NKLR

This article first appeared on GuruFocus. Release Date: August 27, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Terra Innovatum Global NV (NASDAQ:NKLR) has advanced its NRC engagement, submitting construction permit chapters and initiating pre-application review, with the remaining chapters targeted for October. The company has converted its supply chain strategy into tangible progress, selecting approximately 30 suppliers for the FOC program and issuing purchase orders with advanced payments for over 80% of the bill of materials. Terra Innovatum Global NV (NASDAQ:NKLR) maintains a strong cash position of $91.1 million, with a plan to have at least $30 million remaining after funding the first-of-a-kind reactor by the end of 2027. The company is developing qualified commercial opportunities, including a signed LOI with Wayken ILW for up to 8 MWe of behind-the-meter capacity for data centers in Argentina and Brazil. Terra Innovatum Global NV (NASDAQ:NKLR) is leveraging its modular, water-independent design (with dry cooling) to target diverse applications beyond data centers, including hospitals, mining, and remote grid locations, enhancing its market potential. The company is on track with its licensing timeline, with plans to begin preparation for the operating license application in Q3 2027, demonstrating steady execution against stated milestones. Terra Innovatum Global NV (NASDAQ:NKLR) reported a net loss of $18 million for Q2 2026, which included a significant $13.2 million non-cash fair value remeasurement expense related to warrant liabilities. The company's cash reserves decreased from $101 million at the start of the year to $91.1 million by the end of Q2, reflecting ongoing operational costs and procurement activities. The construction permit process is still in early stages, with the final submission of remaining chapters not expected until October, and the overall licensing and deployment timeline remains subject to regulatory review and other uncertainties. Commercial agreements are primarily at the LOI stage, and the company acknowledges that converting these into definitive agreements depends on satisfying technical, site, regulatory, and commercial requirements, which poses execution risk. The company's focus on international markets, such as Argentina and Brazil, introduces regulatory and geopolitical complexities, although the team has prior experience in these regions. Terra Innovatum Global NV (NASDAQ:NKLR) faces the challenge of managing a complex supply chain, with some supplier relationships and component details not yet publicly disclosed, which could present unforeseen risks. Warning! GuruFocus has detected 2 Warning Sign with NKLR. Is NKLR fairly valued? Test your thesis with our free DCF calculator. Q: How is the NRC licensing process progressing, and is the timeline in line with original expectations?A: Alessandro Petruzzi, Co-Founder and CEO, confirmed the dialogue with the USNRC remains productive, with weekly feedback. The company submitted nine chapters of the construction permit three weeks ago and requested a written review. The remaining nine chapters are targeted for submission by October. The new Part 57 framework has positively impacted the design and licensing work, as it will govern commercialization. The team remains fully on track with the timeline outlined a year ago, with the final safety analysis report targeted for 2027. Q: Can you expand on the LOI with Wayken and other commercial agreements?A: Giordano Morichi, Managing Director of Global Business Development, detailed the signed LOI with Wayken (part of the Wirten Group) for up to 8 megawatts electric of behind-the-meter solar capacity to support DirecTV and Sky data center facilities in Argentina and Brazil. This marks the first tangible manifestation of international go-to-market strategy. The next steps involve siting planning, further technical discussions, and potential amplification through the group's portfolio. The company emphasizes quality over quantity, focusing on tangible and feasible commercial opportunities. Q: What is the current cash position and how long will the capital last?A: Cathy Williams, CFO, reported $91.1 million in cash and cash equivalents at the end of Q2 2026, down from $101 million at the start of the year. The company is tracking exactly to its original capital plan: by the end of 2027, it will have spent what is needed for the first-of-a-kind (FOC) reactor while maintaining at least $30 million remaining for commercialization efforts. Operating expenses for Q2 were $6.1 million, with the net loss of $18 million including a $13.2 million non-cash fair value remeasurement expense. Q: What progress has been made on the supply chain and long-lead items?A: Alessandro Petruzzi highlighted significant advancement from memoranda of understanding to tangible procurement. The company has selected approximately 30 suppliers from an initial pool of 130 for the FOC program, issued actual purchase orders with advanced cash payments, and prepared technical specifications for more than 80% of the FOC bill of materials. Key partnerships include Mersen for nuclear graphite, CONWAR for advanced components, ATP Riva Calzoni for manufacturing, SPG Dry Cooling for condensers, Bordrocki for helium circulation, and Oden (a Baker Hughes company) for steam turbines. The supply chain's mentality has shifted from viewing nuclear as an "elephant industry" to understanding microreactor manufacturing. Q: How does the company evaluate which commercial opportunities to pursue?A: Giordano Morichi explained the company's disciplined approach focuses on real opportunities over headline volume. Terra evaluates whether there is a definite power requirement, a viable site, a deployment pathway, and the regulatory capacity for commercial deployment. The company is mindful of supply chain capabilities and timing, prioritizing quality over quantity. This approach is designed to build a trusted track record of commercial execution, similar to what has been achieved in supply chain and licensing planning. Q: Why is water-independent cooling important for the SOLO reactor?A: Alessandro Petruzzi explained that water independence is critical for data center applications, where water availability is a major constraint. The SOLO reactor's balance of plant uses a dry cooling system requiring very limited water refills (every 15 years), making it highly attractive for data centers and other facilities with similar challenges. The company initially uses a steam turbine Rankine cycle but has signed an agreement with Baker Hughes for a supercritical CO2 turbine, which will eliminate water needs entirely in the secondary side. Q: What is the value-add of the Pittsburgh office expansion and US supply chain plans?A: Cathy Williams stated the Pittsburgh platform supports US-based commercial and operating capacity, bringing the company closer to the US supply chain, politicians, and state-level influencers. This proximity helps secure the best deals for locating in particular states. The US supply chain expansion has been in the forecast from the beginning, and the office facilitates these efforts. The company remains on track with its capital plan to support the FOC through 2027. Q: What are the remaining supply chain items needed to deploy a reactor?A: Alessandro Petruzzi confirmed that all reactor components have identified suppliers, though some relationships are not yet public due to NDAs. Technical discussions are occurring daily with each supplier. Practically, there is no component that has not been identified with a supplier or for which technical discussions have not occurred. The company is also discussing commercialization support with long-lead suppliers, viewing the FOC as an intermediate step toward broader market deployment. Q: How are international commercial discussions impacted by the NRC process?A: Alessandro Petruzzi noted that the USNRC's role is widely known internationally and is fundamental to international business discussions. The licensing process demonstrates project commitment and maturity, providing confidence to other nations to follow similar regulatory paths. The company is engaging in Indonesia, the Philippines, Africa, and South America, where attention to licensing is often even more important than design. Countries with more nuclear experience, like Indonesia, Malaysia, and Vietnam, can look beyond the license itself. The construction permit submission and NRC review will increase the company's capacity to convert international interest into concrete opportunities. Q: What makes Terra's SOLO reactor unique compared to competitors?A: Alessandro Petruzzi outlined four key differentiators: (1) Commercial dedication - the company focuses on commercialization rather than just the FOC, viewing the FOC as a step toward market entry; (2) Strategic versatility - SOLO can be deployed anywhere with minimal water needs and a small footprint, applicable to any industry; (3) Cost competitiveness - the company selects components with an eye toward minimum cost for commercialization, not just the FOC; (4) Technology evolution - the reactor is designed to improve over time, with potential to switch to thorium fuel or supercritical CO2 systems as they become available, positioning Terra to enter the market quickly and then enhance the product. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Timely filed Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 Reported $91.1 million of cash and cash equivalents as of June 30, 2026 Continued execution across commercial development, licensing, supply-chain readiness and FOAK deployment planning NEW YORK, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. (“Terra Innovatum”, “Terra”, or the “Company”) (NASDAQ: NKLR), a developer of micro-modular nuclear reactors, today announced that it has reported financial results for the second quarter ended June 30, 2026, and that the Company will host a webcast and conference call at 8:00am Eastern Time on Thursday August 27, 2026, to discuss the quarter and recent operational progress. Terra timely filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, on 14 August, 2026. During and following the quarter, the Company continued to advance commercial, regulatory, supply-chain and organizational workstreams supporting the development and future deployment of its SOLO™ micro-modular reactor. Alessandro Petruzzi, Co-Founder and Chief Executive Officer of Terra Innovatum, said, "The second quarter marked Terra's continued transition from development to execution. We advanced our regulatory pathway, expanded commercial progress, and further strengthened the supply-chain and manufacturing foundation required to support FOAK deployment and commercialization." Kathy Williams, Chief Financial Officer of Terra Innovatum, said, "Our second quarter financial results reflect disciplined investments in personnel, public-company infrastructure, licensing, development, and supply-chain readiness. The Company’s $91.1 million cash balance provides the capital base to advance these defined execution priorities as we pursue FOAK readiness and commercialization." FINANCIAL HIGHLIGHTS Cash and cash equivalents were $91.1 million as of June 30, 2026. Total operating expenses and loss from operations were $6.1 million in the second quarter, including $4.6 million of general and administrative expenses and $1.5 million of development costs. Net loss was $18.0 million, or $0.16 per basic and diluted share, for the three months ended June 30, 2026. Net loss included $13.2 million in non-cash fair-value remeasurement expense associated with share-settled contingent and warrant liabilities. OPERATIONAL HIGHLIGHTS Advanced an initial commercial pathway for up to 8 MWe of behind-the-meter SOLO™ capacity supporting data center facilities in Argentina and Brazil. Progressed NRC engagement and expanded U.S. commercial and operating capabilities in support of SOLO™ licensing, deployment planning and commercialization. Advanced critical manufacturing and supply-chain relationships intended to support FOAK deployment and future scale-up. WEBCAST AND CONFERENCE CALL DETAILS Terra Innovatum will host a live webinar and conference call to discuss its second quarter 2026 financial results, recent operational progress, and priorities for the balance of 2026. Date: Thursday August 27, 2026Time: 8:00am ETWebcast: RegistrationPhone: +1 (201) 389-0920 A telephonic replay will be available from approximately 12:00pm ET on the day of the call through Thursday, September 10, 2026. To listen to the archived call, dial +1 (412) 317-6671 and enter replay pin 13762356. The live webcast and replay can also be accessed via the investor relations section of the Company’s website at www.terrainnovatum.com where a transcript will also be posted once available. ABOUT TERRA INNOVATUM & SOLO™ Terra Innovatum’s mission is to make nuclear power accessible. We deliver simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere 1 MWe at a time. Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the intended licensing strategy for SOLO™ is designed to support timely deployment and minimize supply chain risks, with the aim of ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies. SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can be scaled to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment. To learn more, visit: https://investors.terrainnovatum.com/.Follow us on X: https://x.com/TerraInnovatumand LinkedIn: https://www.linkedin.com/company/terra-innovatum-solo/. CONTACTS Giordano MorichiFounding Partner, Managing Director of Global Business Development and Investor RelationsTerra Innovatum Global N.V.E: [email protected]: www.terrainnovatum.com Investor and Media RelationsSimon Willcocks, Alliance Advisors IRE: [email protected] FORWARD LOOKING STATEMENTS This press release includes “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, opinions and projections prepared by Terra Innovatum’s management. Forward-looking statements generally relate to future events or future financial or operating performance, including pro forma and estimated financial information, and other “forward-looking statements” (as such term is defined in the Private Securities Litigation Reform Act of 1995). The recipient can identify forward-looking statements because they typically contain words such as “outlook,” “believes,” “expects,” “will,” “projected,” “continue,” “increase,” “may,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negatives or variations of these words or other comparable words and/or similar expressions (but the absence of these words and/or similar expressions does not mean that a statement is not forward-looking). These forward-looking statements specifically include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity and market share, expected timing for regulatory approvals and commercialization and the potential success of Terra Innovatum’s strategy and expectations. Forward-looking statements, opinions and projections are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of Terra Innovatum’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Terra Innovatum’s control. These uncertainties and risks may be known or unknown. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in domestic and foreign business, market, financial, political and legal conditions; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Terra Innovatum’s ability to manage future growth; Terra Innovatum’s ability to develop new products and services, bring them to market in a timely manner, and make enhancements to its platform; the effects of competition on Terra Innovatum’s future business; and the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries and other risks and uncertainties described under the heading “Risk Factors” in documents Terra Innovatum files from time to time with the Securities and Exchange Commission including Form 10-Q for the quarter ended June 30, 2026. If any of these risks materialize or Terra Innovatum’s assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking statements contained herein. In addition, forward-looking statements reflect Terra Innovatum’s expectations and views as of the date of this press release. Terra Innovatum anticipates that subsequent events and developments will cause its assessments to change. However, while Terra Innovatum may elect to update these forward-looking statements in the future, it specifically disclaims any obligation to do so. Accordingly, you should not place undue reliance on the forward-looking statements, which speak only as of the date they are made.

NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. (NASDAQ: NKLR) (“Terra” or the “Company”), a developer of advanced micro modular nuclear reactors, today reported first quarter 2026 financial and operating results and announced the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. With this filing, the Company has regained current status with its SEC reporting obligations. In addition, the filing reflects Terra's continued investment in commercialization activities supporting its proprietary SOLO™ Micro Modular Reactor (“SOLO™”), including procurement of long-lead materials and reactor equipment, manufacturing and supply-chain readiness, and ongoing U.S. Nuclear Regulatory Commission (“NRC”) licensing activities. First Quarter 2026 Overview With the filing of its Form 10-Q for the quarter ended March 31, 2026, Terra has regained current SEC reporting status and provided an update on first quarter financial results and operating progress, including continued execution across licensing, procurement, manufacturing readiness, and commercialization planning for the SOLO™ platform. “Regaining current SEC reporting status is an important milestone for Terra and reflects a great deal of work across our finance, legal and reporting teams. I’m pleased that we’re able to make this important step in restoring regular financial transparency for our shareholders,” said Katherine Williams, Chief Financial Officer of Terra Innovatum. “Our first quarter 2026 results reflect disciplined investment in the workstreams that are central to our execution plan, including licensing, procurement, supply-chain readiness and deployment planning. We believe this spending profile is consistent with where the SOLO™ program stands today and with our broader objective of advancing toward FOAK deployment in a capital-conscious manner.” “As Terra advances toward commercialization, our capital allocation is naturally shifting toward the workstreams that support deployment of the SOLO™ platform,” said Alessandro Petruzzi, Chief Executive Officer of Terra Innovatum. “Our first quarter activities were centered on licensing, long-lead procurement, manufacturing readiness and FOAK planning as we continued to advance the SOLO™ platform toward commercial deployment. We are encouraged by the progress of discussions with prospective customers across the AI and data center, critical infrastructure, industrial, energy, and metals and mining sectors. At the same time, we believe the continued evolution of the U.S. regulatory framework for advanced reactors, including the NRC's proposed Part 57 rulemaking for micro reactors, reinforces the momentum behind the commercialization of advanced nuclear technologies.” Financial Highlights Terra’s first quarter expenditures continued to reflect the Company’s focus on activities supporting NRC licensing, long-lead procurement, manufacturing readiness, and execution planning for first-of-a-kind (“FOAK”) deployment of the SOLO™ platform. Cash and cash equivalents were $96.7 million as of March 31, 2026. Net loss for the quarter ended March 31, 2026 was $7.1 million, or $0.06 per share. Loss from operations for the quarter ended March 31, 2026 was $6.6 million. Net cash used in operating activities during the quarter ended March 31, 2026 was $3.9 million. Operational Highlights During the first quarter of 2026, Terra continued its transition from reactor design toward commercial execution. The Company's expenditures during the period primarily supported: Procurement of long-lead reactor components and critical materials; Manufacturing readiness and supply-chain execution; Ongoing NRC licensing and regulatory support activities; and Engineering and execution activities for FOAK and commercial deployment. As Terra advances its commercialization plan, the Company’s spending profile increasingly reflects execution activities that support commercial deployment of the SOLO™ platform, rather than earlier-stage reactor design and development. Near-term Operating Priorities For the balance of 2026, Terra remains focused on: Advancing NRC submissions and related licensing activities. Continuing procurement and manufacturing readiness work in support of FOAK deployment. Strengthening supply-chain execution with existing partners. Progressing commercial engagement and customer discussions supporting future deployment of the SOLO platform. The Company continues to expect its existing capital resources to fund development through its FOAK deployment. Procurement activity completed to date indicates that costs for major equipment, materials, and regulatory activities remain broadly consistent with, and in certain areas below, the Company's original planning assumptions, reinforcing management’s confidence in its commercialization plans. Terra expects to continue providing shareholders with updates as additional licensing, manufacturing, and commercial milestones are achieved throughout 2026. ABOUT TERRA INNOVATUM & SOLO™ Terra Innovatum's mission is to make nuclear power accessible. We deliver simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere 1 MWe at a time. Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind. It is anticipated that SOLO™ will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO™ enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies. SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment. To learn more, visit: https://investors.terrainnovatum.com/. Follow us on X: https://x.com/TerraInnovatum and LinkedIn: https://www.linkedin.com/company/terra-innovatum-solo/. FORWARD-LOOKING STATEMENTS This press release includes “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, opinions and projections prepared by Terra Innovatum’s management. Any statements made in this press release that relates to future expectations, plans, outcomes or performance of Terra Innovatum are statements of Terra Innovatum alone. Forward-looking statements generally relate to future events or future financial or operating performance, including pro forma and estimated financial information, and other “forward-looking statements” (as such term is defined in the Private Securities Litigation Reform Act of 1995). For example, expectations regarding filing of the Company’s periodic reports with the SEC, regaining compliance with Nasdaq listing standards and key business metrics are forward-looking statements. The recipient can identify forward-looking statements because they typically contain words such as “outlook,” “believes,” “expects,” “ will,” “projected,” “continue,” “increase,” “may,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negatives or variations of these words or other comparable words and/or similar expressions (but the absence of these words and/or similar expressions does not mean that a statement is not forward-looking). These forward-looking statements specifically include, but are not limited to, statements regarding projections of market opportunity and market share, expected timing for regulatory approvals and commercialization and the potential success of Terra Innovatum’s strategy and expectations. Forward-looking statements, opinions and projections are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of Terra Innovatum’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Terra Innovatum’s control. These uncertainties and risks may be known or unknown. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the Company’s recent business combination; risks relating to the uncertainty of the projected financial information with respect to Terra Innovatum; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Terra Innovatum’s ability to manage future growth; Terra Innovatum’s ability to develop new products and services, bring them to market in a timely manner, and make enhancements to its platform; the effects of competition on Terra Innovatum’s future business; and the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries and other risks and uncertainties described under the heading “Risk Factors” in documents Terra Innovatum files from time to time with the Securities and Exchange Commission. If any of these risks materialize or the Terra Innovatum’s assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking statements contained herein. In addition, forward-looking statements reflect Terra Innovatum’s expectations and views as of the date of this presentation. Terra Innovatum anticipates that subsequent events and developments will cause its assessments to change. However, while Terra Innovatum may elect to update these forward-looking statements in the future, each of them specifically disclaims any obligation to do so. Accordingly, you should not place undue reliance on the forward-looking statements, which speak only as of the date they are made. CONTACTS Giordano MorichiFounding Partner, Chief Business Development Officer & Investor RelationsTerra Innovatum Global N.V. E: [email protected]: www.terrainnovatum.com Investor RelationsSimon Willcocks, Alliance Advisors IRE: [email protected] Media RelationsAlliance Advisors IRE: [email protected]

Filed the Company’s Annual Report on Form 10‑K for fiscal year 2025, completing its first annual reporting cycle as a public company and establishing the foundation for future timely reporting. Ended FY2025 with $102.9 million in cash and a debt-free balance sheet. Progressed NRC, manufacturing and supply chain milestones supporting the Company’s planned 2028 commercialization timeline. NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. (“Terra Innovatum” or the “Company”) (NASDAQ: NKLR), a developer of micro-modular nuclear reactors, today reported its fourth quarter and fiscal year 2025 financial and operating results and announced the filing of its Annual Report on Form 10‑K for the fiscal year ended December 31, 2025. 4Q & FY 2025 Summary Filed the Company’s Annual Report on Form 10‑K for fiscal year 2025, completing its first annual reporting cycle as a public company and establishing internal reporting precedents as a cross‑border issuer. Ended the year with $102.9 million in cash and cash equivalents, including proceeds from the business combination with GSR III Acquisition Corp. and related equity financing on October 9, 2025, providing sufficient capital to fund the Company’s expected licensing, manufacturing and FOAK deployment activities. Advanced NRC licensing with submission of key documents and topical reports, and remain on track to submit the Safety Analysis Report by mid‑2026, supporting the Company’s planned path to NRC approval and initial commercial operations. Progressed supply chain readiness and early manufacturing activities with ATB Riva Calzoni and other partners to support planned FOAK deployment and broader commercial scale-up. Continued to build a robust commercial pipeline, including non‑binding MOUs totaling 100 SOLO units across data centers, industrial facilities and government‑related opportunities. Selected Rock City Admiral Parkway in Illinois as the FOAK deployment site, with an option for up to 50 commercial SOLO units and commercialization potential starting in 2028. Alessandro Petruzzi, Co‑Founder & CEO of Terra Innovatum, said, “Terra Innovatum and the broader nuclear industry are at a critical inflection point where massive clean energy demand, regulatory momentum and geopolitical tailwinds are converging. As the first public microreactor developer to rely on non‑proliferant, commercially available low‑enriched uranium fuel and off‑the‑shelf components, we believe we are uniquely positioned to capture this opportunity and become a major player in the new era of nuclear energy production by delivering safe, reliable and low‑cost power to the world.” Petruzzi continued, “Our financial and operational progress in 2025 has reinforced that conviction. Our design is complete, we believe our licensing path with the U.S. NRC is well defined, our supply chain is fully in place, and we have the funds expected to be necessary to reach FOAK deployment. In 2026, our primary focus will be to: 1) progress the U.S. NRC process with the submittal of the Safety Analysis Report by mid‑2026, 2) continue ramping manufacturing activities at third‑party supplier facilities, and 3) convert our robust pipeline and MOUs into a growing book of committed SOLO orders. We are confident in our ability to execute on these priorities and excited about the opportunities ahead.” Katherine Williams, Chief Financial Officer of Terra Innovatum, added, “On behalf of the Board and management team, I want to thank our shareholders and the broader market for their patience as we completed a comprehensive review of our earnings cycle and filed our first Annual Report on Form 10‑K as a public company. With the work we have completed to date, the Board is confident that Terra Innovatum is positioned to pair disciplined, transparent reporting with the operational execution needed to deliver on its FOAK and long‑term growth objectives, and to meet the market’s expectations for timely, high-quality disclosure.” “Taken together with the filing of our 2025 Form 10-K, we view these results as reinforcing Terra Innovatum’s capacity to execute on SOLO without the need for incremental near‑term capital,” continued Williams. “The company exits 2025 with sufficient cash to be fully funded through expected FOAK licensing and construction, and to support continued execution of the broader SOLO program and its key regulatory and commercialization milestones, while maintaining a capital‑light, fab‑less model and a debt‑free balance sheet. That combination of balance sheet strength and disciplined investment gives us high confidence in management’s ability to deliver against the milestones outlined in this release.” “Following the filing of our 2025 Form 10‑K, we expect to file our Form 10‑Q for the quarter ended March 31, 2026 shortly thereafter, and return to a regular reporting cadence,” concluded Williams. Corporate and Operational Updates Public listing and balance sheet: Following the October 9, 2025 closing of the business combination with GSR III Acquisition Corp., Terra Innovatum began trading on Nasdaq under the ticker NKLR. Terra Innovatum added approximately $109 million, net of expenses, to its balance sheet through this business combination, leaving the Company debt free and fully funded for expected FOAK licensing and construction activities. NRC licensing progress: Terra Innovatum advanced an accelerated, dual‑track licensing strategy with the U.S. Nuclear Regulatory Commission (NRC), pursuing construction permit and operating license activities in parallel, supported by multiple topical reports and white papers already submitted. The Company remains on track to submit the Preliminary Safety Analysis Report by mid-2026, a key milestone in its accelerated licensing strategy. FOAK deployment site: The Company selected Rock City Admiral Parkway Development in Illinois as the FOAK SOLO deployment site, a six‑million‑square‑foot underground industrial facility serving major retailers, food chains and government archives, with an MOU that includes an option to deploy up to 50 additional SOLO units over time. Commercial partnerships and pipeline: Terra Innovatum entered into a commercial partnership with Ameresco to jointly pursue public‑private deployment opportunities for up to 50 SOLO reactors across U.S. Department of Defense and Department of Energy campuses and other federal, state, municipal and commercial customers. Together with Rock City and other strategic partners, the Company’s total commercial commitments stand at 100 SOLO units under non‑binding MOUs, reinforcing early‑stage demand across data centers and hard‑to‑abate industrial sectors. Supply chain and manufacturing: Terra Innovatum strengthened its fab‑less manufacturing model by deepening relationships with ATB Riva Calzoni, Paragon Energy Solutions, Conuar and TechSource, which collectively support a production capacity of up to 400 SOLO reactors per year by the end of 2028. ATB Riva Calzoni has already begun early industrial production activities, establishing manufacturing processes and logistics for FOAK and subsequent commercial units. Fiscal Year 2025 Financial Highlights Loss from operations for 2025 was $33.7 million, compared to a loss from operations of $153,000 in 2024, as Terra Innovatum continued to invest in licensing, engineering and organizational build‑out as a newly public company. Net income for 2025 was $539.5 million, or $9.74 per diluted share, compared to a net loss of $34,000 in 2024. 2025 net income was primarily driven by non‑cash unrealized gains on the Company’s share‑settled contingent liability and warrant liabilities recognized in connection with the business combination and related financings. Cash and cash equivalents were $102.9 million as of December 31, 2025, compared to $2.15 million as of September 30, 2025, prior to the $131 million of gross proceeds from the GSR III business combination and related equity financing. Net cash used in operating activities for 2025 was $10.3 million, compared to $42,000 in 2024, reflecting increased investment in licensing, engineering and public company readiness. The Company had no debt outstanding as of December 31, 2025. Terra Innovatum has not yet generated revenue from the SOLO program and expects to continue to incur operating losses as it advances licensing, engineering and commercialization activities. Strategic Priorities for 2026 Terra Innovatum’s key priorities over the next 12 to 18 months include: Converting non‑binding MOUs and advanced commercial discussions into committed orders with high‑quality, long‑term customers in data centers, industrials and public‑sector infrastructure. Maintaining an accelerated NRC licensing pace while advancing toward planned FOAK deployment and commercial operations. Scaling the Company’s supply chain partnership network to support up to 400 SOLO units per year by the end of 2028, while preserving a capital‑light, fab‑less manufacturing model. Maintaining a consistent and timely public reporting cadence following the filing of the 2025 Form 10‑K, including the Form 10‑Q for the quarter ended March 31, 2026 shortly thereafter. ABOUT TERRA INNOVATUM & SOLO™ Terra Innovatum's mission is to make nuclear power accessible. We deliver simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere 1 MWe at a time. Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind. It is anticipated that SOLO™ will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO™ enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies. SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment. To learn more, visit: https://investors.terrainnovatum.com/. Follow us on X: https://x.com/TerraInnovatum and LinkedIn: https://www.linkedin.com/company/terra-innovatum-solo/. FORWARD LOOKING STATEMENTS This press release includes “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, opinions and projections prepared by Terra Innovatum’s management. Forward-looking statements generally relate to future events or future financial or operating performance, and other “forward-looking statements” (as such term is defined in the Private Securities Litigation Reform Act of 1995). The recipient can identify forward-looking statements because they typically contain words such as “outlook,” “believes,” “expects,” “will,” “projected,” “continue,” “increase,” “may,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negatives or variations of these words or other comparable words and/or similar expressions (but the absence of these words and/or similar expressions does not mean that a statement is not forward-looking). These forward-looking statements specifically include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projected cash runway of Terra Innovatum, projections of market opportunity and market share and the potential success of Terra Innovatum’s strategy and expectations. Forward-looking statements, opinions and projections are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of Terra Innovatum’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Terra Innovatum’s control. These uncertainties and risks may be known or unknown. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in domestic and foreign business, market, financial, political and legal conditions; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Terra Innovatum’s ability to manage future growth; Terra Innovatum’s ability to develop new products and services, bring them to market in a timely manner, and make enhancements to its platform; the effects of competition on Terra Innovatum’s future business; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and other risks and uncertainties described under the heading “Risk Factors” in documents the Company files from time to time with the Securities and Exchange Commission. If any of these risks materialize or the Terra Innovatum’s assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking statements contained herein. In addition, forward-looking statements reflect Terra Innovatum’s expectations and views as of the date of this press release, and Terra Innovatum disclaims any obligation to revise or update any forward-looking statements to reflect events of circumstances after the date hereof. Accordingly, you should not place undue reliance on the forward-looking statements, which speak only as of the date they are made. CONTACTS Giordano MorichiFounding Partner, Chief Business Development Officer & Investor RelationsTerra Innovatum Global N.V. E: [email protected]: www.terrainnovatum.com Investor RelationsSimon Willcocks, Alliance Advisors IRE: [email protected] Media RelationsAlliance Advisors IRE: [email protected]

Company expects to file 2025 Form 10-K on or prior to June 15 First quarter 2026 Form 10-Q expected to follow promptly after annual filing NEW YORK, May 22, 2026 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. (NASDAQ: NKLR) (“Terra” or the “Company”), a Nasdaq listed company, today disclosed receipt of a Nasdaq Listing Delinquency Letter and provided an update on the timing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. Terra Innovatum continues to work diligently to complete its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. As previously disclosed, the Company is taking the necessary time to ensure the filing is aligned with its post-combination reporting requirements and accurately reflects the appropriate technical accounting treatment of certain non-cash items. The Company is working diligently to file its Form 10-K on or prior to June 15, 2026. Following the filing of the Form 10-K, the Company expects to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 as promptly as practicable thereafter. In connection with this timing, on May 19, 2026, the Company received a notice from the Nasdaq Stock Market indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission due to its inability to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. Under Nasdaq rules, the Company has until June 15, 2026 to regain compliance or to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). The Company remains engaged with Nasdaq regarding these filings. The Nasdaq notice has no immediate effect on the listing or trading of the Company’s ordinary shares on Nasdaq. Katherine Williams, Chief Financial Officer at Terra Innovatum, stated: “As previously noted, the delay in filing our 2025 10-K is not related to any underlying financial performance or operational issues. Rather, it reflects the complexity of our corporate structure and the reporting requirements following our business combination, including multi-jurisdictional considerations across Italy, the Netherlands, the United States, and the Cayman Islands, as well as the appropriate technical accounting treatment of certain non-cash items.” “As the Company’s new CFO, I believe it is my responsibility to complete a thorough review process and ensure our filings are accurate, complete, and fully reflective of the Company’s progress. I also believe it is important to establish a high standard in this Form 10-K that will guide our financial reporting process and future filings going forward. We are working closely with our auditors and advisors to complete the Form 10-K and expect to file the Form 10-Q for the first quarter of 2026 shortly thereafter,” Williams concluded. Terra Innovatum is diligently working to complete the filing process and expects to do so within the applicable compliance period. ABOUT TERRA INNOVATUM & SOLO™ Terra Innovatum's mission is to make nuclear power accessible. We deliver simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere 1 MWe at a time. Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind. It is anticipated that SOLO™ will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO™ enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies. SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment. To learn more, visit: https://investors.terrainnovatum.com/. Follow us on X: https://x.com/TerraInnovatum and LinkedIn: https://www.linkedin.com/company/terra-innovatum-solo/. FORWARD LOOKING STATEMENTS This press release includes “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, opinions and projections prepared by Terra Innovatum’s management. Any statements made in this press release that relates to future expectations, plans, outcomes or performance of Terra Innovatum are statements of Terra Innovatum alone. Forward-looking statements generally relate to future events or future financial or operating performance, including pro forma and estimated financial information, and other “forward-looking statements” (as such term is defined in the Private Securities Litigation Reform Act of 1995). For example, expectations regarding filing of the Company’s periodic reports with the SEC, regaining compliance with Nasdaq listing standards and key business metrics are forward-looking statements. The recipient can identify forward-looking statements because they typically contain words such as “outlook,” “believes,” “expects,” “ will,” “projected,” “continue,” “increase,” “may,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negatives or variations of these words or other comparable words and/or similar expressions (but the absence of these words and/or similar expressions does not mean that a statement is not forward-looking). These forward-looking statements specifically include, but are not limited to, statements regarding expected filing timelines of the Company’s periodic reports with the SEC, the Company’s ability to regain compliance with Nasdaq listing standards, estimates and forecasts of financial and performance metrics, projections of market opportunity and market share, expected timing for regulatory approvals and commercialization and the potential success of Terra Innovatum’s strategy and expectations. Forward-looking statements, opinions and projections are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of Terra Innovatum’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Terra Innovatum’s control. These uncertainties and risks may be known or unknown. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the Company’s recent business combination; risks relating to the uncertainty of the projected financial information with respect to Terra Innovatum; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Terra Innovatum’s ability to manage future growth; Terra Innovatum’s ability to develop new products and services, bring them to market in a timely manner, and make enhancements to its platform; the effects of competition on Terra Innovatum’s future business; and the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries and other risks and uncertainties described under the heading “Risk Factors” in documents Terra Innovatum files from time to time with the Securities and Exchange Commission. If any of these risks materialize or the Terra Innovatum’s assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking statements contained herein. In addition, forward-looking statements reflect Terra Innovatum’s expectations and views as of the date of this presentation. Terra Innovatum anticipates that subsequent events and developments will cause its assessments to change. However, while Terra Innovatum may elect to update these forward-looking statements in the future, each of them specifically disclaims any obligation to do so. Accordingly, you should not place undue reliance on the forward-looking statements, which speak only as of the date they are made. CONTACTS Giordano MorichiFounding Partner, Chief Business Development Officer & Investor RelationsTerra Innovatum Global N.V. E: [email protected]: www.terrainnovatum.com Investor RelationsSimon WillcocksAlliance Advisors IRE: [email protected] Media Relations Fatema BhabrawalaAlliance Advisors IRE: [email protected]

Image source: The Motley Fool. Thursday, April 16, 2026 at 10 a.m. ET Chief Executive Officer — Alessandro Petruzzi Chief Development Officer and Director of Investor Relations — Giordano Morichi Chief Financial Officer — Katherine Williams Giordano Morichi: Thank you, operator, and good morning, everyone. My name is Giordano Morichi. I'm the Founding Partner and Chief Development Officer and Director of Investor Relations of Terra Innovatum. Today, we'll provide a business update on Terra Innovatum, including recent progress across the SOLO™ micro-reactor program, regulatory engagement, commercialization activities, technology development milestones, including Mersen Graphite prototype and key supply chain advancements. For today's call, please note that you can follow along using the accompanying presentation, which is available for full download in the Investors section of Terra Innovatum's website at terrainnovatum.com. Before we begin, I want to briefly address timing around our 10-K filing. As announced, we anticipate filing in our 10-K in the near term as we finalize reporting under a new CFO leadership. Importantly, this does not impact our operations, liquidity or strategic process and progress. And today's call is focused on substantial business momentum we are seeing across the platform. Further, I want to also address something we've seen on certain data platforms. It was brought to our attention that one of the SEC filings was reported by a major market data provider, giving the appearance that one of our fundings having sold a portion of their stake in the company. This is incorrect and the data has been corrected. So to be clear, this management team has not sold any of their shares. Moving on then. Today, we're very thrilled to provide an update on Terra Innovatum, including progress across the solar micromodule reactor program, regulatory advancement, supply chain execution, commercialization activity and key technology milestones. I'm joined today on the call by Alessandro Petruzzi, Co-Founder and CEO; and Cathy Williams, our Chief Financial Officer. Please turn to Slide 2 to review cautionary statements. As you're likely aware, during the formal presentation as well as Q&A sessions, management may make some forward-looking statements about our current plans, beliefs and expectations. These statements apply to future events that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from what is stated here today. These risks, uncertainties and other factors are provided in the earnings release as well as other documents filed by the company with the Securities and Exchange Commission. These documents can be also found on our website at sec.gov. Now if you please turn to Slide 3, I'll turn the call over to Alessandro to begin. Alessandro? Alessandro Petruzzi: Thank you, and thank you to everyone for joining us today. I would like to provide a glossary of the key terms and [indiscernible] we use through the presentation including SOLO, FOAK, NOAK, LTE and various reactor types. I won't go through each of them. This is a useful reference as we discuss our [indiscernible] technology, regulatory path and commercialization plans. When we started Terra Innovatum, we're not trying to improve traditional nuclear. There was a different problem we went out to solve. Power is becoming a constraint across the industry and not just hyperscalers. It is a material and growing demand among industrial users for reliable, always on energy that they can operate and grow. [indiscernible] solutions don't fully address that need. Large-scale nuclear is complex and slow to deploy, while intermittent renewable don't provide continuous outlook. So we [indiscernible] something that does that Innovatum is creating a new category. Distributed modular micro reactor designed to deliver renewable energy directly [indiscernible]. This allow us to serve immediate demand today while maintaining a clear path to larger scale deployments over time. Turning to Slide 6. 2025 was a year of substantial progress for Terra. Across all of the core areas that matter most to our success. Operator: One moment please moment. [Technical Difficulty] Please continue, Mr. Petruzzi. Alessandro Petruzzi: Apologies for this disconnection. We start again with Slide #6. So I was saying that 2025 was a year of substantial progress for Terra across all of the core areas that matter more to our success and the advancement of our project. Regulatory execution, supply chain liveness and commercial market development. Starting with the regulatory and licensing, we moved from planning into structural execution. We advanced our engagement with the U.S. Energy achieved accepted bucketing of topical papers and white papers to review and build the foundation for the next major milestones height that include approval of plants or design criteria, construction private application submission and ultimately the operating license [indiscernible]. Just as importantly, we made significant progress on the industrial side of the business. We secured the end-to-end supply chain required for SOLO from 130 initially identified suppliers without selective 30 for contract agreement and initiated procurement activities that support both first deployment and early follow-on [indiscernible]. We also began [indiscernible] manufacturing activity to [indiscernible] and successfully produced the graphite prototype for [indiscernible] together with Mersen, which we view as an important validation of both the design and the manufacturability of key reactor components. And on the commercial side, we continue to demonstrate that market demand is really growing. We ended the year with approximately $4 billion in pre-commercial commitment, while expanding positioning our SOLO is a flexible platform that can sell a broader range of industrial infrastructure and data center application across geographies. So when we look back at 2025, we see a year where Terra materially reduced the execution risk across the business. We have demanded the regulatory path, secured the supply chain and deepened the commercial traction, all of which move us closer to deployment and commercialization. Moving to Slide 7. Here, we would like to highlight the regulatory framework and outline the main U.S. NRC we have completed so far. Our licensing process formally began in January 2025 with the submission of our regulatory engagement plan to the NRC. Since then, we have completed multiple docketed submission, including principal design criteria, our quality assurance plan, safeguards and material control and accounting methodology and [indiscernible] across the sign topical efforts, along with several white papers addressing key elements of the SOLO-60K. We maintain continuous [indiscernible] and engagement with energy staff through workers, shop and technical meetings. Even today, we are going to have a meeting with U.S. NRC. And the pay application phase is now nearing completion as we transition to PSAR in construction permit application readiness. It is important to note that all our submission and meeting with the U.S. NRC public and our progress as well as our peers can be tracked. We encourage our investors to read this report and follow along on our path to deploy. The next Slide 8 highlights the regulatory retail wins. Regulatory nuclear has historically been good as is constraint. What we are seeing now is a different approach. The development of 10 CFR Part 57 represent a structural shift in how micro reactor will be licensed in the United States. For the first time, the framework is being designed specifically around system like SOLO, factory build model and deployable at scale. In our view, this is a clear signal that the regulators expect micro-reactors to play a meaningful role in the near energy future and are actively building the framework to support high-volume deployment. So it's not adapting to this [trend]. It was designed and built for it. And moving to Slide 9. I would like now focus on the supply chain. This is a major execution milestones for Terra. We have secured the end-to-end supply chain required to manufacture and deploy SOLO. That included a critical nuclear grid component such as fuel, the pressure test control system and cost structure as well as our non-nuclear component, plant system, including the turbine heat exchange systems and support infrastructure. And importantly, these are not conceptual revision. We have built area to integrated network of qualified suppliers that can support the rigorous engineering and manufacturing standards this platform demands. This market because supply chain is where many advanced reactor program ramp into delays. Longly components and procurement and certain [indiscernible] deployment even when the technology [indiscernible]. We are working to address that risk early. By securing this input now we have improved our readiness for publication, reducing potential to equipment in bottlenecks and strengthening our ability to move as the regulatory milestones are achieved. That fits directly with our broader execution model, we have licensing, manufacturing and supply chain development are all advancing in part. So the takeaway is now simple. Today, we are not just designing solely, we move it far beyond the early stage of what this product can be. Today, we are preparing to build and position SOLO for deployment to demonstrate what this solution can do. In this industry, supply chain is where time lines break and we have addressed that risk earlier. And now we are able to build, thanks to the -- to our work plan supply chain partners as this is outlined on Slide 10. We have established a strategic alignment with leading partners across fuel components, manufacturing and deployment, including [indiscernible] Mersen, Ameresco and a Fortune 100 energy company and others. This partner provide nuclear grid systems, feul instrumentation and control and deployment capability that are critical to SOLO execution and scale-up. Moving to Slide 11. We may now turn to an exciting operational update. We are pleased to announce an important manufacturing milestones achieved recently together with Mersen. We have successfully produced a graphite reactor core engineering prototype for SOLO, which marks another step forward in our readiness for first deployment. This is significant because it reflects not just progress on a component. It shows that we are continuing to translate supply chain preparation in actual manufacturing execution, and that is exactly the kind of progress we want investors to see as we move towards the [indiscernible] deployment. As you know, graphite is a critical material within the SOLO rector call, and this component is designed towards key systems and core agents that influence thermal performance, integration and overall system [availability]. So achieving this prototype and the required tolerance is an important technical validation above the design and the manufacturability of the reactor. Just as importantly, this work helped establish the procedure, the quality control and the production standards that are required for repeatable manufacturing. In other words, this is not only about proving we can make the part one but actually helping build the industrial foundation required to scale from NOAK into serialized NOAK production. These milestones also based on our previously announced agreement with Mersen for nuclear-grade graphite and other critical materials. It reinforced that our supply chain strategy is not theoretical. It is producing tangible outcomes and supporting our target path to focus in 2027 and broader commercialization beginning in 2028. So overall, we view this is a meaningful proof point for Terra. It demonstrates progress at the intersection of engineering materials and manufacturing and we support our broader objective of moving SOLO from a completed design into [indiscernible] repeatable deployment platform. Turning to Slide 12. What's critical to understand about SOLO is that this is not a future concept. Our solution was specifically designed for the need to meet current industrial energy demand. We are actively engaging with customers today across a wide range of industry that need reliable carbon-free power in the 1 to 200-megawatt range that we think of as a retailing nuclear market. This is a massive underserved segment made up of thousands of industrial users around the globe who cannot access traditional nuclear but still require [indiscernible] dependable energy. SOLO was designed to serve that market with a standardized, sellable product where bespoke decade long infrastructure project that cost many billions of dollars just are not suitable. Most importantly is that this is the same platform scale from single unit deployment to multi-unit configuration capable of supporting larger loads like data center and industrial campuses. We are addressing immediate demand today while also positioning the platform to meet the much larger energy needs of tomorrow. And now let me introduce you to Slide 13, a fundamental evolution in our service deployed. Historically, one SOLO reactor meant roughly 1 megawatt electrical watt. What we have now unlocked is a configuration where multiple reactors in a period with a centralized power conversion, allowing us to generate 20 megawatts from just 16 costs. That shift [indiscernible] a lot. By decoupling the reactor from the turbine optimizing at the system level, we materially improve efficiency, reduced footprint and lower overall and complexity and cost. And importantly, this is not theoretical. We are developing this configuration and on-site and measure global turbine partner validating both the personal and the path to the deployment. SOLO NOAK, a model of product into a scalable application optimized power system. From an investor perspective, this is meaningful because we are providing an innovation now that directly lowers cost per megawatt, reduce physical footprint and expand the range of commercially viable deployment. In other words, it improved both unit economics and total addressable market at the same time. And the second innovation is how SOLO actually operate once it is deployed. And what you are seeing in Slide 14 is our ability to cover the full demand spectrum from [indiscernible] base loads to seasonal variation and short-duration peak spike all within a single system. What -- we do that by combining constant nuclear assets with a small amount of integrated capacitor storage, allowing us to respond dynamically without having incremental reactor capacity, that's a meaningful advantage. Traditional system requires significant overbuild or large-scale battery infrastructure to handle variability. We are achieving the same outcome with a fast, simple and more capital-efficient approach. The result is a system that can operate autonomously, adapt to real-world demand and deliver consistent power with new added complexity. For investors, that means we can deliver good quality, dispatchable power without the cost and scale of traditional storage solutions. That drives a structurally lower cost curve and position SOLO as a true replacement for both baseload and flexible generation. Turning to Slide 16. Our strategy has been consistent from day 1, build a system that is simpler, faster to deploy and scalable by design. At the center of that strategy is a fundamental different approach to conventional construction and deployment. Rather than building a nuclear project from scratch at each customer site. We are producing SOLO as a standardized factory build system. Units are assembled in one location under control condition and then delivered to the customer site for installation and connection. That matters for several reasons. First, we support much faster path to market by reducing on-site build complexity compressing deployment time line and enabling a more repeatable installation process. And second, we give out a platform that can scale globally, not one custom project at time, but an industrialized process designed for broader market penetration. This model is supported by the key building blocks we have already put in place, a progress and advancing licensing pathway, republication and construction activities that have been already initiated, a simplifying standardized design and a secure supply chain to support the execution. Today, we have reached a point where our first-of-a-kind [indiscernible] design is complete. Our supply chain is in place, and we are fully funded through our initial deployment phase. From an investor standpoint, what matters is this. We are no longer quoting a concept. We are executing a deployment strategy. Slide 17 introduced the demonstration of that strategy. I want to emphasize here how much more this is just reactive. SOLO is a building block of the energy infrastructure that can be deployed, replicated and scaled. Each unit delivers renewable baseload power and heat operate continuously and is designed to run for decades with minimum intervention. But what makes SOLO truly differentiated is not just the performance. It's how it's built and deployed. This is a factory assembly system designed for repeatability of bespoke construction. And that shift from megawatt project to product is what really allow the scalability of this business. Slide 16 highlights SOLO key differentiators. SOLO is designed to be safe by physics. There is no risk of the [indiscernible] exposure, [indiscernible] risk after [indiscernible] and no requirement for an exclusion zone, which together support deployment across a wide range of commercial and industrial sites. The reactor is a factory build using [indiscernible] component. It uses low enriched uranium fuel that is already NRC licensed and available at commercial scale and offers the stability in output, electricity, process heat and [indiscernible] across diverse end user industry. Our licensing pathway and the FOAK, NOAK design provide what we believe is an industrial-leading [indiscernible] to market with current cash expected to fully fund the FOAK. We also believe SOLO is well aligned with the NRS developing Part 57 framework for micro reactors, which is intended to better accumulate features such as factory fabrication, transportability, model of deployment, automation and remote operation, all of which support a more streamlined and potentially faster regulatory pathway over time. To explain further, FOAK to NOAK means that the reactor we deployed first is the same reactor we intend to commercialize. We are not demonstrating one design and then redesigning for scale. Combined with our licensing power pathway, that design [indiscernible] is a real key differentiator for SOLO and our platform. On Slide 19, we stepped back from the individual units and look at what makes SOLO scalable on global basis. We see 4 core pillars of differentiation here, global market penetration, nonproliferation alignment, power scalability and output versatility. SOLO's low-enriched uranium-based design is aligned with global nonproliferation standards, support deployment across both U.S. and international markets. The SOLO platform is scalable and single-unit application to multi-unit fee deployments depending on the customer needs. And last but not least, SOLO is versatile in what it can deliver, including electricity, fleet and rates across a wide range of end markets. Moving now to Slide 20. One of the most important decisions we made earlier was not to become a manufacturer. Instead, we built Terra as a [indiscernible] company focused on design, integration and deployment while levering a global network of nuclear qualified suppliers. This allows us to remain capital efficient while still scaling of thousands of units. It also significantly reduced educational risk. We are not building manufacturing capacity from scratch. We are activating capacity that already exists. From an investor perspective, this model is what enables both speed and scale with the traditional capital burden associated with nuclear. The benefit of this model includes commercial and regulatory reasons, an asset-light capital structure, scalability to thousands of units and accelerated time to market. Moving now to Slide 21. We have crossed a key threshold as a company. Our design is complete. Our supply chain is secure. Manufacturing has begun, and our regulatory process is now advancing. There is no longer a concept story we are executing towards deploying. And now I'm excited to provide an update on our roadmap to FOAK and commercialization beginning on Slide 23. This slide highlights how our license approach refers fundamentally from traditional nuclear. On the right, you can see the conventional pathway where each step is potential. You complete your initial submission, obtain first-of-a-kind approval and then effectively start over with new licensing and redesigning work to reach commercial deployment. Our approach is different. First, we are pushing a parallel licensing strategy, advancing both the construction permit and creating license simultaneously with [indiscernible]. This allow us to compress some line and avoid the delay inherent in a step-by-step process. Second and critically, our FOAK [indiscernible] design are identical. That means the unit we demonstrate is the same as the one we commercialized in meeting the design and licensing and additional engineering between phases. And third, this leads directly to accelerated commercialization. By combining a simplified design with a regulatory pathway aligned with micro-reactors particularly the low to mid of Part 57, we expect to move from demonstration to fix deployment far more efficiently than traditional nuclear projects. The result is a streamlined pathway where FOAK approval effectively becomes the bridge to commercialization rather than beginning of a new process. And moving to Slide 24. We will keep this at high level for now as we have worked through each of these components already. What is important to note today is how they have all come together. This road map show quite simplistically and evidently that we are no longer advancing isolated work stream. We are moving on to operating in a phase where everything is moving seamlessly in parallel. Our regulatory process is progressing. Our supply chain is in place and ready to scale. And on commercial side, we are moving from evaluation to real site selection and now deployment plan. And those 3 elements, licensing, manufacturing and deployment are aligned and that alignment is what enables the first of a kind. And just as importantly, it's what allows us to move beyond FOAK [indiscernible], where this becomes a repeatable, scalable model, not a one-off project. So rather than thinking about this as a time line on individual milestones, we think about it as a convergence point where years of development transition into execution. And as we move through 2026 and into 2027, that convergence is what positions us to deliver our first deployment and begin scaling from here. And on the topic of scaling, I will now hand it over to Giordano to give an update on commercialization progress. Giordano Morichi: Thank you, Ale. We currently have approximately [ 200 units ] under nonbinding MOUs, representing roughly $4 billion in potential value. While this agreement were nonbinding, they reflect the real counterparties, active site level engagement and growing demand, not early-stage exploration. Customers are increasingly seeking deployable solution to solve immediate power constraints, and that is exactly what's SOLO is designed to deliver. If you look at '27, our commercialization strategy is built around scalable deployment across U.S. and international markets, leveraging SOLO's non-proliferation online design and modular architecture. SOLO uses of low-enriched uranium fuel is aligned with the treaty on a non-proliferation of nuclear weapons and support deployment in both nuclear and nonnuclear weapon states. In the U.S., this enables deployment across government and defense sectors, including the Department of War and on and off federal land. Essentially, it supports deployment in Europe allied jurisdictions and nonnuclear countries under appropriate safeguards. If you look at '28, you will find details on the first deployment site Rock City Admiral Park. Our first-of-a-kind deployment is planned at Rock City's underground Industrial Park, where our MOU includes an option to deploy up to 50 reactors over time or 50 megawatts electric of capacity. The expected initial term is 15 years with potential for up to 45 years of operations through modular core-swap subject to NRC approval. And the 6 million square foot underground site provides an ideal environment for licensing, testing and construction. Rock City will provide a controlled environment for first deployment critical for execution and validation. On Slide 29, Uvation position us directly within the AI infrastructure build-out, where power availability is rapidly emerging as a critical growth constraint. We are planning a 1-megawatt electric SOLO-powered pilot deployment to support next-generation AI with high-performance computing data centers with the ability to scale to 100 megawatts electric to additional SOLO units. It is behind-the-meter, carbon-free solution is designed to address the growing energy bottleneck facing AI and data center expansion, while positioning Terra at the center of one of the fastest-growing and most power-intensive segments of global economy. Moving to Slide 30. Ameresco gives us access to federal and commercial deployment channels at scale. We have entered into comprehensive framework to evaluate siting, deployment, construction, integration, operation and decommissioning planning for SOLO reactors across U.S. federal and commercial sites. The agreement started deployment for up to 50 SOLO reactors focusing on federal customers, such as Department of War, Department of Energy and also enables global outreach leveraging Ameresco's network. Slide 31 illustrates how SOLO addressing key challenges across 4 core segments, data centers and digital infrastructure, infrastructure utilities, medical and health care and industrial factories. Common themes across these customers include the need to meet exponential growth in demand, reduce emissions at competitive costs, secure locally deployable power and, in some cases, support the production of life-saving radioisotopes. With that foundation, I'll turn now to Kathy for financial updates. Kathy? Katherine Williams: Thank you, Giordano, and good morning, everyone. As you know, we previously communicated an expected filing time line of April 15 following our extension period. While we've not made significant progress, we did not meet that date. To be clear, this is not a function of any underlying financial performance or operational issues, whether it reflects the complexity of our structure and the reporting requirements following the business combination. This business combination includes multi-jurisdictional considerations across Italy, the Netherlands, the United States and Cayman. We are currently working through the appropriate technical accounting treatment of certain noncash items with our auditors. We expect to file the 10-K in the near term, but I believe it is more appropriate to take the necessary time to ensure the filing correctly represents the impacts of the business combination and our progress during 2025. As is typical in these situations, we expect to receive a standard notification from NASDAQ related to the timing of our filing. This is a procedural matter, and we intend to address it in the normal course within the prescribed timeframe consistent with NASDAQ's standard process. Giordano and Alessandro have provided you information on the significant progress we are making across licensing, supply chain and commercial engagement. I would also like to share with you our cash balance in the bank as of December 31, 2025. This is shown on Slide 33. Total funds available $100 million plus. As we have communicated before, we estimate it will cost us $70 million to achieve our first of a kind. As we have secured our supply chain, we've been able to confirm that our estimates are aligned with or lower than the $70 million baseline. And of course, as mentioned, NRC is working on simplifying the regulatory process. The potential savings from these actions have not been factored into our $70 million estimate. So in conclusion, we are well positioned from a cash perspective to be fully covered up to commercialization of the SOLO reactor. Alessandro, I'll turn it over to you. Alessandro Petruzzi: Thank you, Kathy. Now to close, moving to Slide 35, we want to step back for a moment. Innovation was built around a simple idea that the future of energy would require fundamental different approach, one that is distributed, scalable and aligned with the pace of modern infrastructure. Over the past several years, we moved from that idea to a completed design, a secure supply chain and advancing regulatory pathway and an expanding commercial pipeline. As we enter 2026, the focus shift from building the foundation to executing at scale. And from an investor perspective, the transition from the development to deployment is where value is created. We believe we are positioned at the front end of that shift. And lastly, on Slide 36, we encourage investors to follow our progress through our public U.S. NRC engagements, where we hold monthly meeting with the U.S. NRC. Even yesterday and today, we are having a meeting with U.S. NRC, our second last meeting held to submit application before entering the construction permit phase. You can access this meeting directly through our profile on the U.S. NRC website or by signing up to our mailing list. Additionally, we keep our stakeholders informed via our investor website and social channels. This channel will provide update on regulatory milestones, commercialization progress and key partnership as we advance towards [indiscernible] deployment. So I say that I really wish to thank you for listening. And operator, we are now ready to open the line for questions. Operator: [Operator Instructions] Our first question comes from the line of Sameer Joshi with H.C. Wainwright. Sameer Joshi: Alessandro, thanks for having this call and for the update. You mentioned in closing remarks about your regulatory progress and how we can track it. Can you give us maybe quantitative or qualitative answer in terms of how many topical reports are still outstanding and to be submitted any other -- any white papers in the final stages, because I think the mid-June deadline or sort of deadline you can say is coming up. Just wanted to understand how that works? Alessandro Petruzzi: Yes. Topical reports and white paper are tools that are used in order to anticipate topic and -- important topics and discussion with U.S. NRC. And those are used during the pre-submittal phase just to take the right time to prepare for the construction permit phase. See that we have submitted so far about 10 topical reports, similar number of white papers. You can find again on the website of U.S. NRC. We are today doing the second last meeting. The last meeting will be early May, where we had an additional one topical report and a couple of white papers. And then in June -- June, July, end of June, we will start with the construction permit phase. The work that we have done so far through the use of topical report and white paper will allow us to refer those topical reports and white paper while producing the construction permit. And construction permit will be released in the period between June, July and September. Sameer Joshi: Understood. And then just switching topics quickly. The Mersen announcement was earlier this week. Can you explain the significance of this graphite prototype and how it progresses your development? Alessandro Petruzzi: That's very critical achievement because we have a lot of graphite in our reactor is one of the main components together with [ LEU ] fuel. And the ability of graphite was 2, 3 years ago when we started the project at one of our question concern. This was also cleaned with Mersen. There is enough graphite to sustain even our commercialization phase. But the other concern was not on the ability was on the manufacturability of the graphite adding several graphite in our reactor. Taking into consideration the design of our reactor, we need to do a lot of drillings in this graphite, a lot of holes and the number of holes, the precision of how those holes are publicated is fundamental in order to ensure the physical behavior of our reactors. So these achievements that was done just last week, but actually, we started in October, November last year. So immediately after the -- we become a public company is the fundamental because we know that what we define is achievable, is really achievable also from a manufacturing point of view. So the first piece -- the first 2 pieces actually have been built. The 2 pieces are demonstrated to be inside the expected tolerance limit of the manufacturability and of our design. So now it's question to pass from the 2 pieces. We have produced to the several times that we need for our reactors. But this will be a standardization of the work because also what it was important during the production of these first 2 pieces is to derive the procedure by which to operate the next manufacturing of those blocks of graphite. So now we have the procedure, and we know how to do that for all the blocks inside our reactor. Sameer Joshi: Alessandro, it's good to see the methodical approach of our derisking each and every step of the process. Operator: Our next question comes from the line of George Gianarikas with Canaccord Genuity. George Gianarikas: Appreciate the updates on the commercial traction. I'm wondering if you could talk about any additional traction you may be seeing with hard-to-abate sectors like mining and any competitive updates there? In other words, to the extent you're having conversations with some potential customers in those sectors, what are the alternative approaches that they may be exploring as well? Alessandro Petruzzi: I will start, George, and maybe I will ask Giordano to complement. But mining is definitely one, as we discussed already several times, one of the sector that we look more. And today, in particular, if you come back to our presentation to the slide where we talk about the concept of SOLO nodes, today, even more than yesterday, we know that we are the perfect solution for the mining sector because we can basically scale up, reducing the number of reactors using single or few units of power conversion. So that solution I try to introduce for the first time today is really very important for industry like mining, but in general, for all industry that need a large amount of power and for which we can provide a solution which is higher efficient, less costly and with less also footprint. Giordano, do you have -- can you complement in terms of what we do in terms of mining? Giordano Morichi: Yes, absolutely. I think Alessandro's point is very important, especially when we're discussing 50 SOLO units that can deliver [ 20-megawatt electrics ] with the help of the power conversion units. Some of the conversations that we've been having with across the customers have been going deeper with this type of technical conversations, and we are structuring -- restructuring commitments to proceed to the next phases, we foresee them coming up in the near term. But we're looking at this really as a broad global deployment, right, whether it's in the U.S., whether it's outside of the U.S., thanks also to the nonproliferation and our ability to our technology to deploy it worldwide. But it's definitely an interesting sector. It is definitely something we're very committed to execute on, and we're pushing this as much as the data centers. George Gianarikas: And maybe as a follow-up, here in the past, you've shared a slide talking about [ $19 million ] at a 1,000 units, excuse me, of revenue per reactor in a certain cost profile and margin profile. Now as you continue to work through your supply chain, particularly in light of the recent graphite announcements and especially with some of the shortages in helium that we're reading about, are you still committed to that revenue and margin profile? Have these agreements sort of reinforced that financial profile at [indiscernible]? Alessandro Petruzzi: This is a very nice question that I'd like to take because today, in particular, when we down select from 130 suppliers to 30 suppliers, we have clear -- more clear visibility on the cost of our first of a kind and not only first of the kind, but also for the commercialization phase. When we select those 30 suppliers, we start with a real order. So now we know how much we are going to pay for the first of a kind. But together with that, we did another exercise with all our suppliers with all of these 30 suppliers. We did the exercise to ask them how much that cost can decrease going from the first of a kind to [ NOK ]. So today, better than 1 year ago, we know that our model to build the first of a kind is such that is real. The cost is -- was inside our evaluation. And we have strong confidence that what is also in the plan that was submitted is something that we can follow because this is what basically our discussion with the supplier is confirmed. Operator: Our next question comes from the line of [ Subash Chandra ] with StoneX. Unknown Analyst: So the first question is the site characterization, has that been completed at Rock City? Alessandro Petruzzi: No. What we have done so far is collecting all the information from Rock City in terms of metrology, geography, flooding, seismic, all this data has been collected. We are actively interacting with the owner of the site. We are advancing with the preparation of our environmental plan and this will be submitted in the next few months to [ NRC ] in parallel to the construction permit phase. We identify exactly the point inside the Rock City where the reactor will be located. And we also plan to start interaction with the municipality and the public -- the public people there in the next few weeks, months. But what is the important to your point -- sorry, what is important to your point that I mentioned is that all the data that are needed in order to prepare the environmental impact analysis are available. This is the leading -- the point where that takes more time. The analysis itself is not complicated. You need to do, but it's not complicated. What really requests a lot of time in the identification of the site is the collection of the data that you need for preparing the environmental impact analysis. And this data is available because the Rock Cities and industrial cities in the industrial site. So this means that they have already available those documents, and we received those documents from the owner of the site. Unknown Analyst: Yes. Are there any local permits required? Alessandro Petruzzi: Well, yes, something is needed definitely at the level of local authorization. We are interacting and this will be part of this environmental plan. Unknown Analyst: Okay. Got it. We'll stay tuned. Follow-up is your -- so the commercial strategy is to sell the reactors. And can you sort of clarify it to sell the physical reactors to sell the IP? What are the sort of the revenue streams you're looking for in the final model? Alessandro Petruzzi: So far, our main business model is to sell the reactor. In particular today, we also try to pass the message that there is what we call nuclear retail market. This means a large amount of micro small industry, industry that needed from 1 to 10, 20 megawatts, that may be struggling today with the cost of electricity worldwide. And for each, the SOLO solution might be very beneficial in terms of cost and in terms of reliability of operation. So our business model so far is forced on selling the reactor, but definitely, we have also started to discussion with potential offtakers where we have a different business model where we provide electricity without selling the reactor. This is something that obviously depends on offtakers, depending on the particular nature of the activity of the offtakers itself. Unknown Analyst: Okay. So you're open to sort of a PPA strategy? Alessandro Petruzzi: Definitely, yes. yes. This is not a today business that we are pushing. But definitely, we are engaging in discussion where PPA is considered. Unknown Analyst: And my final one is that do we need any more regulation, so you're going to manufacture the reactor, load the reactor, then transport the reactor in that transport phase, how easy do you think that's going to be? Alessandro Petruzzi: This was exactly the discussion we had yesterday night U.S. NRC. If you go to the website, you can see that one of the topic that was yesterday in the agenda was the manufacturability on site -- in factory and transportation. We are evolving very well from the Italian standpoint, we are in contact with the Italian regulator in order to get all the information on how to transport a fresh reactor vessel -- fresh nuclear reactor vessel where fresh means the fuel has not been used. And from a U.S. point of view, we are interacting with U.S. NRC in order to demonstrate that during the transportation and the rational side, our reactors still continue to be [indiscernible]. So this is to say that there is continuous discussion with U.S. NRC, there is a framework, a legal framework that exist. We are now trying to connect the dots and on those between the Italian regulator, the U.S. regulator, the Department of Transportation, which needs also to be involved. And all those parts have been already impacted, and we are also preparing a white paper on that, but this will have all most of the additional documents that we will submit to U.S. NRC. And this is not even connected with the construction permit itself. It's going more in the direction of the operating license. So we are talking even after September 2026. Operator: Our next question comes from the line of Craig Irwin with ROTH Capital Partners. Craig Irwin: So Alessandro, I was particularly interested in the discussion around the SOLO node, the fact that you haven't got the first of a kind yet. But right now, today, you're announcing basically a 20% lower CapEx or what I would assume is essentially a lower LCOE for 20-megawatt bites. And we get a lot of questions all the time about the long-term cost out profile, the ability to engineer lower costs for nuclear for the next couple of decades. Can you maybe give us a little bit more color on the portfolio of options you have to achieve similar cost out? A lot of people like to make comparisons back to the SOLO industry, where it's been basically 10% a year for the last many, many years. Do you see it as possible for the nuclear industry for Terra to have something similar as production ramps and deployments go global? Alessandro Petruzzi: I'm thinking that we can do better. In that presentation today, we didn't anticipate any reduction in the quantity, any reduction of cost. We were just saying that our $0.07 per kilowatt hour over 5 years is the cost related with the unique SOLO reactor with its own sub-plant. This means the reactor that is coming with the same generator, they have to buy their clear content. This was -- the idea to move to the concept of SOLO node was already part of our design. We just decided to announce today because we are moving quite fast in cooperation with one of the major worldwide buying manufacturing the work. So we had already meetings where we identified the possibility to develop this concept of SOLO node. And in SOLO node, this means we meant that we can have several reactors, nuclear reactors that are coupled with only on power conversion unit. And this is important because, obviously, it's going to decrease the complexity in the number of components, reducing the cost, even though this has not yet been identified and increase the efficiency. So the numbers that we see is there is 16 reactors. This means basically a reduction of 20% in terms of number of reactors. We can get 20 megawatts electric. The other point in the comparison about SOLO staying the other in the second slide that I mentioned today, the capability to do load follow. This is quite unique for the nuclear reactor. This is possible only because we are small, and this is possible because of the granulometry we can achieve with our solution. We can have several units to get 100 basically unique using the concept of SOLO node, maybe you may need 80. If you don't use maybe you need 100 reactors. But depending on that, the cons is that this granulometry give you the possibility to do not follow through the -- a different dispatch of electricity to the customer. So we are not changing the primary side and the reactor itself. The reactor continue to operate 100% power. The fuel stay well quite inside our reactor. But what we dispatch differently is the power. Why this is important? Because in this way, and I can come to point and the comparison with the SOLO, in this regard, our capability to follow the load is connected with the need to couple with SOLO at relatively smaller batteries, batteries that are at the least, we evaluate 10x smaller than what is needed for SOLO application. So the SOLO node concept and the capability to do a variable dispatch coupled with a very small amount of batteries give us a lot of confidence that SOLO can really be positioned for compete against whatever type of source of energy. And again, we mentioned -- we say that our price is such that we have $0.07 per kilowatt hour. And definitely, whenever you put together the SOLO node and this concept of long follow there might be additional savings. Craig Irwin: Understood. That makes a lot of sense. My follow-up question is around NRC's Part 57, right? With the public comment this spring, and the expected formalized rule later on this year, do you see the Part 57 language as potentially having an impact on overall development costs or timeline for development of your system? I know that the safety requirements and engineering requirements are not necessarily going to change, but you use an already existing supply chain where many of these components and features have been qualified already. Is there a possibility that you have maybe an expedited review of different subcomponents and system features? Alessandro Petruzzi: This is a very important question. And Part 57 will be alluded on, I think, 24th of April, so in a few days. What we have already discussed part of it with U.S. NRC, obviously, we don't have access to the full document, but we may know some of the aspects. And what I can say is that it looks like Part 57 was big for SOLO. But actually, I would say that SOLO fits very well with this approach now that the U.S. NRC is taking and considering for macro reactors. I can mention to you 3 topics for which we think we can get the benefit from Part 57 for the commercialization. And this to say also that Part 57 will not affect the first of it kind. For first of it kind, we will continue to follow Part 50. So Part 57 is for the commercialization. And why is it important? Several aspects, but I would list 3. No need for operators so far with Part 50, you need at least 5 operators on site. Multiunit license is very important, in particular from macro reactors that tend to be commercial only if there are more units, obviously. And Part 50 actually you have to do the licensing every time. Part 57 this concept of multiunit licensing. And last, but maybe the most important, Part 57 represent a sort of accelerate of Part 50. In particular, in the case, you licensed the reactor under Part 50, which is identical to the one that you would like to do in Part 57, which is commercial. And this is exactly our case. We are licensing reactor, the first of a kind in Part 50, which is identical to the one that we will do commercial following Part 57. And this will provide based on our understanding with U.S. NRC, a lot of simplification in the process and so a faster time to license the commercial units. Operator: Our next question comes from the line of Ryan Pfingst with B. Riley Securities. Ryan Pfingst: I'll just ask one on the commercial side. Can you discuss potential customer order conversion? Do you think customers will wait for the FOAK to deploy before placing a firm order or could we see those actually come ahead of first deployment? Alessandro Petruzzi: I'll start and then I will leave to Giordano. We are doing our best interacts daily with all possible customers. We had a nice discussion I can mention a couple of weeks ago, for instance, with a company that was present in several European airports also the energy demand is fundamental and is going to increase in the next years. We are doing the simple money. We are doing the same for industry, which are smaller, but they need still a lot of power, if you put all together, like the segments like the [ blast ] industry. So we are doing our best in addition to obviously more -- more today important industry like the data center. We are putting all our efforts to transform close discussion in orders. Obviously, we needed to provide the potential customer, the validation of our technology. And what we think is that -- what we are doing now with the regulators. What we are doing now with the supply chain is something that is very, very important. The supply chain the fact that we build this [indiscernible] on graphite give also a sense of agility of the projects. So it's not a paper work. It's really a project. So what I'm saying is that I'm expecting that in the next few months, when additional outcome in terms of advancing the supply chain will be available, and we can announce. This will give also a lot of confidence to our potential offtakers to transform the interest in real order. Giordano Morichi: What I can add maybe in terms of basis exactly -- I mean what is said is exactly important, and we're taking the approach on commercialization very even if being a methodological way. So when we're considering the offtake agreements, the one that we have, the one that we're exploring, we're getting to the doing really right. We're looking for how do we deploy it the merger of the technologies, how they work. So we're going on hand to discuss the technicalities first and the business operation coming from technicalities. But the most important thing is as we're developing first of a kind, the supply chain is there, we just produced Mersen prototype, the world is realizing a little and steady that as we're doing the licensing and we're executing on the manufacturing, we're shifting to the commercialization, and we're planning to have this order book in the next few months because that will really ramp up the end of the kind. But the conversation has been positive and that they continues, and there's been a lot of back-end work that is not announceable yet, but it's been present, and it takes many hours over weeks to do these technicalities and establish the commercialization strategy for potentially even higher deployments of what we discussed today. Operator: Ladies and gentlemen, that concludes our question-and-answer session. I'll turn the floor back to Mr. Petruzzi for any final comments. Alessandro Petruzzi: Okay. I would like really to thank you, everybody for attending this call. We would like to keep informed all our investments, all our offtakers. So we encourage again you to follow us on our social and in particular to follow the updates that are regularly occurring on the website of U.S. NRC, which I think is the most tangible demonstration of where we are going. So thank you again to stay with us and look forward to meet you soon again. Operator: Thank you. This concludes today's conference. You may disconnect your lines at this time. Thank you for your participation. Before you buy stock in Terra Innovatum Global, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Terra Innovatum Global wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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Establishes Pittsburgh headquarters to support U.S. market expansion and SOLO™ deployment Appoints experienced nuclear industry leaders, John Valentino and Michael Anness, to strengthen sales, strategy and execution Advances U.S. licensing readiness, FOAK planning, and domestic supply chain alignment PITTSBURGH, May 04, 2026 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. (NASDAQ: NKLR) (“Terra” or the “Company”), developer of the SOLO™ Micro-Modular Reactor, today announced the establishment of Terra Innovatum Corp., its U.S. headquarters in Pittsburgh, Pa., marking a significant milestone in the company’s expansion into the United States and its progression toward first-of-a-kind (“FOAK”) deployment of the SOLO™ microreactor. As part of this effort, Terra Innovatum has appointed John Valentino as Head of U.S. Sales and Business Development and Michael Anness as Head of U.S. Strategy & Operations, strengthening the company’s capabilities across commercial development, regulatory execution, and deployment readiness in the U.S. market. The establishment of a U.S. headquarters reflects Terra Innovatum’s strategic focus on the United States as a core market for deployment, enabling closer engagement with regulators, customers, and partners, while supporting alignment with domestic supply chains and infrastructure requirements. The U.S. platform further strengthens Terra Innovatum’s positioning to support federal and state energy initiatives, enabling closer coordination with government stakeholders and alignment with domestic deployment priorities. “Establishing our U.S. headquarters is a critical step in advancing the deployment of the SOLO™ platform in one of the world’s most important energy markets,” said Alessandro Petruzzi, Chief Executive Officer of Terra Innovatum. “With John and Michael, we are strengthening both our commercial and execution capabilities, positioning the company to effectively navigate the U.S. regulatory environment and advance FOAK deployment.” Terra Innovatum’s U.S. organization is designed to align commercial strategy with execution readiness, integrating business development, regulatory engagement, and project delivery into a unified operating approach tailored to the U.S. market and supporting the transition from development to deployment. John Valentino will lead all U.S. sales and business development activities across public and private sector markets, including government engagement and strategic partnerships. He brings more than three decades of experience in the nuclear and energy sectors, with a track record across global business development, commercial strategy, and government relations, including leadership roles at Centrus Energy, X-energy, Westinghouse Electric Company, and Duke Energy. “Terra Innovatum presents a compelling opportunity to bring advanced energy solutions to a market with strong demand for reliable, carbon-free power,” said Mr. Valentino, Head of U.S. Sales and Business Development. “I look forward to building strategic relationships across government and industry to support deployment of the SOLO™ platform in the United States.” Mr. Anness will lead U.S. execution strategy, with responsibility for licensing readiness, FOAK development, and commercialization planning. He brings more than two decades of experience in the clean energy sector, including senior roles at Westinghouse Electric Company, where he supported first-of-a-kind AP1000 reactor deployment, small modular reactor development, and nuclear fuel innovation. His role includes advancing regulatory engagement, supporting pre-application activities, and ensuring alignment between technical development, siting, and deployment strategy. “The U.S. market presents a significant opportunity for SOLO™, but it demands a disciplined approach to licensing and execution,” said Mr. Anness, Head of U.S. Strategy & Operations. “I’m focused on integrating regulatory, technical, and project delivery efforts into a cohesive plan that drives FOAK deployment.” “Our presence in the United States is a critical step as we prepare for U.S. NRC licensing and the planned FOAK deployment of the SOLO™ Microreactor at Rock City, Illinois, while advancing the U.S. as our first core market and growing our supply chain,” said Cesare Frepoli, Chief Operating Officer of Terra Innovatum and Co-Chief Executive Officer of Terra Innovatum Corp. “It allows us to more effectively integrate our technical, regulatory, and commercial efforts within a single operating framework and execute in a disciplined and coordinated manner.” The SOLO™ microreactor is designed to deliver reliable, carbon-free energy with a compact footprint and a flexible deployment model. Terra Innovatum’s expansion into the United States supports deeper engagement with customers, regulators, and industrial partners, advancing the company’s ability to deploy scalable energy solutions in key markets. ABOUT TERRA INNOVATUM & SOLO™ Terra Innovatum's mission is to make nuclear power accessible. We deliver simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere 1 MWe at a time. Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind. It is anticipated that SOLO™ will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO™ enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies. SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment. To learn more, visit: https://investors.terrainnovatum.com/. Follow us on X: https://x.com/TerraInnovatum and LinkedIn: https://www.linkedin.com/company/terra-innovatum-solo/. FORWARD LOOKING STATEMENTS This press release includes “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, opinions and projections prepared by Terra Innovatum’s management. Forward-looking statements generally relate to future events or future financial or operating performance, including pro forma and estimated financial information, and other “forward-looking statements” (as such term is defined in the Private Securities Litigation Reform Act of 1995). The recipient can identify forward-looking statements because they typically contain words such as “outlook,” “believes,” “expects,” “ will,” “projected,” “continue,” “increase,” “may,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negatives or variations of these words or other comparable words and/or similar expressions (but the absence of these words and/or similar expressions does not mean that a statement is not forward-looking). These forward-looking statements specifically include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity and market share, expected timing for regulatory approvals and commercialization and the potential success of Terra Innovatum’s strategy and expectations. Forward-looking statements, opinions and projections are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of Terra Innovatum’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Terra Innovatum’s control. These uncertainties and risks may be known or unknown. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the proposed business combination; risks relating to the uncertainty of the projected financial information with respect to Terra Innovatum; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Terra Innovatum’s ability to manage future growth; Terra Innovatum’s ability to develop new products and services, bring them to market in a timely manner, and make enhancements to its platform; the effects of competition on Terra Innovatum’s future business; and the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries and other risks and uncertainties described under the heading “Risk Factors” in documents Terra Innovatum files from time to time with the Securities and Exchange Commission. If any of these risks materialize or the Terra Innovatum’s assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking statements contained herein. In addition, forward-looking statements reflect Terra Innovatum’s expectations and views as of the date of this presentation. Terra Innovatum anticipates that subsequent events and developments will cause its assessments to change. However, while Terra Innovatum may elect to update these forward-looking statements in the future, each of them specifically disclaims any obligation to do so. Accordingly, you should not place undue reliance on the forward-looking statements, which speak only as of the date they are made. CONTACTS Giordano Morichi Founding Partner, Chief Business Development Officer & Investor Relations Terra Innovatum Global N.V. E: [email protected] W: www.terrainnovatum.com Investor Relations Simon Willcocks Alliance Advisors IR E: [email protected] Media Relations Fatema Bhabrawala Alliance Advisors IR E: [email protected]

Management attributes 2025 progress to a shift from planning to structural execution, specifically by down-selecting from 130 to 30 key suppliers to secure an end-to-end supply chain. The company is creating a new category of 'distributed modular micro-reactors' to serve industrial users who require reliable, always-on energy but cannot access large-scale nuclear. Strategic positioning focuses on an asset-light model, acting as a design and integration firm rather than a manufacturer to minimize capital burden and leverage existing nuclear-qualified capacity. The successful production of a graphite reactor core prototype with Mersen validates the manufacturability of high-tolerance components and establishes repeatable production procedures. Management emphasizes that the 'First-of-a-Kind' (FOAK) design is identical to the 'Next-of-a-Kind' (NOAK) commercial design, eliminating the need for redesign between demonstration and scaling. A new 'SOLO node' configuration was introduced, allowing 16 reactors to pair with a centralized power conversion system to generate 20 megawatts, improving unit economics and reducing footprint. The company is pursuing a parallel licensing strategy, advancing construction permits and operating licenses simultaneously to compress the timeline as it moves through 2026 and into 2027 to deliver its first deployment. Management assumes the FOAK deployment will be fully funded by current cash, with a baseline cost estimate of $70 million that may decrease due to regulatory simplifications. Commercialization in 2028 targets high-growth segments including AI data centers, federal defense sites, and 'hard-to-abate' industrial sectors like mining. The transition to the NRC's Part 57 framework is expected to streamline high-volume deployment by allowing for remote operation and multi-unit licensing. Future revenue models are expected to primarily involve reactor sales, though management is open to Power Purchase Agreement (PPA) structures for specific offtakers. The 10-K filing is delayed due to the complexity of the multi-jurisdictional business combination, though management states this does not impact liquidity or operations. Management explicitly corrected misinformation on data platforms, confirming that no members of the leadership team have sold their shares. The company is utilizing the NRC's pre-application phase to submit topical papers, which will serve as the foundation for the formal construction permit application in June 2025. The use of low-enriched uranium (LEU) fuel is a strategic choice to align with global non-proliferation standards, facilitating international export and domestic defense applications. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. The prototype proved that the complex drilling and high-precision holes required for the reactor's physical behavior are achievable within expected tolerances. The process established the specific manufacturing procedures required to scale from a single prototype to serialized production for commercial units. Part 57 is expected to provide three major benefits for commercialization: elimination of on-site operator requirements, multi-unit licensing, and an accelerated path for designs already approved under Part 50. Management clarified that the FOAK will remain under Part 50, while Part 57 will be the primary vehicle for the 2028 commercial rollout. Management expects the recent tangible progress in supply chain and manufacturing to give offtakers the confidence to convert MOUs into firm orders in the coming months. Current engagement involves deep technical site-level planning, particularly for data centers and industrial 'SOLO nodes' where power constraints are immediate. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

NEW YORK, March 10, 2026 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. ("Terra Innovatum" or the “Company”) (NASDAQ: NKLR), a developer of micro-modular nuclear reactors, announced it will release its audited fiscal year 2025 financial results before the opening of financial markets on Wednesday, April 1, 2026. The Company will conduct a conference call and webcast, hosted by Alessandro Petruzzi, Founding Partner, & Chief Executive Officer; Guillaume Moyen, Chief Financial Officer; and Giordano Morichi, Founding Partner, Chief Business Development Officer & Head of Investor Relations, that day to review its financial results and provide an update on its licensing, business development and corporate activities. A question-and-answer session will follow. A telephonic replay will be available from 12:00 p.m. ET on the day of the call through Wednesday, April 15, 2026 at 11:59 PM ET. To listen to the archived call, dial 1-844-512-2921 or 1-412-317-6671 and enter replay 13759041. The webcast replay will be available on the Investor Relations section of the Company’s website TerraInnovatum.com. ABOUT TERRA INNOVATUM & SOLOTM Terra Innovatum's mission is to make nuclear power accessible. We deliver simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere 1 MWe at a time. Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind. It is anticipated that SOLO™ will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO™ enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies. SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment. To learn more, visit: https://investors.terrainnovatum.com/. Follow us on X: https://x.com/TerraInnovatum and LinkedIn: https://www.linkedin.com/company/terra-innovatum-solo/. CONTACTS Giordano Morichi Founding Partner, Chief Business Development Officer & Investor Relations Terra Innovatum Global N.V. E: [email protected] W: www.terrainnovatum.com Kaitlin Taylor Vice President Investor Relations Alliance Advisors IR E: [email protected]

Generated $131 million from the successful business combination with GSR III Acquisition Corp. and related equity financing on October 9, 2025 Sufficient capital to license, construct, build and operate the first-of-a-kind (“FOAK”) SOLOTM micro-modular reactor by 2027 and strengthen supply chain and accelerate scale-up Third party component and fuel supply chain partners secured in the U.S., Europe, and South America for the production of FOAK SOLO by 2027 First deployment site selected in Illinois, including an MOU for up to 50 commercial SOLO units to be deployed Total commercial commitments of 100 SOLO units under non-binding MOUs, reinforcing growing market demand and early-stage adoption across key global sectors NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. ("Terra Innovatum" or the “Company”) (NASDAQ: NKLR), a developer of micro-modular nuclear reactors, today reported its third quarter fiscal year 2025 financial and operating results. Alessandro Petruzzi, Co-Founder & CEO of Terra Innovatum, said, “Terra Innovatum and the broader nuclear industry are undergoing a critical inflection point where massive clean energy demand and regulatory and geopolitical tailwinds are converging. As the first public microreactor developer to use non-proliferant commercially available LEU and off-the-shelf components, we have an incredible opportunity to capture this moment and become a major player in the new era of nuclear energy production by delivering safe, reliable and low-cost power to the world.” “We have a clear path to deploy our micro-modular solution by 2027 and commercialize by 2028. Our design is complete, our licensing process with the U.S. NRC is well defined, the supply chain is fully in place and we have the funds to get us to FOAK deployment. Our primary focus in the next 12 months is to 1) progress the U.S. NRC process with submittal of the Safety Analysis Report by mid-2026 and Operating License activities expected to commence in early 2026, 2) start the manufacturing activities at third-party supplier factories and 3) build a book of committed orders for our SOLOTM solution. We are confident in our ability to execute on these priorities and are excited for the future.” Corporate Updates Following the quarter end, successfully completed business combination with GSR III Acquisition Corp. and began trading on Nasdaq under the new ticker “NKLR” Accelerated the licensing process with key document filings submitted to the U.S. NRC in July and August; on track for operating license in 2027 and commercial license in 2028 Selected first deployment site for FOAK SOLO at Rock City Admiral Parkway Development in Illinois, including an option to purchase up to 50 commercial SOLO reactors Entered commercial partnerships with Ameresco to jointly pursue public-private opportunities to deploy up to 50 SOLO reactors in the U.S. and global markets, as well as to expand commercial deployment initiatives with Rait 88 and other strategic partners in public and private sectors Entered agreements with nuclear suppliers ATB Riva Calzoni, Paragon Energy Solutions, Conuar, and TechSource for the supply and manufacture of the SOLO reactor and components Launched early industrial production activities with strategic manufacturing partner ATB Riva Calzoni establishing manufacturing processes and factory and shipping logistics for first-of-a-kind SOLO as well as full-scale commercialization Announced best-in-class independent directors: Former Framatome CEO Katherine Williams, Independent Chair Chair of the World Energy Council Michael Howard, Independent Director Former CFO of ChargePoint Rex Jackson, Independent Director Former VP of Regulatory, Quality and Public Affairs at Karios Power, Independent Director Financial Highlights Cash and cash equivalents of $2.15 million as of September 30, 2025 On October 9, 2025, generated $131 million of gross proceeds from the business combination with GSR III Acquisition Corp. and related equity financing Webcast and Conference Call Details Terra Innovatum will host a live webcast and conference call today at 8:30 a.m. Eastern Time to discuss the third quarter 2025 financial results and recent business progress, which can be accessed via the Events section of the Company’s Investor Relations site: https://investors.terrainnovatum.com/news-events/events. A telephonic replay will be available from 12:00 p.m. ET on the day of the call through Monday, December 1, 2025. To listen to the archived call, dial 1-844-512-2921 or 1-412-317-6671 and enter replay PIN 13757021. ABOUT TERRA INNOVATUM & SOLOTM Terra Innovatum's mission is to make nuclear power accessible. We deliver simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere 1 MWe at a time. Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind. It is anticipated that SOLO™ will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO™ enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies. SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment. To learn more, visit: https://investors.terrainnovatum.com/. Follow us on X: https://x.com/TerraInnovatum and LinkedIn: https://www.linkedin.com/company/terra-innovatum-solo/. FORWARD LOOKING STATEMENTS This press release includes “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, opinions and projections prepared by Terra Innovatum’s management. Forward-looking statements generally relate to future events or future financial or operating performance, including pro forma and estimated financial information, and other “forward-looking statements” (as such term is defined in the Private Securities Litigation Reform Act of 1995). For example, projections of future sales, EBITDA, Adjusted EBITDA and other metrics are forward-looking statements. The recipient can identify forward-looking statements because they typically contain words such as “outlook,” “believes,” “expects,” “ will,” “projected,” “continue,” “increase,” “may,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negatives or variations of these words or other comparable words and/or similar expressions (but the absence of these words and/or similar expressions does not mean that a statement is not forward-looking). These forward-looking statements specifically include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity and market share and the potential success of Terra Innovatum’s strategy and expectations. Forward-looking statements, opinions and projections are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of Terra Innovatum’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Terra Innovatum’s control. These uncertainties and risks may be known or unknown. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the proposed business combination; risks relating to the uncertainty of the projected financial information with respect to Terra Innovatum; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Terra Innovatum’s ability to manage future growth; Terra Innovatum’s ability to develop new products and services, bring them to market in a timely manner, and make enhancements to its platform; the effects of competition on Terra Innovatum’s future business; and the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries. If any of these risks materialize or the Terra Innovatum’s assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking statements contained herein. In addition, forward-looking statements reflect Terra Innovatum’s expectations and views as of the date of this presentation. Terra Innovatum anticipates that subsequent events and developments will cause its assessments to change. However, while Terra Innovatum may elect to update these forward-looking statements in the future, each of them specifically disclaims any obligation to do so. Accordingly, you should not place undue reliance on the forward-looking statements, which speak only as of the date they are made. CONTACTS Giordano Morichi Founding Partner, Chief Business Development Officer & Investor Relations Terra Innovatum Global N.V. E: [email protected] W: www.terrainnovatum.com Kaitlin Taylor Vice President Investor Relations Alliance Advisors IR E: [email protected] Fatema Bhabrawala Director Media Relations Alliance Advisors IR E: [email protected]

NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. ("Terra Innovatum" or the “Company”) (NASDAQ: NKLR), a developer of micro-modular nuclear reactors, announced it will release its third quarter fiscal year 2025 financial results before the opening of financial markets on Monday, November 17, 2025. The Company will conduct a conference call and webcast, hosted by Alessandro Petruzzi, Co-Founder & Chief Executive Officer, Guillaume Moyen, Chief Financial Officer, and Giordano Morichi, Chief Business Development Officer & Head of Investor Relations, that day to review its financial results and provide an update on its licensing, business development and corporate activities. A question-and-answer session will follow. A telephonic replay will be available from 12:00 p.m. ET on the day of the call through Monday, December 1, 2025. To listen to the archived call, dial 1-844-512-2921 or 1-412-317-6671 and enter replay PIN 13757021. The webcast replay will be available on the Investor Relations section of the Company’s website TerraInnovatum.com. ABOUT TERRA INNOVATUM & SOLOTM Terra Innovatum's mission is to make nuclear power accessible. We deliver simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere 1 MWe at a time. Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind. It is anticipated that SOLO™ will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO™ enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies. SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment. To learn more, visit: https://investors.terrainnovatum.com/. Follow us on X: https://x.com/TerraInnovatum and LinkedIn: https://www.linkedin.com/company/terra-innovatum-solo/. CONTACTS Giordano Morichi Founding Partner, Chief Business Development Officer & Investor Relations Terra Innovatum Global N.V. E: [email protected] W: www.terrainnovatum.com Kaitlin Taylor Vice President Investor Relations Alliance Advisors IR E: [email protected]