Standard Nuclear (STDN) investor relations material

Market opportunity and industry context

• Nuclear power supplies about 20% of U.S. electricity, with 94 reactors as the largest source of clean, always-on power.

• U.S. Department of Energy targets tripling nuclear capacity by 2050, from ~100 GW to 300 GW, led by small modular reactors and microreactors.

• TRISO fuel is the preferred choice for most advanced reactor designs, accepted by the NRC as functional containment.

• Policy and procurement shifts have accelerated demand, with fuel contracted years before reactor deployment.

• Data centers and government programs are driving significant new demand for advanced nuclear fuel.

Company positioning and operations

• Only independent, industrial-scale TRISO producer in the U.S., shipping commercial fuel today and serving multiple reactor developers.

• Oak Ridge, TN facility is licensed and operational, with additional sites in Idaho Falls and Richland, WA nearing completion.

• Completed first commercial TRISO delivery in June 2026, with full core delivered to Radiant for DOE demonstration.

• Modular, design-frozen production enables scalable expansion from 0.5 MTU today to up to 40 MTU per year by 2030.

• Holds both DOE and NRC licenses, providing a regulatory head start and multi-year moat over new entrants.

Financial performance and commercial momentum

• Revenue of $4.7MM and gross profit margin of 67% for the quarter ended June 30, 2026.

• Total contract backlog grew to $576.9MM by August 26, 2026, with a qualified pipeline of $696.3MM.

• Customers pay non-refundable deposits years ahead, funding production before delivery.

• No debt as of June 30, 2026, with $102.2MM in cash and cash equivalents.

• Eight customers with signed fuel development agreements and a serviceable addressable market of $3.2BN.