U.S. Fusion Company Discloses Texatron Platform Progress and Capital Markets Plans

American Fusion disclosed to shareholders on August 14 the latest developments in the global fusion energy industry, data center electricity demand in Texas, and the company's capital markets arrangements. The company stated that its Texatron fusion engine under development remains in the testing and engineering validation phase, and whether it can be used for commercial power supply in the future depends on multiple conditions, including test plans, regulatory approvals, financing, scaled production, and commercialization progress.

American Fusion stated that its long-term goal is to develop the Texatron platform into a scalable distributed power source and explore supplying electricity to data centers, hospitals, defense facilities, industrial facilities, and other critical infrastructure customers through a "power-as-a-service" model. The company believes that one of the key challenges in the infrastructure sector over the next decade will be securing higher-reliability power supply near points of electricity consumption.

In the fusion industry, the Fusion Industry Association's 2026 industry report shows that in the 12 months through July 2026, 56 fusion companies worldwide raised approximately $4.48 billion in total, the highest annual financing amount recorded by the association since it began its survey in 2021, representing an increase of approximately 69% over the previous year. Since 2021, cumulative financing in the fusion sector has reached approximately $14.24 billion, with industry employment exceeding 16,000 people. Recent financing cases include Helion Energy raising approximately $465 million in June 2026 and Proxima Fusion raising approximately $518 million in July.

The materials also noted that General Fusion's LM26 magnetized target fusion project has made progress, including compression heating of deuterium plasma; in Europe, plans are also underway to repurpose the former Biblis nuclear facility in Germany for future laser fusion research and development. American Fusion believes these developments reflect the continued momentum in the global fusion industry in terms of capital investment, technology research and development, and commercial collaboration.

Regarding electricity demand, American Fusion highlighted the new load driven by artificial intelligence and data center construction in Texas. The Electric Reliability Council of Texas (ERCOT) reported in April this year that it is tracking approximately 410 gigawatts of proposed large-load interconnection projects, of which approximately 87% are related to data centers. The company also noted that not all proposed projects will ultimately be built, but the project pipeline indicates that Texas's power infrastructure may face significant pressure.

Healthcare facilities are also viewed by the company as a potential long-term application scenario. There are approximately 6,000 hospitals in the United States, and Texas is one of the larger healthcare markets in the country. American Fusion believes that hospital operating rooms, intensive care units, emergency systems, diagnostic imaging equipment, cancer treatment equipment, laboratories, pharmaceutical cold storage systems, and medical data centers all have high requirements for continuous and stable power supply. If the Texatron system completes development and achieves commercialization in the future, the company envisions deploying it at or near large medical campuses to supply electricity directly to the user side.

In terms of capital markets, American Fusion stated that its OTCQB venture market application process has entered the late stage. Apart from the Form 211 filed pursuant to SEC Rule 15c2-11, which is still pending approval, the company stated that it has completed the applicable OTCQB application requirements. Final eligibility remains subject to review and approval by OTC Markets Group.

The company also stated that its long-term capital markets goal is to prepare for a future listing on a national securities exchange, subject to meeting financial, governance, regulatory, and listing requirements. American Fusion plans to evaluate the Texas Stock Exchange (TXSE) and other potential national exchanges, but has not yet determined a future listing venue and cannot guarantee that it will be able to satisfy the listing requirements of any relevant exchange.

American Fusion also disclosed that it has retained Lucosky Brookman LLP as securities counsel to provide legal advice on a potential national securities exchange listing, capital raising, and other corporate matters. The company's Executive Chairman, Brent Nelson, stated that the company will continue advancing the development of Texatron as a distributed fusion power generation platform while simultaneously building the corporate, regulatory, and financial infrastructure needed to support commercialization.