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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  US Nuclear Corp.    UCLE

US NUCLEAR CORP.

(UCLE)
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US Nuclear's Resolution: Replace All Coal Plants with Green Electric Generators

01/06/2020 | 08:31am EST

LOS ANGELES, CA, Jan. 06, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – It’s the start of the new decade and one of US Nuclear’s (OTC: UCLE) big resolutions is to replace the world’s coal-fired power plants with green, electric fusion generators.  

Coal plants can produce more than 100 million tons of coal ash every year, and more than half of that ends up in our lakes, rivers, reservoirs, and landfills, slowly contaminating our water sources and even the very air with toxic chemicals and heavy metals.  When burned, coal releases a number of toxins and pollutants including: mercury, lead, sulfur dioxide, nitrogen oxide, particulates, and other heavy metals. Coal pollution has been linked to premature deaths, asthma, heart and lung ailments, cancer, neurological problems, acid rain, global warming and climate change, and other severe impacts.  In the US, a staggering 65% of carbon emissions are produced by coal plants.  

US Nuclear’s goal is to slowly replace all coal-fired plants with green, electric fusion generators that are fueled by renewable heavy water from the ocean rather than fossil or nuclear fuels.  US Nuclear will manufacturer the electric generators, which are being developed by their strategic partner, who has already achieved historic milestones towards building a commercial fusion generator powerful enough to economically produce electricity for our power grids. The purpose of these electric generators is to produce safe, clean, low-cost energy, and be scalable and compact compared to all other energy production footprints.

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

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© GlobeNewswire 2020
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Financials (USD)
Sales 2019 3,54 M - -
Net income 2019 -3,16 M - -
Net cash 2019 0,10 M - -
P/E ratio 2019 -4,28x
Yield 2019 -
Capitalization 10,6 M 10,6 M -
EV / Sales 2018 2,02x
EV / Sales 2019 3,85x
Nbr of Employees 20
Free-Float 48,4%
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Managers and Directors
NameTitle
Robert I. Goldstein Chairman, President & Chief Executive Officer
Richard Landry COO & Director-Investor Relations
Rachel Boulds Chief Financial Officer & Secretary
Michael G. Hastings Director
Dell Williamson Director
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