Terrestrial Energy (IMSR) Registration filing summary

Company overview and business model

• Advanced nuclear technology developer of the Integral Molten Salt Reactor (IMSR) Plant, a proprietary Generation IV design using molten salt as both fuel and coolant.

• Plant design targets electricity generation and direct high-temperature process heat for industrial users seeking alternatives to fossil-fuel combustion.

• First commercial operation is scheduled by the mid-2030s, with fleet operation commencing in the late 2030s.

• Following the October 2025 business combination, operations run through wholly owned TEDI; the transaction was accounted for as a reverse recapitalization.

Financial performance and metrics

• Historical operating cash flows have been negative, with potential for continued negative operating cash flow as future operations develop.

• Consolidated financial statements for FY2025 and FY2024 were audited by UHY LLP, which issued an unqualified opinion.

Use of proceeds and capital allocation

• Net proceeds from future shelf sales generally go to working capital and general corporate purposes, unless a prospectus supplement specifies otherwise.

• No proceeds will be received from the CVR share issuance; registration and issuance expenses are borne by the issuer.