US Nuclear Takes up 5% Stake in Space Mining Pioneer Solar System Resources
Los Angeles, CA. June 9, 2021 – On June 4, 2021, US Nuclear (OTCQB: UCLE) signed an agreement to take a 5% stake in Solar System Resources Corporation Sp. z o. o., thus advancing US Nuclear’s portfolio of high-tech startups. US Nuclear and Solar System Resources decided to keep the details of the transaction private.
Solar System Resources is a space mining company that conducts localization, in-situ verification, and mining of space resources. US Nuclear will cooperate with Solar System Resources and other partners to build a value chain starting with mining and selling valuable helium-3, lanthanide metals, and other vital or precious materials from space deposits.
This is just the latest investment of US Nuclear, which can be viewed as a holding company and incubator with stakes in highly innovative and promising companies. US Nuclear owns 100% of its three main operating divisions, including Technical Associates, Overhoff Technology Corporation, and ECC X-ray, and a minority stake in several other partner companies, including:
- A small stake in MIFTI for the production of cost-effective, carbon-free fusion power to feed the world’s multi-trillion-dollar electric power needs
- 10% stake in MIFTEC for the production of badly needed, low-cost, domestically available medical isotopes using MIFTI’s fusion technology
- 40% stake in Grapheton for the production of advanced novel glassy-carbon neural brain-machine sensors and supercapacitors with possible application in IC chip production and electric vehicle drive chain and charging
- 5% stake in Solar System Resources Corporation for locating and extracting valuable helium-3 in addition to rare, precious, and critical earth metals from planets, moons, and asteroids
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