American small modular reactor fuel developer Standard Nuclear (STDN.US) applies for listing in the US, planning to raise $100 million.

Standard Nuclear, which produces TRISO fuel for small modular reactors (SMRs) across the United States, filed documents with the U.S. Securities and Exchange Commission (SEC) last Thursday, planning to raise up to $100 million through an initial public offering (IPO). The company plans to list on the New York Stock Exchange under the ticker symbol "STDN". Based in Oak Ridge, Tennessee, Standard Nuclear was founded in 2024. The company focuses on the design, engineering development, and manufacturing of TRISO fuel. TRISO fuel is an advanced nuclear fuel widely used in small modular reactors and microreactors. The company operates the only industrial-scale production line dedicated to TRISO fuel production in the United States, which was acquired through a bankruptcy auction from Ultra Safe Nuclear in 2024. Standard Nuclear generates revenue mainly from fuel development agreements with commercial customers and U.S. government agencies. As of now, its total contract backlog can reach up to $245 million. Data shows that the company achieved $3 million in revenue in the 12 months ending March 31, 2026.