Cascade Salt Energy
Cascade Salt Energy
Convertible notes on a thorium fuel salt with a validated corrosion loop and no license application yet.
Thorium is abundant, and a liquid fuel salt at atmospheric pressure removes the high-pressure containment problem entirely. It also dissolves metal. Cascade has run a 4,000-hour corrosion loop at temperature and published the alloy results. What it does not have is a license application, a fuel supply agreement, or a customer. This is a technology bet at TRL 5.
$4,205,000 committed of $5,000,000
$1,261,500 released · 84% subscribed
- Minimum
- $100
- Target coupon
- 6.00%
- Term
- 4 yr
- Investors
- 1,884
$25 per unit
Annual, fixed
Closed August 29, 2026
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Use of proceeds
- 41%Integral loop test campaign
- 26%Salt chemistry and corrosion qualification
- 19%NRC pre-application engagement
- 9%Team and working capital
- 5%Offering expenses and platform fees
The issuer
Thermal-spectrum molten salt reactor burning a thorium-uranium fuel salt. Liquid fuel, graphite-moderated, atmospheric pressure primary loop.
- Legal name
- Cascade Salt Energy Corporation
- Entity
- Delaware C-corporation
- Jurisdiction
- Tennessee
- Founded
- 2019
Marcus FeldtChief Technology Officer
Molten salt chemistry and corrosion. Fourteen years at a national laboratory salt loop facility.