Northwind Heavy Water Notes

Fixed-rate notes on two operating heavy water units that burn natural uranium and need no enrichment at all.

Heavy water reactors run on natural uranium, which removes enrichment from the supply chain entirely and with it a whole category of geopolitical exposure. Both units are in commercial operation under Canadian license with a regulated provincial contract. Regulation A is available to issuers organized in the United States or Canada, which is why a Canadian project can appear here while Regulation S offerings cannot.

Georgian Bay Nuclear Station · Tiverton, ONIn commercial operationEscrow: Meridian Trust, N.A.

TRL 9 of 9, band 8.9 to 9, signed by Dr. Helena Vargas-Mbeki, PE, Nuclear; former NRC senior reactor analyst, on May 21, 2026.See the evidence it rests on

$38,115,000 committed of $55,000,000

$38,115,000 released · 69% subscribed

Released to the issuerCommitted, held in escrowRemaining

Minimum: $500
Target coupon: 5.75%
Term: 10 yr
Investors: 4,106

Closes December 31, 2026 · 109 days remaining

Eligibility depends on residency, accreditation status and how much you have already invested this year.
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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.

Instrument and terms

Instrument: Fixed-rate note
Risk tier: Tier II · Operating Assets
Target coupon: 5.75%
Expected term: 10 yr
Price per unit: $100
Minimum investment: $500
Target raise: $55,000,000
Opens: February 24, 2026
Closes: December 31, 2026
Escrow agent: Meridian Trust, N.A.

Regulatory rail

Exemption: Regulation A+ Tier 2
Offering ceiling: $75M / 12 mo
Who can buy: All investors, 10% of income or net worth
Resale: Freely tradable
Resale restriction: None
Residency: No restriction
Accreditation: Not required

Secondary tradingComing soon

Freely tradable does not mean there is a market. An alternative trading system for platform securities is planned and is not operational.