Comments Off on US Nuclear Corp. Announces First Quarter 2021 Results
by usnuclearadmin
Los Angeles, CA. August 26, 2021 – US Nuclear Corp. (OTCQB: UCLE), a leading manufacturer of advanced radiation, chemical, and biological detection and UAV instrumentation, recently announced the financial results for the first quarter ended March 31, 2021.
Sales for the three months ended March 31, 2021, were $417,824 compared to $322,239 for the same period in 2020, an increase of 29.7%
Gross profit was $201,172 compared to $166,327 for the same period in 2020, an increase of 20.9%
Selling, general, and administrative expense were $860,151 compared to $894,842 for the same period in 2020, the decrease of $34,691 or 3.9% was due to lower stock-based compensation
Stock-based compensation was $378,838 compared to $453,096 during the same period in 2020
Other expense was $4,582, a decrease of $314,272 from $318,854 for the same period in 2020
Net loss of $663,561
Robert Goldstein, CEO of US Nuclear Corp., commented:
“We are happy to announce that our sales revenue is continuing to recover from the impact of COVID-19. We aren’t quite back to pre-pandemic production levels yet but are steadily getting thereby continuing to book new sales and keeping our employees safe. We are working on updating our operating division websites and product content to drive more organic traffic and sales, as well as focusing on product campaigns for our most popular products. Customer inquiries have been continuing to increase, and we have a strong order backlog as we build momentum going into the rest of the year.”
Safe Harbor Act
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Comments Off on New Advances in Special Drilling Devices for Space Surveying & Mining Missions to the Moon and Beyond
by usnuclearadmin
New Advances in Special Drilling Devices for Space Surveying & Mining Missions to the Moon and Beyond
Los Angeles, CA. August 23, 2021 – On August 15, 2021, US Nuclear’s (OTCQB: UCLE) partner Adam Jan Zwierzyński of Solar System Resources published a report on his research, prototyping, and testing of space drilling and extraction systems with the goal of developing fully autonomous mining robots for mining high-value minerals and elements from the moon, Mars, comets, and asteroids.
The paper was published in ‘Energies’ journal and was written by Adam Jan Zwierzyński, Wojciech Teper, Rafał Wiśniowski, Andrzej Gonet, Tomasz Buratowski, Tadeusz Uhl, and Karol Seweryn. It was a collaboration between the Department of Drilling and Geoengineering at AGH University of Science and Technology and the Space Research Centre of the Polish Academy of Sciences.
It discusses the dire global climate crisis and the need for ecological sources of energy and mining methods that could solve the problems before it is too late. Space is becoming a new area of possible drilling applications with the potential to solve the climate crisis. The authors explore the possibility of constructing mining devices with extra-low mass and extra-low energy consumption which are essential for use in space. Initial drillability tests are performed and presented in the paper.
MIFTI is noted as being a developer of thermonuclear fusion energy, which would give mankind an almost inexhaustible source of cheap, clean, and green energy for many thousands of years.
US Nuclear is mentioned for their historic letter of intent with Solar System Resources for the delivery of rare and valuable He-3 fuel from lunar deposits for use in fusion energy by 2028-2032. Subsequently, both companies signed a historic trade agreement establishing the Cis-Lunar value chain (Moon-Earth).
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Comments Off on US Nuclear And Partners Enter Vehicle Electrification Challenge
by usnuclearadmin
US Nuclear And Partners Enter Vehicle Electrification Challenge Led By Rio Tinto And Worlds Biggest Mining Companies
Los Angeles, CA. August 9, 2021 – US Nuclear Corp. (OTCQB: UCLE) and partners now enter the electric vehicle fast charging and propulsion market which is expected to exceed 15 Billion per year by 2030. To do this our group has formed a consortium with Grapheton, Solar System Resources, and Four Point, called ChargeMineBetter which has submitted an offer in the ‘Charge On Innovation Challenge.’ Our group’s technology uses a supercapacitor system developed using Grapheton’s novel technology. ChargeMineBetter’s organic vapor phase deposition, OVHPD technology reduces carbon footprint, solves the challenge, and will enable the industry to save billions of dollars and move towards their goal of de-carbonizing the mining industry.
The Charge On Innovation Challenge is a global competition under the patronage of 17 mining companies from around the world (including of the 3 largest: BHP, Rio Tinto, and Vale). The competition aims to electrify mining trucks which will help the mining sector worldwide reduce its consumption of diesel fuel and significantly cut emissions. These trucks are the largest in the world and carry loads up to 360 tons with 3m diameter tires, and will require400KWh of electric power per cycle. They are used in open-cast mines all over the world (from polar to tropical regions), work in extreme conditions, and transport billions of tons of excavated material, ores metals, potassium, and other raw materials. The electrification of the world’s largest ultra-class trucks is an enormous engineering and material challenge. Until now, there has been no technology that would allow the construction of electric power systems and the rapid charging of such huge machines in a reasonable time. Companies from all over the world were invited to submit offers and a deadline was set for July 31, 2021. The motivation is not only savings and increasing the efficiency of mining operations, but also the growing concern for the natural environment and the fight against global warming.
Laboratory tests of Grapheton’s supercapacitors and numerical simulations of the entire system are promising. ChargeMineBetter wants to deliver a prototype ready for commercialization in about 2 years. If the results are confirmed, it would be a breakthrough in electromobility and electricity storage. Perhaps soon, charging an electric car will take no longer than refuelling with gasoline.
The ChargeMineBetter consortium also has a positive impact on the world: 4 companies, 4 coherent visions of a better world, and 4 amazing flagship projects of its members. It is an amazing story, a new better world, and new business opportunities for the competition organizers, creating a unique added value for the project.
Grapheton Inc. is a leader in carbon-based devices and energy storage systems. The company has recently developed a promising supercapacitor technology made of carbon materials and owns patents in their manufacturing and integration to a large-scale application. The company’s supercapacitors for implantable applications, on the other hand, use the body’s own salty environment for power generation (self-powered). Grapheton’s supercapacitor solutions will also find applications in electromobility, semi-conductor devices, and electric energy storage systems.
Solar System Resources Corporation Sp. z o. o. is a company developing the subject of space mining and operating in the field of fusion energy. The company plans to carry out raw material surveying of the Moon and then exploit it. It is particularly interested in the exploitation of metals and the helium-3 isotope for the purposes of fusion energy. The company wants to save the planet from the effects of global warming: 1 ton of helium-3 as a fusion fuel avoids the emission of 21 million tons of CO2. Solar System Resources Corporation Sp. z o. o. wants to build storage of strategic space resources and electricity storage in space. The company has signed with US Nuclear Corp. the first historic LoI for the supply of 500 kg of helium-3 from the lunar deposits, and then the historic trade agreement that begins the Cis-Lunar value chain.
US Nuclear Corp. participates in the consortium indirectly through USN Solar SkyMining LLC, which is its joint-venture jointly with Solar System Resources Corporation Sp. z o. o. The company US Nuclear Corp. is a company from the nuclear sector that has been providing equipment for monitoring radiation, chemical and biological contamination, and the state of the environment for decades. US Nuclear Corp. works on fusion for the purposes of energy, nuclear medicine imaging and treatment (production of radionuclides), and space propulsion.
Four Point Sp. z o. o. is a company whose mission is to reduce the environmental impact of open-cast mines by new technological innovations. The company provides satellite image analysis software for the European Space Agency (ESA) and is working on a new generation of autonomous machines for the mining industry. The company also wants to support the development of electromobility and is also interested in creating autonomous haulers for the future of space mining. Four Point presents unique knowledge and experience, creating new opportunities.
Safe Harbor Act
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Comments Off on US Nuclear Corp. Announces Annual 2020 Financial Results
by usnuclearadmin
US Nuclear Corp. Announces Annual 2020 Financial Results
Los Angeles, CA. August 2, 2021 – US Nuclear Corp. (OTCQB: UCLE), a leading manufacturer of advanced radiation, chemical, and biological detection and UAV instrumentation, announced the annual results for the year ended December 31, 2020.
2020 Annual Highlights
Total sales revenue of $1,752,976 compared to $3,540,387 the previous year
Net loss of $3,538,103 due to impact of COVID-19
Equity loss of investment $818,611
Amortization of debt discount $462,963
Total operating expenses reduced 42% to $2,558,553 as compared to $4,394,844 the previous year
Robert Goldstein, CEO of US Nuclear Corp., commented:
“2020 was a challenging year for us due to COVID-19. The health and safety of our employees and their families was an urgent concern, and we took the necessary measures to ensure everyone stayed healthy. These measures included a temporary shut-down of one of our operating divisions, staggered and reduced work hours, and 14-day quarantine periods. Sales and production were especially slow in Q1 and Q2 due to the impact of COVID-19 on our company and customers but started to recover in Q3 ($484,318) and Q4 ($644,218) as we came back to more regular production levels. In particular, our novel DroneRAD products (aerial radiation and chemical detection system) and real-time water quality monitors for radiation, chemical, and biological pollutants have been rising in popularity and demand and we expect this trend to continue due to the unique functionality offered by these systems as well as tighter safety regulations and increased transparency to the public.
On March 12, 2020, we closed a deal to purchase 40% of Grapheton which we are incredibly excited about. Grapheton is a start-up company that is developing cutting-edge bioelectronics and neurotechnology for treating injuries and disease, implantable neural devices for brain-computer interfaces, and a new generation of enhanced micro and supercapacitors using glassy carbon. Grapheton is building a rich portfolio of forward-looking solutions, proprietary technology, and IP in cutting-edge areas and rapidly growing industries such as fast chargers for EV’s, more capable IC chips, and the brain-machine interface.
Despite a rough start to the year, we weathered the COVID-19 pandemic well, kept our employees safe, and are happy to announce that we are poised to continue growing and expanding as a sensor system developer and manufacturer.”
Safe Harbor Act
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
