Space Mining

  • Press Release

    US Nuclear And Partners Enter Vehicle Electrification Challenge

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    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.

    Click here to learn more about the challenge: https://chargeoninnovation.com/

    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.

    Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at http://www.usnuclearcorp.com

    CONTACT:

    US Nuclear Corp. (UCLE)
    Robert I. Goldstein, President, CEO, and Chairman
    Rachel Boulds, Chief Financial Officer
    (818) 883 7043
    Email: [email protected]

    Grapheton Inc.
    https://www.grapheton.com/
    CTO and Co-Founder: Sam Kassegne, PhD, PE

  • Press Release

    US Nuclear Corp. Announces Annual 2020 Financial Results

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    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.

    Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at http://www.usnuclearcorp.com

    CONTACT:

    US Nuclear Corp. (UCLE)
    Robert I. Goldstein, President, CEO, and Chairman
    Rachel Boulds, Chief Financial Officer
    (818) 883 7043
    Email: [email protected]

  • Press Release

    US Nuclear Takes up 5% Stake in Space Mining Pioneer Solar System Resources

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    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

    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.

    Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at http://www.usnuclearcorp.com

    CONTACT:

    US Nuclear Corp. (UCLE)
    Robert I. Goldstein, President, CEO, and Chairman
    Rachel Boulds, Chief Financial Officer
    (818) 883 7043
    Email: [email protected]

  • Press Release

    US Nuclear Marks Beginning of Age of Space Mining as it Signs Historic Trade Agreement

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    US Nuclear Marks Beginning Of Age Of Space Mining As It Signs Historic Trade Agreement

    US Nuclear Proposes Automated Tritium Monitoring System To TEPCO For Huge Fukushima Tank Water Release ProgramLos Angeles, CA.  April 28, 2021 – On April 15, 2021, US Nuclear Corp. (OTCQB: UCLE) signed a historic trade agreement with Solar System Resources Corporation that marked the beginning of the age of space trade and mining.  The new agreement sets preliminary prices for the high-value materials to be extracted.  It also establishes and expands our cislunar and solar system value chain and adds SatRevolution as a new partner.  The agreement is a continuation of the Letter of Intent signed on February 5, 2021, and outlines how US Nuclear and Solar Systems Resources Corp. plan to cooperate building a value chain starting with mining and selling valuable helium-3 and lanthanide metals and other materials from space deposits.

    Solar Systems Resources Corporation Sp. z o. o. is a space mining company that conducts localization, in-situ verification, and mining of space resources.  A third strategic partner, SatRevolution S.A., a leading provider of nanosatellites, is also participating in the construction of the value chain mentioned in the agreement.  The deal, if completed in full, could be worth many hundreds of billions of dollars and will pave the way to a new frontier mining resources in space.

    The agreement is in the form of a Memorandum of Understanding, and highlights include:

    1. Delivery of 500kg of extremely rare helium-3 isotope from space deposits in 2028-2032. The current market price of helium-3 is $16.6 billion per ton.
    2. Deliveries of helium-3 in subsequent years of 300kg (or more) per year.
    3. US Nuclear has received exclusive rights to use, sell, and resell helium-3 and the rare lanthanide metals in North America (including future Artemis Accords non-conflict zones in space), provided by Solar System Resources Corp. from space deposits.
    4. Solar System Resources Corp. received exclusive rights to use, sell, and resell space-related products and services developed by US Nuclear Corp (and current/future subsidiaries) in the European Union, Eastern Europe, Russia, and the Middle East, as well as sales made where both buyer and seller are on the Moon, on Mars or in space.
    5. The joint construction of the value chain has begun, starting from space resources to space infrastructure, transport, fusion energy and space propulsion, products and services, and ending with end-to-end business and individual customers on Earth and in space. To this end, the parties will actively seek and invite investors and business partners interested in creating and participating in such a value chain.
    6. In addition to stocking and selling appropriate high-tech products, the parties will carry out joint space mining missions, process and refine extracted materials, and supply other services related to space mining which will allow much higher margins than from the raw space resources alone.
    7. The parties will endeavor to support the US (and allies), the NATO military, and the development of the operational capabilities of the US Space Force.
    8. By 2050, the parties will endeavor to establish a network of space reserves available for civil operations, in particular, the US government/Space Force, including:
      1. Networks of power stations that store electricity and allow for quick charging of docking ships that have been granted access to the reserve.
      2. Liquified gases: O2, H2, CH4, technical gases.
      3. 500 tons of helium-3 isotope, which at the current Earth’s price of $16.6 billion / ton is $8,300 billion, or 39.65% of the US GDP in 2020.
      4. Metals critical to the US economy and security. Planned reserve value reaching up to 1% of US GDP.
      5. Water: the predicted value of the water reserve is 0.1% of the US GDP in 2020 ($ 20.93 trillion), which at a predicted (WGM Report) lunar water price of $0.5 million/ton, equals 41,865 m3 of water.

    Perhaps it is surprising that the parties include regular water as a scarce and valuable trade good.  However, it is predicted that spacers will be willing to pay high prices to vendors who can find, collect, and make deliveries of H2O.

    In addition to water for drinking, water will be needed for industrial and chemical processes.  Water is also useful as a source of deuterium as fuel for nuclear fusion power, and a source of hydrogen for fuel cells in many anticipated tools and equipment for space exploration.

    The polish company SatRevolusion S.A. is already participating in the construction of the value chain mentioned in the contract as a third strategic partner.  SatRevolution S.A. (http://satrevolution.com) is one of the most innovative companies in the field of small satellites, operates globally, has successfully deployed several nano-satellites, and is working on its own mega constellation of earth observation satellites called REC.  The addition of SatRevolution S.A. to the value chain is only the beginning, and US Nuclear and Solar System Resources Corp. are also in talks with other partners from different continents and various industries.

    Image Credit: NASA/Goddard/University of Arizona.

    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.

    Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at http://www.usnuclearcorp.com

    CONTACT:

    US Nuclear Corp. (UCLE)
    Robert I. Goldstein, President, CEO, and Chairman
    Rachel Boulds, Chief Financial Officer
    (818) 883 7043
    Email: [email protected]