CHARLOTTE, N.C., Nov. 25, 2025 (GLOBE NEWSWIRE) -- Terrestrial Energy Inc. (NASDAQ: IMSR) (“Terrestrial Energy” or “the Company”), a developer of small modular nuclear power plants using its Generation IV reactor technology, announced today that the Company will be participating in the following investor conferences: B. Riley Securities Convergence Conference: AI, Blockchain & Energy on December 4th, 2025, in New York City.2nd Annual Craig-Hallum Nuclear Energy Forum on December 11th, 2025, (virtual). Membe ...

Core Viewpoint - Terrestrial Energy Inc. has appointed Jim Howe and David O'Keefe to enhance its leadership team and accelerate the deployment of its Integral Molten Salt Reactor (IMSR) technology across various market sectors [1][5]. Company Developments - The appointments of Howe and O'Keefe are aimed at strengthening the company's government relations and project management capabilities, which are critical for capturing the growing market demand for clean energy solutions [2][5]. - Jim Howe, with extensive experience in government relations, will focus on federal and state engagements, particularly in Texas, to support the commercial IMSR plant project at Texas A&M University [3][5]. - David O'Keefe, with a strong background in business development and finance, will oversee the commercial delivery of the RELLIS project and expand the company's IMSR deployment opportunities in the U.S. [4][5]. Market Position and Strategy - Terrestrial Energy's IMSR plant is designed to provide clean, reliable, and cost-effective energy for industrial operations, data centers, and power grids, addressing the rising market demand for scalable energy solutions [2][8]. - The company is aligned with federal policies aimed at accelerating the deployment of advanced nuclear technologies, targeting a nuclear generation capacity of 400 GW by 2050 [6]. - Recent milestones include the selection of a commercial IMSR plant site at Texas A&M's RELLIS campus and participation in various Department of Energy programs, which validate the company's strategies and enhance its market position [7][6]. Future Outlook - The leadership appointments and recent achievements position Terrestrial Energy at the forefront of the U.S. nuclear energy renaissance, with plans to build and commission the first IMSR plants in the early 2030s [8][6].

Company Overview - Terrestrial Energy is a developer of Generation IV nuclear plants utilizing proprietary Integral Molten Salt Reactor (IMSR) technology, which enhances affordability, efficiency, and versatility in nuclear energy supply [2][22] - The IMSR plants are designed to provide zero-carbon, clean, firm, low-cost, high-temperature industrial heat and electricity for various applications, including data centers and green fuels [3][22] Business Combination Details - Terrestrial Energy has announced a business combination with HCM II Acquisition Corp, which will lead to Terrestrial Energy becoming a public company listed on Nasdaq under the ticker symbol "IMSR" [1][19] - The transaction is expected to generate approximately $280 million in gross proceeds, with $50 million from common stock PIPE commitments and about $230 million from HCM II's trust account [16][17] - The pre-money equity value of Terrestrial Energy is set at $925 million, with a pro forma enterprise value of around $1 billion and a pro forma equity value of approximately $1.3 billion [17][19] Technology and Market Position - Terrestrial Energy's IMSR technology is differentiated from legacy nuclear technologies by its use of molten salt, which allows for high efficiency and inherently safe operations [4][10] - The IMSR plants are designed to utilize low-cost, readily available Standard-Assay Low Enriched Uranium (LEU) fuel, addressing supply chain challenges associated with High-Assay Low-Enriched Uranium (HALEU) [5][22] - The company has established partnerships with notable organizations, including Westinghouse Fuels and the U.S. Department of Energy, enhancing its market position [11][22] Regulatory Milestones - In April 2023, the Canadian Nuclear Safety Commission completed its Vendor Design Review of the IMSR plant design, marking a historic first for a Generation IV reactor powered by molten salt technology [13][22] - The company has been engaged with the U.S. Nuclear Regulatory Commission since 2016, successfully navigating interagency reviews [13][22] Management and Leadership - Terrestrial Energy is led by CEO Simon Irish and a highly experienced management team, supported by a board of directors with extensive backgrounds in the nuclear industry [7][18] - The leadership team includes advisors with significant experience in energy and government, enhancing the company's strategic direction [7][22] Future Outlook - The transaction is anticipated to be completed in the fourth quarter of 2025, subject to customary closing conditions [19][20] - Terrestrial Energy aims to accelerate the commercial deployment of its IMSR technology, positioning itself to meet the growing demand for clean energy solutions across various industrial sectors [15][22]