Terrestrial Energy to Become First Publicly Traded Molten Salt Nuclear Reactor Developer Through Combination with HCM II Acquisition Corp.

Terrestrial Energy Inc. ("Terrestrial Energy" or the "Company") is developing a small modular nuclear plant (the Terrestrial "IMSR plant") using proprietary Generation IV Integral Molten Salt Reactor (IMSR) nuclear technology. Terrestrial Energy's IMSR plant will supply high- temperature, clean, firm and flexible heat and electricity, with sector-competitive economics and leading time-to-market at fleet scale.The Transaction will provide approximately $280 million in gross proceeds consisting of$50 million ...