Terrestrial Energy tops up Series A financing to $15.3 mln

Terrestrial Energy Inc, a Canadian advanced nuclear technology provider, has topped up its Series A financing by $5.3 million, bringing the round's total to $15.3 million. The investors were not disclosed. Based in Oakville, Ontario, Terrestial is developing a next-generation nuclear reactor based on its integral molten salt reactor technology. It said the funds raised will allow for continued development of the technology and an ability to demonstrate its commercial merits to industry and government. Founded in 2013, Terrestrial has secured $22.5 million in total financing to date.

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