Certification
Milestones and releases
Capital is released in tranches against verified progress, and it takes two signatures from two parties: an independent certifier attesting the milestone is met, then platform operations instructing the escrow agent. Neither can do the other’s half.
Awaiting a certifier
Independent certifier onlyKestrel Fast Demonstration
Fuel qualification program initiated
$2,707,500
to 45% cumulative
- TRL target
- Level 5
- Requested
- Sep 11, 2026
- Offerings affected
- Kestrel Fast Systems
The issuer says
The fuel qualification program is under way at the national laboratory with the first two capsules irradiated. Requesting certification against the verification requirement.
You are working as a TRL reviewer. Only an independent certifier signs this.
Meridian HALEU Fabrication
Deconversion line commissioned
$8,904,000
to 70% cumulative
- TRL target
- Level 7
- Requested
- Sep 8, 2026
- Offerings affected
- Meridian HALEU Fabrication
The issuer says
The deconversion line has run continuously at rated throughput for thirty days and the commissioning report is with the regulator. Requesting certification of the tranche.
You are working as a TRL reviewer. Only an independent certifier signs this.
Certified, awaiting an escrow instruction
Platform operations onlyNothing certified is waiting. A tranche appears here the moment a certifier signs, and leaves it when operations instructs the escrow agent.