Azets appointed as Moltex Energy administrators

Azets has revealed it has been appointed as administrators of Moltex Energy and is currently looking to secure a sale of the company and its assets.

Following the failure to achieve the majority shareholder consent to new investments in Moltex Energy Ltd, or the sale of its assets, the directors of the company have resolved to place the company into administration.

Jonathan Amor and Richard Oddy of Azets were appointed as administrators of the company on 17 March 2025.

Founded in 2016, Moltex Energy develops nuclear reactor technologies designed to provide clean energy at a lower cost than coal or gas.

The company has two subsidiaries: Moltex Energy Canada and MoltexFLEX.

Whilst the company is in administration, the subsidiary undertakings of Moltex Energy Canada Inc and MoltexFLEX Limited will continue to trade as usual and are unaffected. Azets said the decision taken to place the company in administration is in “no way a reflection on the operations of the proposition within the subsidiary companies”.

The strategy of the administrators is to market the business and assets of the company for sale, including the intellectual property and shareholdings of the subsidiary operations. The intention is to seek an acquirer that is well-positioned and suitably funded to develop the technology interests of the company further for the benefit of all stakeholders.