$GFUZ

General Fusion Group Ltd. (Nasdaq: GFUZ), a Vancouver-based fusion developer, is pursuing a unique approach to fusion energy using Magnetized Target Fusion (MTF). The company recently completed its first commercially relevant scale demonstration machine, LM26, and reported heating plasma to 8.4 million degrees Celsius. General Fusion aims to achieve the Lawson criterion, demonstrating its capabilities at a larger scale. The company's progress is part of a broader race to commercialize fusion ene

General Fusion (NASDAQ: GFUZ) reported its first business update as a public company. It entered the market with $150M in cash to advance its fusion energy technology, aiming to achieve key milestones by 2028. The company announced progress in plasma heating and partnerships for commercial deployment. CEO Greg Twinney highlighted the company's strategy and roadmap for commercialization by 2035.

General Fusion (GFUZ) told investors at Canaccord Genuity’s growth conference that its magnetized target fusion approach targets neutron damage mitigation, tritium breeding, energy capture and lower cost. The company said it raised about 543 million CAD, entered Nasdaq with about 150 million CAD cash, is running LM26 in Vancouver, and targets a first commercial plant around 2035.

General Fusion Group Ltd. (Nasdaq: GFUZ) rang the Nasdaq Opening Bell on July 17, 2026, marking its listing, according to the company. The release says it was founded in 2002 and spent about 24 years building its Lawson Machine 26 (LM26), which began operating in early 2025. It outlines milestone targets for plasma heating (1 keV, 10 keV) and the Lawson criterion.

General Fusion Group Ltd. (NASDAQ: GFUZ) said it will ring the Nasdaq Opening Bell on July 17, 2026, marking the start of trading after becoming the first publicly listed fusion energy company. The release highlights its MTF approach and LM26 fusion demonstration machine, designed, built and operating since early 2025, with milestones from 1 keV to 10 keV and toward the Lawson criterion.

General Fusion Group Ltd. (Nasdaq: GFUZ) began trading on the Nasdaq after completing a business combination with Spring Valley Acquisition Corp. III. The stock reportedly rose about 30% intraday and closed up about 21% on its first session. The company said it entered with about $150 million cash to fund its Lawson program through 2028 milestones and targets first plant operations around 2035.

General Fusion (Nasdaq: GFUZ) became the first nuclear fusion company to go public after merging with SPAC Spring Valley Acquisition Corp. III. Shares opened at $12.80 and traded around $13.40. Heavy SPAC redemptions left about $150M cash, funding its Lawson Machine 26 program through 2028.

General Fusion Group Ltd. (NASDAQ:GFUZ) rose 21% to close at $11 in its first day after completing a SPAC merger with Spring Valley Acquisition Corp. III. The company said it has about $150 million in cash from the transaction. Founded in 2002, it develops magnetized target fusion technology.

General Fusion Group (NASDAQ:GFUZ) shares rose 23.09% to $13.54 after its business combination with Spring Valley Acquisition Corp III. The company said it is going public with about $150 million in available cash from a private placement and trust funds, to fund its Lawson program and advance magnetized target fusion milestones targeted for 2028.

General Fusion Group, a Vancouver-based company, completed a business combination with Spring Valley Acquisition (NASDAQ: SVAC), entering public markets. The deal provides about $150 million in cash, which General Fusion says will fund its magnetized target fusion (MTF) program toward major technical milestones by 2028 for potential commercial fusion power.