Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 103

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 103
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to reactor sales, we intend to offer service packages and periodic maintenance services throughout each unit’s operational lifetime.

Innovation is central to our mission. Our breakthrough ability to reach criticality using LEU fuel should enable regulatory approval compared
to competitors using HALEU, which is not readily available for commercial use and does not have an established supply chain network. The
SOLO reactor incorporates redundant shutdown mechanisms and is encased in a 2.5 meter thick concrete housing (known as the “monolith”)
providing biological shielding; hence, no EPZ beyond the operational boundary is required. This design should allow the deployment of
SOLO in highly populated areas and sensitive locations where conventional nuclear plants and other Small Modular Reactors (“SMRs”)
cannot be deployed, notably due to their larger footprints and associated EPZ.

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The SOLO reactor is designed to deliver a highly
competitive and stable LCOE of 7 cents per kWh over a 45-year period, with potential for further reduction when waste heat is utilized
for industrial or commercial applications, a process known as “cogeneration”. Our regulatory engagement plan was submitted
to the Nuclear Regulatory Commission in early 2025, and we believe we will achieve our First-of-a-Kind (FOAK) reactor by 2028.

Our target customer base spans a number diverse
sectors — including industrial operations, manufacturing facilities, remote locations, healthcare facilities, and data centers,
among many others. SOLO is designed to allow customers to purchase nuclear power generating capacity that can be deployed virtually anywhere
it’s needed, providing point-of-use power and heat without reliance on transmission infrastructure. Focusing on using commercially
proven materials and existing supply chains in the nuclear field, we are positioned to deliver reliable, affordable, and sustainable
energy solutions to customers worldwide through our reactor sales and associated services.

Expected Timeline and Costs for Deployment

The following summarizes our estimated key
dates in our timeline for deployment:

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In order to complete our first reactor, we
estimate our total capital needs will be between $65-75 million from now through 2028. Our anticipated timing for capital needs
is as follows:

Industry Overview

The nuclear energy industry is experiencing
renewed interest as countries worldwide seek reliable, carbon-free energy solutions to address climate change concerns while meeting
growing energy demands. SMRs and microreactors, like our SOLO technology, represent a new