Texas Regulator Greenlights Fusion R&D, Clearing Path for Texatron Testing
AMFN filed a Product Development and Regulatory on light trading volume (0.3× avg).
Summary
American Fusion received a Texas Certificate for Industrial Radiation Machines, authorizing R&D on its Texatron™ Fusion Engine™ systems at Texas Tech University. The registration, effective through 2034, covers twelve systems up to 1 GW and names Dr. John E. Brandenburg as Radiation Safety Officer. This removes a key regulatory hurdle for the company's prototype testing and validation program. The milestone follows the June delivery of a 5 MW pre-production engine and supports the previously announced development roadmap. With no other major permits required for planned testing, the company can now proceed with engineering and calibration work at its approved facility.
At the time of this announcement, AMFN was trading at $0.08 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $132.3M. The 52-week trading range was $0.00 to $0.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.