NOV Sells Advanced Nuclear Development Company to Natura Resources in Stock for Stock Transaction

NOV Inc. has sold its advanced nuclear development company, Shepherd Power, to Natura Resources in a stock-for-stock transaction. NOV will become an investor in Natura and appoint a representative to Natura's Board of Directors. NOV and Natura have signed a Memorandum of Understanding to establish a supply chain agreement, where NOV will leverage its manufacturing, supply chain, and project management expertise to support scaling advanced nuclear power solutions. The agreement aims to support Natura's plans to deploy 100-megawatt molten salt reactor units starting in 2029 and reaching scale in 2032.