Announcement • Jul 24
Terra Innovatum Global N.V. Requests U.S. Nuclear Regulatory Commission to Initiates Preapplication Readiness Review to Support Solo Construction Permit Application Terra Innovatum Global N.V. (Terra or the Company), a developer of advanced micro-modular nuclear reactors, announced that it has requested that the U.S. Nuclear Regulatory Commission (NRC) conduct a voluntary preapplication readiness review of the Company's planned SOLO Micro-Modular Reactor (MMR) Construction Permit Application. The initiative is intended to align Terras licensing work with its previously communicated objective to submit the SOLO Construction Permit Application in 2026 for commercialization in 2028. The readiness review is intended to support Terra's planned SOLO Construction Permit Application submission in 2026 by enabling NRC staff to review draft safety and environmental documentation in advance of a formal application submittal. Through this process, Terra expects NRC staff to identify technical, regulatory and administrative observations early, strengthening the quality of the application, supporting its accelerated parallel construction permit and operating license strategy, and helping to facilitate a more efficient review. As part of the readiness review, Terra plans to provide draft sections of its Preliminary Safety Analysis Report (PSAR) and Environmental Report to the NRC on a phased basis beginning in July 2026 through a secure electronic reading room. The Company has requested that NRC staff commence the readiness review in August 2026 to align with Terras planned SOLO Construction Permit Application submission later in the year. objective has always been to execute a disciplined regulatory strategy that reduces risk while advancing SOLO toward commercial deployment, said Alessandro Petruzzi, Co-Founder and Chief Executive Officer of Terra Innovatum. By initiating this readiness review, we are asking NRC staff to engage with our safety and environmental documentation before formal submittal, with the aim of strengthening the Construction Permit Application and maintaining momentum toward commercialization. The readiness review is part of Terra's broader regulatory engagement strategy and follows previously announced licensing milestones, including submission of Terras regulatory engagement plan, topical reports covering design, safety, fuel and operations, and acceptance by the NRC of the principal design criteria report for review. Terra continues to progress toward submission of the SOLO Construction Permit Application in 2026 and its objective of commercialization in 2028. Announcement • Jul 03
Terra Innovatum Global N.V. Announces Appointment of Joanna Lohkamp as Independent Director, Effective July 1, 2026 Terra Innovatum Global N.V. announced the appointment of Joanna Lohkamp, Chief Executive Officer of Smart Wires, to its Board of Directors, effective July 1, 2026. Lohkamp brought more than 30 years of global operating and board leadership experience across technology, manufacturing, and infrastructure-oriented businesses. Lohkamp had served as Chief Executive Officer of Smart Wires since 2023, after joining the company’s Board of Directors in 2021. Prior to joining Smart Wires, Lohkamp served in senior executive roles including Managing Partner and Chief Financial & Operating Officer at NBBJ, President and Chief Operating Officer at Isonics Semiconductor, and leadership positions at Intel Corporation spanning finance, operations, manufacturing, leadership development, and mergers and acquisitions. In addition to her executive leadership experience, Lohkamp brought extensive public- and private-company board experience, including leadership roles on audit and risk, compensation, and nominating and governance committees. She was co-founder of the Better Boards Initiative, a nonprofit dedicated to advancing effective and diverse board practices. Lohkamp was a National Association of Corporate Directors (NACD) Board Leadership Fellow and held the NACD Directorship Certification®. She held an MBA from the UC Berkeley Haas School of Business, and a B.A. in International Relations from Stanford University. Board Change • Jun 30
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Peter Hastings is the most experienced director on the board, commencing their role in 2025. Independent Non-Executive Director Rex Jackson was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 
