Ultra Safe Nuclear Corp. (“USNC”), founded in 2011, is a leading developer of advanced nuclear fission technologies, specializing in Tri-structural ISOtropic (TRISO) fuel production and its Fully Ceramic Micro-encapsulated (FCM®) fuel form. By encapsulating TRISO particles, FCM fuel operates at temperatures exceeding those of traditional fuels by more than 1,000°C, demonstrating enhanced resistance to neutron irradiation, corrosion, and oxidation, while being effectively repository-ready upon discharge. USNC’s patented Micro Modular Reactor (MMR) acts as a nuclear fission battery that delivers safe, zero-carbon, and cost-effective energy, suitable for co-location with datacenters and industrial processes. With a fully vertically integrated supply chain encompassing uranium processing, coated fuel particle variants, and reactor core block fueling, the company serves a broad global pipeline that includes defense and government agencies, multinational technology firms, and major industrial and energy providers.
Intrepid Investment Bankers was retained as the exclusive investment banker to USNC. Intrepid was able to raise third-party DIP financing to provide the funds to effectuate the Chapter 11 process. In addition, Intrepid ran a robust sale process resulting in a competitive auction that resulted in multiple asset sales and increased total consideration to the estate by approximately 45%.