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    UCLE   US91733U1060

US NUCLEAR CORP.

(UCLE)
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Oil Companies Under Pressure by Activists, Investing in Fusion Energy: US Nuclear and MIFTI Ready with Fusion System in 36 Months

06/03/2021 | 08:31am EDT

LOS ANGELES, CA, June 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire ‒ US Nuclear’s (OTCQB: UCLE) partner MIFTI expects within 18 months, to be generating over 1,000 trillion neutrons per pulse in a compact 10 MegaAmpere device with the goal of achieving net energy gain for the first time in the history of humankind.  The most important criteria for the successful creation of controlled thermonuclear fusion energy is the generation of thousands of trillions of neutrons; enough to perpetuate a reaction that would achieve breakeven or net-energy-gain, thus generating energy much greater than the energy required to produce the effect.  MIFTI’s Staged Z-pinch (SZP) fusion generator is comparatively simple, cost-effective, scalable, and fueled by a low-cost isotope of hydrogen from seawater.  All experimental testing strongly indicates that MIFTI’s invention is a viable answer for cost-effective carbon-free power production.

MIFTI has already achieved extraordinary success, repeatedly generating over 50 billion neutrons per pulse on a 1 MegaAmpere machine and achieving the required temperature, stability, and confinement time.  Advanced computer simulation codes MACH2 and HYDRA predicted 50 billion neutron generation on MIFTI’s 1 MA machine, and MIFTI achieved those numbers repeatedly. Now, MACH2 and HYDRA predict that MIFTI’s 10 MegaAmpere machine will produce over 1,000 trillion neutrons per pulse, and once demonstrated, the transformation of our power production systems should ensue.  In addition, MIFTI’s SZP thermonuclear fusion technology will have immediate utility for the cost-effective production of radiopharmaceuticals used in nuclear medicine through their MIFTEC division.  

MIFTI has been awarded a $5 million ARPA-E grant, and was recently granted the INFUSE award so that Lawrence Livermore National Lab could use MIFTI’s technology to create a large neutron flux that LLNL requires for development of their neutron detector. This is significant because it is logical that LLNL would have selected the technology that creates the most neutrons and they selected MIFTI. Estimates indicate that one $25 million US Nuclear and MIFTI 20 MegaAmp SZP Fusion Generator should deliver more neutrons than billion-dollar nuclear fission reactors do.  

In recent news, major oil companies, under mounting pressure to protect the climate, have been investing in nuclear fusion technology. Chevron, ENI, and other major oil companies have already invested in companies developing fusion power generation.  Three of the largest oil companies recently faced blows over climate change: a Dutch court told Royal Dutch Shell to reduce its greenhouse gas emissions by a staggering 45% by 2030, 60% of Chevron shareholders voted on a resolution reducing emissions, and ExxonMobil lost two board seats to an activist hedge fund.  

MIFTI is at the forefront of the fusion power generation revolution, and their goal is to achieve net-energy-gain for the first time in history within 18 months.  US Nuclear is an investor, strategic partner, and prime contractor, owning 10% of MIFTEC and exclusive manufacturing and sales rights for the medical isotope generators in North America and Asia, and a smaller percentage of MIFTI.

Safe Harbor Act

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com

CONTACT:

US Nuclear Corp. (OTCQB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman 
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com


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Financials (USD)
Sales 2020 1,75 M - -
Net income 2020 -3,54 M - -
Net Debt 2020 0,60 M - -
P/E ratio 2020 -1,14x
Yield 2020 -
Capitalization 13,9 M 13,9 M -
EV / Sales 2019 3,85x
EV / Sales 2020 3,01x
Nbr of Employees 20
Free-Float 52,1%
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Managers and Directors
Robert I. Goldstein Chairman, President & Chief Executive Officer
Rachel Boulds Chief Financial Officer & Secretary
Richard Landry COO & Director-Investor Relations
Michael G. Hastings Director
Dell Williamson Director
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