Cautionary Note Regarding Forward-Looking Statements

Certain statements included in this video are not historical facts but are forward-looking statements within the meaning of the U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements other than statements of historical facts contained in this news release are forward-looking statements. Any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,” “may,” “target,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” “preliminary,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, statements regarding the Company’s ability to commercialize MTF or any other fusion technology on its expected timeline or at all; the future demand for fusion energy, statements regarding the current and expected results of the LM26 program; as well as any information concerning possible or assumed future results of operations or financial position of the Company.

These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of the Company. These forward-looking statements involve a number of risks, uncertainties, or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the risk that; the risk that the Company fails to commercialize MTF on a cost effective basis, on the expected timeline or at all; the risk that the Company fails to achieve the objectives of the LM26 program including achieving the next technical milestones; the risk that additional capital needed by the Company may not be raised on favorable terms, or at all, including as a result of the restrictions agreed to in connection with the private placement the Company closed on July 10, 2026; the risk that fusion energy does not gain public acceptance; the risk that the scientific and technical assumptions upon which MTF technology is based do not prove to be correct; the risk that our competitors develop viable fusion technology sooner than we do; the risk of supply chain disruptions; the risk that key technical material and service inputs may not be available when required on reasonable terms or at all; the risk that we are unable to attract and retain qualified personnel with highly technical expertise; the risk that we are subject to negative publicity; the risk that our assessment of the total addressable market for fusion energy is incorrect; the risk of changes in the laws and regulations governing the Company’s research and development activities and in the regulation of fusion energy; the risk of fluctuations in currency markets; the risk that the Company is unable to complete and successfully integrate any future acquisitions; the risk of increased competition in the fusion industry; the risk of accidents, earthquakes, fires, floods and other natural disasters; the risk that our information technology fails; the risk that our operating expenses are materially higher than forecast; the risk that we are unable to remediate material weaknesses in our internal controls or identify additional material weaknesses in the future; the risk that we are unable to adequately protect or enforce our intellectual property rights; the risk of third-party claims that we are infringing or violating another person’s intellectual property rights; the risk that our intellectual property applications are not granted; the risk of a cyber event or privacy breach resulting in an interruption in operations or financial loss; the risk that government reduces or delays funding of government programs in which we participate; the risk that future sales by existing shareholders could cause our stock price to decline; and the risk that we are unable to establish and maintain effective internal controls to produce accurate and timely public disclosure.

These forward-looking statements are based on certain assumptions, including that we are able to achieve our next milestones, none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. 

The foregoing list is not exhaustive, and there may be additional risks that the Company does not know or currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed herein and in the other filings by the Company with the U.S. Securities and Exchange Commission, including those described under the heading “Risk Factors.” The Company does not undertake to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required in accordance with applicable laws.