brought
- 1:03:36Speaker 2: in General Terry Rubling. He was head of the Marines
- 1:03:40Speaker 2: in the Asian Pacific. And apparently he is the real
- 1:03:44Speaker 2: life Top Gun, not Tom Cruise, okay? So, you know,
- 1:03:50Speaker 2: We brought so many high level people to the table
- 1:03:54Speaker 2: and everyone's just like in awe and they're shocked because
- 1:03:58Speaker 2: we came in and I felt confident guiding the company
- 1:04:04Speaker 2: post IPO because we have that grit. We just have
- 1:04:08Speaker 2: that warrior spirit. And I think it's from the history
- 1:04:12Speaker 2: and the upbringing I had. I mean, it's just an
- 1:04:15Speaker 2: all in type of mentality, right? I grew up with
- 1:04:17Speaker 2: nothing like, Like, what are you doing against this? It
- 1:04:21Speaker 2: means nothing to me. I'm just going to put my
- 1:04:23Speaker 2: head down and build, right? Mm-hmm.
- 1:04:25Speaker 1: Damn. That is fucking impressive, man. Congratulations.
- 1:04:31Speaker 2: Thank you.
- 1:04:32Speaker 1: Wow. Are you guys talking about sending some of these
- 1:04:37Speaker 1: mini reactors up to space, too?
- 1:04:39Speaker 2: Oh, yeah. I mean, that's part of, you know, the
- 1:04:43Speaker 2: whole type of new frontier, right? Mm-hmm. I think with
- 1:04:50Speaker 2: SpaceX and with all these rocket companies going into space
- 1:04:57Speaker 2: and raising tons of billions of dollars as well, one
- 1:05:00Speaker 2: of the issues is energy. If you're able to bring
- 1:05:06Speaker 2: a scalable nuclear reactor and a transportable one to, let's say,
- 1:05:11Speaker 2: the moon, and that's one of the mandates too. I
- 1:05:15Speaker 2: think under this administration, they announced recently They want to
- 1:05:18Speaker 2: put a reactor on the moon. They want to be
- 1:05:20Speaker 2: the first country to do that. I mean, you're going
- 1:05:24Speaker 2: against Russia and China, right? So they're trying to, they
- 1:05:28Speaker 2: announced they want to focus on that. And our reactor
- 1:05:30Speaker 2: design is perfectly for that. We have a design, we
- 1:05:35Speaker 2: call it Loki, that could go up there and be
- 1:05:41Speaker 2: on the moon.
- 1:05:42Speaker 1: How many different reactors do you have?
- 1:05:44Speaker 2: So we have a portfolio of reactors. I call it,
- 1:05:48Speaker 2: I would say large, medium, and small, but the large
- 1:05:51Speaker 2: still being small, okay? So our large one is called Kronos.
- 1:05:57Speaker 2: It's a 15 megawatt electric output and 45 megawatt thermal.
- 1:06:03Speaker 2: And then we have- What.
- 1:06:03Speaker 1: Does that mean?
- 1:06:05Speaker 2: That means it could power 15 megawatt electric. I would
- 1:06:10Speaker 2: say it could power maybe 15,000 homes.
- 1:06:13Speaker 1: Okay.
- 1:06:13Speaker 2: Right?
- 1:06:14Speaker 1: Sure.
- 1:06:16Speaker 2: And then- Loki is between one to five megawatts. And
- 1:06:21Speaker 2: then we have our Zeus reactor, which was developed by
- 1:06:26Speaker 2: the University of Illinois professors that I recruited. And that
- 1:06:31Speaker 2: design is, to me, it's probably the most simplest design
- 1:06:35Speaker 2: in the world. And that is going to be under
- 1:06:40Speaker 2: one megawatt. So that is used for the military is
- 1:06:44Speaker 2: really interested in that, because that could be deployed in
- 1:06:47Speaker 2: the front line to power the drones, to move the camps,
- 1:06:51Speaker 2: the military bases. So yeah, we have a portfolio. And
- 1:06:57Speaker 2: they're all, I would say, called high gas temperature reactors.
- 1:07:02Speaker 2: And so we keep the same type of designs, and
- 1:07:06Speaker 2: we kind of flow it down. And what that means
- 1:07:10Speaker 2: is we also use that trisophyll. So trisophyll, actually, the
- 1:07:15Speaker 2: government poured billions of dollars into R & D into it.
- 1:07:19Speaker 2: So many of these companies now that are developing microreactors
- 1:07:23Speaker 2: or SMRs or small modular reactors, they're all using that
- 1:07:27Speaker 2: type of same combination, like high gas temperature reactor with triso,
- 1:07:32Speaker 2: because it makes the most sense and Um, and it
- 1:07:35Speaker 2: seems like many of these other larger companies are also
- 1:07:38Speaker 2: doing that as well. And, and remember Triso, it's coated
- 1:07:43Speaker 2: with pretty much tank armor. It, it, it can never explode.
- 1:07:48Speaker 2: It just passively cools, right? If anything happens, this is
- 1:07:51Speaker 2: like an auto shutdown. Um, you shoot a rocket at it.
- 1:07:56Speaker 2: The field doesn't explode. Again, it could, it could, it
- 1:07:58Speaker 2: could crack, but they never chemically kind of interact with
- 1:08:02Speaker 2: each other and And that's why we call it walk
- 1:08:05Speaker 2: away safe. Um, so we, when we acquired, uh, the
- 1:08:10Speaker 2: technology from bankruptcy, it came with two demonstration sites, one
- 1:08:16Speaker 2: partner with the university of Illinois. We reestablished that. And
- 1:08:20Speaker 2: recently we also broke ground there. We had a ceremony
- 1:08:25Speaker 2: with the university and, um, they're very happy that, you know,
- 1:08:29Speaker 2: we're bringing this project back to life. So we broke
- 1:08:33Speaker 2: ground and we're planning to submit a construction application with
- 1:08:36Speaker 2: the Nuclear Regulatory Commission in Q1 of 2026. Wow. Yeah,
- 1:08:42Speaker 2: so what that means is hopefully within a year, a
- 1:08:45Speaker 2: year and a half, we'll be able to pour concrete
- 1:08:49Speaker 2: and steel and start building the reactor. And the reactor
- 1:08:52Speaker 2: is buried on campus. And like I said, right across
- 1:08:56Speaker 2: the street from the reactor is dorm rooms. So this...
- 1:09:00Speaker 2: is why we call it walkaways. And you think that
- 1:09:02Speaker 2: university would allow that situation to happen if they didn't
- 1:09:06Speaker 2: know from their experts that this is actually safe.
- 1:09:10Speaker 1: Yeah.
- 1:09:11Speaker 2: Right. So this is a whole new world, a whole
- 1:09:13Speaker 2: new nuclear technology, and people have to kind of, you know,
- 1:09:19Speaker 2: rewire their minds about nuclear now.
- 1:09:22Speaker 1: I mean, what do you think, what do you think
- 1:09:24Speaker 1: that unleashing nuclear, what's gonna happen? Are we gonna hit
- 1:09:29Speaker 1: a golden age? Because everybody, I've talked, you're not the
- 1:09:33Speaker 1: only nuclear guy I've talked to.
- 1:09:34Speaker 2: Of course.
- 1:09:34Speaker 1: Everybody's gung-ho about it.
- 1:09:36Speaker 2: Yeah.
- 1:09:37Speaker 1: And, you know, and everybody's super gung-ho about, it seems
- 1:09:42Speaker 1: like this administration's getting rid of a lot of the
- 1:09:44Speaker 1: red tape that it's been holding in this sector back
- 1:09:50Speaker 1: for a long fucking time.
- 1:09:51Speaker 2: Yes.
- 1:09:52Speaker 1: You know, so what, I mean, I guess, first question,
- 1:09:55Speaker 1: I mean, are you obviously, obviously you wouldn't be in
- 1:10:00Speaker 1: it if you didn't think the red tape was disappearing.
- 1:10:02Speaker 1: So what, I mean, what does this unleash? What is
- 1:10:07Speaker 1: going to change in everyday Americans' lives?
- 1:10:12Speaker 2: I think you have to look at the whole kind
- 1:10:16Speaker 2: of supply chain of things, right? You have now AI
- 1:10:21Speaker 2: and data centers being built. That's going to take years.
- 1:10:26Speaker 2: You know, it's not going to be built overnight. And
- 1:10:28Speaker 2: these are massive infrastructures, right? Like Amazon's pouring tens of
- 1:10:33Speaker 2: billions of dollars into this. Meta, Google, you know, Oracle.
- 1:10:38Speaker 2: Like a lot of these players are looking at nuclear
- 1:10:42Speaker 2: as an option. And NVIDIA with Jensen Huang, He recently
- 1:10:47Speaker 2: said also that a lot of these small reactors are
- 1:10:52Speaker 2: going to come online with these data centers, right? So
- 1:10:57Speaker 2: let's look at that whole kind of cycle. You have
- 1:11:01Speaker 2: energy is the X factor, right? It is the bottleneck
- 1:11:05Speaker 2: right now. So with these small reactors, you're able to
- 1:11:10Speaker 2: now create all this data centers and AI and or
- 1:11:15Speaker 2: be a part of the situation, right? But you're able
- 1:11:19Speaker 2: to do that. How is it going to impact? How's AI?
- 1:11:21Speaker 2: We're hearing it every day. How's AI going to impact
- 1:11:24Speaker 2: our lives? So you need the energy to create the AI, right,
- 1:11:30Speaker 2: in order to deliver it and change our lives. So
- 1:11:33Speaker 2: you have this kind of whole cycle here. But once again,
- 1:11:36Speaker 2: the X factor is energy. So if you're able to
- 1:11:39Speaker 2: create a scalable environment factory-fabricated situation where you can mass-produce nuclear,
- 1:11:48Speaker 2: you have that baseload energy. It's carbon-free. And then you
- 1:11:53Speaker 2: can deploy it off-grid, right? So you don't have that
- 1:11:56Speaker 2: burden on the grid anymore, right? You want to build
- 1:12:00Speaker 2: a data center? Bring it anywhere. I recently came back
- 1:12:04Speaker 2: from speaking at the largest energy conference in the UAE
- 1:12:10Speaker 2: in Abu Dhabi. I was approached by a company wanting
- 1:12:14Speaker 2: to build data centers in the desert. How are you
- 1:12:17Speaker 2: going to do that? Only way to do that is
- 1:12:20Speaker 2: with nuclear, right? So that is how crazy things are moving.
- 1:12:28Speaker 2: And the world is catching on to this, right? You
- 1:12:32Speaker 2: have now the Middle East very interested in this because
- 1:12:37Speaker 2: they know oil is finite, right? If they want to
- 1:12:42Speaker 2: let's say they want their hands around energy in the future,
- 1:12:44Speaker 2: you're going to have to invest in nuclear. So there
- 1:12:47Speaker 2: is a lot of interest from the Middle East right
- 1:12:51Speaker 2: now with small reactors. The UAE just built, I believe,
- 1:12:56Speaker 2: five of them. So nuclear reactors, right? So they're all
- 1:13:01Speaker 2: coming online too. And they're all kind of changing their mindset.
- 1:13:04Speaker 2: Like we can't just focus on oil anymore.
- 1:13:08Speaker 1: Wow. The Middle East is.
- 1:13:11Speaker 2: Wow.
- 1:13:11Speaker 1: Yeah. I mean, what about, I mean, so I know,
- 1:13:15Speaker 1: you know, an abundance of energy will jet launch artificial intelligence,
- 1:13:20Speaker 1: but what about production costs, transportation costs, you know, we
- 1:13:26Speaker 1: were talking about, you know, space, all that kind of shit.
- 1:13:30Speaker 1: I mean, what is a numbers guy, Wall Street guy,
- 1:13:33Speaker 1: you know, I mean, you would have a lot more
- 1:13:35Speaker 1: insight than I would have, but I would, I mean,
- 1:13:38Speaker 1: If un-nuclear is truly unleashed and we have an overabundance
- 1:13:42Speaker 1: of energy, I mean, that would, it is my understanding
- 1:13:45Speaker 1: that would throw us into some type of a golden age.
- 1:13:48Speaker 2: Yeah, great, great point there. I think this is why
- 1:13:52Speaker 2: micro-reactors are very important because let's say with our Kronos MMR,
- 1:14:00Speaker 2: every piece of it is modularized. So we could produce
- 1:14:05Speaker 2: this in a factory, right? And it adheres to road
- 1:14:11Speaker 2: weight limits, right? Every piece of it. And the biggest
- 1:14:14Speaker 2: part is vessels in nuclear reactors. That's the largest piece.
- 1:14:20Speaker 2: We're able to design this and mass produce this in
- 1:14:24Speaker 2: a factory. Kind of like the gigawatt factory with Tesla, right?
- 1:14:28Speaker 2: Like that is the mindset you need in order to
- 1:14:32Speaker 2: get that golden age of nuclear. because some of these
- 1:14:35Speaker 2: other small reactors are still really big, right? Where you
- 1:14:41Speaker 2: can't just mass produce every single piece. But with a microreactor,
- 1:14:46Speaker 2: you're able to do that and you're able to transport it.
- 1:14:50Speaker 2: And with our Kronos, it's buried. So the surface of
- 1:14:55Speaker 2: it will be a certain finite amount. And then on
- 1:15:01Speaker 2: the bottom, we're able to connect the reactors. almost like
- 1:15:06Speaker 2: Lego blocks, right? Boom, boom, 15 megawatts. So we can
- 1:15:10Speaker 2: actually scale to one gigawatt if we wanted to. And
- 1:15:14Speaker 2: right now there's a tremendous amount of interest from AI
- 1:15:18Speaker 2: data centers and large infrastructure companies to partner with us
- 1:15:24Speaker 2: to co-locate some of that with our design, right? And
- 1:15:29Speaker 2: also the resilient part of it is If one reactor
- 1:15:34Speaker 2: dies and you have multiple, those keep going. So you
- 1:15:38Speaker 2: never lose energy. Wow.
- 1:15:40Speaker 1: Right?
- 1:15:41Speaker 2: So this is blowing people's minds because now, and this
- 1:15:45Speaker 2: is also great for the military as well, right? If
- 1:15:48Speaker 2: you get hit by a missile or something and it
- 1:15:51Speaker 2: takes out one of our reactors, but you have multiple,
- 1:15:54Speaker 2: the other ones are running still. So you're never going
- 1:15:56Speaker 2: to lose energy, right? So, and this is what you
- 1:15:59Speaker 2: need with a lot of these data centers because you
- 1:16:01Speaker 2: can't have any downtime like that. So a lot of
- 1:16:05Speaker 2: them are looking to co-locate. And this is why you
- 1:16:08Speaker 2: have the big tech companies investing now and partnering with
- 1:16:12Speaker 2: a lot of these companies.
- 1:16:14Speaker 1: Interesting. Interesting. Well, Jay, let's take a quick break. Sure.
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- 1:19:45Speaker 1: we're back from the break. I want to get into
- 1:19:48Speaker 1: what you're doing now with LIS technology. So it looks
- 1:19:51Speaker 1: like you're doing some type of laser enrichment with uranium,
- 1:19:56Speaker 1: which I know nothing about. So what sparked this one?
- 1:20:00Speaker 2: Yeah, so I think... I'm almost drooling at this is because,
- 1:20:08Speaker 2: you know, I, once again, I kind of saw this,
- 1:20:12Speaker 2: you know, in the past, but okay. Everyone right now
- 1:20:16Speaker 2: is building these glorious reactors. So to me, everyone has
- 1:20:21Speaker 2: a Ferrari, but they have no gas for the Ferrari.
- 1:20:25Speaker 2: And this is where LIS kind of comes in here.
- 1:20:28Speaker 2: LIS actually stands for laser isotope separation technologies. That's why
- 1:20:32Speaker 2: we named it LIS Technologies. And in the very beginning,
- 1:20:38Speaker 2: I wanted this technology in nano. But because it poses
- 1:20:42Speaker 2: a proliferation and national security risk, we have to separate
- 1:20:46Speaker 2: the companies. But in reality, we just wanted the company
- 1:20:50Speaker 2: in nano. Every management figure in LIS has to get
- 1:20:57Speaker 2: a queue clearance, for example. And the reasoning for this
- 1:21:01Speaker 2: is we're dealing with enrichment. And what is enrichment? Okay,
- 1:21:07Speaker 2: so I'll take you through kind of the cycle of
- 1:21:09Speaker 2: the fuel. So you take uranium ore or yellow cake,
- 1:21:15Speaker 2: which you mine, and you have to convert it into UF6,
- 1:21:19Speaker 2: which is the gas. And then this is where enrichment
- 1:21:22Speaker 2: comes in. The world currently uses centrifuges. And this is
- 1:21:27Speaker 2: why Putin is He controls about, I believe, 40% of
- 1:21:31Speaker 2: the world's enrichment. So that means he has a ton
- 1:21:33Speaker 2: of centrifuges. The US, you know, because the nuclear infrastructure
- 1:21:41Speaker 2: here essentially has been atrophied and we were the largest
- 1:21:45Speaker 2: exporter of nuclear services and fuels back then. We're now
- 1:21:50Speaker 2: the biggest importer, right? Because the US didn't invest into
- 1:21:55Speaker 2: this in so many decades. So now... with the nuclear
- 1:21:59Speaker 2: renaissance happening, you have to build back the actual infrastructure
- 1:22:03Speaker 2: to support these reactors, right? And we don't have that yet.
- 1:22:08Speaker 2: We're building there, but we don't have that yet. So
- 1:22:12Speaker 2: when I was looking at building nano, I said, okay,
- 1:22:14Speaker 2: one of the issues is going to be fuel and
- 1:22:16Speaker 2: the enrichment side. So centrifuges is the second generation of enrichment.
- 1:22:22Speaker 2: The first generation is gas diffusion. The second is centrifuges,
- 1:22:29Speaker 2: and the third, or the holy grail I call it,
- 1:22:32Speaker 2: is laser uranium enrichment, okay? And what that means is
- 1:22:37Speaker 2: you're able to take a laser and excite to the
- 1:22:42Speaker 2: isotope level for enrichment, right? So for us, let's break
- 1:22:48Speaker 2: this down. Civil nuclear reactors, they use 5% fuel, up
- 1:22:54Speaker 2: to 5% enrichment of the fuel, okay?
- 1:22:57Speaker 1: Okay?
- 1:22:59Speaker 2: Small nano reactors go up to 10% and SMRs also
- 1:23:06Speaker 2: with other microactivity go up to 20%. And that's called HALU, H-A-L-E-U,
- 1:23:11Speaker 2: high assay, low enriched uranium. That's up to 20%. LEU
- 1:23:15Speaker 2: is up to 5%, low enriched uranium. And then when
- 1:23:18Speaker 2: you go beyond that is weapons grade and is then
- 1:23:21Speaker 2: considered HEU or high enriched uranium, which is used for
- 1:23:26Speaker 2: guess what? Submarines. aircraft carriers and nuclear bombs, right?
- 1:23:31Speaker 1: Interesting.
- 1:23:31Speaker 2: So this is why we have to move lists out.
- 1:23:36Speaker 2: It's because it poses a national security risk because technically
- 1:23:40Speaker 2: we could keep going to that 99%. We're not looking
- 1:23:44Speaker 2: to do that. We're looking for only civil use of this,
- 1:23:49Speaker 2: meaning the LEU and the HALU percent, up to 20%.
- 1:23:53Speaker 2: Essentially in a single stage of the laser process, we
- 1:23:57Speaker 2: could enrich the 5% in two stages to up to
- 1:24:00Speaker 2: 10% of HALU, and then we could keep going. Right.
- 1:24:04Speaker 2: So the, what happened recently is Israel and the U
- 1:24:09Speaker 2: S bombed Iran. Remember what were they doing enriching because
- 1:24:15Speaker 2: the U S and Israel's scared, they're going to rich
- 1:24:18Speaker 2: past the 20% and they're going to keep going.
- 1:24:21Speaker 1: Right.
- 1:24:22Speaker 2: So this is the same type of security profile LIS
- 1:24:26Speaker 2: is going to have. You know, what I did with
- 1:24:29Speaker 2: LIS is early on I engaged all the regulatory bodies
- 1:24:34Speaker 2: in the U.S. and said, look, it's me, J.U. from Nano.
- 1:24:38Speaker 2: I'm not some other guy who didn't grow up in
- 1:24:40Speaker 2: New York City. It's just me. I want to build
- 1:24:43Speaker 2: this company, and I'm willing to hand you the keys
- 1:24:47Speaker 2: to the laser room or whatever we're doing. We just
- 1:24:49Speaker 2: want to build the technology. And I truly believe we'll
- 1:24:55Speaker 2: be able to do this in a way where we
- 1:24:57Speaker 2: could scale it commercially because that's been kind of the
- 1:25:00Speaker 2: issue in the world is it could work in a lab,
- 1:25:03Speaker 2: but the scalability of these lasers and for this enrichment,
- 1:25:07Speaker 2: no one's really done before. So the history of LIS
- 1:25:13Speaker 2: is also kind of crazy. It could be made into
- 1:25:17Speaker 2: a movie. So LIS, the origin of this is Dr.
- 1:25:22Speaker 2: Jeff Erkins, he's 94 years old now. He actually drives
- 1:25:26Speaker 2: a car still. And I told him, don't drive, just
- 1:25:29Speaker 2: take an Uber. But he doesn't even know how to
- 1:25:31Speaker 2: use it, get Uber, you know? So he's 94 and
- 1:25:35Speaker 2: he has some freaky genetics and DNA, but his story
- 1:25:39Speaker 2: dates back to World War II. He's Dutch, but he
- 1:25:43Speaker 2: was put into a concentration camp in Indonesia. And between
- 1:25:48Speaker 2: 10 to 12 years old, he had to serve hard labor.
- 1:25:51Speaker 2: Like he thought he was going to die. What happened
- 1:25:54Speaker 2: next is the bomb dropped and it ended the war.
- 1:25:58Speaker 2: And what it did to that little kid is he
- 1:26:01Speaker 2: dedicated himself to learning everything about the atom. So then
- 1:26:06Speaker 2: guess where he went? UC Berkeley to get his PhD.
- 1:26:09Speaker 2: So it was almost like full circle again, UC Berkeley.
- 1:26:15Speaker 2: And now think of back to the future you know
- 1:26:18Speaker 2: the mad scientist in his garage building the car right
- 1:26:23Speaker 2: uh that's what jeff erkins did he built a whole
- 1:26:27Speaker 2: test loop of the laser in his garage and the
- 1:26:32Speaker 2: craziest thing is the u.s government didn't stop him so
- 1:26:35Speaker 2: he was technically enriching small amounts of this in his
- 1:26:39Speaker 2: garage and there will be other nuclear experts that i've
- 1:26:44Speaker 2: encountered that went to his garage and said, I couldn't
- 1:26:49Speaker 2: believe the government's allowing him to do this, but also
- 1:26:52Speaker 2: the damn thing worked. So what happened next is there
- 1:26:57Speaker 2: was a big company up in Canada. It's called Chemical.
- 1:27:02Speaker 2: They're publicly listed as well. I think they're like $ 30,
- 1:27:06Speaker 2: $ 40 billion company. They actually funded his technology up in Canada.
- 1:27:14Speaker 2: And this was the late 80s and early 90s. And
- 1:27:18Speaker 2: then what happened next is for them to fund the
- 1:27:21Speaker 2: next phase of this was going to cost a lot
- 1:27:23Speaker 2: of money. And then Russia, the iron curtain fell. They
- 1:27:27Speaker 2: had to support their economy by selling cheap and rich
- 1:27:31Speaker 2: uranium to the world. So they decided not to continue
- 1:27:35Speaker 2: with advancing his laser technology. So he took his lasers,
- 1:27:40Speaker 2: all his paperwork, and put it in storage in UC Irvine, California.
- 1:27:46Speaker 2: We took it out of storage and LIS was created.
- 1:27:51Speaker 2: It is the only US origin and pen to technology.
- 1:27:54Speaker 2: So this is a made in America technology. And to me,
- 1:28:00Speaker 2: it's a critical technology. It's the critical technology because once again,
- 1:28:06Speaker 2: it could provide the enrichment technology for the whole fuel cycle,
- 1:28:10Speaker 2: which is needed drastically here in the US. So that's
- 1:28:17Speaker 2: one of the bottlenecks, which is the fuel side. So
- 1:28:20Speaker 2: this is why LIS with nano is vertically integrated. And
- 1:28:27Speaker 2: this separates us from all the other reactor companies. And
- 1:28:32Speaker 2: so having our own fuel at a cheaper cost than
- 1:28:36Speaker 2: anyone else separates us.
- 1:28:38Speaker 1: Right.
- 1:28:39Speaker 2: Um, but also it can potentially, like I said, help,
- 1:28:44Speaker 2: you know, help create fuel for aircraft carriers, submarines. We're
- 1:28:49Speaker 2: not looking to do that, but if the government one
- 1:28:51Speaker 2: day wants to buy us out or invest into that,
- 1:28:54Speaker 2: or we make an exception, then that could happen. Right. So,
- 1:28:59Speaker 2: if you're able to now make it cheaper, the enrichment
- 1:29:03Speaker 2: than any other centrifuge technology in the world, or make
- 1:29:07Speaker 2: it essentially obsolete, then Russia is going to have a
- 1:29:12Speaker 2: problem with the US. China is building more reactors right
- 1:29:17Speaker 2: now than the whole world put together.
- 1:29:19Speaker 1: Are you serious?
- 1:29:20Speaker 2: Yes. So, this is why national security... Energy is national security.
- 1:29:26Speaker 1: China's building more nuclear reactors.
- 1:29:28Speaker 2: More reactors than the whole world put together. And this
- 1:29:31Speaker 2: is why the US and I believe the Trump administration is, huh?
- 1:29:38Speaker 1: How long have they been doing that?
- 1:29:40Speaker 2: I would say this happened probably the last decade. I
- 1:29:46Speaker 2: would say the last, they've been turning the corner because
- 1:29:50Speaker 2: of the rise in technology and and the digital side
- 1:29:55Speaker 2: in China, they're now focused on energy. They see that
- 1:29:58Speaker 2: as a bottleneck. And remember, the other issue recently was
- 1:30:02Speaker 2: the critical minerals, right? I believe the administration got really
- 1:30:08Speaker 2: mad because China was restricting some of the exports of
- 1:30:11Speaker 2: the critical minerals to the US. So now the US
- 1:30:14Speaker 2: is investing directly into these companies, right? Because those critical
- 1:30:19Speaker 2: minerals are used for armor, for.
- 1:30:24Speaker 2: So once again, it poses a national security risk if
- 1:30:27Speaker 2: we don't have critical minerals and critical technologies like LIS
- 1:30:32Speaker 2: to actually advance.
- 1:30:36Speaker 1: Do you have any idea how far behind we are?
- 1:30:41Speaker 2: Well, from China? I mean, this is why there's a
- 1:30:45Speaker 2: big push for small reactors and companies like Nano to
- 1:30:49Speaker 2: help mass produce this in the future, right? The current
- 1:30:55Speaker 2: administration is also bringing back online a lot of these
- 1:30:59Speaker 2: older reactors and kind of modernizing them as well. They're
- 1:31:04Speaker 2: pouring billions of dollars into larger projects as well. So
- 1:31:09Speaker 2: how much is still not going to be enough. So
- 1:31:12Speaker 2: we need to continue to pour more funding and also
- 1:31:18Speaker 2: remove the bureaucracy. And that's another area where The executive
- 1:31:22Speaker 2: orders recently helped push that, right? It reduces timelines of
- 1:31:26Speaker 2: the regulatory aspects, right? So we are moving in the
- 1:31:30Speaker 2: right direction. There's a tremendous amount of momentum, but China's
- 1:31:35Speaker 2: unleashing their energy through nuclear, and we need to follow.
- 1:31:41Speaker 1: Shit. Are you hopeful? You got to be hopeful.
- 1:31:45Speaker 2: Yeah, I'm very hopeful. I mean, this is why, you know,
- 1:31:48Speaker 2: with LIS and Nano, we're very... much a part of
- 1:31:52Speaker 2: the build back of the US infrastructure in nuclear and
- 1:31:56Speaker 2: the capabilities of the new technologies in the future. So
- 1:32:00Speaker 2: this is why we're working with military here in the
- 1:32:03Speaker 2: US because we see this as an issue in the future, right?
- 1:32:08Speaker 2: Having energy security sovereignty is a big issue in the
- 1:32:13Speaker 2: US and we need to be a part of that.
- 1:32:17Speaker 1: And you're doing this LIS is going to be headquartered
- 1:32:20Speaker 1: right out of Oak Ridge, Tennessee, correct?
- 1:32:22Speaker 2: Yes. We're actually bringing back those lasers and modernizing them
- 1:32:28Speaker 2: and then also developing our new next generation of lasers
- 1:32:32Speaker 2: to do the enrichment. So we made Oak Ridge, Tennessee
- 1:32:37Speaker 2: our home, which is also, if you think about it,
- 1:32:40Speaker 2: this is where the first fuel came from for the
- 1:32:43Speaker 2: Manhattan Project, which is the first atomic bomb that dropped.
- 1:32:46Speaker 2: So it was almost full circle. So if you think
- 1:32:48Speaker 2: about Jeff Erkins, he's also considered the founding father of
- 1:32:52Speaker 2: laser enrichment. If you think about his life, he almost
- 1:32:56Speaker 2: died in that concentration camp. The field created to save
- 1:33:01Speaker 2: his life was in Oak Ridge, Tennessee. So now it's
- 1:33:05Speaker 2: that full circle of his life. He's now bringing back
- 1:33:09Speaker 2: his lasers here to demonstrate that, to create the field
- 1:33:13Speaker 2: that's needed for us, right? Um, So once again, it's, it's,
- 1:33:18Speaker 2: it's a freaky story. Um, also lists our whole executive
- 1:33:24Speaker 2: management team is from ASML. ASML also creates these lasers,
- 1:33:30Speaker 2: but therefore semiconductor chips, there will be no AI in
- 1:33:34Speaker 2: the world without ASML. And my whole laser executive team
- 1:33:39Speaker 2: is from ASML. So if they can't do this, no
- 1:33:43Speaker 2: one can. Okay. They're the most brilliant laser scientists I know.
- 1:33:49Speaker 2: We created what I call that laser tiger team of
- 1:33:51Speaker 2: the best of the best in the US. And we're
- 1:33:55Speaker 2: so pumped up. We really feel like we're going to
- 1:34:00Speaker 2: make this happen. And if you're able to create fuel cheaper, faster,
- 1:34:06Speaker 2: and more energy efficient than Russia or any other country
- 1:34:11Speaker 2: in the world, they're going to be looking at us.
- 1:34:14Speaker 2: We're going to have the edge in the U.S. now, right?
- 1:34:17Speaker 2: So this is why it's so important to actually back
- 1:34:20Speaker 2: this technologies because it could be the X factor in
- 1:34:24Speaker 2: the future.
- 1:34:26Speaker 1: Where do we get all of our enriched uranium from
- 1:34:29Speaker 1: right now?
- 1:34:30Speaker 2: A lot of that.
- 1:34:32Speaker 1: Does it come from Russia?
- 1:34:33Speaker 2: Yes. We were buying billions of dollars a year. And
- 1:34:37Speaker 2: then they now have CERN-X banning that, but with exceptions,
- 1:34:45Speaker 2: you could still technically get it if you need it. Right. Um,
- 1:34:50Speaker 2: I think that's some of the, but eventually they want
- 1:34:53Speaker 2: to never use Russia. Right. But I think you still
- 1:34:58Speaker 2: need that access, but this is why the U S recently,
- 1:35:02Speaker 2: you know, um, created a deal with the UK, right.
- 1:35:06Speaker 2: So they call it, I think the golden, uh, ages
- 1:35:09Speaker 2: deal or something where You know, they're looking to now
- 1:35:13Speaker 2: focus on other countries where we could build that fuel
- 1:35:17Speaker 2: capability or to get that fuel from as well, not
- 1:35:21Speaker 2: just Russia. But Russia, once again, controls about 40% of
- 1:35:24Speaker 2: the world's. I'm sorry, did you.
- 1:35:26Speaker 1: Just say we're looking at other countries to produce some
- 1:35:29Speaker 1: breached uranium?
- 1:35:30Speaker 2: Well, we're looking to get, yeah, get some of that
- 1:35:33Speaker 2: to offset that, to offset Russia, right? To focus on
- 1:35:37Speaker 2: how we can not depend on Russia.
- 1:35:40Speaker 1: Why would we do that? When we have LIS being built, right?
- 1:35:44Speaker 1: Why would we even waste our time fucking around with
- 1:35:47Speaker 1: other countries?
- 1:35:47Speaker 2: Exactly. And this is why with LIS, next year's a
- 1:35:51Speaker 2: pivotal moment for us because we're going to showcase that
- 1:35:54Speaker 2: same results that Dr. Jeff Erkins produced earlier. And we're
- 1:36:00Speaker 2: going to show in a single stage we could enrich
- 1:36:02Speaker 2: the LEU, two stages, HALU. Once we do that, it's
- 1:36:05Speaker 2: going to send shockwaves across the world in the U.S.,
- 1:36:10Speaker 2: And then once we commercialize it, it's going to be
- 1:36:14Speaker 2: a big plus as well. Because commercializing it is saying
- 1:36:18Speaker 2: now we've built the business. We got approval from the
- 1:36:21Speaker 2: regulatory commission. That will take also the same amount of
- 1:36:25Speaker 2: time when all these reactors are built, all these small reactors,
- 1:36:29Speaker 2: which is, I would say, early 2030s, in or around then.
- 1:36:34Speaker 2: So the timing of this is in the next five
- 1:36:38Speaker 2: to four um, years, this is all going to come
- 1:36:42Speaker 2: to life. Um, that's what we, we hope to happen,
- 1:36:46Speaker 2: but we're all in on this. Um, I think, I
- 1:36:49Speaker 2: think with lists, you know, I could become a billionaire,
- 1:36:52Speaker 2: you know, that, that is something that we definitely need
- 1:36:56Speaker 2: in the future and the U S should definitely get behind. Um,
- 1:37:02Speaker 2: and we'll be making a lot of noise. I would
- 1:37:04Speaker 2: say with lists next year, because a lot of the
- 1:37:07Speaker 2: things we're doing now are going to, mature next year.
- 1:37:10Speaker 2: And people are going to see hopefully the government backing
- 1:37:14Speaker 2: us and, and state level, federal level. But, you know, we,
- 1:37:18Speaker 2: we were also, um, selected as one of the six, uh, companies,
- 1:37:24Speaker 2: domestic companies for the LEU acquisition program. So creating fuel
- 1:37:29Speaker 2: for the future, that's a $ 3. 4 billion over a decade, um,
- 1:37:34Speaker 2: award that goes, that the only, the six companies could
- 1:37:38Speaker 2: bid for. So we're already got some recognition. Um, also the, the, um,
- 1:37:45Speaker 2: the air force innovation unit also selected us to do
- 1:37:49Speaker 2: some feasibility studies around that as well. Um, so yeah, it's,
- 1:37:53Speaker 2: it's happening. It's happening, but in the next, I would
- 1:37:56Speaker 2: say year or two, we're really gonna see a big
- 1:38:00Speaker 2: difference and we're going to reestablish that baseline with lists
- 1:38:04Speaker 2: and with Dr. Jeff Erkins, um, And the funniest thing
- 1:38:09Speaker 2: I want to announce also is each, I would say,
- 1:38:13Speaker 2: enrichment project has a name. So I'm going to go
- 1:38:18Speaker 2: back to Lord of the Rings now. We're going to
- 1:38:20Speaker 2: name our project The Return of the King. Right. Right on. Yeah.
- 1:38:27Speaker 2: So we're going to bring him back, and this is
- 1:38:30Speaker 2: once again, a US origin technology. So this is like
- 1:38:34Speaker 2: we could pound our chest and say this is made
- 1:38:36Speaker 2: in America, right?
- 1:38:37Speaker 1: Man, that's cool.
- 1:38:38Speaker 2: Yeah.
- 1:38:38Speaker 1: That is cool.
- 1:38:39Speaker 2: Dr.
- 1:38:41Speaker 1: Jeff Erkins, that sounds like that would be a good interview.
- 1:38:44Speaker 2: Yes. Oh, he talks a little slow, but you'll love him. Yeah.
- 1:38:50Speaker 1: I'd love to meet him.
- 1:38:51Speaker 2: Yeah, you should. He'll talk. Sounds like he'll be around.
- 1:38:53Speaker 2: He wrote his own book, too. It's called The Nuclear Imperative.
- 1:38:56Speaker 2: You could actually buy it from Amazon.
- 1:38:58Speaker 1: Right on. I want to write that down. Yeah. The
- 1:39:00Speaker 1: Nuclear Imperative.
- 1:39:01Speaker 2: The Imperative, yeah. He wrote this a long time ago.
- 1:39:04Speaker 2: So now everything is full circle for him. And we
- 1:39:08Speaker 2: want to just create his legacy. And even his paperwork,
- 1:39:16Speaker 2: his CAD drawings, They're so old that when paper turns brown,
- 1:39:22Speaker 2: we have thousands of pages. I want to create a
- 1:39:24Speaker 2: museum one day for him and to showcase that his
- 1:39:29Speaker 2: life's work has now changed the world and made also
- 1:39:34Speaker 2: the U.S. stronger than any other nation in the world.
- 1:39:37Speaker 2: I mean, that's incredible.
- 1:39:38Speaker 1: That is something. Anything else to discuss when it comes
- 1:39:44Speaker 1: to lists?
- 1:39:46Speaker 2: No, we're just excited about what's going to come. And, um,
- 1:39:51Speaker 2: you know, there's tons of interests in lists as well,
- 1:39:54Speaker 2: like from investors, you, uh, I think recently, um, Kathy woods,
- 1:39:59Speaker 2: you know, the famous investor arc invests, they wrote an
- 1:40:03Speaker 2: article about us enrichment and that us enrichment needs to
- 1:40:08Speaker 2: be built back faster. If not, AI is not going to,
- 1:40:13Speaker 2: you know, be at the full capacity because you don't
- 1:40:16Speaker 2: have the field to power. the reactors and they listed
- 1:40:22Speaker 2: five companies and I believe, and LIS was selected as
- 1:40:25Speaker 2: one of the benefactors, right? So large investors are even
- 1:40:29Speaker 2: looking at us already, right? Because they see the potential here.
- 1:40:33Speaker 2: They see that this is going to be the next
- 1:40:36Speaker 2: generation of technology that changes the world. Yeah.
- 1:40:41Speaker 1: I'm excited for you.
- 1:40:42Speaker 2: Thank you.
- 1:40:43Speaker 1: I'm real excited for you. What else do you got
- 1:40:45Speaker 1: going on?
- 1:40:47Speaker 2: Um, No, those are my two, I would say, babies,
- 1:40:51Speaker 2: and I'm all in on that.
- 1:40:54Speaker 1: Well, you got your philanthropy.
- 1:40:56Speaker 2: Yes, yes.
- 1:40:57Speaker 1: It sounds like that's pretty important to you.
- 1:40:59Speaker 2: Yeah, it's very important. So, you know, growing up in
- 1:41:03Speaker 2: New York City, too, as a poor kid, I turned
- 1:41:07Speaker 2: to sports. I played a lot of basketball, football, like
- 1:41:11Speaker 2: not the real football where you're tackling everyone, but like
- 1:41:15Speaker 2: flag football. And And, you know, I was lucky because
- 1:41:19Speaker 2: I joined organizations that supported me, that kind of fostered
- 1:41:23Speaker 2: me and took me to tournaments and paid for my uniforms.
- 1:41:29Speaker 2: And I just want to give that back, kind of
- 1:41:32Speaker 2: like pay it forward. So, you know, I want to,
- 1:41:37Speaker 2: you know, invest into kids and through sports and education, right?
- 1:41:42Speaker 2: Like teaching them about the real world, but at the
- 1:41:45Speaker 2: same time, duplicate what was given to me. when I
- 1:41:48Speaker 2: was younger, which is, you know, paying for tournaments, uniforms. Uh,
- 1:41:53Speaker 2: so we have volleyball and basketball for inner city kids
- 1:41:56Speaker 2: right now. And, you know, we hire coaches, um, we
- 1:41:59Speaker 2: run clinics and, um, we do, we throw certain events too,
- 1:42:04Speaker 2: to educate people as well. We donate. Um, so yeah,
- 1:42:08Speaker 2: that's very important to me, just paying it forward, um,
- 1:42:11Speaker 2: being blessed and humble about things. And I think that
- 1:42:14Speaker 2: is necessary to, add to kind of, to the matrix,
- 1:42:19Speaker 2: to add to, to the kind of higher power above, right?
- 1:42:23Speaker 2: Like you, you give back, you will receive. So, um,
- 1:42:28Speaker 2: and this is what I live by and this is
- 1:42:30Speaker 2: why I think people like doing business with me because
- 1:42:33Speaker 2: I'm a genuine person. I don't look for the easy
- 1:42:35Speaker 2: way out. Um, I'm long-term and this is why I
- 1:42:39Speaker 2: want to create a legacy here, right? Like I'm long-term
- 1:42:42Speaker 2: in nano, long-term in lists. And I think this is
- 1:42:46Speaker 2: going to help change humanity, help change the world, and
- 1:42:52Speaker 2: give necessary energy to humanity across every aspect.
- 1:42:59Speaker 1: It's impressive, man. It's impressive.
- 1:43:01Speaker 2: Thank you.
- 1:43:02Speaker 1: Last question.
- 1:43:03Speaker 2: Yes.
- 1:43:03Speaker 1: If you could recommend three people to come on this show,
- 1:43:06Speaker 1: who would they be?
- 1:43:09Speaker 2: Definitely Dr. Jeff Herkins. Like, a movie could be created
- 1:43:13Speaker 2: out of, out of his life. Um, I would also recommend, uh, another, um, my,
- 1:43:22Speaker 2: my CEO actually of Nano would be great. He, he
- 1:43:25Speaker 2: has a very unique story as well. And then, um,
- 1:43:30Speaker 2: I would pick one friend of mine who also kind
- 1:43:34Speaker 2: of led the same journey as me, uh, but native
- 1:43:38Speaker 2: New Yorker, nothing was given to him. And he would
- 1:43:43Speaker 2: be able to come on and kind of, when I
- 1:43:45Speaker 2: say duplicate what I've done, but he could give you
- 1:43:48Speaker 2: a different perspective and a different topic and category. So, um,
- 1:43:52Speaker 2: I don't want to say his name because then, uh,
- 1:43:55Speaker 2: he'll get gassed up right now. He'll get, he'll be like,
- 1:43:58Speaker 2: oh my God, I could go on this show. So, um,
- 1:44:00Speaker 2: those are the three I would, I would definitely want
- 1:44:03Speaker 2: to come on the show.
- 1:44:04Speaker 1: Right on. Yeah. Well, thank you.
- 1:44:06Speaker 2: Yes.
- 1:44:06Speaker 1: Well, Jay, love what you're doing, man. Thank you. Thank
- 1:44:10Speaker 1: you for coming to Tennessee and doing this interview. And
- 1:44:14Speaker 1: I hope to see you again, and I wish you
- 1:44:16Speaker 1: the best of luck.
- 1:44:16Speaker 2: Thank you so much for having me.
- 1:44:18Speaker 1: My pleasure. No matter where you're watching The Sean Ryan
- 1:44:34Speaker 1: Show from, if you get anything out of this at all, anything,
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