The funding appetite for Moltex Energy has continued, with the round surging past the £5m mark and pledges, which do not show on the platform, taking the total amount to nearly £5.5m.
Management have said they will not go beyond £6m and would like to close the round out as soon as possible.
Moltex Energy has fully patented technology they believe makes nuclear energy safe and cost-effective to produce; and could ultimately take away our dependence on fossil fuels, completely.
Their Stable Salt Reactor (SSR) is fundamentally the first new nuclear technology in half a century, allowing nuclear energy plants to be built for half the cost of a coal-fired equivalent; preventing potential meltdowns; and converting existing nuclear waste into fuel for future nuclear energy.
Boasting an extremely impressive management and advisory team, Moltex has support from the UK, USA and Canadian governments – New Brunswick Power, the utility that has signed an MOU with Moltex, is a Canadian government-owned utility.
Further developments, including the potential award of government grants in the UK and more licensing progress in Canada, will support a higher valuation in a future funding round.
You can listen to the Moltex pitch and download more information about the company by clicking here.
Given the fast pace of this funding round, Management are expecting it to close soon.