Terra Innovatum Global Reports Third Quarter 2025 Financial Results

Core Insights - Terra Innovatum is positioned at a pivotal moment in the nuclear industry, with increasing clean energy demand and favorable regulatory conditions, aiming to become a significant player in nuclear energy production by delivering safe, reliable, and low-cost power [2] Corporate Updates - The company successfully completed a business combination with GSR III Acquisition Corp. and began trading on Nasdaq under the ticker "NKLR" [6] - Terra Innovatum has selected its first deployment site for the FOAK SOLO micro-modular reactor in Illinois, with an option to purchase up to 50 commercial SOLO reactors [6] - The company has entered commercial partnerships to pursue opportunities for deploying up to 50 SOLO reactors in the U.S. and global markets [6] - Best-in-class independent directors have been appointed to the board, enhancing governance and strategic oversight [6] Financial Highlights - Terra Innovatum generated $131 million from the business combination and related equity financing on October 9, 2025, providing sufficient capital to license, construct, and operate the first-of-a-kind SOLO micro-modular reactor by 2027 [5][15] - The company has secured third-party component and fuel supply chain partners across the U.S., Europe, and South America for the production of FOAK SOLO by 2027 [5] - As of September 30, 2025, the company reported cash and cash equivalents of $2.15 million [15] Future Plans - The company aims to progress the U.S. NRC licensing process with the submission of the Safety Analysis Report by mid-2026 and expects to commence operating license activities in early 2026 [2] - Manufacturing activities at third-party supplier factories are set to begin, alongside building a book of committed orders for the SOLO solution [2] - SOLO micro-modular reactors are anticipated to be available globally within the next three years, addressing pressing global energy demands with a market-ready solution [11] Product Overview - The SOLO micro-modular reactor is designed to provide CO2-free, scalable, and affordable energy solutions for various applications, including data centers, mini-grids, and large-scale industrial operations [12] - The reactor can adapt to evolving fuel options and is built from readily available commercial components, ensuring rapid deployment and minimizing supply chain risks [11]