Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 32

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 32
---
, and the extent to which operators are able to continue to successfully sue DOE for costs incurred as a result
of its continued failure to provide for permanent disposal.

<div align='center'>11</div>

There are currently
two consolidated interim storage (“CIS”) facilities under development in the United States for the interim storage
of SNF/HLW. One facility has received an NRC license for construction and operation, and the other facility is in the final stages
of its NRC licensing review. It is possible that SNF/HLW generated at an Terra Innovatum reactor could be stored at one of these CIS
facilities; however, it is also possible that these CIS facilities are never built or become operational, or are unable to store such
waste from an Terra Innovatum reactor, in which case, the waste would need to be stored onsite or at another interim SNF storage facility
until another disposal option became available, such as a U.S. government determined permanent national repository or other government
storage facility.

The establishment of
a national repository for the storage and/or permanent disposal of SNF, such as the one previously considered at Yucca Mountain, Nevada,
the timing of such a facility’s opening and the ability of such a facility to accept waste from an Terra Innovatum reactor, and
any related regulatory action, could impact the costs associated with our SOLO customers’ storage and/or disposal of SNF/HLW. Likewise,
the establishment of a CIS for the storage of SNF/HLW, the timing of such a facility’s opening and being able to accept waste from
an Terra Innovatum reactor, and any related regulatory action, could impact our customers’ costs associated with storage of SNF/HLW. These
waste storage issues, and changes to the current waste disposal practices or changes to reactor operators’ ability to recover storage
costs from DOE through litigation, could be material to Terra Innovatum’s operations if potential customers view waste disposal
as problematic, detrimental or a negative factor when considering an investment in an Terra Innovatum reactor.

Unsatisfactory safety performance or security incidents at our facilities — or any nuclear facility around the world — could have a material adverse effect on our business, financial condition and results of operations.

We design and will
manufacture highly sophisticated MMRs that depend on complex technology. We also work cooperatively with our suppliers, subcontractors,
venture partners and other parties. Failures, disruptions or compromises to our or our third parties’ systems