“The continued support of our shareholders has been instrumental as we grow the Company and advance key development milestones towards our commercialization goals,” said Jay Yu, Executive Chairman and CEO of LIS Technologies Inc. “This latest financing, marking our fifth consecutive oversubscribed round, underscores the strong investor confidence in our patented, U.S.-origin laser uranium enrichment technology and enhances our ability to scale operations for the future. It will support the continued progression of Project F.U.E.L and the initial phases of development at LIST Island. Our next goals are large in scope and include the build out of our newly announced commercial, laser enrichment plant named the LEU-3 Facility, on LIST Island, which represents a future $1.38 billion investment in the Oak Ridge, Tennessee community and the heart of the United States’ enrichment story. We recognize the domestic nuclear fuel cycle, in particular the enrichment stage, is essential to the build back of U.S. nuclear capabilities and a current bottleneck that must be addressed.”