🟢 Terrestrial Energy is trading 5% up today after better-than-expected Q2 loss and improved cash burn

Terrestrial Energy is trading 5.14% up now at $5.73 after reporting a better-than-expected second-quarter loss and improving cash burn to $6.4 million.

• Management raised estimated lifetime revenue per IMSR plant to $2.7 billion from $2.1 billion and increased projected blended gross margin to 33%.
• The company maintained $283.4 million in liquidity and highlighted regulatory progress, including NRC approval of its Postulated Initiating Events methodology.
• Higher energy-sector sentiment provided additional support, with XLE up 2.28%.