Skip to main content

US Nuclear Takes up 5% Stake in Space Mining Pioneer Solar System Resources

 Los Angeles, CA.  June 9, 2021 – On June 4, 2021, US Nuclear (OTCQB: UCLE) signed an agreement to take a 5% stake in Solar System Resources Corporation Sp. z o. o., thus advancing US Nuclear’s portfolio of high-tech startups. US Nuclear and Solar System Resources decided to keep the details of the transaction private.

Solar System Resources is a space mining company that conducts localization, in-situ verification, and mining of space resources. US Nuclear will cooperate with Solar System Resources and other partners to build a value chain starting with mining and selling valuable helium-3, lanthanide metals, and other vital or precious materials from space deposits.

This is just the latest investment of US Nuclear, which can be viewed as a holding company and incubator with stakes in highly innovative and promising companies. US Nuclear owns 100% of its three main operating divisions, including Technical Associates, Overhoff Technology Corporation, and ECC X-ray, and a minority stake in several other partner companies, including:

  • A small stake in MIFTI for the production of cost-effective, carbon-free fusion power to feed the world’s multi-trillion-dollar electric power needs
  • 10% stake in MIFTEC for the production of badly needed, low-cost, domestically available medical isotopes using MIFTI’s fusion technology
  • 40% stake in Grapheton for the production of advanced novel glassy-carbon neural brain-machine sensors and supercapacitors with possible application in IC chip production and electric vehicle drive chain and charging
  • 5% stake in Solar System Resources Corporation for locating and extracting valuable helium-3 in addition to rare, precious, and critical earth metals from planets, moons, and asteroids

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 https://www.usnuclearcorp.com

CONTACT:

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

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Autonomous Airborne Radiation Monitoring system

Complete UAV radiation mapping drone system US Nuclear UAV radiation mapping drone offers an accurate, affordable and versatile low-altitude aerial radiation detection vehicle which is an out of the box solution for anyone that needs to examine an area or patrol a location for radiation levels or contamination. The system gives you real-time location, measurement and mapping of radioactivity with isotope identification. UAV radiation and mapping drone: what do you get 1. Aerial unmanned drone A Small Unmanned Aircraft System (SUAS) with an all up weight less than 7.0 kg. This low total mass, coupled with the in-built redundancy of the aerial system represents a low risk of structural damage to buildings and the environment during its operation. This is in line with UK CAA guidelines. The drone has a number of supporting sensor: positioning fixing (Latitude and Longitude) by multi GNSS (GPS and Glonass), number of satellites and height above mean sea level (AMSL); tem...
Post a Comment
Read more

NGM 202L™ (Gas Monitor)

The NGM 202L monitor continuously measures the volumetric activity of noble gas and tritium in a radioactive effluent gaseous samples. FEATURES: Dynamic gamma radiation compensation Compact and reliable Minimum periodic maintenance DESCRIPTION: The NGM 202L monitor forms part of the RAMSYS™ product line. It has been developed to continuously sample the volumetric activity of noble gas and tritium in a radioactive effluent gaseous sample. This monitor can operate as a stand alone device or in conjunction with a particulate monitor (ABPM 201™ monitor), iodine monitor (IM 201™ monitor) and with a high range noble gas monitor (NGM 203™ monitor) to form a very wide range monitoring system. For More Information: usnuclearcorp.com
Post a Comment
Read more

Determining the Source of Stream Toxins with Continuous Monitoring

Determining Stream Toxins with Water Quality and Level Data When researcher Wesley Gerrin gained access to a sediment toxicity lab in the Experimental Forest on the University of Georgia campus, he wanted to investigate an on-campus lake for any potential contamination issues. After his research was completed, he was fortunate enough to have some extra grant funding for the addition of a few samples from any location on campus, so he chose one of the most exciting sites on the University premises: Tanyard Branch. As Wesley said, “We ran the tests, and everything looked good, except for Tanyard Branch.” Tanyard Branch has been one of the most heavily monitored creeks in the Athens-Clarke County area for the last couple of decades due to contamination - it has a long history of abuse beginning in the 1700s. Native Americans long used the area as hunting and fishing grounds, but it was eventually seized by colonists. The people who then settled into the area opened botanical gard...
Post a Comment
Read more