CHARLOTTE, N.C. and STAMFORD, Conn., Oct. 20, 2025 (GLOBE NEWSWIRE) -- HCM II Acquisition Corp. (Nasdaq: HOND) (“HCM II”), a special-purpose acquisition company, is pleased to announce that in an extraordinary general meeting held today, HCM II shareholders voted to approve the previously announced business combination with Terrestrial Energy Inc. (“Terrestrial Energy” or the “Company”), a developer of small modular Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR) te ...

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]

Fuel Line Pilot Program selection builds on Terrestrial Energy's Advanced Reactor Pilot Program participation, underscoring DOE’s confidence in the Company’s IMSR technology and its fuel cycle strategy for commercialization Fuel Line Pilot Program selection strengthens domestic nuclear fuel supply chain capabilities while supporting accelerated pathway to commercial deployment CHARLOTTE, N.C., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Terrestrial Energy Inc., a developer of small modular nuclear power plants using ...

Core Insights - Terrestrial Energy has achieved a significant milestone with the U.S. Nuclear Regulatory Commission (NRC) issuing its first Safety Evaluation on the Principal Design Criteria (PDC) for the Integral Molten Salt Reactor (IMSR), marking a pivotal step in the commercialization of molten salt reactor technology [1][6] - The NRC's ruling confirms the IMSR's unique safety mechanisms, particularly its use of temperature as an inherent control mechanism for reactor power, enhancing the safety and efficiency of the licensing process [1][2][5] Company Overview - Terrestrial Energy is focused on developing Generation IV nuclear power plants utilizing its proprietary IMSR technology, which aims to provide a cost-effective, versatile, and reliable source of zero-carbon energy [7][8] - The IMSR is designed to be small and modular, suitable for distributed energy supply across various industrial applications, thereby extending the use of nuclear energy beyond traditional electric power markets [8] Regulatory Progress - The NRC's Safety Evaluation serves as a foundational approval for future operating license applications, establishing a design framework that supports the commercialization of the IMSR [6] - In April 2023, the Canadian Nuclear Safety Commission (CNSC) completed a Vendor Design Review (VDR) of the IMSR, concluding that there are no fundamental barriers to licensing the plant for commercial use, further bolstering confidence in the technology [6] Market Potential - The IMSR technology is positioned to contribute significantly to global decarbonization efforts, providing low-cost, dispatchable energy that can support various industrial processes [8] - The successful regulatory approvals and the innovative design of the IMSR highlight its compelling commercial potential in the evolving energy landscape [5][8]

Core Insights - Terrestrial Energy is advancing the commercialization of its Integral Molten Salt Reactor (IMSR) technology to provide high-temperature, clean, and flexible energy solutions for various sectors, including industrial, data centers, and grid power [1] - The company has opened a new corporate headquarters in Charlotte, North Carolina, marking a significant milestone in its growth and commitment to U.S. nuclear supply chains [2][5] - Terrestrial Energy's strategy includes a domestically-secured supply chain and the use of Standard-Assay Low Enriched Uranium (LEU) fuels, distinguishing it from competitors relying on High-Assay Low-Enriched Uranium (HALEU) [4] Company Developments - The new headquarters will facilitate the development of IMSR plants and strengthen the company's leadership in the U.S. advanced nuclear reactor sector [5] - Terrestrial Energy is collaborating with Siemens for sourcing key electric power components, which enhances its supply chain capabilities [4] - The company has achieved a critical materials testing milestone in partnership with NRG PALLAS and signed a memorandum of understanding with Ameresco, Inc. to develop hybrid energy systems [5] Market Positioning - Terrestrial Energy's focus on a U.S.-anchored supply chain mitigates trade uncertainties and reduces reliance on foreign suppliers, positioning the company to leverage America's nuclear ecosystem [3] - The IMSR technology is designed for distributed supply of zero-carbon, reliable, and low-cost energy, extending nuclear energy applications beyond traditional electric power markets [6] - The company aims to build, license, and commission its first IMSR plants in the early 2030s, indicating a long-term growth strategy in the nuclear energy sector [6]

Core Insights - Terrestrial Energy Inc. and NRG PALLAS have initiated the final phase of graphite irradiation and selection for the Integral Molten Salt Reactor (IMSR), which aims to provide high-temperature, clean energy with competitive economics and rapid time-to-market [1][4][5] - The IMSR utilizes approximately 125 tonnes of graphite as a neutron moderator, and the tests at NRG PALLAS' High Flux Reactor (HFR) will validate the performance of selected graphite grades over a seven-year operating cycle [2][3] Company Overview - Terrestrial Energy is focused on developing Generation IV nuclear plants, specifically the IMSR, which is designed for low-cost, reliable, and zero-carbon energy supply, extending nuclear energy applications beyond traditional electric power markets [5] - The company is engaged with regulators and partners to license and commission the first IMSR plants by the early 2030s, aiming to support global decarbonization efforts [5] Collaboration Details - NRG PALLAS has over 50 years of experience in nuclear technology research and is conducting comprehensive irradiation tests to support advanced reactor development and licensing [4][7] - The collaboration between Terrestrial Energy and NRG PALLAS has been ongoing for five years, with the current phase marking a significant milestone in the graphite selection process [5] Business Combination Announcement - On March 26, 2025, Terrestrial Energy and HCM II Acquisition Corp. announced a definitive Business Combination Agreement, which will lead to Terrestrial Energy being listed on the Nasdaq under the ticker symbol "IMSR" [6]