Standard nuclear weapons of the ghost appeared on Wednesday with $ 42 million in financing to make advanced nuclear fuel.
Except that the standard nuclear is not a completely new company. Instead, it was designed on the assets purchased at a public auction after Ultra Safe Nuclear Corporation (USNC) for $ 28 million. The CEO of the new company, Court Tyrani, served as Vice President at USNC.
The financing round led a decisive point with the participation of Andrien Horwitz, Wotan Capital, Windomo and Washington Harbor Partners.
Standard Nuclear says it has $ 100 million of non -binding fuel sales for 2027, and that she works with customers including Nano Nuclear Energy, which has obtained other USNC assets at the bankruptcy auction, and Radiant Industries, another decisive portfolio. In a statement of Techcrunch, Standard Nuclear acknowledged the purchase of bankruptcy, saying it was “accelerating” the schedule.
USNC was marketing a type of nuclear fuel known as Trico, which is an uranium fuel baelle envelope in layers of carbon and ceramic materials. The particles the size of poppy seeds are more soluble, and can be loaded in larger balls or cylinders.
Treso is an old idea – it has been present since the fifties – although fuel is not widely used today. This may change as many startups, including Google and X-Energy supported by Amazon, are planned to use Triso in its reactions.
Although USNC was founded on a relatively known technology, the company’s path was turbulent.
UsNC was widely funded by one investor, Richard Hilles Helms and his family, who over the years have attended $ 100 million in USNC along with $ 24.7 million loans. For what was actually from one young woman, the company had a sprawling business model, as not only the TRISO nuclear fuel, but also two different designs for the reactor, the nuclear space payment system, and a source of nuclear heating of the spacecraft.
It is not clear as Helms’s interest in the next nuclear generation came. He started his career with the CIA as an Arab in the Middle East. It is clear that his wife was also a spy: “While lying to their children and pretending to be working in the routine office, Richard and Turesa continued their international career,” Obedient He said; He died in May 2024. “Once their son will be confirmed, he will not run and tell everyone, they broke the news to their children by showing the movie” The true lies “.
Helms retired from the CIA in the wake of 11/19[w]He said his obituary, he used his retirement to find two companies connected to national security: Abraxis, which used his retirement to find two companies connected to national security: Abraxis, who used his retirement to find two companies connected to national security: Abraxis, which used his retirement to find two companies connected to national security: Abraxis, which was used His retirement to find two connected companies: Abraxis, which used his retirement to find two companies connected to national security: Abraxis, which used his retirement to find two connected companies: Abraxis: Sold For $ 124 million in 2010, and NTREPID, which is still being held from the private sector.
In 2022, USNC began searching for investors to participate in the A. Court files. But the company was slow to achieve great revenues, and when Helms died, the company’s debts were escalating. Pillars On Redit He suggested that the company was not making salary statements at the time.
USNC announced bankruptcy in October 2024. At that point By the founder of a decisive point Thomas Hendrix, income a Horse giving chase For US Fuel assets for $ 28 million in the same month. The sale was completed in February, including the drug that works today as a base for standard Nuclear.
