American Fusion Inc. reports company developments tied to its Texatron fusion energy platform, including pre-production assembly readiness, component integration, diagnostic and testing support, and related working-capital needs. News also covers corporate actions involving the company's authorized-share structure, common-share base, financing arrangements, governance updates, and operating results.
American Fusion news also includes activity from its Government Procurement Services segment, which is positioned separately from the company's core fusion development activities. That coverage centers on government and institutional procurement work, source-of-supply vendor activity, and the company's broader public-company transition under the AMFN symbol.
American Fusion (OTCQB: AMFN) reported a third-quarter 2026 net loss of $1,436,076 as it advanced Texatron fusion development and testing. Quarterly revenue was zero; nine-month revenue was $58,000 and net loss was $2,800,078. Nine-month financing provided $1,551,000.
At September 30, assets reached $372,313, liabilities fell to $1,473,333 and stockholders’ deficit narrowed 34% from June 30 to $1,101,020. The company exchanged $986,958 of accrued compensation obligations for convertible preferred equity. Cash declined to $70,633 from $79,341.
Late-October net financing of approximately $687,000 funded a testing-property acquisition. The company expects its planned North Texas Ranch Facility acquisition before November 26 and an independent technology review report before November ends. Texas registration permits research only, not technology certification. Brent Nelson became CEO on October 26.
American Fusion (OTCQB: AMFN) announced an independent review of its Texatron fusion platform and an anticipated North Texas Ranch Facility acquisition. The on-site evaluation is scheduled to continue through November 10, 2026. The company anticipates the final report before the end of November, subject to completion of the review, and plans to share information about its findings and availability once finalized. Conclusions remain unknown; the review is not certification of commercial performance or validation of any particular technical claim.
American Fusion expects the Ranch Facility acquisition to close before November 26, 2026, subject to customary closing requirements. The planned campus is intended to support expanded research, engineering, testing and assembly capabilities. Further property and development details are planned after closing.
American Fusion (AMFN) is preparing proposals for at least four additional Texas data center projects using its Texatron fusion technology. The company expects to present them over the coming weeks under a model retaining system ownership while selling electricity through long-term agreements.
An occupancy permit is secured for its new operating facility; move-in is expected on or before November 1, 2026. American Fusion anticipates its proposed North Texas research property acquisition could close by October-end. Auditor engagement remains in final review, and financing proposals are being negotiated. The company plans to resume Texas Tech bunker testing and evaluate additional sites. Texatron remains under development; future testing is necessary to establish technical performance, fusion energy output and commercial viability. Campus groundbreaking requires permits and approvals.
American Fusion (AMFN) upgraded its pulsed-power testing equipment and delivered four commercial proposals for potential deployments of its Texatron fusion system. The proposals remain under discussion; one has undergone four revisions. A letter of intent was also sent, but may overlap with those proposals. Discussions are underway with four of five additional prospective data center developers.
Electrical switching upgrades and higher-capacity capacitor banks are in place for further experiments. The company is discussing neutron-detection equipment and evaluating additional Texas testing sites. Its technical manuscript is undergoing scientific review, with public release planned after formal publication.
The contemplated electricity-supply model depends on technology validation, financing, regulatory requirements and definitive agreements. Financing and potential national-exchange uplisting discussions continue, without an exchange selection or definitive banking engagement.
American Fusion (AMFN) signed agreements to exchange up to $2.88 million of stock-based compensation rights for convertible preferred equity. Effective September 30, 2026, the agreements cover twelve officers, directors, consultants and advisors and provide for up to 288,000 Series C shares, subject to earning and exchange provisions. Neither party pays cash. The amount is maximum contractual compensation, not a stated reduction in recorded liabilities; accounting effects remain under review.
Each preferred share initially converts into one common share. Conversion eligibility depends on vesting and listing or elapsed-time thresholds, followed by quarterly limits. Holders cannot require redemption. JV CPA resigned as auditor effective October 1, 2026, citing health reasons. American Fusion is seeking to engage MBP Global LLP for its 2026 audit and September-quarter review, but acceptance and onboarding remain pending.
American Fusion (AMFN) completed a technical analysis of its proposed Texatron plasma compression and confinement approach for fusion experiments.
The design aims to squeeze and heat plasma with a magnetic pulse while shaped chamber walls help organize its magnetic field. Earlier low-temperature experiments produced plasma that remained separate from the chamber walls for periods on the order of one second. That observation does not establish confinement at fusion temperatures. The analysis uses theoretical assumptions of ion densities on the order of 10¹⁷ per cubic centimeter and pre-ignition temperatures of several kiloelectronvolts; neither is measured Texatron performance. Fusion ignition, net energy gain and direct electricity conversion remain unproven objectives.
American Fusion (AMFN) filed 21 additional U.S. patent applications for its Texatron™ fusion platform, bringing its portfolio to 151 pending U.S. applications.
The company is expanding protection around Texatron’s architectures, materials, geometries, components and operating methods, and emphasizes that applications are subject to USPTO examination with no assurance of issuance or scope. American Fusion continues Texatron testing at a university lab and has identified a site and negotiated principal terms to acquire a dedicated, company-controlled testing facility, though closing remains subject to customary conditions. The company is preparing for a potential uplisting from OTCQB to a national securities exchange, favoring the Texas Stock Exchange while also evaluating NYSE and Nasdaq, and believes it currently meets TXSE criteria other than minimum bid price, which may require a reverse stock split.
American Fusion (AMFN) reported new Texatron™ pulsed magnetic-field experiments that produced toroidal plasmas that were hotter and denser than in its earlier high-current tests, while remaining stable against major magnetohydrodynamic instabilities during each pulse.
The tests used high-voltage capacitor banks to rapidly compress toroidal plasma via intense transient magnetic fields, supporting the company’s shock-heating concept of rapid magnetic compression and organized toroidal structures. An independent observer, Fabrice David, stated he personally witnessed all sessions and confirmed the observed behavior, though this does not constitute third‑party certification or commercial validation. American Fusion plans a next phase focused on quantitative measurements, D–³He fusion‑relevant conditions and evaluation of its direct magnetic‑to‑electric conversion architecture. The company also created a Senior Electrical Engineer role for Travis Yakimishyn to intensify hands‑on engineering on Texatron™.
American Fusion (AMFN) announced the release of an AGORACOM interview with Executive Chairman Brent Nelson on the Texatron™ Fusion Engine™ and its potential role in powering artificial intelligence and data centers.
Nelson outlines a 5 MW preproduction Texatron™, plans with a Texas fabricator for 10 MW and 20 MW systems, and authorization from the State of Texas to test 12 planned system sizes from about 500 kW to 1 GW. The company stresses these are intended ratings, not demonstrated electrical output, and that current testing has not yet achieved unity, usable electricity or commercial operation. Management is targeting unity or beyond by the end of 2026, and, if testing is successful and necessary approvals and financing are obtained, potential deployment of a test unit and possible start of commercial electricity sales in 2027 under power purchase agreements.
American Fusion (AMFN) filed 30 additional U.S. patent applications, bringing its portfolio to 130 pending U.S. filings while advancing plans for a potential national exchange uplisting.
The new applications target aluminum fusion-confinement structures, clamshell and unitary housings, rifled toroidal chambers, conductive center components and rings, helium‑3/deuterium fuel‑injection configurations, and electronic pulse‑control systems for the Texatron™ Fusion Engine™. The company has an objective of filing more than 260 U.S. patent applications by the end of 2026 and estimates that the current total represents roughly half of that goal. All applications remain subject to U.S. Patent and Trademark Office examination, with no assurance of issuance.
American Fusion is evaluating an uplist from OTCQB to a national securities exchange, comparing the Texas Stock Exchange and Nasdaq, and is currently leaning toward TXSE. It is also reviewing multiple, non‑binding financing term sheets intended to support an uplisting and accelerate commercialization, with no definitive agreements yet in place.