General Fusion Becomes First Publicly Listed Fusion Company

General Fusion Group Ltd. began trading on the Nasdaq under the ticker symbol GFUZ on July 13, 2026, following the completion of its business combination with Spring Valley Acquisition Corp. III, the company announced. The Vancouver-based firm is entering the public markets with approximately US$150 million in cash, inclusive of net transaction proceeds from a private placement and trust capital. The capital is expected to fund the company's Lawson program through several key technical milestones aimed for completion in 2028, with the goal of demonstrating and de-risking its Magnetized Target Fusion technology in a commercially relevant way. Chief Executive Officer Greg Twinney said the company is dedicated to its vision of bringing practical, clean, and abundant fusion energy to the world. He said General Fusion brings more than 20 years of real-world testing, demonstration, and results to the development of commercial fusion energy and is excited about the next chapter. The company was established in 2002 and has been funded by a global syndicate of energy venture capital firms, industry leaders, and technology pioneers.