US Nuclear Signs Agreement to Acquire an Interest in a Leading Fusion Power Developer
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US Nuclear Signs Agreement to Acquire an Interest in a Leading Fusion Power Developer & Rights to Manufacture & Sell Fusion Power Generators for Electric Power Grid
Los Angeles, CA. April 23, 2019 – US Nuclear Corp. (OTC-UCLE) and Magneto-Inertial Fusion Technologies, Inc. (MIFTI) have now signed an agreement which grants US Nuclear 500,000 shares of Magneto-Inertial Fusion Technologies, Inc. (MIFTI) stock, the option to acquire up to 10% (ten percent) of MIFTI, and non-exclusive worldwide rights to manufacture and sell MIFTI’s patented thermonuclear fusion power generator. MIFTI’s fusion power generator can produce clean, baseload electric power for the US and other power grids and wherever small modular electric power sources are needed. The worldwide energy market is estimated to reach $6 trillion by 2030.
Last year, US Nuclear signed a similar agreement with MIFTEC Labs for a revolutionary new way to produce medical radioisotopes from nuclear fusion power that has several cost and safety advantages over the current nuclear fission-based methods.