Nano Nuclear Energy Inc.

Issued on behalf of Eagle Energy Metals Corp.

Equity-Insider.com News Commentary

VANCOUVER, BC, Feb. 19, 2026 /PRNewswire/ -- U.S. data center electricity demand is projected to grow from 176 terawatt hours to as high as 580 terawatt hours by 2028, with AI-driven consumption outpacing available grid capacity in multiple regions^[1]. Spot uranium prices rose 25% in January 2026, surpassing $100 per pound for the first time in two years (before correcting back down to a still-high $89), as institutional buyers accelerated physical accumulation of the fuel^[2]. These dynamics are converging around Spring Valley Acquisition Corp. II (OTC: SVIIF), Oklo (NYSE: OKLO), Meta Platforms (NASDAQ: META), NANO Nuclear Energy (NASDAQ: NNE), and Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF).

Next-generation nuclear designs, including small modular reactors and factory-built microreactors, are gaining traction as scalable baseload technologies capable of meeting always-on AI power requirements^[3]. Meanwhile, U.S. domestic uranium concentrate production fell 44% in the third quarter of 2025, to roughly 330,000 pounds of U₃O₈ from just six operating facilities according to the U.S. Energy Information Association (EIA)^[4]. With over 95% of utility purchases still sourced from abroad, also according to the EIA^[5], the race to secure domestic supply has turned uranium deposits into strategic national assets.

Eagle Energy Metals (NASDAQ: SVIIF), a next-generation nuclear energy company, recently announced^[6] that the SEC has declared effective the registration statement for its proposed business combination with Spring Valley Acquisition Corp. II (OTC: SVIIF)^[7]. Shareholders will vote on the deal at an Extraordinary General Meeting scheduled for February 23, 2026.

Upon closing, which is subject to the satisfaction or waiver (as applicable) of applicable conditions, the combined company's stock and warrants will trade on Nasdaq under the ticker symbols NUCL and NUCLW, respectively. The transaction is being led by the same SPAC team that brought NuScale Power (NYSE: SMR) public in 2022.

Eagle Energy Metals holds rights to what it describes as the largest open pit-constrained, measured and indicated uranium deposit in the United States. The Aurora deposit sits on the Oregon-Nevada border with 32.75 million pounds of indicated uranium and 4.98 million pounds inferred, based on over 500 drill holes.

Adjacent to Aurora is the Cordex deposit, which offers significant potential to expand the project's overall resource inventory as the company digitizes existing drill data.

The company has also recently engaged BBA USA, a consulting firm with over 45 years of energy sector experience, to design a targeted drilling campaign at Aurora in support of a Pre-Feasibility Study^[8].

"We're seeing sustained demand for nuclear power translate into real demand for uranium, particularly for projects located in the U.S.," said Mark Mukhija, CEO of Eagle Energy Metals. "Advancing Aurora with BBA is about making sure this asset is ready to meet that demand as the market continues to tighten."

In 2023, U.S. utilities purchased more than 50 million pounds of uranium according to the EIA^[9]. Less than 5% came from limited domestic production, with over 95% sourced from abroad, including significant amounts from Russia and Kazakhstan.

President Trump recently signed four executive orders aimed at removing regulatory barriers and quadrupling U.S. nuclear power over the next 25 years, while invoking the Defense Production Act to secure domestic uranium supply^[10].

Beyond uranium, Eagle Energy Metals also holds rights to Small Modular Reactor (SMR) technology^[11]. By integrating advanced SMR technology with a sizeable uranium asset, the company is building an integrated nuclear platform positioned to help restore American leadership in the global nuclear industry.

In other industry developments:

Oklo (NYSE: OKLO) and Meta Platforms (NASDAQ: META) have announced an agreement to develop a 1.2 GW nuclear power campus in Pike County, Ohio^[12]. The facility will supply clean energy for Meta's regional data centers, including its AI supercluster in New Albany, with Meta prepaying for power and funding project advancement on 206 acres formerly owned by the U.S. Department of Energy.

"Two years ago, Oklo shared its vision to build a new generation of advanced reactors in Ohio. Today, that vision is becoming a reality," said Jacob DeWitte, CEO of Oklo. "Meta's funding commitment in support of early procurement and development activity is a major step in moving advanced nuclear forward."

The company reported that pre-construction and site characterization begin in 2026, with the first phase targeted to come online as early as 2030. The facility plans to expand incrementally to the full 1.2 GW target by 2034, creating thousands of construction and long-term operations jobs.

"Our agreement with Oklo enables the development of 1.2 gigawatts of nuclear energy in Southern Ohio, supporting Meta's operations in the region, including our AI supercluster in New Albany," said Urvi Parekh, head of global energy at Meta Platforms. "By investing in baseload nuclear energy, we're helping build a resilient and sustainable future for our communities."

Earlier this year, NANO Nuclear Energy (NASDAQ: NNE) signed a memorandum of understanding with Ameresco to explore deploying its advanced modular microreactor technologies on federal and commercial sites across the United States^[13]. The collaboration covers siting, development, construction, licensing, and operation of NANO Nuclear's KRONOS MMR, ZEUS, and LOKI MMR systems.

"This MOU marks another milestone for NANO Nuclear as we continue to build customer demand for our approach to delivering reliable, modular nuclear microreactor energy systems in support of the United States' energy transition," said Jay Yu, Founder and Chairman of NANO Nuclear. "Working alongside Ameresco gives us the opportunity to test our advanced, patented microreactor technologies against real-world requirements at scale."

Ameresco and NANO Nuclear reported that they expect to enter specific agreements under which Ameresco would lead engineering, procurement, and construction for sites using NANO Nuclear's systems. The companies plan to coordinate on government funding and available incentives.

Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) recently gave an update on advancements for its RapidSX rare earth element separation technology and its $22.4 million U.S. Department of War Other Transaction Agreement^[14]. Since December 2023, Ucore has completed approximately 5,700 hours of REE processing with tonnes of heavy mixed rare earth oxides at its Kingston, Ontario facility.

"The nearly two years of CDF demonstration work undertaken by Ucore has been done with deliberate coordination with the Louisiana SMC production roll-out pathway," said Mike Schrider, VP and COO of Ucore. "The result is a technically proven and de-risked commercialization pathway to commence heavy rare earth processing in Louisiana in 2026."

The company has reportedly produced multiple rare earth element groups including TbDy, Tb, and Dy, demonstrating 2 to 4 times faster throughput over conventional solvent extraction. Full commercial-scale work is underway for the installation of RapidSX Machine #1 in mid-2026.

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Additional Information and Where to Find It

In connection with the transactions (the "Proposed Business Combination") contemplated by the related Spring Valley Acquisition Corp. II ("SVII") merger agreement (the "A&R Merger Agreement") with Eagle Energy Metals Corp ("Eagle"), Eagle Nuclear Energy Corp. ("New Eagle") filed with the Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 (File No. 333-290631) (the "Registration Statement"), which was declared effective on January 30, 2026. On February 2, 2026, New Eagle also filed a final prospectus with respect to New Eagle's securities to be issued in connection with the Proposed Business Combination and a final proxy statement that was distributed to holders of SVII's Class A Ordinary Shares in connection with SVII's solicitation of proxies for the vote by SVII's shareholders with respect to the Proposed Business Combination and other matters described in the Registration Statement (collectively, the "Proxy Statement"). This document does not contain all of the information that should be considered concerning the Proposed Business Combination and is not a substitute for the Registration Statement, Proxy Statement or for any other document that SVII, New Eagle or Eagle may file with the SEC. Before making any investment or voting decision, investors and security holders of SVII, New Eagle and Eagle are urged to read the Registration Statement and the Proxy Statement, and any amendments or supplements thereto, as well as all other relevant materials filed or that will be filed with the SEC in connection with the Proposed Business Combination as they become available because they will contain important information about New Eagle, Eagle, SVII and the Proposed Business Combination. Investors and security holders will be able to obtain free copies of the Registration Statement, the Proxy Statement and all other relevant documents filed or that will be filed with the SEC by SVII, New Eagle or Eagle through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by SVII may be obtained free of charge from SVII's website at www.sv-ac.com or by directing a request to Spring Valley Acquisition Corp. II, Attn: Corporate Secretary, 2100 McKinney Avenue, Suite 1675, Dallas, Texas 75201. The information contained on, or that may be accessed through, the websites referenced in this document is not incorporated by reference into, and is not a part of, this document.

Participants in the Solicitation

New Eagle, Eagle, SVII and their respective directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitations of proxies from SVII's shareholders in connection with the Proposed Business Combination. For more information about the names, affiliations and interests of SVII's directors and executive officers, please refer to SVII's Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on April 11, 2025 (the "2024 Form 10-K") and the Registration Statement, Proxy Statement and other relevant materials filed or to be filed with the SEC in connection with the Proposed Business Combination when they become available. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, which may, in some cases, be different than those of SVII's shareholders generally, will be included in the Registration Statement and the Proxy Statement. Shareholders, potential investors and other interested persons should read the Registration Statement and the Proxy Statement, and any amendments or supplements thereto, carefully, before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

This document shall not constitute a "solicitation" as defined in Section 14 of the Exchange Act. This document shall not constitute an offer to sell or exchange, the solicitation of an offer to buy or a recommendation to purchase, any securities, or a solicitation of any vote, consent or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. No offering of securities in the Proposed Business Combination shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom.

Cautionary Note Regarding Forward-Looking Statements

Certain statements included in this document are not historical facts but are forward-looking statements. All statements other than statements of historical facts contained in this document are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "target," "should," "will," "would," "will be," "will continue," "will likely result," "preliminary," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, SVII's, New Eagle's, Eagle's, or their respective management teams' expectations concerning the Proposed Business Combination and expected benefits thereof; the outlook for Eagle's or New Eagle's business; the abilities to execute Eagle's or New Eagle's strategies; projected and estimated financial performance; anticipated industry trends; the future price of minerals; future capital expenditures; success of exploration activities; mining or processing issues; government regulation of mining operations; and environmental risks; as well as any information concerning possible or assumed future results of operations of Eagle or New Eagle. The forward-looking statements are based on the current expectations of the respective management teams of Eagle, New Eagle, and SVII, as applicable, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of SVII's securities; (ii) the risk that the Proposed Business Combination may not be completed by SVII's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SVII; (iii) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the approval of the A&R Merger Agreement by the shareholders of SVII and the receipt of regulatory approvals; (iv) market risks; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the A&R Merger Agreement; (vi) the effect of the announcement or pendency of the Proposed Business Combination on Eagle's business relationships, performance, and business generally; (vii) risks that the Proposed Business Combination disrupts current plans of Eagle and potential difficulties in its employee retention as a result of the Proposed Business Combination; (viii) the outcome of any legal proceedings that may be instituted against Eagle or SVII related to the A&R Merger Agreement or the Proposed Business Combination; (ix) failure to realize the anticipated benefits of the Proposed Business Combination; (x) the inability to meet listing requirements and maintain the listing of the combined company's securities on Nasdaq Capital Market or a comparable exchange; (xi) the risk that the price of the combined company's securities may be volatile due to a variety of factors, including changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro- economic and social environments affecting its business; (xii) fluctuations in spot and forward markets for lithium and uranium and certain other commodities (such as natural gas, fuel oil and electricity); (xiii) restrictions on mining in the jurisdictions in which Eagle operates; (xiv) laws and regulations governing Eagle's operation, exploration and development activities, and changes in such laws and regulations; (xv) Eagle's ability to obtain or renew the licenses and permits necessary for the operation and expansion of its existing operations and for the development, construction and commencement of new operations; (xvi) risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, potential unintended releases of contaminants, industrial accidents, unusual or unexpected geological or structural formations, pressures, cave-ins and flooding); (xvii) inherent risks associated with tailings facilities and heap leach operations, including failure or leakages; the speculative nature of mineral exploration and development; the inability to determine, with certainty, production and cost estimates; inadequate or unreliable infrastructure (such as roads, bridges, power sources and water supplies); (xviii) environmental regulations and legislation; (xix) the effects of climate change, extreme weather events, water scarcity, and seismic events, and the effectiveness of strategies to deal with these issues; (xx) risks relating to Eagle's exploration operations; (xxi) fluctuations in currency markets; (xxii) the volatility of the metals markets, and its potential to impact Eagle's ability to meet its financial obligations; (xxiii) disputes as to the validity of mining or exploration titles or claims or rights, which constitute most of Eagle's property holdings; (xxiv) Eagle's ability to complete and successfully integrate acquisitions; (xxv) increased competition in the mining industry for properties and equipment; (xxvi) limited supply of materials and supply chain disruptions; (xxvii) relations with and claims by indigenous populations; (xxviii) relations with and claims by local communities and non-governmental organizations; and (xxix) the risk that the Series A Preferred Stock Investment may not be completed, or that other capital needed by the combined company may not be raised on favorable terms, or at all. The foregoing list is not exhaustive, and there may be additional risks that neither SVII, Eagle, nor New Eagle presently know or that SVII, Eagle, and New Eagle currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this document and the other risks and uncertainties described in the "Risk Factors" section of the 2024 Form 10-K, the risks described or to be described in the Registration Statement, the Proxy Statement, and any amendments or supplements thereto, and those discussed and identified in filings made with the SEC by SVII, New Eagle or Eagle from time to time. Eagle, New Eagle, and SVII caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this document speak only as of the date of this document. Neither Eagle, SVII, nor New Eagle undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that New Eagle, Eagle or SVII will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up to the consummation of the Proposed Business Combination, in SVII's public filings with the SEC, which are or will be (as appropriate) accessible at www.sec.gov, and which you are advised to review carefully.

SOURCES:

1. https://www.belfercenter.org/research-analysis/ai-data-centers-us-electric-grid 
2. https://carboncredits.com/uranium-prices-2026-supply-crunch-and-rising-demand-fuel-a-nuclear-bull-market/ 
3. https://reason.com/2026/02/03/next-generation-nuclear-power-can-meet-data-center-energy-demand-if-regulations-allow-it/ 
4. https://www.eia.gov/uranium/production/quarterly/pdf/3rdqtr_dupr_2025.pdf 
5. https://www.eia.gov/uranium/marketing/ 
6. https://www.globenewswire.com/news-release/2026/02/02/3230113/0/en/Eagle-Energy-Metals-Corp-and-Spring-Valley-Acquisition-Corp-II-Announce-Effectiveness-of-Registration-Statement-and-Record-and-Meeting-Dates-for-Extraordinary-General-Meeting-of-Sh.html 
7. https://www.globenewswire.com/news-release/2025/07/31/3125008/0/en/Eagle-Energy-Metals-Rightholder-of-the-Largest-Mineable-Measured-and-Indicated-U-S-Uranium-Deposit-to-go-Public-via-Business-Combination-With-Spring-Valley-Acquisition-Corp-II.html 
8. https://www.globenewswire.com/news-release/2026/01/12/3216912/0/en/Eagle-Energy-Metals-Engages-BBA-USA-Inc-to-Help-Advance-Aurora-Toward-Pre-Feasibility.html 
9. https://www.eia.gov/todayinenergy/detail.php?id=62744 
10. https://www.energy.gov/ne/articles/9-key-takeaways-president-trumps-executive-orders-nuclear-energy 
11. https://eagleenergymetals.com/ 
12. https://oklo.com/newsroom/news-details/2026/Oklo-Meta-Announce-Agreement-in-Support-of-1-2-GW-Nuclear-Energy-Development-in-Southern-Ohio/default.aspx 
13. https://nanonuclearenergy.com/nano-nuclear-signs-memorandum-of-understanding-with-ameresco-to-explore-the-deployment-of-advanced-microreactor-technologies-on-federal-and-commercial-sites/ 
14. https://ucore.com/ucore-continues-to-advance-rare-earth-processing-supported-by-u-s-dow-with-final-phase-1-report-submitted-for-rapidsx-project/ 

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Market expansion driven by urbanization, landfill diversion mandates, and long-term contracted revenue models

NEW YORK, Jan. 13, 2026 /PRNewswire/ -- Market News Updates News Commentary - Waste to Energy (WtE), also known as energy from waste, uses thermochemical and biochemical technologies to recover energy from urban waste, producing electricity, steam, and fuels. These new technologies can reduce the original waste volume by 90%, depending on the composition and use of outputs. WtE plants offer two significant benefits: environmentally safe waste management and disposal and clean electric power generation. The growing use of WtE as a method to dispose of solid and liquid wastes and produce electricity has dramatically reduced the environmental impacts of municipal solid waste management, including emissions of greenhouse gases. Emerging energy and waste to energy companies focused on growth opportunities in the market include: BioEnergy Development Inc. (OTCID: CNER), Oklo Inc. (NYSE: OKLO), NANO Nuclear Energy Inc. (NASDAQ: NNE), CleanSpark, Inc. (NASDAQ: CLSK), TeraWulf Inc. (NASDAQ: WULF).

According to a recent report from Fortune Business Insights said that the global waste to energy market size was valued at USD 34.50 billion in 2023 and is projected to grow from USD 35.84 billion in 2024 to USD 50.92 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period. Asia-Pacific dominated the waste to energy market with a market share of 47.24% in 2023. The Waste-to-energy market in the U.S. is projected to grow significantly, reaching an estimated value of USD 3.49 billion by 2032.  The report said: "The COVID-19 pandemic disrupted the global economy by halting the operations of major industries, including recycling waste and energy-generating industries. The global solid waste management system met both opportunities and threats owing to the spread of COVID-19. In response to the increasing pressure of resource consumption and environmental impact, more attention was focused on elevating the sustainability of the waste management system. For instance, the Sustainable Development Goals (SDGs) highlighted increasing the percentage of renewable energy, paying particular attention to MSW management, and reducing waste generation through recycling and re-use. Achieving those global goals relied on a sustainable-developing solid waste industry, such as the Waste-to-energy (WtE), Waste to Material (WTM), and other waste disposal industries."

For investment positioning, waste-to-energy appeals as both an infrastructure and sustainability play. The sector benefits from long-term contracted revenues in power generation, tipping/processing fees, and often government incentives tied to landfill diversion targets. Urbanization trends and circular economy initiatives—especially in Asia-Pacific and parts of Europe—are accelerating capacity additions and integration of more efficient systems. With growing private and public capital flows into renewable and waste conversion projects, investors prioritizing climate-aligned, essential service assets may find WtE facilities offer compelling risk-adjusted returns as part of diversified energy and environmental portfolios.

BioEnergy Development Inc. (OTC:CNER) Launches "BioGrid™": Restoring Energy Independence to 5.5 Million Rural Residents - New distributed infrastructure platform targets 800+ forest-dependent communities, unlocking 12.3 TWh of energy from local waste. Units are in production and shipping now - BioEnergy Development Inc. ("the Company") (formally known as China New Energy Group Co.), a developer of distributed waste-to-energy infrastructure, today announced the commercial launch of BioGrid™. This turnkey energy platform allows rural communities to bypass grid bottlenecks and generate their own baseload power using the wood waste already sitting in their backyards.

"Rural North America is currently last in line for power, yet first in line for inflation," said Gary Bartholomew, Chairman and CEO of BioEnergy Development Inc. "We are not selling a concept; we are shipping a solution. By converting local liabilities—wood waste—into energy assets, we enable these 5.5 million residents to drive their own destiny. The BioGrid™ stops the leakage of capital out of rural towns and builds resilience from the ground up."

The Market Opportunity: By The Numbers - We have identified a specific, underserved market of forest-dependent communities that are "resource-rich but infrastructure-poor."

• 824 Target Communities identified across North America.
• 5.5 Million Residents living in these energy-insecure zones.
• 12.3 Terawatt-hours (TWh) of potential energy currently treated as waste.
• Status: SHIPPING NOW. Supply chain is active with short lead times.

The Problem: The "Urban Drain" - As Artificial Intelligence (AI) and industrial reshoring consume grid capacity in major metros, rural communities face rising costs and reduced reliability. They are the last to receive infrastructure upgrades, despite supplying the resources that power the economy.

The Solution: BioGrid™ - Rather than waiting years for centralized utility upgrades, BioGrid™ offers an immediate intervention. Powered by the proven BioEnergy Solutions eXRGY™ thermal conversion technology each deployment creates a localized circular economy:

• Baseload Power: Reliable electricity consumed where it is produced.
• Food Security: Waste heat powers year-round commercial greenhouses.
• Carbon Revenue: Production of high-value Biochar for soil regeneration.

bioEnergy Development Inc. develops, owns, and operates BioGrid™ infrastructure that converts secured biomass waste streams using the proven BioEnergy Solutions Inc. eXRGY thermal conversion and pyrolysis system into firm, behind-the-meter renewable power and high-value biocarbon products. The Company partners with industrial resource owners to transform underutilized waste into scalable energy assets across rural and industrial regions of North America and around the Globe.  Continued…  Read this full release and additional news for CNER by visiting:  https://finance.yahoo.com/quote/CNER/

Other recent developments in the waste to energy industries include:

Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, recently announced an agreement with Meta Platforms, Inc. (META) that advances Oklo's plans to develop a 1.2 GW power campus in Pike County, Ohio, to support Meta's data centers in the region. The agreement provides a mechanism for Meta to prepay for power and provide funding to advance project certainty for Oklo's Aurora powerhouse deployment.

Oklo will use the funds to secure nuclear fuel and advance Phase 1 of the project—supporting the development of clean, reliable power in Pike County that can scale up to 1.2 GW. Meta's commitment enables Oklo to pursue development in southern Ohio. Oklo seeks to develop the project on 206 acres of land in Pike County owned by the company and formerly owned by the Department of Energy. The land purchase was facilitated in part by the Southern Ohio Diversification Initiative (SODI), a nonprofit working to reuse the land for regional development.

NANO Nuclear Energy Inc. (NASDAQ: NNE), a leading advanced nuclear micro modular reactor (MMR) and technology company focused on developing clean energy solutions, recently announced that it has signed a Memorandum of Understanding (MOU) with Ameresco, Inc. a publicly listed company on the New York Stock Exchange under the ticker "AMRC", is a leading energy infrastructure solutions provider, to explore the potential integration of NANO Nuclear's suite of advanced modular microreactors with Ameresco's engineering, procurement, and construction (EPC) capabilities, to deploy the KRONOS MMRTM Energy System on federal and commercial sites.

The MOU outlines the proposed collaboration between NANO Nuclear and Ameresco to evaluate potential pathways for the siting, development, construction, licensing, operation, and eventual decommissioning of NANO Nuclear's nuclear modular microreactors in development, including KRONOS MMR™, ZEUS™ and LOKI MMR™.

CleanSpark, Inc. (NASDAQ: CLSK) recently released its unaudited mining and operations update for the month ended December 31, 2025.  "December closed 2025 with continued strong operational performance across our mining operations and Digital Asset Management groups," said Matt Schultz, CleanSpark Chief Executive Officer and Chairman. "We grew production more than 10% year over year despite ongoing network difficulty increases. Our operational strength and active monetization strategies are creating a durable foundation as we advance AI infrastructure plans in Georgia, Texas, and beyond. We are making strong progress with potential tenants and will continue pursuing strategic energy opportunities to support long-term portfolio growth."

Fast-Acting Demand Response for TVAIn Tennessee, CleanSpark briefly curbed its mining power consumption last month by hundreds of megawatts during one of the coldest days of the year as part of long-established flexible consumption capabilities. The Company powered down operations across 11 sites in the state within 10 minutes of the Tennessee Valley Authority's request, enabled by CleanSpark's customized communications system. CleanSpark's software team developed an integration which allows TVA to swiftly coordinate a curtailment of power including the length and volume needed to be returned to the grid in times of emergency or increased demand due to extreme weather events. This ability is called demand response and helps balance supply and demand, prevents blackouts, and reduces the need for additional power plants or infrastructure.

TeraWulf Inc. (NASDAQ: WULF), a leading owner and operator of vertically integrated, low-carbon digital infrastructure, recently announced the successful pricing of project-level financing for their previously disclosed 168 MW high-performance computing (HPC) joint venture at the Abernathy, Texas campus.

The financing supports the development of a next-generation, liquid-cooled AI data center delivering up to 240 MW of gross power capacity (168 MW of critical IT load) under a long-term hosting structure with investment-grade credit support. The financing benefits from long-term credit enhancement provided through Fluidstack's platform by a leading global hyperscale partner, materially strengthening the project's credit profile and supporting efficient capital formation.  Proceeds will be used to fund construction, establish required reserves, and complete delivery of the facility, which remains on track for commissioning in the second half of 2026.

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