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Reg CFTRL54.2–5.6Tier IClosing soon

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.

Horizon Center Industrial Park · Oak Ridge, TNPre-applicationEscrow: Cadence Escrow Services
TRL 5 of 9, band 4.2 to 5.6, signed by Dr. Samuel Adeyemi, PhD Nuclear Engineering; ASME Section III reviewer, on Jun 5, 2026.See the evidence it rests on

$4,205,000 committed of $5,000,000

$1,261,500 released · 84% subscribed

Released to the issuerCommitted, held in escrowRemaining
Minimum
$100

$25 per unit

Target coupon
6.00%

Annual, fixed

Term
4 yr
Investors
1,884

Closed August 29, 2026

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No payment processor is connected. The commitment flow runs end to end, through amount, agreement, signature and receipt, and records a simulated position rather than a charge.

Principal risks of this offering

  • No NRC application has been filed. The regulatory pathway for liquid-fueled reactors is not established.
  • Salt corrosion and tritium management remain unresolved engineering problems at commercial scale.
  • Convertible notes convert at the next qualified financing. If none occurs, repayment depends on a company with no revenue.
  • The 2034 commercial operation target assumes a licensing timeline no liquid-fueled reactor has yet achieved.

General risks of private securities

Private securities are speculative and illiquid. You should be prepared to hold this position for its full term and to lose the entire amount invested. Nuclear construction has a documented history of schedule and cost overrun. Platforms that sold equity in unbuilt energy projects have mostly failed; those that sold debt against operating assets with contracted offtake have mostly survived. That history is why the TRL tier of an offering matters more than its headline return.

A TRL score is not a prediction and not a rating. Read the offering documents in full before committing capital.