BERKELEY, CA – Deep Isolation Nuclear, Inc. (together with its subsidiaries “Deep Isolation” or the “Company”), a leading innovator in nuclear waste disposal technology, today announced it has signed a technology licensing agreement with Navarro Research and Engineering, Inc. (“Navarro”). The agreement grants Navarro access to Deep Isolation’s portfolio of intellectual property for use in nuclear and hazardous waste management applications across the states of Tennessee and Idaho.

The licensing agreement enables Navarro to leverage Deep Isolation’s patented borehole repository systems and canister technologies for nuclear and hazardous waste management, while ensuring that ownership of all licensed intellectual property, including patents and processes, remains with Deep Isolation.

Navarro is an award-winning solutions provider that delivers comprehensive nuclear, environmental, and technical services to commercial enterprises, private clients, and federal agencies across the United States. Our expertise supports commercial industries and private sector partners facing complex technical and environmental challenges while continuing our ongoing missions with the Department of Energy, the National Nuclear Security Administration, the Department of Defense, and NASA.

“Global nuclear power capacity is forecast to increase by more than 300 GW by 2050, yet the world has not permanently disposed of any of the spent fuel it has created over the last 70 years. We believe we have a solution with our deep borehole technology that safely and permanently stores nuclear waste deep underground,” said Rod Baltzer, CEO of Deep Isolation. “Our partnership with Navarro demonstrates the growing market demand for integrated solutions for nuclear waste challenges. By working with Navarro, we are enabling broader commercialization of our novel technology, while maintaining our leadership in developing scalable, safe, and cost-effective solutions for nuclear waste disposal.”

“Navarro is thrilled to partner with Deep Isolation to bring this groundbreaking nuclear waste storage technology to our projects,” said Susana Navarro, President of Navarro Research and Engineering. “Deep Isolation’s patented solutions will help us expand our ability to serve industry and government clients with safe and sustainable waste management strategies. We are excited to integrate their innovations into our work for the long-term benefit of the nuclear sector.”

The Company offers customers licensed partnerships, providing a range of flexible options to access its extensive intellectual property and implement borehole disposal solutions. Whether for government agencies or commercial partners, the Company prioritizes flexibility and choice to meet diverse waste management goals.

Deep Isolation’s intellectual property portfolio, controlled by it’s subsidiary, Deep Isolation Inc., spans planning methodologies, operational processes, and patented borehole and canister technologies. This agreement with Navarro includes access to U.S. and international patents covering repository systems, hazardous material canisters, and monitoring technologies.

About Deep Isolation

Deep Isolation is the first company to commercialize nuclear waste disposal in deep boreholes. It offers a uniquely tailored solution to help countries identify, plan for and complete the necessary steps to dispose of their nuclear waste inventories. With 87 patents issued to date, Deep Isolation’s technology leverages proven drilling practices to safely isolate waste deep underground in horizontal, vertical, or slanted borehole repositories. Deep Isolation’s Universal Canister System was developed through a three-year project funded by the U.S. Department of Energy’s Advanced Research Projects Agency—Energy and is engineered to support integrated management of spent fuel and high-level waste from advanced reactors across storage, transportation and eventual disposal.

For more information, visit: deepisolation.com 

Media Contact:
Sophie McCallum
Head of Communications
media@deepisolation.com

Investor Contact:
Caldwell Bailey
InvestorRelations@deepisolation.com

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding our plans, objectives and expectations for our business, the future growth of our business and the nuclear energy and nuclear waste disposal industries as a whole, and future benefits expected to arise from our strategic partnerships. In certain cases, forward-looking statements can be identified by the use of words and phrases or variations of words and phrases or statements such as “may,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “will,” “could,” “project,” “target,” “potential,” “continue” and similar expressions. Forward-looking statements are based on management’s belief and assumptions, including current expectations and projections about future events and trends, and on information currently available to management.

Forward-looking statements in this or any other news release are subject to a number of risks, uncertainties, and assumptions that could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks, uncertainties, and assumptions are subject to a number of factors, including, among others: the failure of a market to develop for our deep borehole disposal solutions as quickly as we expect or at all; regulatory and legal developments, including issues relating to obtaining regulatory approvals or permissions on the timelines we expect or at all; our lack of profitability; our failure to enter into contracts with customers or, once we do enter into contracts, to continue such contractual relationships or to receive new contract awards; our dependency on governmental contracts and awards; our  failure to manage our growth effectively or to execute our business plan; a failure to sustain and expand relationships with governmental entities and strategic partners; failure in the assumptions or analyses we have used in supporting forecasts or plans; our inability to commercialize our products at scale; the development or deployment of other technologies or solutions supplanting or competing with our technologies; challenges to our intellectual property, failures to protect, maintain, enforce, and enhance our intellectual property, and claims by others of intellectual property infringement;  political and public perceptions of nuclear energy, including perceptions as to accidents or other high-profile events involving nuclear power facilities or radioactive materials; our liquidity and ability to raise capital; any inability to control operating and project costs and project delays or other project-related problems; security (including cybersecurity) breaches or disruptions; geopolitical, macroeconomic, domestic events or crises, including supply chain disruptions and other risks and uncertainties outside of our control; weather and effects of climate change; and litigation or legal proceeds that may be brought against us.

The foregoing is not an exhaustive list of all the factors that may cause any forward-looking statements to prove inaccurate or our actual results to differ materially from our expectations and forecasts. Moreover, we operate in a highly regulated environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements, and we cannot guarantee future results, performance, or achievements. Accordingly, readers should not place undue reliance on forward-looking statements. We undertake no obligation to update any forward-looking statements for any reason after the date of this release or to conform these statements to actual results or revised expectations, except as required by law.

Additional information concerning the factors above and other factors will be found in the Company’s public filings with the Securities and Exchange Commission (the “SEC”), including the sections titled “Forward-Looking Statements” and “Risk Factors” in the Company’s Current Report on Form 8-K dated July 23, 2025 filed with the SEC on July 28, 2025 and in subsequent filings with the SEC. The Company’s SEC filings are available free of charge at www.sec.gov filed or upon written request to Deep Isolation Nuclear at InvestorRelations@deepisolation.com.

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Deep Isolation’s deep borehole technology will deliver a safe, scalable, and cost-effective solution for nuclear waste disposal — addressing the global need to move spent fuel from temporary above-ground storage to permanent disposal

Most recent financing will fund the development of a full-scale demonstration project to validate the safety and feasibility of the solution

Deep Isolation has developed an extensive intellectual property portfolio, with 87 issued patents across multiple countries, and has established strategic customer and/or supply chain relationships with leading companies across the nuclear energy industry

BERKELEY, CA – Deep Isolation Nuclear, Inc., a leading innovator in nuclear waste disposal technology, announced that on July 23, 2025, it closed a reverse merger transaction, as a result of which it acquired Deep Isolation, Inc. (Deep Isolation Nuclear, formerly known as Aspen-1 Acquisition Inc., and its subsidiaries, including Deep Isolation after the merger, “Deep Isolation” or the “Company”). Concurrently with the closing of the merger, it also closed an oversubscribed financing through a private placement of its common stock (raising $33 million). After giving effect to the merger and financing, the stockholders of Deep Isolation, Inc. hold a majority of the outstanding shares of Common Stock of the Company.

Deep Isolation is subject to the public reporting requirements of the Securities Exchange Act of 1934, as amended. It intends to file a resale registration statement on Form S-1 with the SEC to register its outstanding shares and apply to have its shares approved for quotation on the OTCQB market.

Deep Isolation Company Overview

Deep Isolation is revolutionizing the nuclear waste disposal industry through its innovative deep borehole technology, delivering a safe, scalable, and cost-effective solution for nuclear waste disposal — addressing the global need to move spent fuel from temporary above-ground storage to permanent disposal. The Company’s proprietary solution will place corrosion-resistant canisters containing nuclear waste in deep boreholes over one kilometer below the Earth’s surface, utilizing proven directional drilling technology to provide permanent isolation at a fraction of the cost of traditional mined repositories.

With nuclear power playing an increasingly critical role in the global transition to clean energy, the need for permanent nuclear waste disposal solutions has never been more urgent. Based on the International Atomic Energy Agency’s (IAEA) estimates and projected high case for annual global nuclear power generation, the global nuclear waste disposal market is currently estimated at over $155 billion and is projected to nearly double to $295 billion by 2050 as nuclear capacity expands worldwide. Currently, approximately 40 countries with nuclear energy programs do not have permanent disposal solutions for their nuclear waste. Most rely on temporary above-ground storage.

Deep Isolation’s asset-light business model will allow customers to engage with Deep Isolation throughout the nuclear waste disposal timeline – from appraisal to planning to implementation. Additionally, the Company intends to pursue licensing opportunities with strategic partners and governments, which has the potential for significant passive revenue. Deep Isolation has developed an extensive intellectual property portfolio, with 87 issued patents across multiple countries, and has established strategic customer and/or supply chain relationships with leading companies in the nuclear energy industry including, OKLO Inc., Kairos Power, SHINE Technologies LLC, Curio Legacy Ventures, Inc., Amentum, Bechtel, Dominion Engineering, Inc., Fermi Energia, NAC International Inc., Navarro Research & Engineering, Inc., and University of Sheffield AMRC.

The Company has received multiple Department of Energy grants totaling over $6 million, and has secured formal advocacy assistance from U.S. government agencies for international deployment of its technology. This support includes five ARPA-E contracts in partnership with OKLO Inc., Argonne National Lab, Idaho National Laboratory, Lawrence Berkeley National Lab and NAC for advanced fuel disposal and canister design. Deep Isolation has a strong international presence, including feasibility studies with multiple parties in Asia and Europe.

Deep Isolation is a founding member of the Deep Borehole Demonstration Center, an international nonprofit organization headquartered in Cameron, TX, that serves as a neutral, collaborative platform to evaluate deep borehole engineering and the safe, permanent disposal options for high-level nuclear waste and spent fuel. More info is available at www.deepboreholedemo.org.

Founded in Berkeley, California in 2016, Deep Isolation is led by CEO Rod Baltzer and a highly experienced management team with decades of combined experience in the nuclear and waste management sectors. In addition, management is supported by a top-tier Advisory Board consisting of top minds in geology, nuclear and environmental science, as well as community and stakeholder engagement experts, business leaders, innovators and entrepreneurs.

Deep Isolation’s solution addresses the critical need for permanent nuclear waste disposal while supporting the global transition to clean energy. The Company believes its innovative approach will offer up to 70% cost savings compared to traditional mined repository solutions while providing enhanced safety through deeper geological isolation.

Management Commentary

“This merger and private placement financing mark a pivotal moment for Deep Isolation as we work to revolutionize the nuclear waste disposal industry with our proprietary deep borehole technology,” said Rod Baltzer, CEO of Deep Isolation. “As demand for nuclear energy accelerates to meet the growing power needs of AI data centers and industrial processes and the eventual displacement of carbon-based power sources, the $155 billion global nuclear waste disposal market is projected to double by 2050. This strategic transaction provides the Company with broader access to capital to fund our full-scale technology demonstration and support continued growth and expansion of our global partnerships, positioning Deep Isolation Nuclear as a recognized market leader in the development of permanent nuclear waste disposal.”

Elizabeth Muller, Executive Chair and Co-Founder of Deep Isolation, commented: “For decades, nuclear waste disposal has relied solely on mined repositories, which face challenges including high costs, long development timelines and political opposition. At Deep Isolation, we recognized the opportunity to innovate by applying proven drilling advances from the oil and gas sector to solve the nuclear waste challenge. This insight led to our groundbreaking patents and has, we believe, established us as the leader in developing alternative nuclear waste disposal methods, specifically in commercializing directional drilling technology for this critical purpose. With this strategic financing and anticipated future quotation on the OTCQB, we believe Deep Isolation Nuclear can accelerate the development of our demonstration project and expand our commercial opportunities to capture a significant share of the rapidly growing nuclear waste disposal market as countries worldwide seek permanent disposal solutions for their nuclear energy programs.”

Dr. Steven Chu, a Deep Isolation Advisory Board Member and former U.S. Secretary of Energy, commented: “The nuclear waste challenge requires innovative solutions that prioritize both safety and economic viability. Deep Isolation’s approach represents a significant breakthrough by leveraging proven directional drilling technology to create a more accessible, scalable disposal method that can be deployed globally. With nuclear energy capacity targeted to triple globally by 2050, having a practical solution for waste disposal becomes increasingly critical. I believe Deep Isolation’s technology can transform how we address nuclear waste management and unlock a new era of sustainable nuclear energy development.”

Transaction Overview

Investors in the private offering included participation from existing investor NAC International—a strategic partner and subsidiary of Kanadevia Corporation (TYO: 7004) and investor in Deep Isolation prior to the merger, as well as new investors, including Mark Tompkins and nuclear-focused institutional investor Segra Capital Management. Seaport Global Securities, The Benchmark Company, Phoenix Financial Services, Network 1 Financial Securities, and Dinosaur Financial Group acted as co-placement agents. The transaction was sponsored by Montrose Capital Partners.

Neither the common stock of Deep Isolation Nuclear issued in the merger or in the private placement have been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be resold absent registration or an applicable exemption from registration requirements.

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About Deep Isolation

Deep Isolation is the first company to commercialize nuclear waste disposal in deep boreholes. It offers a uniquely tailored solution to help countries complete the necessary steps to dispose of their nuclear waste inventories. With 87 patents issued to date, Deep Isolation’s technology leverages proven drilling practices to safely isolate waste deep underground in horizontal, vertical, or slanted borehole repositories. Deep Isolation’s Universal Canister System (UCS) was developed through a three-year project funded by the U.S. Department of Energy’s Advanced Research Projects Agency -Energy (ARPA-E), and is engineered to support integrated management of spent fuel and high-level waste from advanced reactors across storage, transportation and eventual disposal.

For more information, visit: deepisolation.com 

Media Contact:
Sophie McCallum
Head of Communications
media@deepisolation.com

Investor Contact:
Caldwell Bailey
InvestorRelations@deepisolation.com

Forward-Looking Statements

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to, among others, our plans, objectives and expectations for our business, future growth, awards, backlog, operations and financial performance and condition.  Forward-looking statements can include terminology such as “may,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “will,” “could,” “project,” “target,” “potential,” “continue” and similar expressions that do not relate solely to historical matters or actual results. Forward-looking statements are based on management’s belief and assumptions, including current expectations and projections about future events and trends, and on information currently available to management.

Forward-looking statements in this or any other release are subject to a number of risks, uncertainties, and assumptions that could cause actual results to be materially different from those forecasted assumed. Such risks, uncertainties, and assumptions are subject to a number of factors, including, among others: a failure of market to develop for our deep borehole disposal solutions or to develop as quickly as we expect; regulatory and legal developments, including issues relating to obtaining regulatory approvals or permissions; our lack of profitability; our failure to enter into contracts with customers or, once we do enter into contracts, to receive new contract awards; our dependency on governmental contracts and awards; our  failure to manage our growth effectively or to execute our business plan; a failure to sustain and expand relationships with governmental entities and strategic partners; failure in the assumptions or analyses we have used in supporting forecasts or plans; our inability to commercialize our products at scale; the development or deployment of other technologies or solutions supplanting or competing with our technologies; challenges to our intellectual property, failures to protect, maintain, enforce, and enhance our intellectual property, and claims by others of intellectual property infringement;  political and the public perceptions of nuclear energy, including perceptions as to accidents or other high-profile events involving nuclear power facilities or radioactive materials; our liquidity and ability to raise capital; any inability to control operating and project costs and project delays or other project-related problems; security (including cybersecurity) breaches or disruptions; geopolitical, macroeconomic, domestic events or crises, including supply chain disruptions and other risks and uncertainties outside of our control; weather and effects of climate change; litigation or legal proceeds that may be brought against us.  

The foregoing is not an exhaustive list of all the factors that may cause any forward-looking statements to prove inaccurate or our actual results may differ materially from our expectations and forecasts. Moreover, we operate in a highly regulated environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this Release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We cannot guarantee future results, performance, or achievements. We undertake no obligation to update any forward-looking statements for any reason after the date of this Release or to conform these statements to actual results or revised expectations, except as required by law.

Additional information concerning the factors above and other factors will be found in the Company’s public filings with the Securities and Exchange Commission (the “SEC”), including the sections titled “Forward-Looking Statements” and “Risk Factors” in the Company’s Current Report on Form 8-K dated July 23, 2025 that will be filed with the SEC and in subsequent filings with the SEC. The referenced SEC filings will be available either publicly when filed or upon request to Deep Isolation Nuclear InvestorRelations@deepisolation.com.

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