Terra Innovatum Achieves Key NRC Licensing Milestone, Delivers All 18 SOLO™ PSAR Chapters for Readiness Review as it Advances Toward 2027 First Reactor Deployment

Terra Innovatum believes existing capital can cover remaining work through its targeted first reactor deployment in 2027.

Rhea-AI Summary

Terra Innovatum Global (NASDAQ: NKLR) has delivered all 18 SOLO reactor Preliminary Safety Analysis Report chapters to the NRC for readiness review. This follows delivery of 14 chapters announced in October and precedes formal submission of its Construction Permit Application. The review assesses the materials’ completeness and quality.

The company targets its first reactor deployment in 2027 and believes its existing capital can fund all remaining activities through that deployment. Engineering, component procurement and manufacturing preparations are progressing alongside licensing work. Terra Innovatum is also expanding efforts to engage prospective customers.

5 points · 0 major

PositiveiHow this balance works

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointAll 18 safety report chapters delivered for NRC readiness review, following 14 chapters announced in October.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Existing capital is sufficient to fund remaining work through planned first deployment, the company believes.
• Moderate point. Forward-looking: it has not happened yet and may not happen.First reactor deployment remains targeted for 2027.
• Minor pointEngineering, component procurement and manufacturing preparations are advancing alongside licensing activities.
• Minor pointCommercial development efforts are expanding to engage prospective customers.

Negative

• Minor pointConstruction Permit Application formal submission remains ahead; the current step is NRC readiness review.

Key Figures

PSAR chapters delivered: 18 chapters Chapters shared previously: 14 of 18 chapters Targeted first reactor deployment: 2027

PSAR chapters delivered

18 chapters

Provided to the NRC for readiness review

Chapters shared previously

14 of 18 chapters

October announcement

Targeted first reactor deployment

2027

First-of-a-kind deployment target

Historical Context

1 past event · Latest: Oct 22

1 event

1. Oct 22

   PSAR application progress

   24h Move

   -6.3%

   Shared 12 of 18 PSAR chapters and targeted the remaining six by October 30.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

psar, construction permit application, foak, leu

4 terms

psar technical

"all 18 chapters of its Preliminary Safety Analysis Report (“PSAR”)"

Parabolic SAR (often shown as “PSAR”) is a technical analysis indicator that plots dots above or below a security’s price to signal the likely direction of short-term momentum and potential trend reversals. Think of it like a row of buoys that flip position when a boat changes course; traders watch those flips to assess whether a price trend is still intact or may be turning. Investors use it to gauge entry/exit timing and momentum shifts without relying on fundamentals.

construction permit application regulatory

"formal submission of its Construction Permit Application (“CPA”)"

A construction permit application is the formal request a company files with local or regional authorities to get official permission to build, modify, or demolish a physical structure. For investors it matters because approval affects project timing, costs and legal risk—like needing a driver’s license before hitting the road, a permit must be granted before work can proceed, and delays or denials can change expected revenue, asset value and cash flow.

foak technical

"targeted first-of-a-kind (“FOAK”) deployment in 2027"

FOAK stands for "first of a kind" and describes the initial unit or project using a new technology, process, or product that has never been built or operated at scale before. It matters to investors because FOAK items often carry higher costs, slower performance and greater technical or regulatory risk—like buying the prototype car from a new manufacturer—while also offering the potential for lower costs and faster production if follow-on units learn from and improve on the first.

leu technical

"commercially available and non-proliferant fuel LEU"

The leu is the basic unit of money used in Romania and also the name of Moldova’s currency; think of it like the dollar or euro for those countries. For investors, amounts quoted in lei indicate the currency that assets, earnings, or prices are measured in, so exchange-rate moves and local purchasing power directly affect the value of investments when converted to an investor’s home currency.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Delivery of all 18 PSAR chapters for NRC readiness review underscores continued execution across licensing, manufacturing and deployment activities

NEW YORK and PITTSBURGH, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. (NASDAQ: NKLR) (“Terra Innovatum” or the “Company”), developer of the SOLO™ Micro-Modular Reactor, today announced that it has now provided all 18 chapters of its Preliminary Safety Analysis Report (“PSAR”) to the U.S. Nuclear Regulatory Commission (“NRC”) for readiness review.

The milestone follows the Company’s October announcement that 14 of the 18 chapters had been shared with NRC staff and marks another significant step toward formal submission of its Construction Permit Application (“CPA”).

Terra Innovatum continues to advance multiple workstreams, including NRC licensing activities, reactor engineering, component procurement, and manufacturing preparations, supporting its targeted first-of-a-kind (“FOAK”) deployment in 2027. In parallel, the Company is expanding commercial development efforts to engage prospective customers and respond to growing demand for reliable, scalable power.

Importantly, Terra Innovatum believes it already has the capital necessary to fund all remaining activities through its planned FOAK reactor deployment, providing a strong financial foundation for continued execution of its commercialization strategy.

“We continue to execute against the milestones we've established, demonstrating consistent progress toward bringing SOLO™ to market,” said Marco Cherubini, Founder and Chief Technology Officer of Terra Innovatum. “Providing all 18 PSAR chapters to the NRC for readiness review is another important achievement for our team. We are not simply progressing through regulatory milestones. We are building the supply chain, advancing manufacturing readiness and preparing for deployment at the same time. This coordinated approach, together with our fully funded path toward first reactor deployment in 2027, positions Terra Innovatum at the forefront of the microreactor industry’s transition from development to commercialization. We believe SOLO™ will be among the first commercially available next-generation microreactors introduced to the marketplace, addressing the growing demand for reliable, scalable power across AI and data centers, industrial operations, critical infrastructure and healthcare.”

The NRC readiness review is an assessment of the completeness and quality of the Company’s materials ahead of formal CPA submission. Terra Innovatum maintains regular technical interactions with NRC staff and stands ready to address any comments or requests arising during the review process.

“Our engagement with the NRC continues at a constructive and steady pace, supported by regular technical interactions and a focus on a thorough, efficient review process,” said Cesare Frepoli, Ph.D., Co-Founder, Chief Operating Officer, and Director of Licensing and Regulatory Affairs at Terra Innovatum. “Providing all 18 PSAR chapters represents another important step in our licensing journey, and we look forward to continuing our work with NRC staff as we advance toward formal submission of the Construction Permit Application.”

In parallel, the Company continues to advance engineering, quality assurance and licensing activities in support of the CPA and subsequent stages of SOLO™’s development. These efforts are progressing alongside ongoing component procurement, manufacturing preparations and first-of-a-kind deployment planning, reflecting Terra Innovatum’s integrated approach to bringing SOLO™ to market. Together, these activities reinforce the Company’s commitment to translating its technology into commercially deployable nuclear power solutions, with its first SOLO™ reactor targeted for deployment in 2027.

ABOUT TERRA INNOVATUM & SOLO™

Terra Innovatum is advancing innovative, sustainable nuclear energy solutions through the SOLO™ Micro-Modular Reactor. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing and R&D, SOLO™ is designed for efficient today’s world commercial deployment; using readily available commercial components to reduce supply-chain risk and improve cost predictability. Running on the only commercially available and non-proliferant fuel LEU, its flexible platform is designed to support LEU+ and transition to future fuel options, including HALEU.

SOLO™ is designed to provide CO₂-free, behind-the-meter and off-grid consistent power and heat for data centers, remote communities and energy-intensive industries including cement, oil and gas, steel and mining, desalination, water treatment and co-generation, as well as defense installations. Its modular architecture can scale from individual units of 1MWe to deployments of 1 GW or more, while also supporting specialized applications such as medical radioisotope production.

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, Managing Director of Global Business Development and Investor Relations
Terra Innovatum Global N.V.
E: g.morichi@terrainnovatum.com
W: www.terrainnovatum.com

Investor and Media Relations
Simon Willcocks, Alliance Advisors IR
E: investors@terrainnovatum.com

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What licensing milestone has Terra Innovatum reached for its SOLO reactor?

Terra Innovatum has provided all 18 chapters of its Preliminary Safety Analysis Report to the NRC for readiness review. The review assesses completeness and quality ahead of formal submission of the Construction Permit Application; it is not a construction permit approval.

When does Terra Innovatum expect its first SOLO reactor deployment?

Terra Innovatum targets its first SOLO reactor deployment in 2027. The company believes it already has the capital needed to fund all remaining activities through that planned deployment.