Standard Nuclear (STDN) investor relations material

Company overview and business model

• Operates the only industrial-scale TRISO nuclear fuel manufacturing facilities in the U.S., focused on supplying advanced fuels for next-generation reactors, including SMRs and microreactors.

• Business model is reactor-agnostic, supplying fuel to a broad range of reactor developers and government agencies under long-term supply agreements; customers provide enriched uranium feedstock.

• Modular, scalable manufacturing process enables rapid capacity expansion; current and planned facilities in Tennessee, Idaho, and Washington, with a target of up to 40 MTU annual capacity by 2030.

• Holds a unique position as the only U.S. company with operational, privately funded, industrial-scale TRISO production, with additional capacity coming online in 2026 and 2027.

Financial performance and metrics

• Generated $3.1 million in revenue in 2025, primarily from fuel development contracts and government R&D projects; $593,802 in revenue for Q1 2026.

• Reported net losses of $15.5 million in 2025 and $7.7 million for Q1 2026; accumulated deficit of $79.9 million as of March 31, 2026.

• Cash and cash equivalents were $124.9 million as of March 31, 2026, bolstered by recent preferred stock financings.

• Total contract backlog up to $245 million, with $65 million funded, $157 million in purchase options, and $23 million unfunded; qualified pipeline of $986 million in potential additional orders.

Use of proceeds and capital allocation

• IPO expected to raise approximately $330 million (or $380.2 million if underwriters exercise their option), to be used for working capital, general corporate purposes, and potential acquisitions or investments.

• Proceeds will support facility build-outs, manufacturing expansion, R&D, and potential strategic opportunities.