Note 6: Commitments and Contingencies

During the six months ended June 30, 2026, the Company entered into a noncancelable commitment with a supplier to purchase low-enriched uranium fuel at a cost of approximately $9,200 and made the required payment in accordance with the terms of the agreement.

The Company also entered into a purchase commitment of approximately $4,100 for the procurement of borehole casing to support its operations.

In February 2026, the Company entered into an operating lease, as the lessee, for approximately 100 acres located within the Great Plains Industrial Park in Parsons, Kansas (the “Kansas Site”), with a noncancelable lease term of approximately two years. The Company has commenced initial site development activities intended to inform borehole design, drilling techniques, and site suitability for future reactor deployment. The lease agreement includes renewal options, as well as a mandatory purchase option for a purchase price of approximately $5,000 if the Company is granted a license for commercial operation of the future reactor by the NRC at the Kansas Site; however, these options have not been included in the lease term as the Company is not reasonably certain to exercise them at this time.

In the normal course of business, the Company may be subject to contingencies, including litigation, investigations, claims and other legal proceedings, including those arising in the ordinary course of business. The Company recognizes a liability for such contingency if it determines it is probable that a loss has occurred and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments including historical and the specific facts and circumstances of each matter. The Company has not had any litigation, investigations, claims or other legal proceedings for which it should recognize a liability. As such, the Company has not recorded any liability for these in the interim unaudited condensed consolidated financial statements.