A new class of energetic nanoparticles, and a method to produce the same. The energetic nanoparticles are differentiated from other metallic energetic nanoparticles by their core-shell nanostructure including an intermediate boride layer that provides oxidation protection and acts as an active mass. An intermetallic reaction occurs between aluminum and nickel. Aluminum based nanoparticles were used for the examples, but the principle is applicable to other materials as well.