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In Response to Inquiries from London Press, Fermi America™ Confirms Company in Discussions for $4+ Billion in Project Financing for First Tenant

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Fermi America (Nasdaq: FRMI, LSE: FRMI) confirmed on Nov 25, 2025 that it is in discussions for $4+ billion in project financing to support its first tenant. The company said the financing is expected to be non-recourse and structured through a special purpose vehicle (SPV).

The announcement frames the financing as project-level funding under discussion rather than a completed agreement; media contact provided for follow-up.

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Positive

  • In discussions for $4+ billion project financing
  • Financing projected as non-recourse through an SPV
  • Targeted to support the company's first tenant

Negative

  • Financing is currently in discussions and not finalized
  • Non-recourse SPV structure may limit direct impact on FRMI balance sheet

News Market Reaction – FRMI

-2.46%
65 alerts
-2.46% News Effect
+16.2% Peak Tracked
-3.0% Trough Tracked
-$249M Valuation Impact
$9.86B Market Cap
0.8x Rel. Volume

On the day this news was published, FRMI declined 2.46%, reflecting a moderate negative market reaction. Argus tracked a peak move of +16.2% during that session. Argus tracked a trough of -3.0% from its starting point during tracking. Our momentum scanner triggered 65 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $249M from the company's valuation, bringing the market cap to $9.86B at that time.

Data tracked by StockTitan Argus on the day of publication.

AMARILLO, Texas, Nov. 25, 2025 /PRNewswire/ -- In response to inquiries from London press, Fermi America™, (Nasdaq: FRMI) (LSE: FRMI) today confirmed the company is in discussions for $4+ billion in project financing for its first tenant.

The project financing is projected to be non-recourse financing through a special purpose vehicle (SPV).

For media inquiries, please contact: 
Lexi Swearingen 
Media@FermiAmerica.com 

About Fermi America
Fermi America™ (Nasdaq: FRMI) (LSE: FRMI) (https://fermiamerica.com/) is pioneering the development of next-generation private electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry, and Co-founder and former Co-Managing Partner of Quantum Energy, Toby Neugebauer, Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, 11 GW next-gen private grid. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.

Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue" or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks. 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/in-response-to-inquiries-from-london-press-fermi-america-confirms-company-in-discussions-for-4-billion-in-project-financing-for-first-tenant-302625539.html

SOURCE Fermi America

FAQ

What did Fermi America (FRMI) announce on November 25, 2025 about project financing?

Fermi America confirmed it is in discussions for $4+ billion in project financing for its first tenant.

Is the Fermi America (FRMI) $4+ billion financing finalized?

No; the company said the financing is currently in discussions, not a completed agreement.

How will the proposed FRMI financing be structured?

The company said the financing is projected to be non-recourse and routed through a special purpose vehicle (SPV).

What date did Fermi America (FRMI) confirm the financing discussions?

The confirmation was made on November 25, 2025.

Who is the intended beneficiary of the FRMI project financing?

The financing is intended to support Fermi America's first tenant.

How can investors get more information about Fermi America (FRMI) media inquiries?

Media inquiries were directed to Lexi Swearingen at the provided company email.
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