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CoreWeave, Inc. engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, Peter Salanki, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.

CoreWeave Inc. - Ordinary Shares - Class A

CoreWeave Inc

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Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+, and TMTG News. It operates through the Media and Truth.Fi segments. The Media segment includes products and services such as advertisement through the Truth Social platform. The Truth.Fi segment relates to customized exchange-traded funds or exchange-traded products invested in America First principles, and bitcoin and similar cryptocurrencies or crypto-related securities. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

Trump Media & Technology Group Corp.

DJT is under pressure as traders connect the stocks slide to weakening confidence in Trump ahead of the midterms, alongside concerns about Truth Socials limited business scale, losses, and crypto exposure. Discussion is overwhelmingly bearish, though some traders see a possible short-term bounce and point to the pending TAE fusion deal as a potential diversification opportunity.

USA Rare Earth, Inc. is a domestic supplier of rare earth magnets and heavy rare earth elements. It develops a vertically integrated domestic supply chain for rare earth element magnet production, with a facility in Stillwater and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas. The company was founded in May 2019 and is headquartered in Stillwater, OK.

USA Rare Earth Inc. - Ordinary Shares - Class A

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NuScale Power Corp. provides proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. Its products include VOYGR SMR Plants and Energy Exploration (E2) Centers. The company was founded by José N. Reyes in 2007 and is headquartered in Corvallis, OR.

NuScale Power Corporation - Ordinary Shares - Class A

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Salesforce Inc

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General Motors Co. engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts, and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

General Motors Company

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RTX Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems (Collins), Pratt and Whitney, Raytheon Intelligence and Space (RIS), and Raytheon Missiles and Defense (RMD). The Collins segment manufactures and sells aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes the design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The RIS segment is involved in the development of sensors, training, and cyber and software solutions. The RMD segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 1922 and is headquartered in Arlington, VA.

RTX Corp

Raytheon Technologies Corporation

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GE Aerospace

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Why Is General Fusion Stock Soaring On Thursday?

General Fusion shares rise after LM26 heated plasma above 12 million degrees Celsius, reaching more than 1 keV using Magnetized Target Fusion technology.read more...

The Unconventional Route to Fusion Power Just Hit a World First

The Unconventional Route to Fusion Power Just Hit a World First The Unconventional Route to Fusion Power Just Hit a World FirstPR NewswireVANCOUVER, BC, Oct. 8, 2026VANCOUVER, BC, Oct. 8, 2026 /PRNewswire/ --American News Group News Commentary- General Fusion, the first publicly listed fusion...

General Fusion Achieves World-First 1 keV Electron Temperature Milestone on its Path to Commercial Fusion Power

1 keV result announced jointly with the UKAEA and accompanied by meaningful ion heating

  
General Fusion Achieves World-First 1 keV Electron Temperature Milestone on its Path to Commercial Fusion Power

  
    
    1 keV result announced jointly with the UKAEA and accompanied by meaningful ion heating
  


  

    

      
    

    

    

    
General Fusion's 1 keV Plasma Compression

  


VANCOUVER, British Columbia, Oct.  08, 2026 (GLOBE NEWSWIRE) -- General Fusion Group Ltd. (NASDAQ: GFUZ) ("General Fusion" or the "Company") has achieved a world-first compressional plasma heating result with its large-scale Lawson Machine 26 ("LM26") demonstration, a key milestone on its path to commercialize fusion energy. Using Magnetized Target Fusion ("MTF"), the Company has reached electron temperatures exceeding 12 million degrees Celsius, more than 1 keV, measured with both Thomson scattering and absolute extreme ultraviolet ("AXUV") diagnostics, and accompanied by meaningful ion heating. This world-first result for General Fusion's practical approach to fusion marks a major step forward on the Company’s plan to deliver reliable baseload, economical clean power from fusion energy.
  
The gold-standard Thomson scattering result, measured in collaboration with the UK Atomic Energy Authority ("UKAEA"), is detailed in a joint release issued today by the two organizations and a technical paper co-authored by UKAEA that is being concurrently posted on General Fusion's website and submitted for peer review. The Company's AXUV temperature measurement and ion heating results are detailed in a separate technical paper, also available on General Fusion's website and submitted for peer review.
  
The combined results provide further confidence in the Company’s core MTF technology principles and achieve the first of three key technical milestones for LM26. Its next major milestone on its path to commercial power: compressional heating to 10 keV. Planned upgrades to LM26 are now underway for this next milestone.
  
Path to Commercialization
  
As a technology, General Fusion’s MTF aims to achieve fusion in a practical and economical way, avoiding superconducting magnets and high-powered lasers, and using a liquid metal wall which enables the use of existing materials and, ultimately, durable machines. It is designed to solve significant long-standing barriers to commercializing fusion energy at a time when demand for reliable, scalable electricity is surging, and nations around the world are racing to bring fusion power to the grid.
  
General Fusion's LM26 program was designed to reach three key technical milestones on the path to a first-of-a-kind fusion plant in the next decade. Upgrades to the LM26 machine are now underway to support higher plasma compression ratios required to achieve the second milestone of 10 keV. From there, the program will advance toward its third milestone, the Lawson criterion, which is the combination of temperature, density, and energy confinement time required for net fusion energy in the plasma. Additionally, the Company is preparing to start its commercial systems program to advance key systems and components for a commercial plant. This step-by-step approach is designed to de-risk the path to practical fusion power and support the Company's goal to begin operating a first-of-a-kind plant around 2035.
  
Key Technical Highlights
  
Using an industry-recognized, gold-standard Thomson scattering diagnostic, General Fusion measured electron temperatures of approximately 1.1 keV, or 12.6 million degrees Celsius, just prior to peak compression, a result measured with UKAEA and detailed in a paper co-authored by General Fusion and UKAEA.
In addition, the Company's AXUV diagnostic data closely aligned with the Thomson scattering heating trend and measured electron temperatures of approximately 1.2 keV, or 13.7 million degrees Celsius, during peak compression, a deeper point at which Thomson scattering measurement is not available.
During compression, the Company also observed ion heating to approximately 0.46 keV, up to a twofold increase above starting ion temperature. Ion temperature is inferred through both a measurement of neutron yield and plasma density profile and through time-dependent reconstruction of diagnostic data.
Plasma temperature, density, and magnetic field all increased as expected for a stable plasma under compression, providing further confidence in the Company’s core MTF technology principles and its next key technical milestone: compressional heating to 10 keV.
  
A World-First for Practical Fusion Technology
  
Only a few fusion companies have achieved the key milestone of 1 keV, all using other approaches. LM26 is the first fusion machine in the world to achieve 1 keV with practical low-speed compression. The Company’s approach uses MTF to heat magnetically confined plasma through relatively low-speed compression (milliseconds) as compared to other types of plasma compression technologies (microseconds or nanoseconds). This compression is achieved with a metal wall, rather than high-powered lasers or other methods operating in physical extremes. This method and speed of compression is advantageous for the commercialization of fusion power and, ultimately, its economics: it means less required power, less complexity, and less cost. It also means, in General Fusion’s commercial design, a liquid metal wall can protect the machine from neutrons, breed fuel, and efficiently capture heat to create steam and spin a turbine, the technology’s key commercialization advantages. This 1 keV achievement is a key step toward the Company’s ultimate commercial approach.
  
Global Collaboration
  
General Fusion has spent more than two decades developing its fusion technology in Canada, with support from the Government of Canada's Strategic Response Fund and other programs that have been instrumental to the Company's progress. General Fusion has also worked with UKAEA to develop the diagnostic systems behind this result, described further in today's joint news release with UKAEA. General Atomics Energy Group is also advising on the diagnostic system required for the Company's next milestone.
  
Quotes
  
"Reaching more than 1 keV on LM26, alongside confirmed ion heating and corroborating AXUV data, is an important step forward for General Fusion and a meaningful validation of the approach we have spent more than two decades developing. It shows that we are delivering against the technical roadmap we set out for LM26 and gives us greater confidence as we advance toward our next target of 10 keV, the Lawson criterion and practical and economical fusion power at commercial scale. Congratulations to our incredible team, who achieved an industry-defining result on our path to deliver cost-effective, practical fusion energy."
  
— Greg Twinney, Chief Executive Officer, General Fusion
  
"General Fusion's latest achievement underscores Canada's strength as a global leader in clean technology innovation. Advancing fusion energy from the laboratory toward commercial application will unlock significant economic opportunities, drive industrial growth, and support highly skilled jobs. This milestone highlights the value of supporting Canadian champions that are transforming bold ideas into solutions and will ensure Canada can lead and compete in emerging global energy markets."
  
— The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions 
  
About General Fusion
  
General Fusion (NASDAQ: GFUZ) is a fusion technology development company. The Company aims to deliver economical, carbon-free fusion energy through its practical Magnetized Target Fusion (“MTF”) technology, an engineering-driven approach to fusion energy. General Fusion's commercialization program is anchored by LM26, the world's first commercially relevant-scale MTF demonstration machine. The Company is working toward the commercial deployment of fusion power in the mid-2030s. General Fusion is the first publicly listed fusion company and TIME’s No. 1 GreenTech Company of 2026. For more information, visit generalfusion.com or follow General Fusion on LinkedIn, YouTube, and X.
  
Investor Relations Contact
  
Contact General Fusion’s Investor Relations team at: investors@generalfusion.com.
  
If you are based in North America, you may also leave a toll-free voicemail at +1 (833) 717-1519. Callers outside North America can reach us at +1 (236) 253-6968. 
  
Media Relations Contact
  
media@generalfusion.com 
1-866-904-0995
  
Cautionary Note Regarding Forward-Looking Statements
  
This communication includes "forward-looking statements" within the meaning of the U.S. federal securities laws and "forward looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements other than statements of historical facts contained herein 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, statements regarding its ability to commercialize Magnetized Target Fusion (“MTF”) or any other fusion technology on its expected timeline or at all; statements regarding the current and expected results of the LM26 program, the Company’s plan to operate a first-of-a-kind plant around 2035; statements regarding the expected market opportunity for fusion energy, as well as any information concerning possible or assumed future results of operations or financial position of the Company.
  
These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. These forward-looking statements involve a number of risks, uncertainties 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, the risk that the technical results disclosed herein are not accepted or validated by the broader scientific community (including that the peer review process is unsuccessful); the risk that prior results are not successfully repeated on a larger scale; the risk that the scientific and technical assumptions underlying the results described herein prove to be incorrect; the risk that our relationship with the UKAEA and others deteriorates or terminates, the risk that recent technical results do not prove to be as significant to the operation of LM26 as expected; the risk that the anticipated cost of funding the LM26 program across several planned technical milestones through the end of 2028 is greater than anticipated and additional capital needed by the Company may not be raised on favorable terms, or at all, including as a result of the restrictions agreed to in connection with the private placement the Company closed on July 10, 2026; the risk of adverse changes in general economic, financial market and geopolitical conditions, including conditions affecting capital markets and the clean energy sector; the risk that we are unable to develop, demonstrate and commercialize MTF technology on the expected timeline or at all, including any failure to achieve the balance of technical objectives of the LM26 program; the risk that we are unable to begin operating a first-of-a-kind plant around 2035, or at all; the risk that fusion energy does not gain public acceptance, the risk that the scientific and technical assumptions upon which the Company's MTF technology is based do not prove to be correct, risks associated with the Company's status as a development-stage company with a history of losses, no revenue from commercial fusion energy operations and no assurance of achieving profitability; the risk that our competitors develop viable fusion technology sooner than we do, the risk of supply chain disruptions, the risk that key technical material and service inputs may not be available when required on reasonable terms or at all, the risk that we are unable to attract and retain qualified personnel with highly technical expertise, the risk that we are subject to negative publicity, the risk that our assessment of the total addressable market for fusion energy is incorrect, the risk of changes in the laws and regulations governing the Company’s research and development activities and in the regulation of fusion energy generally; the risk of fluctuations in foreign currency exchange rates, particularly fluctuations in the Canadian dollar relative to the U.S. dollar; the risk that the Company is unable to complete and successfully integrate any future acquisitions; the risk of increased competition from other fusion energy companies and from other clean energy, conventional energy and energy storage technologies; the risk of accidents, earthquake, fires, floods and other natural disasters, the risk that our information technology fails, the risk that our operating expenses are materially higher than forecast, the risk that we are unable to remediate material weaknesses in our internal controls or identify additional material weaknesses in the future, the risk that we are unable to adequately protect or enforce our intellectual property rights, the risk of third party claims that we are infringing or violating another person’s intellectual property rights, the risk that our intellectual property applications are not granted, the risk of a cyber event or privacy breach resulting in an interruption in operations or financial loss, the risk that the trading in our securities may be volatile due to limited volume and the release of a substantial number of Subordinate Voting Shares from a lock-up expiring 180 days after the closing date of our business combination in July 2026; the risk of substantial dilution upon a reduction in the exercise or conversion price of the Multiple Voting Shares and PIPE warrants issued in July 2026 in accordance with the terms thereof; the effectiveness of our internal controls and disclosure controls and procedures; risks arising as a result from the limited experience of certain members of our management team in operating a public company; the risk that the period during which we will qualify as an emerging growth company under the JOBS Act is reduced; and the risk of litigation, governmental or regulatory proceedings, investigations or inquiries.
  
The foregoing list is not exhaustive, and there may be additional risks that the Company does not know or currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed herein and in the other filings by the Company with the U.S. Securities and Exchange Commission including those described under the heading “Risk Factors.” If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.
  
These forward-looking statements are based on a number of estimates and assumptions that we believe are reasonable when made including but not limited to: that none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. 
  
In addition, these statements reflect the expectations, plans, and forecasts of the Company's management as of the date of this communication; subsequent events and developments may cause their assessments to change. While the Company may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so, unless required by applicable securities laws. Accordingly, undue reliance should not be placed upon these statements.
  
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this communication, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
  
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8081b2e4-14f2-4ca0-ac40-f64b9864a86f
  
A video accompanying this release is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/419b7847-e15d-4354-855f-7ba6e5575a2c

General Fusion, UKAEA Announce Magnetized Target Fusion Milestone

General Fusion completes the first major technical milestone of its LM26 program with world-first fusion result co-authored by the UKAEA

  
General Fusion, UKAEA Announce Magnetized Target Fusion Milestone

  
    
    General Fusion completes the first major technical milestone of its LM26 program with world-first fusion result co-authored by the UKAEA
  


  

    

      
    

    

    

    
General Fusion's 1 keV Plasma Compression

  


VANCOUVER, British Columbia and OXFORD, England, Oct.  08, 2026 (GLOBE NEWSWIRE) -- General Fusion Group Ltd. (NASDAQ: GFUZ) (“General Fusion” or the “Company”), a leading fusion company, has achieved a historic compressional plasma heating result with its large-scale Lawson Machine 26 (“LM26”) demonstration. Using Magnetized Target Fusion (“MTF”), the Company reached electron temperatures exceeding 12 million degrees Celsius – more than 1 keV. The results were co-published by the UK Atomic Energy Authority (“UKAEA”), the UK’s national fusion laboratory, and measured using gold-standard Thomson scattering methods.
  
Only a few fusion companies have surpassed the industry-recognized milestone of 1 keV, all using other fusion approaches. This world-first result for General Fusion’s MTF approach marks a measurable step forward for the Company in its aim to deliver baseload, economical clean power from fusion energy.
  
The 1.1 keV electron heating (12.6 million degrees Celsius) result was measured just prior to peak compression and is detailed in a technical paper co-authored by UKAEA that is being concurrently posted on General Fusion’s website and submitted for peer review.
  
Scientific Progress
  
As a technology, General Fusion’s MTF aims to achieve fusion in a practical and economical way, using a liquid metal wall which enables the use of existing materials and, ultimately, durable machines. It also allows the Company’s design to avoid superconducting magnets and high-powered lasers. The approach is designed to solve significant long-standing barriers to commercializing fusion energy at a time when electricity demand is surging, and nations around the world are racing to bring fusion power to the grid.
  
General Fusion’s LM26 program is designed to reach key technical milestones on the path to a first-of-a-kind fusion plant in the next decade. LM26 is the first fusion machine in the world to achieve 1 keV with low-speed compression. Using MTF, the Company heats magnetically confined plasma through compression in milliseconds as compared to other types of plasma compression technologies in microseconds or nanoseconds. In LM26, this compression is achieved with a solid metal wall, rather than high-powered lasers or other methods operating in physical extremes. Achieving 1 keV through practical, low-speed compression is unique to General Fusion and is a key step toward its ultimate commercial approach. 
  
Upcoming LM26 Milestones
  
General Fusion is advancing its LM26 program as part of its phased commercialization plan. Upgrades to the LM26 machine are now underway to support higher plasma compression ratios ahead of the Company’s next targeted 10 keV milestone. The LM26 program will then advance toward the Lawson criterion, the combination of temperature, density, and energy confinement time required for net fusion energy in the plasma. This program is designed to de-risk the path to practical fusion power and support the Company’s goal to begin operating a first-of-a-kind plant around 2035.
  
UKAEA Expertise in Fusion Diagnostics
  
The findings were made possible through UKAEA’s expertise in plasma diagnostics. Drawing on decades of experience operating fusion facilities such as the Joint European Torus (JET) and flagship machine, MAST Upgrade, UKAEA has internationally recognised expertise in plasma diagnostics, the systems used to measure and understand the behaviour of fusion plasmas.
  
Measuring plasma temperature is a complex process. In fusion research, scientists use a laser-based technique called Thomson scattering to do this. They shine a laser through the plasma and analyse how the light scatters from the particles inside it. This lets them accurately measure how hot the plasma is, without disturbing it. This way of measuring plasma dates back to 1969 when UKAEA scientists collaborated with Russian researchers to record fusion temperatures above 10 million degrees Celsius. This breakthrough reshaped fusion research worldwide and established UKAEA as a leader in plasma diagnostics. 
  
Measuring plasma conditions on LM26, and applying Thomson scattering, presented a significant technical challenge. The plasma is enclosed within a metal liner and compressed to a very small volume, severely limiting diagnostic access and visibility. Despite these constraints, diagnostic specialists from UKAEA and General Fusion jointly designed and commissioned a Thomson scattering system that successfully measured the plasma near peak compression conditions. One of the key components of the diagnostic system was a state-of-the-art polychromator designed and built by UKAEA at its newly established Diagnostic Innovation Centre of Excellence (DICE) facility at the Culham Campus in the UK. For General Fusion, the diagnostic provided critical measurements of plasma temperature and performance. This is one example of how UKAEA’s capability is helping to support the development of fusion technologies and delivering advanced diagnostic solutions for fusion programmes around the world.
  
Global Collaboration Advancing the Path to Commercialization
  
General Fusion has spent more than two decades developing its fusion technology in Canada, with support from the Government of Canada’s Strategic Response Fund and other programs that have been instrumental to the Company’s progress. The Company has also advanced its technology with leading fusion research organizations worldwide, including a long-standing collaboration with UKAEA to optimize diagnostic systems. The General Atomics Energy Group is also advising on the diagnostic system required for the Company’s next milestone.
  
Quotes
  
"General Fusion has a two-decade track record of achieving industry-first milestones in Magnetized Target Fusion supported by a substantial body of peer-reviewed scientific literature. We built LM26 to achieve important technical milestones that will help get us to a first-of-a-kind plant in the next decade, and step-by-step we are advancing on this path. Congratulations to our incredible team and thank you to UKAEA for our longstanding collaboration. Together, we’ve achieved an industry-defining result on the path to commercializing cost-effective, practical fusion energy."
  
— Greg Twinney, Chief Executive Officer, General Fusion
  
"Achieving a plasma electron temperature of over 1 keV marks an important milestone for General Fusion since achieving hot electrons is a necessary step for proving fusion confinement concepts. This achievement reflects the tangible progress being made by General Fusion and others across a diverse set of fusion approaches in the private sector, while the collaboration with UKAEA, contributing its specialist expertise, highlights the value of robust public-private partnerships in broadly advancing fusion and sharing scientific results. It also continues a great tradition of international scientific collaboration: in 1969, a UK team used the then-new laser-based Thomson scattering technique to verify 1 keV electrons in a Russian tokamak, helping to establish what became the standard magnetic confinement concept. We now look forward to the outcome of the formal peer review process and the publication of the paper in Review of Scientific Instruments.”
  
— Professor Dennis Whyte, Chief Executive Officer, United Kingdom Atomic Energy Authority
  
About General Fusion
  
General Fusion (NASDAQ: GFUZ) is a fusion technology development company. The Company aims to deliver economical, carbon-free fusion energy through its practical Magnetized Target Fusion (“MTF”) technology, an engineering-driven approach to fusion energy. General Fusion's commercialization program is anchored by LM26, the world's first commercially relevant-scale MTF demonstration machine. The Company is working toward the commercial deployment of fusion power in the mid-2030s. General Fusion is the first publicly listed fusion company and TIME’s No. 1 GreenTech Company of 2026. For more information, visit generalfusion.com or follow General Fusion on LinkedIn, YouTube, and X.
  
About the United Kingdom Atomic Energy Authority
  
Who we are
  
The United Kingdom Atomic Energy Authority (UKAEA) is the UK's national fusion energy research organisation. We are an executive non-departmental public body of the Department for Energy Security and Net Zero (DESNZ).
  
The work we do
  
UKAEA’s mission is to lead the delivery of sustainable fusion energy to maximise scientific and UK economic benefit. We do this by being technical experts, partnering with companies and the international research community.
  
At the core of UKAEA’s efforts is the operation of world-leading facilities that build a comprehensive knowledge base for fusion energy. By addressing and solving the challenges across the full lifecycle of fusion, and integrating solutions from various disciplines, we establish technical centres of excellence that serve as the foundation for future fusion power plant programmes.
  
UKAEA collaborates with its partners to develop fusion power plants by providing access to our skills, facilities and expertise. UKAEA owns UKFE Ltd on behalf of the UK government. Through UKFE Ltd, we’re spearheading the STEP Fusion programme to design and build the UK’s first prototype fusion energy power plant in Nottinghamshire.
  
To grow the fusion ecosystem, UKAEA focuses on cultivating skilled talent, growing the fusion industry and creating ‘innovation clusters’. We actively seek opportunities to advance fusion technologies and communicate its vast potential to stakeholders and the public alike to accelerate fusion energy’s future – the energy of tomorrow we need today.
  
Investor Relations Contact
  
Contact General Fusion’s Investor Relations team at: investors@generalfusion.com.
  
If you are based in North America, you may also leave a toll-free voicemail at +1 (833) 717-1519. Callers outside North America can reach us at +1 (236) 253-6968. 
  
Media Relations Contact
  
media@generalfusion.com 
1-866-904-0995
  
Cautionary Note Regarding Forward-Looking Statements
  
This communication includes "forward-looking statements" within the meaning of the U.S. federal securities laws and "forward looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements other than statements of historical facts contained herein 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, statements regarding its ability to commercialize Magnetized Target Fusion (“MTF”) or any other fusion technology on its expected timeline or at all; statements regarding the current and expected results of the LM26 program, the Company’s plan to operate a first-of-a-kind plant around 2035; statements regarding the expected market opportunity for fusion energy, as well as any information concerning possible or assumed future results of operations or financial position of the Company.
  
These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. These forward-looking statements involve a number of risks, uncertainties 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, the risk that the technical results disclosed herein are not accepted or validated by the broader scientific community (including that the peer review process is unsuccessful); the risk that prior results are not successfully repeated on a larger scale; the risk that the scientific and technical assumptions underlying the results described herein prove to be incorrect; the risk that our relationship with UKAEA and others deteriorates or terminates, the risk that recent technical results do not prove to be as significant to the operation of LM26 as expected; the risk that the anticipated cost of funding the LM26 program across several planned technical milestones through the end of 2028 is greater than anticipated and additional capital needed by the Company may not be raised on favorable terms, or at all, including as a result of the restrictions agreed to in connection with the private placement the Company closed on July 10, 2026; the risk of adverse changes in general economic, financial market and geopolitical conditions, including conditions affecting capital markets and the clean energy sector; the risk that we are unable to develop, demonstrate and commercialize MTF technology on the expected timeline or at all, including any failure to achieve the balance of technical objectives of the LM26 program; the risk that we are unable to begin operating a first-of-a-kind plant around 2035, or at all; the risk that fusion energy does not gain public acceptance, the risk that the scientific and technical assumptions upon which the Company's MTF technology is based do not prove to be correct, risks associated with the Company's status as a development-stage company with a history of losses, no revenue from commercial fusion energy operations and no assurance of achieving profitability; the risk that our competitors develop viable fusion technology sooner than we do, the risk of supply chain disruptions, the risk that key technical material and service inputs may not be available when required on reasonable terms or at all, the risk that we are unable to attract and retain qualified personnel with highly technical expertise, the risk that we are subject to negative publicity, the risk that our assessment of the total addressable market for fusion energy is incorrect, the risk of changes in the laws and regulations governing the Company’s research and development activities and in the regulation of fusion energy generally; the risk of fluctuations in foreign currency exchange rates, particularly fluctuations in the Canadian dollar relative to the U.S. dollar; the risk that the Company is unable to complete and successfully integrate any future acquisitions; the risk of increased competition from other fusion energy companies and from other clean energy, conventional energy and energy storage technologies; the risk of accidents, earthquake, fires, floods and other natural disasters, the risk that our information technology fails, the risk that our operating expenses are materially higher than forecast, the risk that we are unable to remediate material weaknesses in our internal controls or identify additional material weaknesses in the future, the risk that we are unable to adequately protect or enforce our intellectual property rights, the risk of third party claims that we are infringing or violating another person’s intellectual property rights, the risk that our intellectual property applications are not granted, the risk of a cyber event or privacy breach resulting in an interruption in operations or financial loss, the risk that the trading in our securities may be volatile due to limited volume and the release of a substantial number of Subordinate Voting Shares from a lock-up expiring 180 days after the closing date of our business combination in July 2026; the risk of substantial dilution upon a reduction in the exercise or conversion price of the Multiple Voting Shares and PIPE warrants issued in July 2026 in accordance with the terms thereof; the effectiveness of our internal controls and disclosure controls and procedures; risks arising as a result from the limited experience of certain members of our management team in operating a public company; the risk that the period during which we will qualify as an emerging growth company under the JOBS Act is reduced; and the risk of litigation, governmental or regulatory proceedings, investigations or inquiries.
  
The foregoing list is not exhaustive, and there may be additional risks that the Company does not know or currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed herein and in the other filings by the Company with the U.S. Securities and Exchange Commission including those described under the heading “Risk Factors.” If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.
  
These forward-looking statements are based on a number of estimates and assumptions that we believe are reasonable when made including but not limited to: that none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. 
  
In addition, these statements reflect the expectations, plans, and forecasts of the Company's management as of the date of this communication; subsequent events and developments may cause their assessments to change. While the Company may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so, unless required by applicable securities laws. Accordingly, undue reliance should not be placed upon these statements.
  
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this communication, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
  
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fde78c54-8ecf-429e-92d3-353bd506d2aa
  
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d3a0263b-e920-47bf-bd1c-b31781ad7b81

General Fusion Provides First Public Company Business Update

Entered the Public Markets with ~US$150 Million in Cash to Advance Fusion Development and Demonstrate Commercially Relevant Magnetized Target Fusion Capabilities
VANCOUVER, British Columbia, Aug.  18, 2026 (GLOBE NEWSWIRE) -- General Fusion Group Ltd. (NASDAQ: GFUZ) (“General Fusion” or the “Company”), a leader in the global race to commercialize fusion energy, will provide a business update today and highlight recent progress across its technology and commercial initiatives. General Fusion became the first publicly listed fusion company following its July 2026 listing on Nasdaq under the ticker symbol “GFUZ.”
  
Operational Highlights
  
Financial Position: Following completion of its business combination with Spring Valley Acquisition Corp. III, General Fusion entered the public markets with approximately US$150 million in cash, inclusive of net transaction proceeds from the private placement and trust capital, to advance its practical fusion energy technology. The Company expects this capital to fund its Lawson Machine 26 (“LM26”) program across several planned technical milestones through the end of 2028.
Technology: General Fusion recently announced significant progress toward its next major technical milestone with the LM26 program. The Company successfully demonstrated plasma heating to approximately 0.72 keV (8.4 million degrees Celsius) using compression of a plasma with a lithium liner, representing important progress toward its near-term objective of achieving 1 keV, followed by 10 keV and ultimately the Lawson criterion, the combination of plasma parameters that can produce net fusion energy in the plasma. 
Commercial: General Fusion announced a milestone-based framework agreement with Renexia S.p.A., a Toto Group company, to collaborate on the potential commercial deployment of the Company’s fusion energy technology in Italy. This agreement represents another step in expanding relationships ahead of future commercialization.
Strategic Partnerships: General Fusion expanded its technology ecosystem through a collaboration with General Atomics Energy Group to advance plasma diagnostics capable of measuring temperatures exceeding 10 keV, equivalent to approximately 100 million degrees Celsius, during the second phase of the LM26 program.

  
“Our listing on Nasdaq marks an important milestone for General Fusion and the broader fusion industry,” said Greg Twinney, Chief Executive Officer of General Fusion. “We believe fusion is approaching an important inflection point. Decades of advances in plasma physics, high-performance computing, advanced manufacturing, and digital controls have converged with rapidly growing global demand for clean, reliable baseload power, creating the conditions for fusion to transition from scientific promise toward commercial reality.”
  
Twinney continued, “General Fusion was built for this moment. Our Magnetized Target Fusion approach is designed to deliver practical, clean, and abundant fusion energy through a simpler machine architecture that leverages existing industrial materials and supply chains while avoiding many of the cost and complexity challenges relied upon by other fusion technologies. Over more than two decades, we have systematically advanced that approach through real-world testing on increasingly sophisticated demonstration systems and published peer-reviewed scientific results. We believe this disciplined, engineering-driven strategy positions us to reduce technical risk while advancing toward the commercialization of practical fusion energy.”
  
Twinney added, “We recently announced meaningful progress toward our next major technical milestone with LM26, expanded our commercial ecosystem through our framework agreement with Renexia, strengthened our technology partnerships via our collaboration with General Atomics, and entered the public markets with approximately US$150 million to fund our LM26 program through several key technical milestones by the end of 2028.”
  
Twinney concluded, “We believe the industry’s next chapter will be defined by disciplined technical and commercial execution. Our priorities are clear: continue achieving measurable technical milestones, expand our commercial partnerships, strengthen our supply chain capabilities, and build the foundation for the deployment of our first-of-a-kind fusion plant by approximately 2035. We look forward to demonstrating our progress to shareholders as we execute against that roadmap.”
  
Looking Ahead
General Fusion remains focused on executing its staged commercialization roadmap. Near-term priorities include:
  
Achieve the 1 keV plasma electron temperature milestone.
Advance toward 10 keV and ultimately the Lawson criterion, supporting the Company’s objective of demonstrating commercially relevant fusion conditions.
Expand commercial, supply chain development, and strategic partnerships across energy, industrial, engineering, and technology ecosystems.
Enable the successful siting of future demonstration and commercial-scale fusion energy systems that support technical success, commercial growth, and long-term scalability.

  
Webcast
A live webcast of the call can be accessed by visiting the Events & Presentations page of General Fusion’s investor relations website. Participants who wish to join by phone and ask questions during the Q&A may register here to receive dial-in details and a unique PIN.
  
A replay of the webcast will be available for 12 months on the Events & Presentations page of General Fusion’s investor relations website.
  
About General Fusion
General Fusion (NASDAQ: GFUZ) is pursuing a practical approach to commercial fusion energy and is headquartered in Vancouver, Canada. The Company was established in 2002 and has been funded by global investors including leading energy venture capital firms, industry leaders, and technology pioneers. Learn more at www.generalfusion.com.
  
Cautionary Note Regarding Forward-Looking Statements
Certain statements included in this news release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this news release 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, statements regarding the significance of prior technical results including plasma heating to approximately 0.72 keV (8.4 million degrees Celsius), the possibility that the Company will achieve its targeted milestones, including 1 keV plasma electron heating; its ability to commercialize Magnetized Target Fusion (“MTF”) or any other fusion technology on its expected timeline or at all; and statements regarding the current and expected results of the LM26 program; as well as any information concerning possible or assumed future results of operations or financial position of the Company.
  
These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of the Company. 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, the risk that the Company is unable to maintain the listing of its securities on Nasdaq; the risk that the price of the Company’s securities may be volatile due to a variety of factors outside of the Company’s control, the risk that the Company never generates revenue, the risk that the Company fails to commercialize MTF on a cost effective basis, on the expected timeline or at all, the risk that the Company fails to achieve the objectives of the LM26 program, the risk that the technical results disclosed herein are not accepted or validated by the scientific community; the risk that prior results are not successfully repeated on a larger scale; the risk that the scientific and technical assumptions underlying the results described herein prove to be incorrect; the risk that recent technical results do not prove to be as significant to the operation of LM26 as expected; the risk that the anticipated cost of funding the LM26 program across several planned technical milestones through the end of 2028 is greater than anticipated and additional capital needed by the Company may not be raised on favorable terms, or at all, including as a result of the restrictions agreed to in connection with the private placement the Company closed on July 10, 2026; the risk that the Company and Renexia are unable to agree on the terms of a definitive agreement, the risk that the Company’s collaboration with the General Atomics Group is terminated, the risk that fusion energy does not gain public acceptance, the risk that the scientific and technical assumptions upon which MTF technology is based do not prove to be correct, the risk that our competitors develop viable fusion technology sooner than we do, the risk of supply chain disruptions, the risk that key technical material and service inputs may not be available when required on reasonable terms or at all, the risk that we are unable to attract and retain qualified personnel with highly technical expertise, the risk that we are subject to negative publicity, the risk that our assessment of the total addressable market for fusion energy is incorrect, the risk of changes in the laws and regulations governing the Company’s research and development activities and in the regulation of fusion energy; the risk of fluctuations in currency markets; the risk that the Company is unable to complete and successfully integrate any future acquisitions; the risk of increased competition in the fusion industry; the risk of accidents, earthquake, fires, floods and other natural disasters, the risk that our information technology fails, the risk that our operating expenses are materially higher than forecast, the risk that we are unable to remediate material weaknesses in our internal controls or identify additional material weaknesses in the future, the risk that we are unable to adequately protect or enforce our intellectual property rights, the risk of third party claims that we are infringing or violating another person’s intellectual property rights, the risk that our intellectual property applications are not granted, the risk of a cyber event or privacy breach resulting in an interruption in operations or financial loss, the risk that government reduces or delays funding of government programs in which we participate, the risk that future sales by existing shareholders could cause our stock price to decline, and the risk that we are unable to establish and maintain effective internal controls to produce accurate and timely public disclosure.
  
These forward-looking statements are based on certain assumptions, including that none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business.
  
The foregoing list is not exhaustive, and there may be additional risks that the Company does not know or currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed herein and in the other filings by the Company with the U.S. Securities and Exchange Commission including those described under the heading “Risk Factors.” The Company does not undertake to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required in accordance with applicable laws.
  
Investor Relations Contact:
You can contact General Fusion’s Investor Relations team by email at: investors@generalfusion.com.
  
If you are based in North America, you may also leave a toll-free voicemail at +1 (833) 717-1519. Callers outside North America can reach us at +1 (236) 253-6968. 
  
Media Relations Contact:
media@generalfusion.com
1-866-904-0995

General Fusion to Host Business Update Conference Call on August 18, 2026

VANCOUVER, British Columbia, Aug.  06, 2026  (GLOBE NEWSWIRE) -- General Fusion Group Ltd. (“General Fusion” or the “Company”) (NASDAQ: GFUZ), a leader in the global race to commercialize fusion energy, today announced it will host a conference call to provide a business update at 4:30 p.m. Eastern Time on Tuesday, August 18, 2026.
  
A live webcast of the call can be accessed by visiting the Events & Presentations page of General Fusion’s investor relations website. Participants who wish to join by phone and ask questions during the Q&A may register here to receive dial-in details and a unique PIN.
  
A replay of the webcast will be available for 12 months on the Events & Presentations page of General Fusion’s investor relations website.
  
About General Fusion 
  
General Fusion (NASDAQ: GFUZ) is pursuing a practical approach to commercial fusion energy and is headquartered in Vancouver, Canada. The Company was established in 2002 and has been funded by global investors including leading energy venture capital firms, industry leaders, and technology pioneers. Learn more at www.generalfusion.com.
  
Cautionary Note Regarding Forward-Looking Statements 
  
Certain statements included in this news release are not historical facts but are forward-looking statements within the meaning of the U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements other than statements of historical fact contained in this news release 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. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, statements regarding the outlook for the business of General Fusion, including its ability to commercialize MTF or any other fusion technology on its expected timeline or at all; and any information concerning the possible or assumed future results of operations or financial position of the Company. 
  
These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon as, a guarantee, assurance, prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of the Company. 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: the risk that the Company is unable to maintain the listing of its securities on Nasdaq; the risk that the price of the Company’s securities may be volatile due to a variety of factors outside of the Company’s control; the risk that the Company never generates revenue; the risk that the Company fails to commercialize MTF on a cost-effective basis, on the expected timeline, or at all; the risk that the Company fails to achieve the objectives of the LM26 program; the risk that additional capital needed by the Company may not be raised on favorable terms, or at all, including as a result of the restrictions agreed to in connection with the private placement the Company closed on July 10, 2026; the risk that fusion energy does not gain public acceptance; the risk that the scientific and technical assumptions upon which MTF technology is based do not prove to be correct; the risk that our competitors develop viable fusion technology sooner than we do; the risk of supply chain disruptions; the risk that key technical material and service inputs may not be available when required, on reasonable terms or at all; the risk that we are unable to attract and retain qualified personnel with highly technical expertise; the risk that we are subject to negative publicity; the risk that our assessment of the total addressable market for fusion energy is incorrect; the risk of changes in the laws and regulations governing the Company’s research and development activities and in the regulation of fusion energy; the risk of fluctuations in currency markets; the risk that the Company is unable to complete and successfully integrate any future acquisitions; the risk of increased competition in the fusion industry; the risk of accidents, earthquakes, fires, floods, and other natural disasters; the risk that our information technology fails; the risk that our operating expenses are materially higher than forecast; the risk that we are unable to remediate material weaknesses in our internal controls or identify additional material weaknesses in the future; the risk that we are unable to adequately protect or enforce our intellectual property rights; the risk of third-party claims that we are infringing or violating another person’s intellectual property rights; the risk that our intellectual property applications are not granted; the risk of a cyber event or privacy breach resulting in an interruption in operations or financial loss; the risk that government reduces or delays funding of government programs in which we participate; the risk that future sales by existing shareholders could cause our stock price to decline; and the risk that we are unable to establish and maintain effective internal controls to produce accurate and timely public disclosure. 
  
These forward-looking statements are based on certain assumptions, including that none of the risks identified above materialize, that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. 
  
The foregoing list is not exhaustive, and there may be additional risks that the Company does not know or currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed herein, and in the other filings by the Company with the U.S. Securities and Exchange Commission, including those described under the heading “Risk Factors.” The Company does not undertake to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required in accordance with applicable laws.
  
Investor Relations Contact:
You can contact General Fusion’s Investor Relations team by email at: investors@generalfusion.com.
  
If you are based in North America, you may also leave a toll-free voicemail at +1 (833) 717-1519. Callers outside North America can reach us at +1 (236) 253-6968. 
  
Media Relations Contact:
media@generalfusion.com
1-866-904-0995

General Fusion to Participate in Canaccord Genuity Growth Conference

Others

VANCOUVER, British Columbia, July  30, 2026  (GLOBE NEWSWIRE) -- General Fusion Group Ltd. (“General Fusion” or the “Company”) (NASDAQ: GFUZ), a leader in the global race to commercialize fusion energy, today announced that members of its leadership team will participate in Canaccord Genuity’s 46th Annual Growth Conference in Boston.
  
Chief Strategy Officer Megan Wilson is scheduled to participate in a fireside chat on August 11 at 12:30 p.m. ET. To register for the webcast, please visit www.event.summitcast.com.
  
A replay of the fireside chat will be available on the Events & Presentations page of General Fusion’s investor relations website.
  
To arrange a one-on-one meeting with General Fusion during the conference, please contact your Canaccord Genuity representative or email investors@generalfusion.com.
  
About General Fusion 
  
General Fusion (NASDAQ: GFUZ), the first publicly listed fusion energy company, is headquartered in Vancouver, Canada, and is pursuing a practical approach to commercial fusion energy. Founded in 2002, the Company has received funding from global investors, including leading energy venture capital firms, industry leaders, and technology pioneers. Learn more at www.generalfusion.com.
  
Cautionary Note Regarding Forward-Looking Statements 
  
Certain statements included in this news release are not historical facts but are forward-looking statements within the meaning of the U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements other than statements of historical fact contained in this news release 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. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, statements regarding the outlook for the business of General Fusion, including its ability to commercialize MTF or any other fusion technology on its expected timeline or at all; and any information concerning the possible or assumed future results of operations or financial position of the Company. 
  
These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon as, a guarantee, assurance, prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of the Company. 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: the risk that the Company is unable to maintain the listing of its securities on Nasdaq; the risk that the price of the Company’s securities may be volatile due to a variety of factors outside of the Company’s control; the risk that the Company never generates revenue; the risk that the Company fails to commercialize MTF on a cost-effective basis, on the expected timeline, or at all; the risk that the Company fails to achieve the objectives of the LM26 program; the risk that additional capital needed by the Company may not be raised on favorable terms, or at all, including as a result of the restrictions agreed to in connection with the private placement the Company closed on July 10, 2026; the risk that fusion energy does not gain public acceptance; the risk that the scientific and technical assumptions upon which MTF technology is based do not prove to be correct; the risk that our competitors develop viable fusion technology sooner than we do; the risk of supply chain disruptions; the risk that key technical material and service inputs may not be available when required, on reasonable terms or at all; the risk that we are unable to attract and retain qualified personnel with highly technical expertise; the risk that we are subject to negative publicity; the risk that our assessment of the total addressable market for fusion energy is incorrect; the risk of changes in the laws and regulations governing the Company’s research and development activities and in the regulation of fusion energy; the risk of fluctuations in currency markets; the risk that the Company is unable to complete and successfully integrate any future acquisitions; the risk of increased competition in the fusion industry; the risk of accidents, earthquakes, fires, floods, and other natural disasters; the risk that our information technology fails; the risk that our operating expenses are materially higher than forecast; the risk that we are unable to remediate material weaknesses in our internal controls or identify additional material weaknesses in the future; the risk that we are unable to adequately protect or enforce our intellectual property rights; the risk of third-party claims that we are infringing or violating another person’s intellectual property rights; the risk that our intellectual property applications are not granted; the risk of a cyber event or privacy breach resulting in an interruption in operations or financial loss; the risk that government reduces or delays funding of government programs in which we participate; the risk that future sales by existing shareholders could cause our stock price to decline; and the risk that we are unable to establish and maintain effective internal controls to produce accurate and timely public disclosure. 
  
These forward-looking statements are based on certain assumptions, including that none of the risks identified above materialize, that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. 
  
The foregoing list is not exhaustive, and there may be additional risks that the Company does not know or currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed herein, and in the other filings by the Company with the U.S. Securities and Exchange Commission, including those described under the heading “Risk Factors.” The Company does not undertake to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required in accordance with applicable laws.
  
Investor Relations Contact:
You can contact General Fusion’s Investor Relations team by email at: investors@generalfusion.com.
  
If you are based in North America, you may also leave a toll-free voicemail at +1 (833) 717-1519. Callers outside North America can reach us at +1 (236) 253-6968. 
  
Media Relations Contact:
media@generalfusion.com
1-866-904-0995

Why Microcap AMFN Stock Soared Nearly 60% For Its Best Day Of The Year

Equity

American Fusion said it received the certification for its Texatron Fusion Engine Models last week and expects research and development testing to begin the week of July 27, subject to scheduling and personnel availability. 

General Fusion to Ring Nasdaq Opening Bell Today, July 17, 2026

This account has been verified as an official GFUZ representative.

Verified Account

General Fusion

General Fusion Group Ltd. engages in the fusion industry, developing practical magnetized target fusion technology that is designed to address the key barriers to commercializing fusion. The company is headquartered in Richmond, Canada.

General Fusion Group Ltd.

Bearish Sentiment

<ul class="summary-bullets"><li>The planned program is expected to include additional testing of the Company’s 500 kW Texatron Fusion Engine and initial testing of its 5 MW Texatron Fusion Engine.</li><li>The certificate from the Texas Department of State Health Services provides the company with the regulatory framework necessary to advance into the next phase of research, testing, and validation.&nbsp;</li><li>Texatron is a compact fusion system that uses proprietary magnetic-confinement technology to generate electricity from plasma.&nbsp;</li></ul>American Fusion Inc. (AMFN) stock jumped nearly 58% on Monday,&nbsp;its best session this year, after&nbsp;the company said it had received the Certificate for Industrial Radiation Machines from the Texas Department of State Health Services (DSHS) for all its registered fusion engine models.&nbsp;The company received the certification for its Texatron Fusion Engine Models on July 17. Meanwhile, research and development testing is expected to begin the week of July 27, subject to scheduling and personnel availability.&nbsp;The planned program is expected to include additional testing of the Company’s 500 kW Texatron Fusion Engine and initial testing of its 5 MW Texatron Fusion Engine, the company said.&nbsp;<h2 class="st-heading-2">What Does This Mean For American Fusion?</h2>The certificate from the Texas Department of State Health Services provides the company with the regulatory framework necessary to advance into the next phase of research, testing, and validation.&nbsp;The company said that the registration covers its Texatron models ranging from 500 kW to 1 GW Fusion Engine classes. However, the company also clarified that this does not mean that Texatron has received an NRC-issued license, a certification of its performance, or an NRC or Texas Tech University endorsement of its technology. Instead, it authorizes American Fusion to possess and operate its registered radiation machines for approved research and development activities under Texas regulations.“This represents one of the most significant operational milestones in our Company’s development,” Brent Nelson, Executive Chairman of American Fusion, said. “We believe this milestone materially advances the company’s development program and moves us closer to obtaining the technical data required for future commercialization.”<h2 class="st-heading-2">What Is Texatron?</h2>American Fusion is developing the Texatron as a compact fusion system that uses proprietary magnetic-confinement technology to generate electricity from plasma.&nbsp;The company plans to use deuterium and helium-3 fuel, a combination often described as aneutronic because it primarily avoids neutron production, though some radiation can still occur.&nbsp;Nuclear energy is gaining traction as electricity demand driven by the AI boom surges. Fusion power has attracted growing attention as a potential long-term answer.Amazon-backed&nbsp;<a href="https://stocktwits.com/symbol/GFUZ">General Fusion Group Ltd. (GFUZ)</a>, which debuted on public markets earlier this month to become the first pure-play nuclear fusion energy company to trade on a major public stock exchange, is developing its own fusion technology via its Lawson Machine 26.&nbsp;CEO Greg Twinney said in an&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/general-fusion-ceo-greg-twinney-says-fusion-s-safety-profile-could-unlock-a-bigger-market-than-fission/cZZ2nSDR7qv">exclusive interview</a> with Stocktwits that the bull case for fusion technology is strong and could even provide a larger market opportunity than fission. “"The overall market size because of the safety profile and the abundance of fuel in fusion is much bigger than fission," he said.<h2 class="st-heading-2">AMFN Stock: Retail Stance</h2>On Stocktwits, retail sentiment around AMFN stock,&nbsp;which trades over the counter (OTC),&nbsp; improved from ‘bullish’ to ‘extremely bullish’ in 24 hours amid ‘high’ message volumes. According to Stocktwits data,&nbsp;its followers&nbsp;grew about 10x to 4,440 in a span of months.One bullish user outlined two scenarios following Texatron testing: “1. It works like they said , will send SP sky rocket beyond imagination! We all are aiming for this outcome.Second could be ,&nbsp; It works but there is scope of improvement,&nbsp; we will catch attention&nbsp; of big whales and institutions and funding will be pouring&nbsp; in like water for further improvements ! And meanwhile&nbsp; we will be OTCQB approved !”They also&nbsp;<a href="https://stocktwits.com/OTC85/message/659566321">said</a> that there was no bear-case scenario, adding that “it's a win win situation!”<a href="https://stocktwits.com/OTC85/message/659566321">https://stocktwits.com/OTC85/message/659566321</a>Another user&nbsp;<a href="https://stocktwits.com/OTC85/message/659565404">said</a>, “testing first fusion engine in texas E.O.M, 100 X&nbsp; potential . .”<a href="https://stocktwits.com/OTC85/message/659565404">https://stocktwits.com/OTC85/message/659565404</a><a href="https://stocktwits.com/symbol/AMFN">AMFN stock</a> has surged 325% so far in 2026.&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com.

An engineer assembling a high-temperature superconducting magnet inside a Nuclear Fusion reactor. General Fusion's listing comes amid surging electricity demand driven by the AI boom. (Representative Image via Getty Images)

American Fusion Inc.

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Current Price	$6.63
Prev Close	$6.67
Open	$6.74
Dividend Yield	0.00%
50-Day Moving Average	$7.76
Beta	0.83
Avg. Volume	120,582.73
PE Ratio	-15.99

52-Week High	$14.85
52-Week Low	$6.08
Market Capitalization	$352.27M
EPS (Annual)	$0.0769
Price to Book	2.05
Revenue Per Employee	$0.00

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