Insiders at Terra Critical Minerals Place Bullish Bets Worth AU$1.01m

Terra Critical Minerals insiders purchased AU$1.01m worth of shares, with the largest purchase by Daniel Raihani for AU$358k. Insiders own 37% of the company. While insider transactions are not the most important factor, they suggest a positive outlook for the company.

Terra Innovatum, a developer of micro-modular nuclear reactors, has successfully completed its business combination with GSR III Acquisition Corp. (Nasdaq: GSRT) and will begin trading on the Nasdaq under the ticker symbol "NKLR" as of October 10, 2025 Terra Innovatum Announces Closing of Business Combination with GSR III Acquisition Corp. and Commencement of Trading on Nasdaq^[1]. The combined company, now known as Terra Innovatum Global N.V., will be led by its existing management team.

The transaction, which was approved by shareholders at GSRT’s Extraordinary General Meeting on October 7, 2025, includes expected transaction proceeds of $130 million. These funds will be used to fully fund the first-of-a-kind SOLO™ micro-modular reactor deployment and accelerate scale-up efforts. The company's near-term priorities include licensing and deployment execution, with regulatory approvals and successful commissioning remaining critical milestones.

Terra Innovatum's SOLO™ technology uses proliferation-resistant LEU fuel and off-the-shelf components to target low-cost, zero-carbon power. The company aims to address global energy shortages with its innovative and sustainable power solutions. The SOLO™ micro-modular reactor is designed to be practical to manufacture, safe to deploy, and ready for real-world applications on a commercial timeline.

The company's CEO, Alessandro Petruzzi, commented on the significance of the transaction, stating, "Closing this transaction and debuting on Nasdaq marks a defining moment for our company and for the future of clean energy." He emphasized the company's focus on licensing and deployment execution, entering the public markets with a clear path to commercialization.

Gus Garcia, Co-CEO and Director of GSRT, echoed this sentiment, stating, "Terra Innovatum is pioneering a new chapter in clean energy with technology that is simple, safe, and extremely versatile in its commercial applications." The successful completion of the business combination represents an exciting achievement for both teams.

Terra Innovatum will ring the Nasdaq Opening Bell on October 17, 2025, which can be viewed live here: https://www.nasdaq.com/marketsite/bell-ringing-ceremony.