Hadron Energy, developer of the Halo Micro-Modular Reactor, has signed a Uranium Conversion Services Agreement with ConverDyn, the marketing agent for the only commercial uranium hexafluoride conversion facility in the United States, owned and operated by Solstice Advanced Materials. The agreement secures a foundational and non-replicable step in Hadron’s domestic nuclear fuel cycle, directly enabling both the first deployment of the Halo MMR and its scalable commercial rollout.
Uranium conversion is the critical first step in transforming mined uranium into reactor fuel. Before uranium can be enriched and fabricated into fuel assemblies, it must first be converted into uranium hexafluoride, a process that Solstice uniquely performs at commercial scale within the United States exclusively for ConverDyn. By securing this relationship, Hadron establishes a fully domestic fuel supply pathway that reduces geopolitical supply chain risk and builds regulatory and operational credibility.
The ConverDyn agreement adds to a series of recent milestones. Hadron has received NRC acceptance of its Quality Assurance Program Description Topical Report, submitted its Principal Design Criteria White Paper to the NRC, signed a portfolio-scale MOU with Smartland Energy for up to five potential Halo MMR deployments, and announced a collaboration with Paragon Energy Solutions for the reactor’s Instrumentation and Control architecture. The company is also advancing toward a public listing through a business combination with GigCapital7 Corp., with a shareholder vote scheduled for May 7, 2026, at a pro-forma equity valuation of approximately $600 million. Hadron is expected to trade on Nasdaq under the ticker HDRN.
KEY QUOTES:
“Fuel is not a procurement afterthought, it has to be a foundational consideration from day one. Conversion is the critical first step that transforms uranium into a form that can be enriched and fabricated into reactor fuel. ConverDyn provides the only commercial UF₆ produced in the United States, and securing this relationship now means our fuel supply pathway is grounded in domestic infrastructure, regulatory familiarity, and operational credibility.”
Ross Ridenoure, Chief Nuclear Officer, Hadron Energy
“The companies that will deploy first are the ones that treat supply chain as a core engineering problem, not a procurement afterthought. This Conversion Services Agreement with ConverDyn adds another foundational layer to our commercialization roadmap. We are building a supply chain that is domestic, credible, and resilient because that is what our customers and our investors should expect from us.”
Sam Gibson, Founder and Chief Executive Officer, Hadron Energy
“Through this partnership, Hadron will receive high-purity UF₆ produced using advanced processes and the deep operational expertise at Solstice Metropolis Works. This collaboration underscores how strong partnerships and established infrastructure are essential to scaling the next generation of nuclear energy.”
Malcolm Critchley, President and CEO, ConverDyn
