Sufficient capital to license, construct, build and operate the first-of-a-kind ("FOAK") SOLOTM micro-modular reactor by 2027 and strengthen supply chain and accelerate scale-up
Third party component and fuel supply chain partners secured in the U.S., Europe, and South America for the production of FOAK SOLO by 2027
First deployment site selected in Illinois, including an MOU for up to 50 commercial SOLO units to be deployed
Total commercial commitments of 100 SOLO units under non-binding MOUs, reinforcing growing market demand and early-stage adoption across key global sectors
NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. ("Terra Innovatum" or the "Company") (NASDAQ:NKLR), a developer of micro-modular nuclear reactors, today reported its third quarter fiscal year 2025 financial and operating results.
Alessandro Petruzzi, Co-Founder & CEO of Terra Innovatum, said, "Terra Innovatum and the broader nuclear industry are undergoing a critical inflection point where massive clean energy demand and regulatory and geopolitical tailwinds are converging. As the first public microreactor developer to use non-proliferant commercially available LEU and off-the-shelf components, we have an incredible opportunity to capture this moment and become a major player in the new era of nuclear energy production by delivering safe, reliable and low-cost power to the world."
"We have a clear path to deploy our micro-modular solution by 2027 and commercialize by 2028. Our design is complete, our licensing process with the U.S. NRC is well defined, the supply chain is fully in place and we have the funds to get us to FOAK deployment. Our primary focus in the next 12 months is to 1) progress the U.S. NRC process with submittal of the Safety Analysis Report by mid-2026 and Operating License activities expected to commence in early 2026, 2) start the manufacturing activities at third-party supplier factories and 3) build a book of committed orders for our SOLOTM solution. We are confident in our ability to execute on these priorities and are excited for the future."
Corporate Updates
Following the quarter end, successfully completed business combination with GSR III Acquisition Corp. and began trading on Nasdaq under the new ticker "NKLR"
Accelerated the licensing process with key document filings submitted to the U.S. NRC in July and August; on track for operating license in 2027 and commercial license in 2028
Selected first deployment site for FOAK SOLO at Rock City Admiral Parkway Development in Illinois, including an option to purchase up to 50 commercial SOLO reactors
Entered commercial partnerships with Ameresco to jointly pursue public-private opportunities to deploy up to 50 SOLO reactors in the U.S. and global markets, as well as to expand commercial deployment initiatives with Rait 88 and other strategic partners in public and private sectors
Entered agreements with nuclear suppliers ...
