en.Wedoany.com Reported - LIS Technologies Inc. (LIST), a U.S.-based developer of patented laser technology focused on laser uranium enrichment, announced on March 31, 2026, the successful completion of its fifth consecutive oversubscribed funding round, raising $7.128 million, bringing its total funding to over $71 million. This round was expanded and oversubscribed by 40%, reflecting investor confidence in the company's vision and technological leadership.
The funds will be used to accelerate the development of the F.U.E.L. Project (Future Uranium Enrichment by Laser) and the construction of LIST Island at the historic K-25 site in Oak Ridge, Tennessee. LIS Technologies has assembled a team of scientific, regulatory, and technical experts to advance its patented laser uranium enrichment technology.
The company's laser-based uranium enrichment technology aims to provide higher efficiency and a smaller facility footprint, supporting enhanced domestic energy security. LIS Technologies plans to invest $1.38 billion in Oak Ridge, Tennessee, to develop a laser enrichment facility with an annual capacity of up to 5.5 million separative work units (SWU). Construction is expected to begin in 2026, with a target of becoming operational in the early 2030s.
"The continued support of our shareholders has been instrumental as our company grows and advances key development milestones toward achieving our commercialization goals," said Jay Yu, Executive Chairman and CEO of LIS Technologies Inc. "This latest funding round, marking our fifth consecutive oversubscription, highlights the strong investor confidence in our patented, U.S.-origin laser uranium enrichment technology. It will support the continued progress of the F.U.E.L. Project and the initial development phase of LIST Island."
LIS Technologies is one of six U.S. domestic companies awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the U.S. Department of Energy (DOE) in 2024, participating in a program for up to $3.4 billion in low-enriched uranium (LEU) enrichment procurement. The company's proprietary CRISLA technology is the world's only proven, U.S.-origin, patented advanced laser enrichment solution optimized for low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU).
"The ongoing support from investors and shareholders has played a significant role in driving the company's growth and development," said Christo Liebenberg, President and Co-founder of LIS Technologies. "The fundraising efforts to date have enabled us to build cross-functional teams to advance the patented technology towards deployment. We anticipate 2026 to be a pivotal year for the company's long-term development."
The laser uranium enrichment technology of LIS Technologies Inc. aims to support the nuclear fuel cycle, particularly the enrichment stage, to rebuild U.S. nuclear capability. The company is committed to providing fuel solutions for existing and next-generation nuclear reactors through innovative technology.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
