tNRG
Tokenised Economic Right (not equity) to potential future liquidity from WLTH’s (Metamasters DAO Corp) seed investment in a U.S.-based micro-reactor developer.
Slices are not securities of, nor endorsed by, the underlying company. They are unsecured contractual rights against WLTH (Metamasters DAO Corp). Residents of the U.S., U.K., E.U. and other restricted jurisdictions are ineligible. Review the full Terms & Conditions before purchasing.
Category: Nuclear Micro-Reactor Energy Stage: Early Growth Opportunity Type: Tokenised Economic Right
Company Overview
A U.S.-based company is developing a transportable micro-modular reactor. The factory-built system is a light-water reactor using low-enriched uranium to produce 2-10 MW of continuous, carbon-free power. The company is currently engaged in the licensing process with the U.S. Nuclear Regulatory Commission (NRC) to bring clean, resilient energy to industrial and government customers.
The Problem
The demand for reliable, low-carbon energy, particularly for industries and data centres, is accelerating. Yet high energy costs, unstable grids, and a lack of flexible generation options make meeting this demand challenging. Conventional approaches like fossil fuels or large-scale nuclear are often unsuitable for smaller, modular, or off-grid deployments.
Running on diesel backup power can cost around $0.45 per kWh and requires constant refuelling. A next-generation alternative aims to deliver 24/7 carbon-free electricity at around $0.15 per kWh under a Power Purchase Agreement (PPA), cutting costs by roughly two-thirds while eliminating the logistical burden.
The Solution
A new 2 MW Micro Modular Reactor (MMR) design provides safe, reliable power using passive heat-pipe cooling, which removes the need for pumps and valves, simplifying the system and improving safety. This approach combines proven light water reactor (LWR) technology with HALEU fuel and modular cartridge refuelling, enabling a cost-effective, scalable, and decentralised power source. The compact, transportable design makes it ideal for data centres, remote industrial sites, and resilient backup power.
A recently filed patent is set to boost output from 2 MW to 10 MW with only about a 20 % increase in capital costs. This allows a 20 MW facility to be powered with just two modules instead of ten, significantly reducing complexity and footprint.
Market Opportunity
Global Nuclear Market: $100 B, 5-6 % CAGR
Localised power for data centres ($143 B by 2027)
Remote industrial, military, backup power
Clean energy demand
Energy security
Strong U.S. regulatory support (DOE GAIN)
Traction & Validation
Provisional patent filed (Aug 2024) for heat-pipe reactor and cartridge refuelling
NRC pre-application docket filed (May 2025), starting regulatory process
1 GW agreement in principle with hyperscale data centre developer (500 units)
300 MW LOI with leading industrials group
Intellectual Property & Strategic Assets
Provisional patent for heat-pipe reactor.
Strong regulatory support via DOE GAIN program.
Early market validation from major data center and industrial customers.
Business Model & Financial Highlights
Selling power contracts (PPAs) and MMRs as a service, targeting large industrial users, data centers, and backup power providers.
Their MWh cost is competitive with grid prices, offering lower maintenance and fuel costs than traditional reactors. Projected gross margins per reactor unit are 30-40%, with scalability upside.
Year 3 Revenue: $50M from contracts and power sales.
Break-even: Targeted within 36 months, pending licensing and initial deployments.
Competitor Analysis
Underlying company
MMR (2-10 MW LWR)
Early-Growth
USD 77.55M (secondary)
Oklo (NYSE: OKLO)
15 MW fast-spectrum
Public
USD ≈ 9.1B
UltraSafe
5 MW MMR
Pre-IPO
USD 1.4B (Series E
Team
Leadership comprises former NRC, DOE and Tier-1 utility executives together with engineers from top U.S. nuclear-engineering programmes.
Disclaimer
No affiliation. Nominative reference only
The underlying company is entirely unaffiliated with this offering, with Metamasters DAO Corp, and with the associated Slices. Specifically:
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No effect on the underlying company’s securities. Issuing Slices does not affect its capitalisation, shareholder base, voting power, or governance.
Trademark usage. Any mention of the underlying company’s name is strictly nominative. WLTH (Metamasters) claims no ownership and implies no sponsorship.
Information limitations. All company-related data herein are drawn from public sources WLTH (Metamasters) believes to be reliable.
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