Deep Fission, Inc. · NASDAQ:FISN
Deep Fission — Investor Presentation (June 2026)
27 slides from Deep Fission's investor presentation, June 2026
Slide 1: Corporate Overview: Powering Humanity from a Mile Underground
DeepFission.com NASDAQ: FISN Corporate Overview Powering Humanity from a Mile Underground June 2026
Slide 2: Empire State Building for scale
Empire State Building for scale (1,454 ft tall) 2
Slide 3: Energy Resilience for the AI era
Energy Resilience for the AI era Deep Fission is focused on delivering reliable, low- carbon baseload power to meet growing electricity demand from utilities, industrial customers, and data centers. The Gravity Nuclear Reactor™ approach combines established pressurized water reactor technology with
Slide 4: Deep Fission Breaks Ground
Deep Fission Breaks Ground Site 1 – Parsons, Kansas 4
Slide 5: Integrating Three Mature Technologies
Integrating Three Mature Technologies Deep Fission prioritizes deployment over invention. Deep Borehole Geothermal Pressurized Our Gravity Nuclear Drilling Technology Water Reactor Reactor™ design uses established reactor technology, leveraging existing capabilities in the + + oil, gas, and geotherm
Slide 6: Pressurized Water Reactor (PWR)
Pressurized Water Reactor (PWR) Primary System Highlights Primary Heat 1 Exchanger Primary Coolant Pressurized Primary Coolant is by Gravity (160 Atm) a Closed System (160 Atm) Heat Transferred to the Secondary System is 2 Pumped to the Surface Natural Circulation (Hot Water Rises) DOE Authorizes Op
Slide 7: Company History and Key Milestones
Company History and Key Milestones $FISN began trading on Nasdaq Global Market, announced Liz Muller and Richard closing of $40M public Muller founded Deep offering Fission in Berkeley, CA The Company is the first to Endeavour Announces Customer be developing a concept for Announced a strategic Pipe
Slide 8: Key Highlights
Key Highlights Substantial Market & Regulatory Tailwinds: 1 18.5 GWe Pipeline of Non-Binding LOIs Established Technology Pathway: 2 Light Water Reactor up to 15 MWe Using Standard LEU Fuel 3 Rapid Speed of Deployment and Low Build Cost: Build / Own / Operate (BOO) Business Model 4 Enhanced Security
Slide 9: Substantial Market & Regulatory Tailwinds
Substantial Market & Regulatory Tailwinds Key Tailwinds U.S. Data Center Power Demand Expected to Outstrip Supply (Gigawatts) ~114. Near-Term Capacity Constraints are creating ~106. Massive Production Shortfalls AI, data centers, big tech, and military spend are ~92. ~94. supercharging energy demand
Slide 10: Major Governmental Initiatives Propelling Nuclear Demand
Major Governmental Initiatives Propelling Nuclear Demand America-first policies have accelerated demand for nuclear energy production Policy Tailwinds Speed up Reactor Deep Fission’s regulatory strategy aligns with DOE’s streamlined authorization framework for reactor demonstration and supports Lice
Slide 11: Established Technology Pathway
Established Technology Pathway Scalable Power Primary Heat Exchanger Targeting up to 15 MWe per reactor, Heat Transfer scalable with additional boreholes. Novel deployment approach will apply proven geothermal components and processes for Inherent Safety energy transfer to the turbine Utilize boreho
Slide 12: Designed for Rapid Speed of Deployment
Designed for Rapid Speed of Deployment New reactor designs, advanced fuel cycles, and safety innovations are important, but not sufficient on their own for deployment at Deep Fission pace with compute infrastructure. Deep Fission believes it has a path to achieve near-term scale as determined by lic
Slide 13: Low Build Cost
Low Build Cost The Gravity Nuclear Reactor Expected to Improve on Major Variables of PWR Complexity and Cost New Pressurized Water Reactors Deep Fission Criteria are still not cost-effective engineered to achieve compelling economics across the board Reactor Pressure Vessel Large forged pressure ves
Slide 14: Deep Fission Business Model
Deep Fission Business Model Business plan includes revenue from development and construction, technology licensing and services, and long-term revenue from electricity sales. We expect to utilize third-party project financing to support reactor deployment 1 Upfront Reactor Delivery & Integration EPC
Slide 15: Security Advantage: Defense-Enabling Energy Deployment
Security Advantage: Defense-Enabling Energy Deployment Aligned with Department of Defense eorts to strengthen installation energy resilience, reduce dependency on vulnerable grids and fuel logistics, and maintain operational continuity under disruption Physical Resilience Logistical Resilience Mini
Slide 16: Executive Leadership
Executive Leadership Elizabeth Muller Mark Schmitz Mark Pérès Michael Brasel CEO and Co-Founder CFO Chief Nuclear Officer COO Prior Experience: Prior Experience: Prior Experience: Prior Experience: Co-Founder, Board Chair & Former CEO of 40+ years of experience in global finance 40+ years of experie
Slide 17: Depth of Technical & Operations Teams
Depth of Technical & Operations Teams Bryan Black Rani Franovich David Nelson Executive VP, Business Development VP, Regulatory Strategy VP, Drilling and Completion Team 14+ years in nuclear energy and power 30+ years in nuclear regulation 25+ years in well engineering Aleem Boatright Jason Pottorf
Slide 18: Board Of Directors & Advisors
Board Of Directors & Advisors Board of Directors Elizabeth Muller Leslie Goldman Tepper Jonathan Angell Thomas Glanville Blake Janover CEO and Co-Founder Managing Partner of LGT Seven CEO of Angell Investments Managing Partner of Eschelon Advisors, LP Board Member and CCO of DeFi Board Chair Enterpr
Slide 19: Accelerated Innovation — Deep Fission is a New Class of Infrastructure
Accelerated Innovation — Deep Fission is a New Class of Infrastructure Intellectual Property (IP) Process is Intended to Create Long-Term IP Moat and Technology Licensing Potential Core Concept Stack Borehole Reactor Deep-Borehole Nuclear Borehole Nuclear Power 38 Architecture Reactor Plant System P
Slide 20: Commercial Deployment Plan: 2027-2028 Commercial Operation Date Goal
Commercial Deployment Plan: 2027-2028 Commercial Operation Date Goal Phase 1: Analysis Phase 2: De-Risk Targeting First Half 2027: DOE Pilot Secured non-binding Construction & NRC Licensing Submission LOIs for 15 GWe pipeline including site-host LEU fuel fabrication and loading, drilling and and off
Slide 21: Commercial Deployment Plan (Cont'd)
Commercial Deployment Plan (Cont’d) Strategic Relationships for Accelerated Commercial Pathways Great Plains Blue Owl Endeavour Development Authority Non-binding letter of intent and executed Non-binding strategic relationship with Non-binding strategic relationship term lease agreement establish fr
Slide 22: Commercial Deployment Plan (Cont'd)
Commercial Deployment Plan (Cont’d) Supply Chain: Strategic Relationships Enriched uranium product MOU signed (EUP) procured, with delivery this summer Drilling & Fuel Completion Designing Deep Fission’s instrument hub and Construction manager for electronics for monitoring Engineering, the demonstr
Slide 23: Commercial Deployment Plan (Cont'd)
Commercial Deployment Plan (Cont’d) Phased Milestones 1 TARGETING 2026 - 2027 2 TARGETING 2027 3 TARGETING 2027 - 2028 Borehole Drilling, Installation and DOE Pilot Authorization Potential Future Commercial Emplacement Milestones and Demonstration Deployment Objective Data Acquisition + Analyses + F
Slide 24: Next Milestone: Commercial Borehole Proof of Concept
Next Milestone: Commercial Borehole Proof of Concept “G2 Well” Targeting Q3 2026: G2 Well What G2 Intends to De-Risk: 1. Ability to drill a large-diameter well in the target geology and handle subsurface complexity 2. Ability to manage lost circulation and preserve seal integrity through enlargement
Slide 25: Deep Fission Operates in a Market with Rigorous Nuclear Requirements
Deep Fission Operates in a Market with Rigorous Nuclear Requirements Proactive engagement with Regulators allows for parallel path - technology development and commercial approval DOE Authorization & NRC Application Process Commercialization Pathway Submitted revised Documented Safety Analysis appro
Slide 26: Forward-Looking Statements
Forward-Looking Statements This document includes forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements regarding Deep Fission’s technology, business strategy, regulatory activities, commercialization plans, anticipated deployments, m
Slide 27: Powering Humanity from a Mile Underground
Powering Humanity from a Mile Underground