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THORIUM
The Race

🇨🇦 Terrestrial Energy

Overview

Canadian company developing the IMSR, where uranium fuel is dissolved directly in molten fluoride salt. The integral design replaces the core as a sealed unit every 7 years. Went public on NYSE in 2025.

Timeline

2012Company founded
2019CNSC pre-licensing complete
2025NYSE listing via SPAC
2026DOE test reactor agreement
2032First IMSR plant target