Client
The client recycles US nuclear waste in a unique way. Instead of storing tons of spent nuclear Fuel, they have partnered with the US Department of Energy* (lead VC investor) ARPA-e accelerator ($6.5M grant), Oak Ridge National Lab ($500,000 GAIN grant), 5 national US labs and partnering with Energy Northwest (Washington State- to process its nuclear waste purchase our recycled fuel), originating only from nuclear reactors.
Scenario
The overall funding of $15m ($9m already raised) will be used to further expand the company’s capability to be used for early revenue generation, establishing strategic partnerships, personnel, technology, proof of concept with various licensing avenues. The $6M ask provides the Company with a 2.5-year runway leading up to its next major milestone:data verification on a bench top scale.
Solution
Wealthbullet arranged a funding of USD 6 million in the form of a convertible loan note, with a term of 60 months.
USD
6 Million
Country
U.S.A.
Sector
Energy
Sub-sector
Nuclear Energy Recycling
Deal Type
Project funding
Structure
Convertible Loan Note
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