CanTech Letter: Terrestrial Energy surpasses $20 million financing in advance of UN forum

Oakville, Ontario’s Terrestrial Energy has closed a Series A round of funding, adding US$4 million (C$5.3 million) raised at the end of August to the previously announced C$10 million Series A in January.

Since the company’s inception, it has raised a total of C$22.5 million (US$17.2 million).

“This level of funding commitment is a milestone for advanced fission technology development,” said CEO Simon Irish. “It clearly shows that public and private market investors are moving strongly in support of Advanced Nuclear innovation.”