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

Rhea-AI Summary

US Nuclear (OTCQB: UCLE) has secured a 5% stake in Solar System Resources Corporation, enhancing its portfolio of high-tech startups. This investment aims to develop a value chain for mining and selling helium-3 and lanthanide metals from space. The collaboration signifies US Nuclear's commitment to innovation, as it also holds stakes in other pioneering companies working on fusion power, medical isotopes, and advanced sensor technologies. The specifics of the transaction remain undisclosed, but it reflects a growing interest in space resource extraction.

Positive

• Secured 5% stake in Solar System Resources, enhancing portfolio.
• Focus on space mining for valuable resources like helium-3.
• Diversified investments in innovative sectors, including fusion power and advanced sensors.

Negative

• None.

Los Angeles, CA, June 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 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

FAQ

What is the significance of US Nuclear's 5% stake in Solar System Resources Corporation?

US Nuclear's 5% stake allows it to participate in the emerging field of space mining, potentially generating revenue from valuable resources such as helium-3.

How does US Nuclear's investment in space mining impact its future?

The investment in Solar System Resources positions US Nuclear to capitalize on new markets in space resource extraction, possibly leading to significant growth.

What other investments does US Nuclear (UCLE) have?

US Nuclear holds stakes in companies focusing on fusion power, medical isotopes, and innovative sensor technologies alongside its investment in Solar System Resources.