Debt ConcernsThere is additional debt required to achieve the company's goals, which could reach close to ~$1B.
Funding ChallengesThe money from TerraPower will not be sufficient to pay for the entire uranium enrichment facility, requiring additional capital from local debt providers.
Regulatory RisksRisks continue to lie ahead, including reaching commercial scale after successful lab trials, South Africa’s political risk, the possibility of unforeseen curtailments around the proliferation of enrichment technologies, approval/permitting timelines, and the nuclear regulatory commission (NRC) approval of reactors from potential HALEU customers.