CHARLOTTE, N.C., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Terrestrial Energy Inc. (NASDAQ: IMSR) (“Terrestrial Energy” or “the Company”), a developer of small modular nuclear power plants using its Generation IV Integral Molten Salt Reactor (IMSR) technology, today announced it has published a letter to stockholders from Simon Irish, Chief Executive Officer. The letter recaps 2025 accomplishments and provides 2026 milestones. The letter is available under the “Events and Presentations” section of the Company’s inv ...

Core Viewpoint - Terrestrial Energy has signed an Other Transaction Authority (OTA) agreement with the U.S. Department of Energy (DOE) to expedite the operation of Project TEFLA, a pilot plant for IMSR Fuel Salt production, which is crucial for the company's business strategy [1][3]. Group 1: Project TEFLA Overview - Project TEFLA aims to demonstrate the proprietary IMSR Fuel Salt production technology, synthesizing fuel using standard-assay low-enriched uranium (SALEU) enriched to less than 5% U235 [2]. - The fuel produced will support the Project TETRA test reactor, developed under the DOE's Advanced Reactor Pilot Program [2]. - The project will utilize existing supplier relationships for key components, fuel feedstock, and transportation services [2]. Group 2: DOE Collaboration and Authorization - The DOE's authorization process will expedite the approval for the TEFLA pilot plant, facilitating the development of the TETRA test reactor and the IMSR fuel supply business [3]. - The OTA mechanism allows Terrestrial Energy to operate outside traditional federal contracting constraints, promoting rapid fuel production innovation [3]. Group 3: Commercialization and Energy Production - Terrestrial Energy's commercial IMSR plant is designed to produce 822 MWth (390 MWe) of clean energy for industrial heat applications and electricity generation [4]. - The plant's design emphasizes capital efficiency, cost reduction, and versatility, extending the application of nuclear energy beyond electric power markets [5]. - The company aims to build, license, and commission the first IMSR plants in the early 2030s, supporting global decarbonization efforts [6].

Core Viewpoint - Terrestrial Energy Inc. is set to participate in the 28th Annual Needham Growth Conference, highlighting its focus on small modular nuclear power plants utilizing Generation IV reactor technology [1][2]. Company Overview - Terrestrial Energy is developing Generation IV nuclear plants featuring the proprietary Integral Molten Salt Reactor (IMSR), which aims to enhance capital efficiency, reduce costs, and provide versatile energy solutions [3]. - The IMSR technology is designed for distributed supply of low-cost, reliable, and clean energy, applicable in various industrial sectors such as petrochemicals and data centers [3]. - The company is actively engaging with regulators, suppliers, and industrial partners to build and license the first IMSR plants, targeting deployment in the early 2030s [3].

Core Viewpoint - Terrestrial Energy has signed an Other Transaction Authority (OTA) agreement with the U.S. Department of Energy (DOE) to advance Project TETRA, a pilot reactor initiative that will facilitate the development of Integral Molten Salt Reactor (IMSR) technology, positioning the company for rapid commercialization of IMSR plants [1][2][3] Group 1: Project TETRA and OTA Agreement - The OTA agreement allows for the construction and operation of a pilot reactor under the DOE's Advanced Reactor Pilot Program, enabling a streamlined collaboration for design review and authorization [1][2] - The TETRA reactor will utilize low-enriched UF₄-based fuel (SALEU) with less than five percent U-235, which supports the company's goal of moving quickly from design to operation [2][3] - This agreement provides a flexible framework for innovation in advanced reactor technology, allowing Terrestrial Energy to operate outside traditional federal contracting constraints [2][3] Group 2: IMSR Technology and Market Position - The commercial IMSR plant is designed to produce 822 MWth (390 MWe) of low-cost clean energy, suitable for electricity generation and industrial heat applications [3] - The high-temperature molten salt fuel design enhances efficiency and supports various industrial applications, including data centers and manufacturing [3][5] - Terrestrial Energy's approach eliminates reliance on high assay low-enriched (HALEU) fuel, thereby improving supply security and scalability with existing U.S. manufacturing infrastructure [3][5] Group 3: Regulatory Environment and Future Engagement - The Advanced Reactor Pilot Program, established under Executive Order 14301, allows the DOE to authorize privately built reactors, facilitating a pathway to regulatory authorization for commercial operations [4] - Terrestrial Energy's selection for the DOE Fuel Line Pilot Program in September 2025 highlights its active engagement with DOE initiatives aimed at expediting the commercialization of small modular nuclear plants [4][6] - The company is focused on building, licensing, and commissioning the first IMSR plants in the early 2030s, indicating a commitment to advancing nuclear energy technology [6]

Core Viewpoint - Terrestrial Energy Inc. is advancing its Generation IV nuclear power plants, specifically the Integral Molten Salt Reactor (IMSR), which aims to provide low-cost, reliable, and clean energy solutions while participating in upcoming investor conferences to engage with stakeholders [1][2]. Company Overview - Terrestrial Energy is focused on developing small modular nuclear plants utilizing proprietary IMSR technology, which enhances capital efficiency, cost reduction, and versatility in energy supply [2]. - The IMSR is designed for dual-use applications, providing both industrial heat and electricity, and is applicable in sectors such as petrochemicals and data centers, thereby broadening the scope of nuclear energy beyond traditional electric power markets [2]. - The company is actively collaborating with regulators, suppliers, and industrial partners to build and license the first IMSR plants, targeting deployment in the early 2030s [2]. Upcoming Events - The company will participate in the B. Riley Securities Convergence Conference on December 4, 2025, in New York City, and the 2nd Annual Craig-Hallum Nuclear Energy Forum on December 11, 2025, which will be held virtually [5].

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].

Core Insights - Terrestrial Energy has appointed Sarfraz M. Taj as Vice President of Business Development, bringing over 20 years of nuclear industry experience from Constellation Energy [1][2] - The company aims to accelerate the commercialization of its Integral Molten Salt Reactor (IMSR) technology following its public listing [1][3] Company Developments - Sarfraz Taj's role will focus on expanding strategic partnerships and customer relationships, both in the U.S. and globally [2] - His previous experience includes significant contributions to major strategic transactions and initiatives in new nuclear development and advanced clean technologies at Constellation Energy [2] - Terrestrial Energy has made several key appointments recently, including David O'Keefe as Vice President of Business Development and Project Management, who has over 25 years of experience in the energy sector [3] Technology and Market Position - The IMSR technology is positioned as a future solution for clean, reliable, and cost-competitive nuclear power, utilizing Standard Assay Low-Enriched Uranium fuel and a capital-efficient business model [3][4] - IMSR plants are designed for distributed supply of low-cost, reliable, and clean energy, extending the application of nuclear energy beyond traditional electric power markets [4] - The company is engaged with regulators and industrial partners to build and license the first IMSR plants in the early 2030s, supporting global decarbonization efforts [4]

Core Viewpoint - Terrestrial Energy has completed its business combination with HCM II Acquisition Corp, resulting in over $292 million in gross proceeds to accelerate the deployment of its Integral Molten Salt Reactor (IMSR) nuclear technology, with trading set to begin on Nasdaq under the ticker symbol "IMSR" on October 29, 2025 [1][2][11] Company Overview - Terrestrial Energy is focused on developing Generation IV nuclear plants utilizing proprietary IMSR technology, which offers innovations in affordability, efficiency, and versatility for nuclear energy supply [5][13] - The IMSR plants are designed to provide zero-carbon, clean, firm, low-cost, high-temperature industrial heat and electricity, suitable for various industrial applications including data centers and green fuels [6][13] Technology and Market Position - The IMSR technology is differentiated from traditional nuclear technologies by its use of molten salt reactor design, which enhances efficiency and safety [6][7] - The plants will utilize Standard-Assay Low Enriched Uranium (SALEU) fuel, providing a secure and scalable fuel supply chain, which is strategically advantageous given geopolitical challenges affecting High-Assay Low-Enriched Uranium (HALEU) availability [7] Strategic Partnerships and Development - Terrestrial Energy has established partnerships with notable organizations such as Westinghouse and the U.S. Department of Energy, and has been selected for key government programs to accelerate commercialization [8][10] - A significant partnership with Texas A&M University aims to site a commercial IMSR plant, showcasing the technology and benefiting from the university's leadership in nuclear research [9] Financial Overview - The business combination has resulted in gross proceeds exceeding $292 million, including a $50 million PIPE investment and approximately $242 million from HCM II's trust account, with minimal shareholder redemptions [11]

Core Points - HCM II Acquisition Corp. has received shareholder approval for its business combination with Terrestrial Energy Inc., a developer of small modular Generation IV nuclear plants utilizing proprietary Integral Molten Salt Reactor (IMSR) technology [1][2] - The closing of the business combination is anticipated on or about October 27, 2025, with trading on Nasdaq commencing on October 28, 2025, under the symbols "IMSR" and "IMSRW" [2] Company Overview - Terrestrial Energy focuses on developing Generation IV nuclear plants that leverage IMSR technology, which offers benefits in capital efficiency, cost reduction, and versatility for various industrial applications [3] - The IMSR plants are designed to provide low-cost, reliable, and clean energy, extending the application of nuclear energy beyond traditional electric power markets [3] - The company aims to support energy demand growth and decarbonization efforts, with plans to license and commission the first IMSR plants for operation in the early 2030s [3] HCM II Acquisition Corp. Overview - HCM II is a special-purpose acquisition company (SPAC) formed to pursue business combinations with established companies poised for growth [4] - The management team includes Shawn Matthews as Chairman and CEO, and Steven Bischoff as President and CFO [5]

Core Viewpoint - HCM II Acquisition Corp. (NASDAQ: HOND) is initiating coverage with a Buy rating, focusing on the public listing of Terrestrial Energy, which is developing an integral molten salt reactor (IMSR) [1] Company Overview - HCM II Acquisition Corp. is facilitating the public listing of Terrestrial Energy, a company engaged in innovative energy solutions [1] Technology Development - Terrestrial Energy is working on the IMSR, which represents a significant advancement in nuclear reactor technology, potentially offering safer and more efficient energy production [1]