Terrestrial Energy(NASDAQ) IMSR

Terrestrial Energy builds new types of nuclear power plants. These plants provide clean heat and electricity for big factories. They help companies move away from using fossil fuels.

Technology for the Next Generation

• IMSR Core-unit: Sealed, replaceable reactor vessel housing primary components like pumps and heat exchangers; functions on a seven-year replacement cycle.
• IMSR Fuel Salt: Liquid fuel containing uranium dissolved in molten salt; removes the need for solid fuel rods and operates at low pressure.
• Engineering Services: Specialized technical support for plant siting and regulatory filing; generates initial fees from pre-construction and site assessment work.

Moving Toward Commercial Use

• Completed a business combination with HCM II Acquisition Corp. on October 28, 2025.
• Finished a major design review with the Canadian Nuclear Safety Commission in April 2023.
• Joined a project with Texas A&M University to build a commercial plant in Bryan, Texas.
• Selected for the U.S. Department of Energy Advanced Reactor Pilot Program in August 2025.
• Signed agreements with Schneider Electric and Zachry Group to support construction and engineering efforts.

What Sets the IMSR Apart?

The design uses standard-assay low enriched uranium, which is more readily available than the fuels required by many other advanced reactors. Its high-temperature output allows the plant to support heavy industrial processes like chemical refining and hydrogen production.

Key Financial Performance Figures

• Net loss reached $18 million in Q4 2025, worsening from a net income of $2.4 million in Q4 2024.
• Operating loss was $13.5 million in Q4 2025, deepened from a loss of $303,640 in Q4 2024.
• Market capitalization reached $437.8 million in Q4 2025, down 32.9% year-over-year.
• Revenue was $0 in Q4 2025, as the company remains in the pre-construction and design phase.
• Accumulated deficit reached $124.6 million as of December 31, 2025, due to ongoing research and development costs.

The Long Road to Power

Terrestrial Energy is moving from reactor design toward building its first commercial power plants. Its future relies on meeting regulatory standards and building a global supply chain for its modular components.