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Reg A+TRL76.5–7.4Tier IIOpen

Meridian Fuel Cycle

Meridian HALEU Fabrication

Senior notes on the fuel plant every advanced reactor on this platform depends on.

The advanced reactor fleet has a fuel problem: almost every design on this platform needs high-assay low-enriched uranium, and domestic fabrication capacity is a rounding error against the order book. Meridian holds a construction permit at Piketon and four executed supply agreements. This is a supplier, not a reactor, which historically is the side of the trade that survives.

Portsmouth Industrial Reservation · Piketon, OHConstruction permit issuedEscrow: Meridian Trust, N.A.
TRL 7 of 9, band 6.5 to 7.4, signed by Dr. Helena Vargas-Mbeki, PE, Nuclear; former NRC senior reactor analyst, on Jun 24, 2026.See the evidence it rests on

$44,520,000 committed of $60,000,000

$31,100,000 released · 74% subscribed

Released to the issuerCommitted, held in escrowRemaining
Minimum
$500

$100 per unit

Target coupon
6.85%

Annual, fixed

Term
8 yr
Investors
3,902

Closes December 15, 2026 · 93 days remaining

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Issuer updates

  1. Deconversion line milestone submitted for certification

    July 21, 2026

    We submitted the commissioning package for the deconversion line to the certifier on 20 July. Certification would release capital to the 70% threshold. Nineteen consecutive qualifying batches met specification during the pilot campaign.

    Grace Abernathy, CEO